Job Description
Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $40 billion in capital across its Private Equity and Private Debt businesses.
POSITION SUMMARY:
Significant alignment with LPs has been one of the cornerstones of Audax’s strategy since the firm was founded. This alignment is achieved through the firm’s extensive co-invest program, through which employees, collectively, have been, and continue to be among the largest investors in nearly every Audax investment across all business units.
The Audax Co-Invest Finance Group is a team of 7 individuals responsible for the operational, accounting, tax, and reporting aspects of the co-invest portfolio. With significant investments across the entire Audax platform, the portfolio provides the team with the unique opportunity to gain exposure to all of the firm’s business units.
This position is responsible for all elements of accounting, reporting, and administration for Audax Co-Invest. The candidate will work with other team members to maintain a scalable accounting function that provides a consistently high level of support to the organization.
RESPONSIBILITIES:
Cash monitoring and reconciliation with bank on a daily basis
Record journal entries in accounting system on a daily basis for all investment activity in Co-Invest and General Partnership entities
Prepare capital calls and distributions based on Fund cash projections
Communicate with investors on a regular basis to provide documents related to capital activity, tax, compliance and account statements
Coordinate with management company team for reconciliation of payables
Communicate directly with bank representatives to maintain accounts and provide documentation for new accounts on an ad hoc basis
Assist with quarterly financial reporting and provide quarterly account statements to investors
Use DocuSign to produce Subscription documents for the Co-Investors
Work with investors to complete ad-hoc reporting requests
Close interaction with Business Solutions team and FP&A team to implement system solutions/efficiencies in relation to accounting systems and recurring reporting requests.
REQUIREMENTS/QUALIFICATIONS:
BS in Management with an advanced degree or certification a plus
1-3 years professional experience in fund accounting, alternative investment operations, or audit with primary focus on partnerships and investment
Advanced excel user with a high level of attention-to-detail
Experience with accounting software (Investran experience a plus)
Experience with online banking platforms and treasury management systems/applications preferred (experience with Bank of America CashPro, Kyriba a plus)
Understanding or experience with Private Equity or other alternative investment structures preferred
Strong organizational skills with the ability to manage and prioritize multiple workstreams in order to meet tight deadlines
Professional individual with strong interpersonal and communication skills, with the ability to effectively engage and lead a team and colleagues
Detail-oriented and able to research discrepancies
Audax Management Co. is an equal opportunity employer.
#J-18808-Ljbffr Audax Group
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