Senior Finance Associate - Accounts Receivable
Senior Finance Associate - Accounts Receivable
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1 Vacancy
Job Description
BAIN CAPITAL OVERVIEW
With approximately $185 billion of assets under management Bain Capital is one of the worlds leading private investment firms. We create lasting impact for our investors teams businesses and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity Growth & Venture Capital Solutions Credit & Capital Markets and Real Assets. Today our team includes 1880 employees in 24 offices on four continents.
We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984 we have fostered a culture of innovation entrepreneurialism and agility empowering our people to define and own their career trajectories. Today our partnership approach enables us to pursue strategic growth build enduring relationships with a robust external network and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.
Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions respectfully challenging one another and remaining intellectually agile we work together to achieve exceptional outcomes.
CORPORATE FINANCE GROUP
The Corporate Finance Group consists of 25 individuals and is responsible for the day to day accounting for the Global Management Company. Our current Enterprise Risk Platform (general ledger system) is Workday Financials. The Global Management Company consolidates the operations of the Investment Advisors (one for each business Private Equity Credit Ventures Public Equity Double Impact Life Sciences Real Estate and Partnership Strategies) and the entities by geography including Asia Pacific (Hong Kong Tokyo Shanghai and Australia) Europe (London Dublin Munich and South Africa) and India (Mumbai and Mauritius). The Corporate Finance Group is also responsible for tax accounting and works closely with the Tax Department on Tax Reporting. Various other responsibilities within the group include the treasury and cash management function internal reporting external reporting accounts receivable accounts payable and fixed assets.
POSITION DESCRIPTION
The Senior Finance Associate as a member of the Corporate Finance team is primarily responsible for the process of allocating and invoicing capital markets deal related costs between the Advisor and the Global Special Situations Credit Partnership Strategies & Public Equity funds. The Senior Finance Associate shall develop and use subject matter expertise to manage and execute all aspects of the process including the following key tasks:
Manage the process of allocating capital markets deal related costs and transaction fees to ensure compliance with prescribed methodologies accuracy of all allocation calculations effectiveness of the capital markets allocation system administration of treatment intricacies and the completion of all supporting tasks and schedules
Allocate dead deal costs and transaction fees between Advisor capital markets funds business units and outside parties using various data sources
Prepare and deliver the fee and cost sharing invoices to Managed Account funds including supporting calculations and transaction detail
Perform detailed and analytical reviews for accuracy of allocations and costs using the expense allocation system and payment tracker; research resolve and document any discrepancies
Use the expense allocation system throughout procedures to complete monthly system tasks prepare reconciliations input of data updates review results complete fund sharing calculations compile invoices and for reporting deliverables
Work closely with IT to resolve system related issues and to implement enhancements and new functionality
Work closely with key stakeholders (Global teams including Corporate Finance Business Unit Finance General Counsel Compliance Tax and Investment professionals) on points impacting the cost allocation and invoice processes
Review coding and payments for invoices received from external suppliers
Reconcile wires on a weekly basis to ensure fund ledger aligns with bank statements for all fund payments
Communicate with internal teams and outside service providers to prepare and deliver monthly and ad hoc reporting field inquiries and provide additional explanations and data as needed
Understand the capital markets investment life cycle prescribed cost sharing methodologies limited partner agreement provisions and tax guidance in order to ensure compliance and to Review and reconcile advisor reimbursements monthly
Work closely with Corporate Finance team members for capital markets dealrelated costs invoices and reimbursements coordinating proper cost sharing treatment and invoicing outside parties
Develop and refine essential procedures as business needs evolve and expand
Opportunities for additional responsibilities where performance allows
GENERAL QUALIFICATIONS
Must be detailoriented organized and professional;
Selfstarter with strong project management and followthrough skills. Works well independently.
Excellent organizational skills. Ability to effectively prioritize large volume of tasks with a high attention to detail.
Highly analytical and with strong problemsolving skills. Ability to use own initiative and take responsibility for decisions and solutions
Strong interpersonal and communication skills (email and verbal) with ability to interact with all levels
Strong Excel skills; experience with Workday Tableau and Integridata EAS a plus
DESIRED BACKGROUND
Bachelor in Accounting or Finance is a must with a minimum GPA of 3.3
3 4 years of related Corporate Finance or Management Company experience
Familiarity with Corporate ERP systems
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.
Required Experience:
Senior IC
Employment Type
Full-Time
