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
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 t
Benefits
Equity / stock options
Additional Information
Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital.
For more information, visit the Audax Group website www.audaxgroup.com. or follow us on LinkedIn .
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.
Audaxgroup · Boston, MA