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Senior Finance Associate - GP

Bain Capital

Bain Capital

Accounting & Finance
Boston, MA, USA
Posted on Wednesday, March 13, 2024

BAIN CAPITAL OVERVIEW

Bain Capital, LP is one of the world’s leading private multi-asset alternative investment firms with over $180 billion of assets under management that creates lasting impact for our investors, teams, businesses, and communities in which we live. Since our founding in 1984, we’ve applied our insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. We leverage our shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, our global team aligns our interests with those of our investors for lasting impact.

GENERAL PARTNER GROUP

The General Partner Group is responsible for the operational, accounting, tax, and reporting aspects of each of the general partner entities. These entities invest across all of the firm’s business units giving the team the unique opportunity to gain exposure throughout the company. Members of the team also regularly collaborate with several internal departments, including fund accounting, tax, legal, compliance, HR, corporate, and IT, as well as third-party service providers such as the firm’s tax advisors.

KEY RESPONSIBILITIES

This position would be primarily responsible for treasury, accounting, tax and fair market value reporting for a number of the private equity, venture, crypto, double impact, life sciences, tech opportunities, insurance solutions & real estate GP entities but will also have exposure to GP entities invested in other Bain Capital funds. Responsibilities include, but are not limited to, the following:

  • Operations and administrative activity of the partnerships, including cash management, capital calls, cash distributions, cash reconciliations, bank account openings and related regulatory requirements
  • Carry, vesting, and profit/loss allocations to the partners and members of the General Partner entities
  • Quarterly and annual financial reporting, including supporting documentation for capital accounts, trial balances and other financial reconciliations
  • Quarterly tax estimates and annual tax returns for several partnerships, including tracking and review of K-1 activity and consultation with external and internal tax advisors
  • Cash, book and tax journal entries into Investran, the third party portfolio management and accounting software

In addition, this position will also:

  • Assist in generating responses to investor inquiries and requests for information
  • Collaborate with other members of the team to drive initiatives, create efficiencies, and mentor junior team members
  • Work with all levels from Associates Partners on projects to enhance the product of the team, department and firm
  • Opportunities for additional responsibilities where performance allows

GENERAL QUALIFICATIONS

  • 3+ years accounting experience with investment companies with tax exposure, and/or public accounting with either audit or tax experience
  • Solid understanding of investment partnerships
  • Excellent project management and organizational skills; ability to effectively prioritize multiple projects with high attention to detail
  • Creative problem solving ability and judgment; ability to use own initiative to take responsibility for decisions and propose solutions
  • Team oriented and professional, with strong interpersonal skills and the capacity to interact with all levels
  • Entrepreneurial self-starter; ability to operate with limited supervision and capitalizes on opportunities to learn and grow
  • Understands and enjoys the demands of a service environment
  • Ability to handle highly confidential and sensitive information with discretion
  • Advanced MS Office, particularly Excel
  • Experience with Investran or other fund accounting software is preferred

DESIRED BACKGROUND/EDUCATION

·Bachelor’s degree in Accounting or Finance

·Public accounting, partnership and/or financial services experience preferred

·CPA and/or Master’s Degree preferred, but not required

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.