Finance Associate Visa Sponsorship Jobs in Massachusetts

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. Members of the team regularly collaborate with members of nearly every internal department in the company, including investment professionals from all business units, all internal finance departments, tax, legal, HR, compliance, and IT, as well as the firm’s outside advisors, including attorneys, banks, custodians, and accounting and tax professionals.

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. This team member will be responsible for the timely and accurate completion of daily, weekly, and quarterly accounting for various funds. This team member will also work closely with other internal teams to provide quarterly deliverables, assist in deal level allocations, and other internal ad-hoc requests.

The ideal candidate is a self-motivated team player who is able to materialize concepts into effective, concise and timely execution of work product. As Audax Co-Invest continues to grow, the position will evolve with the direction of business needs.

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. Assist in the testing and implementation of reporting solutions. Propose new reporting initiatives and projects as challenges/inefficiencies arise.

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

OTHER DUTIES:

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change, or new ones may be assigned at any time with or without notice.

For Massachusetts: The base salary range for this position is $72,000- $120,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.

Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.

This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.

Audax Management Co. is an equal opportunity employer.

Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.