Senior Associate, Co-Invest Finance

Senior Associate, Co-Invest Finance

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.

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.

Responsibilities:

• Responsible for accounting, reporting, and administration of Audax Co-Invest and General Partnership Funds, including quarterly financial statements, capital accounts, and weekly management reporting through Investran.
• Coordinate the year-end audit process, serving as liaison with external auditors and ensuring timely resolution of audit requests.
• Review and analyze financial information for combined reporting, valuation support, and disclosure requirements.
• Draft and review financial statement footnotes, including investment valuation disclosures (ASC 820), fair value hierarchy analysis, and related party disclosures.
• Prepare and review NAV calculations and investor capital account statements.
• Partner closely with the Tax team to deliver accurate capital allocations supporting quarterly estimates and tax payment calculations.
• Review of legal documents, including Limited Partnership Agreements, structure charts, and management services agreements.
• Coordination with management company team for reconciliation of payables.
• Communicate with investors on a regular basis to provide documents related to capital activity, tax, compliance and account statements.
• Work with investors to complete ad-hoc reporting requests.
• Close interaction with Business Solutions team and FP&A team to implement system solutions/efficiencies in relation to accounting systems and recurring reporting requests. Assist in the testing and implementation of reporting solutions. Propose new reporting initiatives and projects as challenges/inefficiencies arise.

Requirements/Qualifications:

• BS in Accounting with an advanced degree (CPA strongly preferred)
• 4-7 years professional experience including public accounting, preferably focusing on alternative investment asset managers
• Understanding or experience with Private Equity or other alternative investment structures preferred
• Experience with accounting software preferred (Investran experience a plus)
• Advanced excel user with a high level of attention-to-detail
• 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

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.

Location: Boston, MA. 3 days/week in office. These in-office requirements may change based on the needs of the business.

Base Salary Range for this position is $100,000- $130,000. 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.

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.