Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $40 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and approximately 180 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.
Audax Private Debt invests in established middle market companies through first lien, stretch senior, unitranche, second lien, subordinated debt, and equity co-investment solutions. We work collaboratively to build financing solutions shaped to meet the needs of our private equity clients, capital partners, and investors. Since 2000, we've invested over $37 billion across our debt vehicles. For more information, visit the Audax Private Debt website www.audaxprivatedebt.com.
POSITION SUMMARY:
As the BDC Controller, you are responsible for managing and overseeing all financial aspects of the Business Development Company, supporting the ongoing management of various direct lending platforms. This includes financial reporting, budgeting, forecasting, and ensuring compliance with financial regulations. The role requires strong analytical skills, attention to detail, and the ability to work closely with senior management to drive financial performance and strategic initiatives. This position will provide financial support to Private Debt Origination, FP&A, Tax, and Investor Relations teams through the timely and accurate completion of investment and financial reporting, compliance with accounting standards and legal requirements, and review of financial and operational controls.
RESPONSIBILITIES:
- Drive and manage day-to-day accounting, administration, and reporting of the business development company, reporting to the CFO and senior leadership
- Prepare analysis of fund performance and key fund metrics, tracking returns and delivering regular management updates
- Lead month-end and quarterly close process, including completing NAV packages with all the relevant supporting documentation, calculating performance figures, assisting with corporate and regulation SEC reporting.
- Monitor compliance with the SEC and IRS regulatory needs applicable to BDCs and ensure coordination with legal, compliance and tax teams
- Preparation/review of all required SEC filings including 10-K, 10-Q, Form 10, Form 497, N-2, 8-K and other financial reports.
- Performing research on new transactions and new accounting pronouncements and assess their impact on financial statements
- Partnering with other internal teams, ensure consistency between accounting systems and administrator data and accurate reporting of fund investments and P& L
- Lead and manage discussion with various vendors and third-party providers of services including sub-administrators, custodians, transfer agents and valuation firms.
- Identify and analyze daily cash activity for various fund entities and coordinate with administrator and the deal team for activities.
- Verify portfolio pricing to internal model and third-party sources. Supervision of third-party valuation firms on quarterly valuation process in partnership with Audax Private Debt’s valuation team.
- Coordinate with the Investor Relations team to ensure timely and accurate response to inquiries from existing and prospective investors; support marketing efforts around business development
- Collaborate with the FP&A group and provide information to develop complex analyses in support of management initiatives and quarterly valuation process.
- Reporting directly to the chief financial officer, assist with special projects and ad hoc requests as needed
COMPETENCIES:
- Ability to work in a fast-paced environment
- Professional individual with excellent communication skills
- Ability to prioritize several tasks at one time and meet tight deadlines
- Ability to interact with Senior Management
REQUIREMENTS/QUALIFICATIONS:
- Bachelor’s degree in Finance, Accounting, or a related field. A Master’s degree or professional certification (e.g., CPA, CFA) is preferred.
- 10+ years of experience, including public accounting, preferably focusing on alternative investment asset managers
- Thorough understanding of loans. Previous experience with alternative investments, BDC/Registered Funds or CLOs is a must.
- Previous experience evaluating process controls, procedures, and flows
- Previous experience with valuation of illiquid and liquid assets
- Strong organizational skills with the ability to multitask and prioritize workload
- Strong interpersonal and communication skills
LOCATION: New York, New York. 4 days/week in office. These in office requirements may change based on the needs of the business.
For New York City only: The base salary range for this position is [$150,000- $225,000]. 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.
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.
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.
Audax Management Co. is an equal opportunity employer.
Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.
