Job Description
Position Information Hiring Manager: Senior Manager
Department: Fund Accounting
Department Overview The Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital's private (e.g., non-Business Development Company) investment funds and vehicles. The team provides accounting and / or reporting for internal vehicles, limited partnerships and separately managed accounts pursuant to the governing limited partnership and investment management agreements and, where appropriate, in accordance with United States Generally Accepted Accounting Principles. Fund Accounting also provides Golub Capital's management companies and leadership with reporting and analysis in support of existing business and new initiatives. Key responsibilities include the daily verification of cash payments; reconciliation of positions; set up and ongoing maintenance of investment vehicles / capital accounts; monthly closes and ongoing maintenance of each fund's general ledger; production of quarterly financial and investor reporting; support of annual external audits of approximately 30 financial statements; forecasting fund performance; and producing management and regulatory reporting. To accomplish these responsibilities, Fund Accounting has sub-teams that focus on Loan Accounting, Private Funds, PEARLS (institutional funds and separately managed accounts) and Reporting. The Fund Accounting Department interacts extensively with Golub Capital's Operations, Treasury, Tax, Investor Communications, Corporate Strategy and Development, Business Development, Compliance and Valuation Teams.
Position Responsibilities This Operations Accountant will ensure that the investment income due to the Firm is received and reconciled in a timely manner and that the investment activity is posted to the Firm's General Ledger (GL) system accurately. This individual will reconcile accounts from multiple institutions, identify and escalate reconciling items and will act as a liaison between the Operations and Fund Accounting Departments. This position involves extensive coordination between Loan Closers, Portfolio Administrators and Fund Accountants.
Primary duties and responsibilities include, but are not limited to:
- Reconcile daily bank cash activity
- Prepare, reconcile and book GL entries
- Collaborate with Portfolio Administrators to manage accounting system Wall Street Office (WSO) entries
- Prepare management reports as requested
- Provide operational support to Managers, Analysts and Fund Accountants as needed
- Support ad-hoc and special client or business driven projects as directed by team leader and firm management
Candidate Requirements Qualifications & Experience:
- Bachelor's degree in accounting, finance or related field required
- 2+ years of relevant work experience in similar industry
- 1+ year of operations / accounting experience in a similar business area (private equity, leveraged finance, hedge fund or similar) is strongly preferred
- Strong Excel skills required
- Proficiency in WSO (Wall Street Office), Workday or other similar applications is a strong plus
- Strong account reconciliation skills and GL experience in banking or lending
- Enthusiastic about working in office and creating a Gold Standard hybrid work culture
Critical Competencies for Success Our Gold Standards Model defines key behaviors and competencies across 4 dimensions: Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.
- Leadership: Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
- Achieving Results: Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
- Personal Effectiveness: Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.
- Thinking Critically: Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
The
department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.
- GAAP and Internal Policy: Ensures deliverables and processes are executed in accordance with internal procedures, policy and Generally Accepted Accounting Principles ("GAAP").
- Financial Analysis: Leverages financial policies, accounting principles, technology, financial analytics and metrics to produce accurate work products and generate insights.
- Firm / Product Knowledge: Demonstrates an understanding of the Firm's position in the industry, including its products, complex structure and competitive advantage in the marketplace. Monitors industry trends and changes and recognizes their relevancy and implications.
- Client and Investor Focus: Demonstrates an understanding of investor interests and deliverables and frames decisions with the investor's view in mind.
- Innovative Mindset: Leverages a detailed, agile and creative mindset to master processes and responsibilities, as well as drive value-added enhancements, continuous process improvement and proactive learning through new technology, processes and people.
- Communication and Documentation: Documents processes and procedures and communicates to relevant stakeholders. Adapts the level of detail and specificity based on the needs of the intended audience.
Compensation & Benefits For Illinois Only: It is expected that the base salary range for this position will be $72,000 - $115,000. Actual salaries may vary based on factors such as skills, experiences and qualifications for the role. The total compensation package for this position may also include other elements and discretionary awards in addition to a full range of medical, financial and / or other benefits (including 401(k) eligibility and various paid time off benefits such as vacation, sick time and parental leave) dependent on the position offered. Details of participation in these benefit plans will be provided if an employee receives an offer of employment. If hired, the employee will be in an 'at-will position' and the Firm reserves the right to modify base salary (as well as any other discretionary payment or compensation program) at any time including for reasons related to individual performance, Firm or individual department / team performance and market factors.
Golub Capital is an Equal Opportunity Employer.
Due to the highly regulated nature of Golub Capital's business and because of the sensitivity of the information that all personnel have access to, Golub Capital performs extensive and thorough pre-hire screens to ensure that its personnel act with expected levels of integrity, professionalism and personal responsibility. Golub Capital
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