Senior Finance Associate - CLO

BAIN CAPITAL CREDIT OVERVIEW

Bain Capital Credit is a leading global credit specialist with $48.3 billion in assets under management. We invest across the credit spectrum and in credit-related strategies, including leveraged loans, high-yield bonds, structured products, private middle market loans, bespoke capital solutions, distressed securities and assets, non-performing loans, hard assets, and equities. Since inception, we have made a cultural commitment to investor alignment. We are a private partnership and invest a significant amount of our own capital alongside our limited partners. We have approximately $969 million of employee co-investment committed across Bain Capital Credit funds as of June 30, 2024. Bain Capital Credit’s investment professionals are dedicated to sourcing, analyzing, documenting, and executing attractive credit opportunities across North America, Europe, and Asia-Pacic and are supported by robust operational and technical resources.

BAIN CAPITAL OVERVIEW

With approximately $185 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 & Capital Markets, and Real Assets. Today, our team includes 1,880+ 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. 

KEY RESPONSIBILITIES

Will include some or all of the following for Collateralized Loan Obligations and other fixed income funds:

• Oversight of all aspects of Indenture compliance and financial reporting including:

  • Daily analysis of investment activity and compliance reporting.

  • Monthly review of reconciliation with Trustee’s Indenture compliance reports.

  • Review of funds’ quarterly distributions.

  • Weekly performance reporting.

  • Assist in preparation of investor reports and requests.

  • Annual Financial Statements for tax returns.

  • Intercompany reporting (e.g. Investor Relations, Diligence, Bain Corporate, G.P., Coinvest, Compliance, Tax, Legal, and other Bain Capital  investment divisions)

  • Frequent / Challenging / Unique Ad hoc requests including trade recommendations for portfolio manager

  • Analysis of funds’ performance

  • Application of provisions described in complex legal documents (e.g. Indentures) including closing and modeling new funds.

• Oversight of all aspects of Credit Agreement compliance and reporting for various bespoke financing arrangements, which includes items listed in point above as well as:

• Borrowing base management and availability, ensuring compliance and timely funding of new investments.

• Stay abreast on the current pipeline of deals to anticipate cash needs and ensure best optimization.

• Frequent interaction with lenders and administrative agents throughout entire asset approval process, from initial asset approval request to borrowing base inclusion and cash advance.

• Oversight of all credit agreement financial covenants and compliance certificate reporting.

• Close interaction with Portfolio Management team to address issues surrounding investment objectives and constraints within each fund’s investment mandate. Responsible for having an understanding of asset classes owned within each fund, which may include bank loans, bonds, equities, credit default swaps, structured products and FX hedges.

• Close interaction with deal staff to address any question that arises as part of the reporting process.  Responsible for understanding the nature of their question and addressing accordingly either through providing additional information as needed or developing new solutions to address their needs.

• Close interaction with Operations and outside Administrators when issues are discovered as part of the reporting process.  Responsible for determining the root cause of the issues encountered, determining effective solutions, and then overseeing the implementation of those solutions. 

• Close interaction with Investor Relations to address any questions from investors.

• Close interaction with internal IT and outside consultants to achieve implementation of systematic solutions/efficiencies in relation to compliance and accounting systems and recurring reporting requests.  Assist in the design of solutions, as well as ownership of the user acceptance testing and implementation of solutions.  Propose new initiatives as challenges/inefficiencies arise.

• Interaction with tax accountants for the preparation of tax returns and K-1’s / PFICs.

GENERAL QUALIFICATIONS

• 2+ years of work experience in a rigorous environment. Prior experience with CLOs or other structured products a plus.

• Tax or audit experience in public accounting a plus.

• Strong ability to prioritize multiple responsibilities and work under tight deadlines.

• Self-starter with initiative. Ability to work unsupervised.

• Strong analytical problem-solving skills.

• Strong interpersonal skills with capacity to interact with outside parties and personnel across all levels of the firm.

• Ability to decipher complex legal documents.

• Dedicated team player with a strong sense of ownership and follow-through skills

• Detail-oriented, conscientious and energetic professional.

• Strong Excel skills including the ability to develop efficient Excel templates from scratch.  Experience with macros not needed.

• Strong ability to think outside the box to develop solutions to Frequent / Challenging / Unique Ad hoc requests in order to deliver the desired result/information when quite often starting from a blank slate.

REQUIRED EDUCATION

• Four-year college degree with a strong academic background.

• Major in accounting, finance and/or related degree preferred.

• CPA or equivalent qualification a plus.  Work toward or an interest in pursuing a CFA charter a plus. 

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.