Senior Finance Associate - Accounts Receivable

BAIN CAPITAL OVERVIEW

With approximately $215 billion of assets under management, Bain Capital is one of the world’s leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit, and Real Assets. Today, our team includes 1,985+ employees in 24 offices on four continents. 

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes. 

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CORPORATE FINANCE GROUP

The Corporate Finance Group is a team of approximately twenty-five professionals responsible for revenue recognition, expense allocation, accounts receivable, accounts payable, accounting, and both internal and external reporting for the Global Management Company. Our Enterprise Risk Platform is Workday Financials. The Global Management Company consolidates operations across multiple Registered Investment Advisors.  including Private Equity, Ventures, Crypto, Credit, Special Situations, Real Estate, Tech Opportunities, Insurance, Life Sciences, and Double Impact, as well as entities across Asia, Europe, Australia, and India. Corporate Finance also partners closely with Tax, FP&A, Compliance, Legal and other Business Unit Finance groups across the Firm. Additional responsibilities include Cash Reporting (with key banking relationships including Bank of America and BBH) and Cash Forecasting.

POSITION DESCRIPTION

The Senior Finance Associate, as a member of the Corporate Finance team, is primarily responsible to own the process of allocating and invoicing private equity deal related costs between the Advisor and the private equity funds. The Senior Finance Associate shall develop and use subject matter expertise to manage and execute all aspects of the process, including the following key tasks:

• Act as lead business owner and main point of contact for the end-to-end cost allocation and invoice processes; responsible for all deliverables including the accuracy of all calculations and the completion of supporting tasks and schedules

• Work closely with key stakeholders (Global teams including Corporate Finance, Business Unit Finance, PE Operations, Compliance, Tax and Investment professionals) on points impacting the cost allocation and invoice processes

• Allocate dead deal costs and transaction fees between Advisor, private equity funds, business units, and outside parties using various data sources

• Prepare and deliver the fee and cost sharing invoices to the private equity funds, including supporting calculations and transaction detail

• Perform detailed and analytical reviews for accuracy of costs and allocations using the cost allocation system, general ledger and deal tracking system; research, resolve and document any discrepancies

• Use the cost allocation system throughout procedures to complete monthly system tasks, prepare reconciliations, input of data updates, review results, complete fund sharing calculations, compile invoices and for reporting deliverables

• Communicate with internal teams and outside service providers to prepare and deliver monthly and ad hoc reporting, field inquiries and provide additional explanations and data as needed

• Understand the private equity investment life cycle, prescribed cost sharing methodologies, limited partner agreement provisions, and tax guidance in order to ensure compliance throughout all processes

• Review and reconcile relevant general ledger transactions monthly

• Work closely with Corporate Finance team members for private equity deal-related costs, invoices, and reimbursements, coordinating proper cost sharing treatment, accurate general ledger coding,  journal entry posting, and invoicing outside parties

• Calculate cash forecast estimates, accrual estimates and prepare journal entries as needed

• Demonstrate use of internal controls by thoroughly documenting review and results

• Responsible for the cost allocation system to ensure its design, performance and calculations are correct in order to meet operational needs; working closely with IT to resolve system related issues and to implement enhancements and new functionality

• Oversee Corporate Finance Associate in the preparation of portfolio company invoices on a quarterly basis

• Oversee Corporate Finance Associate in the preparation of fund invoices on a quarterly basis

• Develop and refine essential procedures as business needs evolve

• Opportunities for additional responsibilities where performance allows

Qualifications

The ideal candidate will possess the following professional skills and experiences:

• 3-4 years of FP&A or accounting experience preferably in the financial services industry

• Bachelors degree in Finance or Accounting with a strong academic background

• Self-starter with strong project management and follow-through skills. Works well independently.

• Excellent organizational skills. Ability to effectively prioritize with a high attention to detail.

• Highly analytical and with strong problem-solving skills. Ability to use own initiative and take responsibility for decisions and solutions

• Strong interpersonal and communication skills (email and verbal) with ability to interact with all levels

• Strong Excel skills; experience with Anaplan and/or Workday a plus

Compensation:

Expected Annual Base Salary $85,000 – 95,000

Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.

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.