Vice President - Tech Opps Finance
Company: Bain Capital
Location: Boston
Posted on: May 6, 2024
Job Description:
Vice President - Tech Opps Finance page is loaded Vice President
- Tech Opps Finance Apply locations Boston time type Full time
posted on Posted 30+ Days Ago job requisition id REQ_107083 BAIN
CAPITAL OVERVIEWBain Capital, LP is one of the world's leading
private multi-asset alternative investment firms with over $180
billion of assets under management that creates lasting impact for
our investors, teams, businesses, and communities in which we live.
Since our founding in 1984, we've applied our insight and
experience to organically expand into several asset classes
including private equity, public equity, fixed income, credit,
venture capital and real estate. We leverage our shared platform to
capture cross-asset class opportunities in strategic areas of
focus. With offices on four continents, our global team aligns our
interests with those of our investors for lasting impact. -Tech
Opportunities Overview Bain Capital Tech Opportunities aims to help
growing technology companies reach their full potential. We focus
on companies in large, growing end markets with innovative or
disruptive technology where we believe we can support
transformational growth. Our dedicated, tenured team has deep
experience supporting growing technology businesses-bringing
together differentiated backgrounds in private and public equity
investing as well as technology operating roles. We invest behind
fundamental long-term tailwinds as technology penetrates across
industries, creating a large and growing number of investment
opportunities. Our team focuses on four priority sub-verticals:
Application Software, Infrastructure & Security, Fintech &
Payments, and Healthcare IT. Bain Capital Tech Opportunities
launched in 2019 and is currently investing out of a $2.4 billion
Fund II. The team has expanded to over 30 investment professionals
across Boston, San Francisco and London and manages a portfolio of
17 active investments. KEY RESPONSIBILITIESThe Finance Vice
President is a key member of the Tech Opportunities team who will
provide strategic oversight and management of the entire Finance
function for this business. The Finance Vice President will be
accountable to and work in close partnership with Tech
Opportunities leadership and will report directly to the Bain
Capital Group Chief Financial Officer for Private Markets
Investing. -The Finance Vice President will be responsible for
managing all fiscal affairs of Tech Opportunities, including
reporting activities, cash management, financing activities, risk
management (including interest rate and currency hedging),
budgeting and forecasting, and managing the day-to-day operations
of the Finance team. The Finance Vice President will also assist
the investment team with transaction closing support, working with
internal and external legal and tax professionals. The Finance Vice
President will be expected to provide insight to the financial
strategy for reaching the business investment goals as well as
monitoring and analyzing all financial results while leading a team
of 2 finance professionals and a third-party Fund
Administrator.Specific position responsibilities will include, but
not be limited to, the following activities:
- Build / enhance a strong accounting and finance team to
successfully achieve the investment team's goals and
objectives
- Lead Team's Financial Reporting Function-Develop, implement and
ensure compliance with accounting policies and procedures
- Preparation of quarter-end and year-end financial reporting;
Quarterly US GAAP (Fair Value) Basis reporting; annual US GAAP
(Fair Value) Basis audit; Annual Tax Basis Book Preparation;
- Partner with investment and portfolio management team in
preparation of quarterly valuations
- Lead Team's Investment Support Function
- Understanding and documenting investment transactions; working
with deal staff and outside advisors on deal closings and harvest
transactions, assisting in transactional Due Diligence as
appropriate and advising on finance consequences of complex
investment transactions. -
- Working with internal tax department and external advisers
regarding tax implication of complex investment transactions
- Lead Control and Risk Management Function
- Cash flow management, capital calls and cash distributions-
fund capital calls and cash distributions, Fund liquidity and
borrowing under subscription line
- Risk Management-Implement and manage best-in-class programs
around corporate and cash controls, interest rate and currency
hedging program, etc. Analysis of various fund activities to ensure
compliance with investment team guidelines, partnership agreements,
loan documents.
- Development of internal portfolio analytics and forecasting to
drive business, provide portfolio insights and support IR
communications.
- Develop system of collecting and organizing portfolio company
data.
- Manage calculation of Fund Performance, hurdle and waterfall
-
- Responsible for creating and managing detailed track
record
- Collaborate with Investment team to assist in preparation of
presentation materials, information posted to investor website,
fundraising documents
- Responding to requests and inquiries of limited partners and
their representatives via telephone and email
- Drive Tech Opportunities strategic technology and data
initiatives in coordination with Bain investment and technology
teams. Manage and further develop asset management and financial
reporting software system.
- Select, negotiate terms, manage and partner with key fund
service providers and lenders including Fund Administrator,
subscription lenders, valuation consultants. Negotiate and
administer contracts with such service providers; assist in
negotiation of accounting/reporting and asset management
agreements.
- Work with Compliance on any regulatory reporting and audit
activities
- Partner with centralized Bain Capital functions: Firm FP&A,
Treasury, Coinvest, General Partner, Corporate, Tax.
-QUALIFICATIONSThe ideal candidate will possess the following
professional skills and experiences:
- Minimum 15-20 years of demonstrated relevant finance and
accounting experience [with at least five years' experience in a
lead role].
- BS or MBA in Finance or Accounting required; other additional
relevant advanced degree and/or certification such as a CPA or CFA
strongly preferred.
- Highly analytical and strategic thinker. Ability to translate
financial information into insights for business and firm
leadership, investor relations, and others as appropriate. -
- Demonstrated ability to prepare clear, accurate, well-organized
written and financial reports, and to communicate verbally in an
effective and concise manner with diverse audiences.
- Strong interpersonal skills and professional demeanor,
including demonstrated success in developing collegial and
consultative relationships with other colleagues.
- Ability to work in a fast-paced environment and drive multiple
projects/tasks simultaneously.
- Dedicated team player with a strong sense of ownership.
- Supervisory experience
- Experience in building and leading an accounting and finance
team Bain Capital is an equal opportunity employer. We are
committed to equal employment opportunity regardless of race,
color, ancestry, religion, sex, national origin, sexual
orientation, age, citizenship, marital status, disability, gender
identity or Veteran status. About UsBain Capital, LP - is one of
the world's leading private multi-asset alternative investment
firms that creates lasting impact for our investors, teams,
businesses, and the communities in which we live. Since our
founding in 1984, we've applied our insight and experience to
organically expand into several asset classes including private
equity, credit, public equity and venture capital. We leverage our
shared platform to capture cross-asset class opportunities in
strategic areas of focus. With offices on four continents, our
global team aligns our interests with those of our investors for
lasting impact. Transparency in Coverage - MRF Requirement All
personal data will be processed in accordance with the Bain Capital
EEA and UK Data Protection Notice. Click here for more information.
For job applicants in the United States, Bain Capital participates
in the E-Verify program and if hired will use E-Verify to confirm
your work authorization. For more information on E-Verify, please
refer to the -E-Verify Participation -and -Right to Work Notices
.
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Keywords: Bain Capital, Providence , Vice President - Tech Opps Finance, Accounting, Auditing , Boston, Rhode Island
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