Audax Private Debt
Senior Associate, Financial Reporting & Valuation
Audax Private Debt, Boston, Massachusetts, us, 02298
Based in New York, Audax Private Debt is a leading debt capital partner for North American middle market companies. Since its inception in 2000, the firm has invested more than $42 billion in support of over 290 private equity sponsors. Audax Private Debt works collaboratively to build tailored financing solutions for its clients through a comprehensive range of offerings that includes first lien, stretch senior, unitranche, second lien, and subordinated debt, as well as equity co‑investments. Audax Private Debt is an experienced and trusted partner with senior leadership averaging more than 26 years in private credit and 15 years working together at the firm through multiple economic cycles.
POSITION SUMMARY The position is responsible for the financial reporting and accounting for Audax Private Debt based in Boston. The Senior Finance Associate is also a key contributor to the Private Debt valuation process and is responsible for the compliance and control processes related to several Private Debt Funds. Private Debt invests in debt securities of middle market companies backed by private equity sponsors via a variety of different investment vehicles. The candidate will work closely with the Valuation, Investor Relations, CLO, FP&A, Tax and Senior Debt Deal teams.
The ideal candidate is a self‑motivated and detail‑oriented team player who will thrive in a fast‑paced environment and must be able to prioritize and complete all projects with precision in a timely manner. As Audax Private Debt continues to grow, the position will evolve with the direction of the business’ needs.
RESPONSIBILITIES
Preparation and review of the monthly, quarterly, and annual financial statements, fund level returns and investor deliverables for various Private Debt funds
Work with the Investor Relations team in preparing fundraising materials and in providing information for investor requests, including fund performance data, fee information and underlying portfolio financial information
Prepare monthly and quarterly MD&A on fund performance for senior management
Contribute to the valuation process for debt, equity and CLO investments
Review fund administrator’s work on various Private Debt funds
Administration of assigned funds: prepare/review, coordinate, calculate capital calls and distributions
Work with the Tax team in preparing quarterly tax estimates as well as year‑end tax allocations
Track and update the portfolio of investments for the various Private Debt funds
Track interest payment receipts across portfolio team
Daily cash management, monitoring, and reconciliation with the bank
Take a lead role with the firm’s outside auditor in preparation/review of year‑end audited financials
Be available to provide timely communication to internal and external stakeholders on projects when required
Responsible for coaching and developing junior team members
COMPETENCIES
Advanced GAAP financial reporting experience
Effective communication skills and ability interact with Senior Management and outside parties
Strong organizational skills
Professional and energetic attitude
Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
Self‑starter with ability to work independently and in a team environment
Exemplary leadership skills
Ability to work in a fast‑paced environment and manage competing priorities
Demonstrated consistency in meeting deadlines with quality work product
REQUIREMENTS/QUALIFICATIONS
Bachelor’s Degree in Accounting/Finance with a CPA
5 plus years of experience, including public accounting, preferably focusing on alternative investment asset managers
Extensive experience with Private Equity/Debt valuation
SEC/BDC reporting and CLO experience is a plus
LOCATION Boston, MA. 3 days/week in office. These in‑office requirements may change based on the needs of the business.
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.
SALARY RANGE (FOR MASSACHUSETTS) The base salary range for this position is $99,000- $155,000. 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.
BENEFITS 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.
Audax Management Co. is an equal opportunity employer.
SENIORITY LEVEL Mid‑Senior level
EMPLOYMENT TYPE Full‑time
JOB FUNCTION Finance
INDUSTRIES Venture Capital and Private Equity Principals and Financial Services
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POSITION SUMMARY The position is responsible for the financial reporting and accounting for Audax Private Debt based in Boston. The Senior Finance Associate is also a key contributor to the Private Debt valuation process and is responsible for the compliance and control processes related to several Private Debt Funds. Private Debt invests in debt securities of middle market companies backed by private equity sponsors via a variety of different investment vehicles. The candidate will work closely with the Valuation, Investor Relations, CLO, FP&A, Tax and Senior Debt Deal teams.
The ideal candidate is a self‑motivated and detail‑oriented team player who will thrive in a fast‑paced environment and must be able to prioritize and complete all projects with precision in a timely manner. As Audax Private Debt continues to grow, the position will evolve with the direction of the business’ needs.
RESPONSIBILITIES
Preparation and review of the monthly, quarterly, and annual financial statements, fund level returns and investor deliverables for various Private Debt funds
Work with the Investor Relations team in preparing fundraising materials and in providing information for investor requests, including fund performance data, fee information and underlying portfolio financial information
Prepare monthly and quarterly MD&A on fund performance for senior management
Contribute to the valuation process for debt, equity and CLO investments
Review fund administrator’s work on various Private Debt funds
Administration of assigned funds: prepare/review, coordinate, calculate capital calls and distributions
Work with the Tax team in preparing quarterly tax estimates as well as year‑end tax allocations
Track and update the portfolio of investments for the various Private Debt funds
Track interest payment receipts across portfolio team
Daily cash management, monitoring, and reconciliation with the bank
Take a lead role with the firm’s outside auditor in preparation/review of year‑end audited financials
Be available to provide timely communication to internal and external stakeholders on projects when required
Responsible for coaching and developing junior team members
COMPETENCIES
Advanced GAAP financial reporting experience
Effective communication skills and ability interact with Senior Management and outside parties
Strong organizational skills
Professional and energetic attitude
Expert knowledge of Microsoft Office suite (Excel, Word, etc.)
Self‑starter with ability to work independently and in a team environment
Exemplary leadership skills
Ability to work in a fast‑paced environment and manage competing priorities
Demonstrated consistency in meeting deadlines with quality work product
REQUIREMENTS/QUALIFICATIONS
Bachelor’s Degree in Accounting/Finance with a CPA
5 plus years of experience, including public accounting, preferably focusing on alternative investment asset managers
Extensive experience with Private Equity/Debt valuation
SEC/BDC reporting and CLO experience is a plus
LOCATION Boston, MA. 3 days/week in office. These in‑office requirements may change based on the needs of the business.
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.
SALARY RANGE (FOR MASSACHUSETTS) The base salary range for this position is $99,000- $155,000. 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.
BENEFITS 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.
Audax Management Co. is an equal opportunity employer.
SENIORITY LEVEL Mid‑Senior level
EMPLOYMENT TYPE Full‑time
JOB FUNCTION Finance
INDUSTRIES Venture Capital and Private Equity Principals and Financial Services
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