Senior Finance Associate - Coinvest
Bain Capital, Boston, MA, United States
Bain Capital Coinvest Finance Group
Significant alignment with LPs has been one of the cornerstones of Bain Capital's strategy since the firm was founded. This alignment is achieved through the firm's extensive coinvest program, through which employees, collectively, have been, and continue to be among the largest investors in nearly every Bain Capital investment across all business units. The Bain Capital Coinvest Finance Group is a team of 20+ individuals responsible for the operational, accounting, tax, and reporting aspects of the coinvest portfolio. With significant investments across the entire Bain Capital platform, the portfolio provides the team with the unique opportunity to gain exposure to all of the firm's business units. Members of the team regularly collaborate with members of nearly every internal department in the company, including investment professionals from all business units, all internal finance departments, tax, legal, HR, compliance, and IT, as well as the firm's outside advisors, including attorneys, banks, custodians, and accounting and tax professionals. This role offers broad exposure across Bain Capital's global investment platform, meaningful ownership of complex partnership structures and related finance processes, regular interactions with professionals across the Firm, and a dynamic day-to-day within a highly collaborative team environment.
Key Responsibilities For This Position
Responsible for a number of the co-invest partnerships and working with and supervising staff on the following:
Ownership of quarterly and year-end accounting and reporting for assigned partnerships
Oversight and review of daily transactional activity for large portfolios of funds, including capital calls and distributions, with responsibility for identifying issues, ensuring appropriate controls, and escalating issues as needed
Preparation and review of annual tax basis books, including tracking and review of K-1 activity and coordination with internal and external tax teams
Management of fund administrative activities including cash management and treasury responsibilities, capital and custody management, cash and stock distributions, monthly cash reconciliations, and tax withholding analysis
Active collaboration with stakeholders ranging from Associates to Partners on cross-functional initiatives to enhance the reporting, controls, and the overall coinvest platform
Participation in process improvement, documentation, and systems-related initiatives, leveraging prior experience to enhance efficiency and scalability
General Qualifications
3+ years of accounting experience with investment companies with tax exposure, and/or public accounting with audit and/or tax experience
Solid understanding of investment partnerships and partnership accounting concepts
Strong project management and organizational skills with the ability to manage multiple priorities and deadlines while maintaining a high level of accuracy and attention to detail
Demonstrated ability to exercise sound judgment, operate with increasing autonomy, and proactively identify, assess, and resolve issues
Strong interpersonal skills with capacity to interact with all levels
Understands and enjoys the demands of a service-oriented, deadline-driven environment
Capable of handling highly confidential and sensitive information
Advanced MS Office, particularly Excel
Desired Background/Education
Bachelor's Degree in Accounting or Finance
CPA preferred, Master's Degree a plus
Compensation: Expected Annual Base Salary $95,000 110,000. Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees' health, financial security, family needs, and overall well-being.
Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.
Significant alignment with LPs has been one of the cornerstones of Bain Capital's strategy since the firm was founded. This alignment is achieved through the firm's extensive coinvest program, through which employees, collectively, have been, and continue to be among the largest investors in nearly every Bain Capital investment across all business units. The Bain Capital Coinvest Finance Group is a team of 20+ individuals responsible for the operational, accounting, tax, and reporting aspects of the coinvest portfolio. With significant investments across the entire Bain Capital platform, the portfolio provides the team with the unique opportunity to gain exposure to all of the firm's business units. Members of the team regularly collaborate with members of nearly every internal department in the company, including investment professionals from all business units, all internal finance departments, tax, legal, HR, compliance, and IT, as well as the firm's outside advisors, including attorneys, banks, custodians, and accounting and tax professionals. This role offers broad exposure across Bain Capital's global investment platform, meaningful ownership of complex partnership structures and related finance processes, regular interactions with professionals across the Firm, and a dynamic day-to-day within a highly collaborative team environment.
Key Responsibilities For This Position
Responsible for a number of the co-invest partnerships and working with and supervising staff on the following:
Ownership of quarterly and year-end accounting and reporting for assigned partnerships
Oversight and review of daily transactional activity for large portfolios of funds, including capital calls and distributions, with responsibility for identifying issues, ensuring appropriate controls, and escalating issues as needed
Preparation and review of annual tax basis books, including tracking and review of K-1 activity and coordination with internal and external tax teams
Management of fund administrative activities including cash management and treasury responsibilities, capital and custody management, cash and stock distributions, monthly cash reconciliations, and tax withholding analysis
Active collaboration with stakeholders ranging from Associates to Partners on cross-functional initiatives to enhance the reporting, controls, and the overall coinvest platform
Participation in process improvement, documentation, and systems-related initiatives, leveraging prior experience to enhance efficiency and scalability
General Qualifications
3+ years of accounting experience with investment companies with tax exposure, and/or public accounting with audit and/or tax experience
Solid understanding of investment partnerships and partnership accounting concepts
Strong project management and organizational skills with the ability to manage multiple priorities and deadlines while maintaining a high level of accuracy and attention to detail
Demonstrated ability to exercise sound judgment, operate with increasing autonomy, and proactively identify, assess, and resolve issues
Strong interpersonal skills with capacity to interact with all levels
Understands and enjoys the demands of a service-oriented, deadline-driven environment
Capable of handling highly confidential and sensitive information
Advanced MS Office, particularly Excel
Desired Background/Education
Bachelor's Degree in Accounting or Finance
CPA preferred, Master's Degree a plus
Compensation: Expected Annual Base Salary $95,000 110,000. Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees' health, financial security, family needs, and overall well-being.
Bain Capital is an equal opportunity employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or Veteran status.