Finance Associate - General Partnership
Bain Capital
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See open jobs at Bain Capital.See open jobs similar to "Finance Associate - General Partnership" Out for Undergrad.BAIN CAPITAL OVERVIEW
Bain Capital, LP is one of the world’s leading private investment firms with approximately $185 billion of assets under management that creates lasting impact for our investors, teams, businesses, and the 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 primarily be responsible for assisting with the treasury, accounting, tax and fair market value reporting functions for General Partner entities associated with the Private Equity, Venture, Crypto, Double Impact, Life Sciences, Tech Opportunities, Insurance and Real Estate business Units. 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 fair market value reporting, including supporting documentation for capital accounts, trial balances and other financial reconciliations
Quarterly tax estimates and annual tax books and reporting for the partnerships
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
Create reports for GP investors including fair market value, tax basis activity, and partnership investment reports
Interact with other teams within Finance to determine appropriate treatment of transactions and investment earnings
Work with all levels from Associates to Partners on projects to enhance the performance of the team, department, and firm
Opportunities for additional responsibilities where performance allows
GENERAL QUALIFICATIONS
1-2 years accounting experience in the financial service industry, with a solid understanding of investment partnerships preferred
Reliable and collaborative team member with strong sense of ownership and follow-through skills
Excellent project management and organizational skills; ability to effectively prioritize multiple projects with high attention to detail
Creative problem solving ability and sound judgment; ability to use own initiative and take responsibility for decisions and propose solutions
Strong interpersonal and communication skills with capacity to interact with all levels
Enjoys working in a service environment and understands the demands of a high paced, high quality firm
Ability to handle highly confidential and sensitive information with discretion
Works well independently and capitalizes on opportunities to learn and grow
Advanced MS Office, particularly Excel
DESIRED BACKGROUND/EDUCATION
·Bachelor’s degree in Accounting or Finance
·Public accounting, partnership and/or financial services experience a plus, 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.
This job is no longer accepting applications
See open jobs at Bain Capital.See open jobs similar to "Finance Associate - General Partnership" Out for Undergrad.