Job Description
FIRM SPECIALTY FINANCE OVERVIEW
This Firm’s Specialty Finance is a business development company utilizing the significant experience and expertise of the Firm’s Credit’s Private Credit Group, which has over 20 dedicated professionals around the world who exclusively focus on middle-market investments. This scale enables the team to remain focused on sourcing and analyzing a large opportunity set, while remaining highly selective in approving credits. Our approach facilitates detailed focus on structuring, monitoring, and managing each of its current and prospective portfolio company investments.
THE FIRM’S CREDIT HEDGE OVERVIEW
This hedge is a leading global credit specialist with multi-billions in assets under management. The Firm’s Credit Hedge invests up and down the capital structure and across the spectrum of credit strategies, including leveraged loans, high-yield bonds, distressed debt, private lending, structured products, non-performing loans and equities. Their team of more than 200 professionals creates value through rigorous, independent analysis of thousands of corporate issuers around the world. In addition to credit, the Firm invests across asset classes including private equity, public equity and venture capital, and leverages the firm’s shared platform to capture opportunities in strategic areas of focus.
FIRM OVERVIEW
This Firm is one of the world’s leading private multi-asset alternative investment firms with over one hundred billion of assets under management that creates lasting impact for our investors, teams, businesses, and the communities in which we live. Since founding, they’ve applied their insight and experience to organically expand into several asset classes including private equity, credit, public equity, venture capital and real estate. They leverage their shared platform to capture cross-asset class opportunities in strategic areas of focus. With offices on four continents, their global team aligns their interests with those of their investors for lasting impact.
KEY RESPONSIBILITIES
Work directly in the preparation and/or review of various Business Development Companies’ (“BDCs”) reporting requirements which include some or all of the following:
· 10-Q and 10-K SEC filings
· Weekly performance reporting including returns, positioning, and attribution analysis
· Weekly dividend estimate
· Review and reconciliation of outside Administrator’s NAV package
· Materials for BDC Board of Directors
· Work with Investor Relations to prepare investor decks and earnings release
· Analytical review of quarterly balance sheets and income statements
· Close interaction with outside accountants to assist in their audit work
· Close interaction with third party service provider to document evidence of internal controls operating effectively
· Close interaction with legal team to ensure BDC’s remain in compliance with regulatory requirements
· Capital reporting to investors of Joint Ventures
· Frequent /Challenging / Unique Ad hoc requests
· Application of provisions described in complex legal documents for Joint Ventures (e.g. PPMs/LPA/IMAs) including:
o Capital Call Provisions
o Capital Allocations
o Carried Interest Allocations
o Distribution Provisions
o Management Fees
o Expenses (ability to charge as well as expense cap provisions)
o Investment Restrictions/Compliance
· 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, equities and structured products.
· Close interaction with deal staff to address any question that arises as part of the financial 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 Administrator when issues are discovered as part of the financial reporting process. Responsible for determining the root cause of the issues encountered, determining effective solutions, and then overseeing the implementation of those solutions.
GENERAL QUALIFICATIONS
· 2 – 4 years of public accounting, (financial services preferred), or other relevant work experience in a rigorous environment. BDC experience 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.
DESIRED BACKGROUND/EDUCATION
· Four-year college degree with a strong academic background.
· Major in accounting (preferred), finance and/or related degree.
· CPA or equivalent qualification a plus. Work toward or an interest in pursuing a CFA charter a plus.
Effective November 1, 2021, all new U.S. hires must be fully vaccinated against COVID-19 (e.g. 14 days past their final dose of the COVID-19 vaccine and if eligible, have received their COVID-19 booster) or have received a religious or medical exemption from the Firm’s Human Resources team.