Senior Finance Associate - Real Estate
Senior Finance Associate - Real Estate
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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.
REAL ESTATE OVERVIEW
Bain Capital Real Estate was formed in 2018 and pursues investments in often hardtoaccess sectors underpinned by enduring secular trends that drive longterm demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company) having invested and committed $9.8 billion of equity in over 600 assets across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estates strategy aligns with the valueadded investment approach that Bain Capital pioneered and leverages the firms global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities. For more information visit ASSOCIATE POSITION DESCRIPTION
The Senior Associate will be a member of the BCRE Finance team and will be responsible for accounting and reporting oversight for a collection of direct real estate investments as well as providing support for fund level accounting and reporting. Direct real estate investments include a wide range of asset sectors including life sciences / lab space senior housing selfstorage industrial infill medical office multifamily media / content space etc.
This individual will be the finance and accounting contact for the investment team and will be expected to provide financial reporting insight on their assigned real estate investments. The Senior Associate will provide oversight and guidance to the accounting professionals who provide reporting information to the BCRE Finance team including but not limited to: oversight of capital activity review of monthly property accounting packages review of quarterly fair value reporting packages and direct involvement in the investment valuation and budgeting process.
This individual will work on the monthly quarterly and annual accounting period closes for the real estate properties and funds with additional emphasis on the quarterly and annual fair value reporting cycles. This process requires indepth analysis and understanding of the real estate investments including the documentation of significant matters on an ongoing basis.
The Senior Associate will play a pivotal role with a diverse set of responsibilities including but not limited to the following:
Ensure accurate accounting and reporting for real estate investments on a monthly and quarterly basis including the review of quarterly promote and management fee calculations
Regularly engage with joint venture partners to discuss ongoing operations and transactions from a financial perspective
Collaborate with the fund administrator on various tasks focusing primarily on the review process for quarterly and annual financial statements
Perform a weekly Fund cash availability analysis to evaluate loan drawdowns and repayments with the BCRE Finance Associates
Forecast coordinate and review investor level capital calls and distribution notices
Review and analyze internal valuations and external appraisals of real estate investments and prepare materials for the Valuation Committee
Interact with and support the BCRE Investment Portfolio Analytics Tax and Legal teams on financial matters with respect to real estate investments and Funds
Coordinate with auditors for Fund level audits to ensure completeness and accuracy within the financial statements
Review property budget submissions on an annual basis and investigate ongoing budget to actual variances
Maintain the integrity of portfolio accounting systems and general ledger records
Analyze and research current industry and accounting guidance applicability to the real estate portfolio and the accounting and reporting process
Lead and engage in special projects to improve internal team processes and activities.
GENERAL QUALIFICATIONS
We are actively seeking candidates with the following skills and qualifications:
A Bachelors degree in Accounting. CPA designation is strongly preferred
Two to four years of relevant accounting experience within the real estate industry (preferably Big 4 public accounting experience and/or experience working at a real estate investment manager)
Experience with real estate investment accounting/industry issues with a firm understanding of real estate valuation property operations and financial reporting matters
Excellent communication skills (email and verbal) plus demonstrated confidence and ability to communicate with all levels of the team
General understanding of the tax aspects of private real estate investments
Knowledge and demonstrated interest of financial markets and products
Proficiency in Yardi is preferred but not required
Ability to balance competing priorities thrive in a fastpaced environment and collaborate effectively with team members
Must be extremely detail oriented and demonstrate a high degree of professionalism and selfmotivation
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
