Senior Finance Associate - Business Development Company
Senior Finance Associate - Business Development Company
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Job Description
BAIN CAPITAL SPECIALTY FINANCE OVERVIEW
Bain Capital Specialty Finance (BCSF) is a business development company utilizing the significant experience and expertise of Bain Capital Credits Private Credit Group which has over 20 dedicated professionals around the world who exclusively focus on middle-market investments. This scale enables the team to remain focused on sourcing and analyzing a large opportunity set while remaining highly selective in approving credits. Our approach facilitates detailed focus on structuring monitoring and managing each of its current and prospective portfolio company investments.
BAIN CAPITAL CREDIT OVERVIEW
Bain Capital Credit is a leading global credit specialist with $41 billion in assets under management. We invest across the credit spectrum and in credit-related strategies including leveraged loans high-yield bonds structured products private middle market loans bespoke capital solutions distressed securities and assets non-performing loans hard assets and equities. Since inception a strong sense of alignment with our partners has been ingrained in our culture. We are a private partnership and invest a significant amount of our own capital alongside our limited partners. We have approximately $1.5 billion of employee co-investment committed across Bain Capital Credit funds. Bain Capital Credits Investment professionalsare dedicated to sourcing analyzing documenting and executing on attractive credit opportunities across North America Europe and Asia-Pacific and are supported by robust operational and technical resources.
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.
KEY RESPONSIBILITIES
Work directly in the preparation and/or review of various Business Development Companies (BDCs) reporting requirements which include some or all of the following:
10-Q and 10-K SEC filings
Weekly performance reporting including returns positioning and attribution analysis
Weekly dividend estimate
Review and reconciliation of outside Administrators NAV package
Materials for BDC Board of Directors
Work with Investor Relations to prepare investor decks and earnings release
Analytical review of quarterly balance sheets and income statements
Close interaction with outside accountants to assist in their audit work
Close interaction with third party service provider to document evidence of internal controls operating effectively
Close interaction with legal team to ensure BDCs remain in compliance with regulatory requirements
Capital reporting to investors of Joint Ventures
Frequent /Challenging / Unique Ad hoc requests
Application of provisions described in complex legal documents for Joint Ventures (e.g. PPMs/LPA/IMAs) including:
Capital Call Provisions
Capital Allocations
Carried Interest Allocations
Distribution Provisions
Management Fees
Expenses(ability to charge as well as expense cap provisions)
Investment Restrictions/Compliance
Close interaction with Portfolio Management team to address issues surrounding investment objectives and constraints within each funds investment mandate. Responsible for having an understanding of asset classes owned within each fund which may include bank loans equities and structured products.
Close interaction with deal staff to address any question that arises as part of the financial reporting process. Responsible for understanding the nature of their question and addressing accordingly either through providing additional information as needed or developing new solutions to address their needs.
Close interaction with Operations and outside Administrator when issues are discovered as part of the financial reporting process. Responsible for determining the root cause of the issues encountered determining effective solutions and then overseeing the implementation of those solutions.
GENERAL QUALIFICATIONS
2 4 years of public accounting (financial services preferred) or other relevant work experience in a rigorous environment. BDC experience a plus.
Strong ability to prioritize multiple responsibilities and work under tight deadlines.
Self-starter with initiative. Ability to work unsupervised.
Strong analytical problem-solving skills.
Strong interpersonal skills with capacity to interact with outside parties and personnel across all levels of the firm.
Ability to decipher complex legal documents.
Dedicated team player with a strong sense of ownership and follow-through skills
Detail-oriented conscientious and energetic professional.
Strong Excel skills including the ability to develop efficient Excel templates from scratch. Experience with macros not needed.
Strong ability to think outside the box to develop solutions to Frequent / Challenging / Unique Ad hoc requests in order to deliver the desired result/information when quite often starting from a blank slate.
DESIRED BACKGROUND/EDUCATION
Four-year college degree with a strong academic background.
Major in accounting (preferred) finance and/or related degree.
CPA or equivalent qualification a plus. Work toward or an interest in pursuing a CFA charter a plus.
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
