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WHO YOU WILL WORK WITH
You will, as the Global Investment Services (GIS) Fund Controller manage the operations and reporting of a sub-set of the Group’s tax-basis private equity funds and related investment entities. Also collaborates with the Group’s team members on related work streams and projects. The Fund Controller manages the Group’s Accounting Managers and is responsible for the funds’ accounting, investment valuations, cash flows and reporting to investors and senior management. In addition, the Fund Controller works strategically with internal and external advisors and stakeholders to stay abreast of regulatory requirements and to drive results by developing and implementing enhancements to existing processes and related software applications.
WHAT YOU’LL DO
Fund Accounting & Reporting (50%)
• You will actively manage accounting staff personnel
• You will be responsible for maintaining accurate tax-basis records and supporting documentation for the timely financial reporting of the funds, including reporting to investors and management, and completion of the annual audits and tax filings
You will review and approve the interim & annual financial reporting of the funds and investor capital accounts, including accounting entries, supporting documentation and investor allocationsYou will manage investor level allocation methodologiesYou will manage database of investment-level metrics• You will manage investor capital calls, distributions to investors, vendor payments, foreign currency transactions and related activities
• You will review & approve filings with taxing authorities and related payment requests, and manage responses to tax notices
• You will calculate withholding taxes at the investor level and related receivables
• You will create periodic reporting for management
Fund Operations & Administration (25%)
• You will ensure accurate & timely financial accounting in compliance with partnership agreements & internal controls
• You will plan and execute annual audits and tax return preparation
• You will provide active cash management for the funds
You will recommend amount & timing of investor calls & distributionsYou will coordinate operations with Bain’s Treasury team• You will manage and review investor transfers
• You will coordinate quarterly and ad-hoc reporting to investors
• You will manage periodic fund-level communications, including annual reports, Schedule K-1s & other tax forms
• You will create of new funds and fund offerings, and dissolution of entities
You will assist Bain’s Legal team with creation of new entities and preparation of offering materialsYou will review and record investor subscriptions• You will assist with assessment & implementation of technology solutions
Investment Transactions, Valuation & Reporting (20%)
• You will review & analyze portfolio company data for the fund’s quarterly valuation reporting of the investment holdings
• You will facilitate investment closings, including cash flows and documentation
• You will analyze transactions and summarize deal activity
• You will maintain relationships with finance personnel at the various firm’s sponsoring the underlying investments
• You will create periodic reporting for management
Other duties as required (5%)
• You will provide support to management & Investment Committee
• You will perform other duties as responsibilities dictate
ABOUT YOU
Bachelor’s degree in Accounting or Finance, CPA or similar certification (or equivalent work experience) along with 6 years progressive managerial experience in a public accounting firm, a private equity fund manager or similar experience is required. Experience with private equity or other alternative investment funds, and US tax reporting of private funds and individuals is preferred.
Extensive knowledge of partnership accounting required. Knowledge of partnership tax reporting, individual tax matters and investor reportingFundamental knowledge of auditing standards for private equity investment funds and partnership tax matters including details to prepare various IRS tax formsWorking knowledge of industry specific software for accounting and reporting, including: Investran / FIS Private Capital Suite, FIS DDX investor portal, Allvue’s AltaReturn, or similar software productsDemonstrated leadership & team management skillsDemonstrated sound business judgementHighly motivated, organized, proactive self-starter and team playerAbility to think outside of the routine and to create new ways to better serve external an internal stakeholdersStrong analytical and problem-solving skills, with intellectual curiosity to identify issues and create proposed solutionsSuperior communication & interpersonal skills with ability to build relationships at all levels of the organization Ability to work independently receiving strategic direction, and collaboratively as part of a teamStrong organizational & project management skillsWorking knowledge of Microsoft software's, including Excel, PowerPoint, Word & SharePointAbility to successfully manage multiple work streams, prioritize assignments and meet deadlines