Golub Capital
Senior Manager, Accounting Close - BDC Fund Accounting
Golub Capital, Chicago, Illinois, United States, 60290
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Senior Manager, Accounting Close - BDC Fund Accounting
role at
Golub Capital
Overview The BDC Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital’s Business Development Companies (BDCs), including Golub Capital BDC, Inc. (NASDAQ: GBDC), Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, Golub Capital BDC 4, Inc. and Golub Capital Private Credit Fund. The team provides accounting and SEC reporting for the BDCs and their subsidiaries under governing operating and investment management agreements and in accordance with United States Generally Accepted Accounting Principles. BDC Fund Accounting also provides Golub Capital’s management companies and leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities within the group include monthly closes and ongoing maintenance of each BDC’s general ledger; preparation of monthly internal management reports, preparation of quarterly financial statements on Form 10-Q or 10-K, production of quarterly investor reporting; support of external audits; forecasting fund performance; setup and ongoing maintenance of investor capital accounts for Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation and Golub Capital BDC 4, Inc. and coordinating technical system implementations while focusing on process automation. The BDC Fund Accounting Department interacts extensively with Golub Capital’s Operations, Treasury, Tax, Investor Relations, Business Development, Compliance, Technology Solutions and Valuation Teams.
Position Information Hiring Manager: Assistant Controller
Department: BDC Fund Accounting
Position Responsibilities The Senior Manager’s responsibilities include, but are not limited to:
Leading the accounting and financial reporting for one or more funds
Oversight of the month end close process, including the reconciliation of the portfolio level investment ledger to the GL; driving timely and accurate execution of the month-end close process; coordinating cross-functional team communication; implementing process improvements to enhance close efficiency and reporting quality
Oversight of the calculation and booking of fund-level expenses including management fees, incentive fees and accruals in accordance with GAAP and applicable Investment Advisory Agreements
Reviewing and analyzing the preparation of the BDC fund’s consolidated balance sheet, income statement and monthly reporting package, with a focus on variances and unusual trends
Leading or assisting in investor-level capital activity such as periodic capital calls, dividend distributions and IRR statements with self-administered funds
Coordinating and managing third-party transfer agent activities associated with shareholder activity; collaborating with internal teams and the transfer agent to address investor issues
Ensuring the BDCs maintain RIC status for tax purposes throughout the year and at quarter-ends
Overseeing the preparation and review of forecasts (monthly and quarterly) for senior management, including analytical review to identify drivers and potential adjustments
Reviewing liquidity forecasts for one or more BDC funds to support debt and equity capital management and compliance with BDC regulations
Reviewing the Schedule of Investments and supporting schedules for portfolio company data used in footnotes, MD&A and investor presentations
Reviewing or preparing Board Materials for senior management
Ensuring the execution of monthly and quarterly controls in accordance with the firm’s control matrix
Coaching and developing junior team members
Leading or assisting ad-hoc projects and requests, including rating agency forecasts, technology testing and upgrades, projections and metrics, proxy statement due diligence and filings related to fund-level strategic initiatives
Collaborating with Golub Capital shared services functions (e.g., Treasury, Operations, Tax, Portfolio Monitoring and Investor Communications) for ongoing operational and reporting needs of the BDC Fund Accounting Team
Leading or assisting the BDC Fund Accounting Team in driving operational efficiencies and strong controllership across processes
Qualifications Qualifications & Experience:
Bachelor’s degree required (Accounting or Finance)
7–10 years of relevant experience in financial services or a similar environment (BDC/40 Act mutual fund or ETF/ private equity/ leveraged finance/ hedge funds or other industries that comply with the Investment Company Act of 1940)
Public accounting experience is strongly desired; SEC experience is a plus
CPA strongly encouraged
Experience with GAAP-based financial statements is strongly desired
Proficiency in Excel, PowerPoint, Workday, Wall Street Office and similar packages is a strong plus
Strong critical thinking skills and ability to operationalize complex agreements and account for investments, incentive fee arrangements and partner allocations
Enthusiastic about working in office and creating a Gold Standard hybrid work culture
Critical Competencies for Success Our Gold Standards Model defines key behaviors and competencies across four dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors drive our ability to win together.
Leadership: Role models focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
Department-specific competencies
Innovative Mindset: Leverages a detailed, agile and creative mindset to master processes and responsibilities, as well as drive value-added enhancements, continuous process improvement and proactive learning through new technology, processes and people.
GAAP and Internal Policy: Ensures deliverables and processes are executed in accordance with internal procedures, policy and Generally Accepted Accounting Principles (GAAP).
Financial Analysis: Leverages financial policies, accounting principles, technology, financial analytics and other metrics to produce accurate work products and generate insights.
Industry and Firm / Product Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its products, complex structure and competitive advantage in the marketplace. Monitors industry trends and industry regulations and changes and recognizes their relevancy and implications.
Investor Focus and Communications: Demonstrates an understanding of investor interests, deliverables and communications.
Communication and Documentation: Documents processes and procedures and communicates in area of specialty to stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
Compensation & Benefits For Illinois Only: It is expected that the base salary range for this position will be $110,000 to $170,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an at-will position and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.
Golub Capital is an Equal Opportunity Employer.
Due to the highly regulated nature of Golub Capital’s business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.
Location Chicago, IL
Seniority level Mid-Senior level
Employment type Full-time
Job function Accounting/Auditing and Finance
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Senior Manager, Accounting Close - BDC Fund Accounting
role at
Golub Capital
Overview The BDC Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital’s Business Development Companies (BDCs), including Golub Capital BDC, Inc. (NASDAQ: GBDC), Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, Golub Capital BDC 4, Inc. and Golub Capital Private Credit Fund. The team provides accounting and SEC reporting for the BDCs and their subsidiaries under governing operating and investment management agreements and in accordance with United States Generally Accepted Accounting Principles. BDC Fund Accounting also provides Golub Capital’s management companies and leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities within the group include monthly closes and ongoing maintenance of each BDC’s general ledger; preparation of monthly internal management reports, preparation of quarterly financial statements on Form 10-Q or 10-K, production of quarterly investor reporting; support of external audits; forecasting fund performance; setup and ongoing maintenance of investor capital accounts for Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation and Golub Capital BDC 4, Inc. and coordinating technical system implementations while focusing on process automation. The BDC Fund Accounting Department interacts extensively with Golub Capital’s Operations, Treasury, Tax, Investor Relations, Business Development, Compliance, Technology Solutions and Valuation Teams.
Position Information Hiring Manager: Assistant Controller
Department: BDC Fund Accounting
Position Responsibilities The Senior Manager’s responsibilities include, but are not limited to:
Leading the accounting and financial reporting for one or more funds
Oversight of the month end close process, including the reconciliation of the portfolio level investment ledger to the GL; driving timely and accurate execution of the month-end close process; coordinating cross-functional team communication; implementing process improvements to enhance close efficiency and reporting quality
Oversight of the calculation and booking of fund-level expenses including management fees, incentive fees and accruals in accordance with GAAP and applicable Investment Advisory Agreements
Reviewing and analyzing the preparation of the BDC fund’s consolidated balance sheet, income statement and monthly reporting package, with a focus on variances and unusual trends
Leading or assisting in investor-level capital activity such as periodic capital calls, dividend distributions and IRR statements with self-administered funds
Coordinating and managing third-party transfer agent activities associated with shareholder activity; collaborating with internal teams and the transfer agent to address investor issues
Ensuring the BDCs maintain RIC status for tax purposes throughout the year and at quarter-ends
Overseeing the preparation and review of forecasts (monthly and quarterly) for senior management, including analytical review to identify drivers and potential adjustments
Reviewing liquidity forecasts for one or more BDC funds to support debt and equity capital management and compliance with BDC regulations
Reviewing the Schedule of Investments and supporting schedules for portfolio company data used in footnotes, MD&A and investor presentations
Reviewing or preparing Board Materials for senior management
Ensuring the execution of monthly and quarterly controls in accordance with the firm’s control matrix
Coaching and developing junior team members
Leading or assisting ad-hoc projects and requests, including rating agency forecasts, technology testing and upgrades, projections and metrics, proxy statement due diligence and filings related to fund-level strategic initiatives
Collaborating with Golub Capital shared services functions (e.g., Treasury, Operations, Tax, Portfolio Monitoring and Investor Communications) for ongoing operational and reporting needs of the BDC Fund Accounting Team
Leading or assisting the BDC Fund Accounting Team in driving operational efficiencies and strong controllership across processes
Qualifications Qualifications & Experience:
Bachelor’s degree required (Accounting or Finance)
7–10 years of relevant experience in financial services or a similar environment (BDC/40 Act mutual fund or ETF/ private equity/ leveraged finance/ hedge funds or other industries that comply with the Investment Company Act of 1940)
Public accounting experience is strongly desired; SEC experience is a plus
CPA strongly encouraged
Experience with GAAP-based financial statements is strongly desired
Proficiency in Excel, PowerPoint, Workday, Wall Street Office and similar packages is a strong plus
Strong critical thinking skills and ability to operationalize complex agreements and account for investments, incentive fee arrangements and partner allocations
Enthusiastic about working in office and creating a Gold Standard hybrid work culture
Critical Competencies for Success Our Gold Standards Model defines key behaviors and competencies across four dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors drive our ability to win together.
Leadership: Role models focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
Department-specific competencies
Innovative Mindset: Leverages a detailed, agile and creative mindset to master processes and responsibilities, as well as drive value-added enhancements, continuous process improvement and proactive learning through new technology, processes and people.
GAAP and Internal Policy: Ensures deliverables and processes are executed in accordance with internal procedures, policy and Generally Accepted Accounting Principles (GAAP).
Financial Analysis: Leverages financial policies, accounting principles, technology, financial analytics and other metrics to produce accurate work products and generate insights.
Industry and Firm / Product Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its products, complex structure and competitive advantage in the marketplace. Monitors industry trends and industry regulations and changes and recognizes their relevancy and implications.
Investor Focus and Communications: Demonstrates an understanding of investor interests, deliverables and communications.
Communication and Documentation: Documents processes and procedures and communicates in area of specialty to stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
Compensation & Benefits For Illinois Only: It is expected that the base salary range for this position will be $110,000 to $170,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an at-will position and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.
Golub Capital is an Equal Opportunity Employer.
Due to the highly regulated nature of Golub Capital’s business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility.
Location Chicago, IL
Seniority level Mid-Senior level
Employment type Full-time
Job function Accounting/Auditing and Finance
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