Job Description
Position Information Hiring Manager: Manager
Department: BDC Fund Accounting
Department Overview The BDC Fund Accounting Department is responsible for the financial and investor reporting associated with Golub Capital's Business Development Companies ("BDCs") which includes Golub Capital BDC, Inc. (NASDAQ: GBDC), Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, Golub Capital BDC 4, Inc., and Golub Capital Private Credit Fund. The team provides accounting and SEC reporting for the BDCs and their subsidiaries pursuant to the governing operating and investment management agreements and in accordance with United States Generally Accepted Accounting Principles. BDC 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 within the group include monthly closes and ongoing maintenance of each BDC's general ledger; preparation of monthly internal management reports, quarterly financial statements on Form 10-Q or 10-K and quarterly investor reporting; support of annual external audits; forecasting fund performance; setup and ongoing maintenance of investor capital accounts for Golub Capital Direct Lending Corporation, Golub Capital Direct Lending Unlevered Corporation, and Golub Capital BDC 4, Inc., and coordinating I.T. system implementations while focusing on process automation. The BDC Fund Accounting Department interacts extensively with Golub Capital's Operations, Treasury, Tax, Investor Relations, Business Development, Compliance, Technology Solutions and Valuation Teams.
Position Responsibilities
The Senior Financial Analyst is an important role within the BDC Fund Accounting Team as it seeks to support a growing Firm, build a world class, customer focused, finance team and drive operational excellence. While reporting to a manager, the Senior Financial Analyst will also work closely with senior management and CFO of the BDC Funds.
Primary duties and responsibilities include:
- Working with the Treasury Team to continuously prepare liquidity analyses of all BDC funds to:
- Ensure sufficient liquidity exists to fund new investments
- Ensure funds are following leverage targets as outline in Private Placement Memorandums and Form 10
- Optimize returns for investor through timely capital calls and communications with Investor Communications
- Ensure compliance as a Regulated Investment Company ("RIC")
- Plan and analyze debt capacity for levered funds
- Analyze strategic debt initiatives such as launching new secured revolving debt facilities, CLO's or other debt vehicles
- Raise potential liquidity issues to senior management on the BDC Team, suggest potential solutions and participate in issue resolution
- Preparing, gaining an understanding of and providing insight into fund level analysis including, but not limited to, performance metrics, portfolio company data, yield analyses, income sensitivity and earnings projections Supporting BDC Financial Reporting Team in providing information and support for the Firm's independent auditors
- Assisting in preparation of quarterly board materials and supporting schedules including quarterly modeling for dividend recommendations, plan to actual return analysis and forecasted annual plans
- Assisting in creating and maintaining streamlined quarterly forecasting process by responding effectively to investors, Management Team and preparing a detailed summary of schedule of investments with main drivers
- Manipulating and analyzing data to produce financial, accounting, reporting deliverables and analysis
- Consistently utilizing technological / analytical skills to develop new reporting and automating current reports through Power BI
- Assisting in various ad-hoc projects and requests
Candidate Requirements Qualifications & Experience:
- Bachelor's degree in a relevant subject (Accounting or Finance preferred)
- Certified Corporate FP&A Professional ("FPAC") / CPA / CFA / CAIA is strongly desired
- 4 - 7 years of relevant experience in a similar analytical role manipulating large amounts of data
- Understanding of Financial Company Balance Sheets, Income Statements, Statement of Cash Flows and consolidation of entities required
- High level in Excel required and proficiency in PowerPoint is a strong plus
- Understanding of financial metrics (leverage calculations, portfolio return calculations, IRR and performance metrics) required
- Understanding of Power BI a plus
- Strong written and verbal communication skills
- Understanding of various debt facilities a plus
- Strong analytical skills and ability to operationalize complex agreements and account for investments, incentive fee arrangements and partner allocations
- Understanding of various debt facilities a plus
- Proficiency in Workday, Workiva, Adaptive, Wall Street Office and similar packages is a strong plus
- 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.
- 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.
- 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 other metrics to produce accurate work products and generate insights.
- Industry and 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 industry regulations and changes and recognizes their relevancy and implications.
- Investor Focus and Communications: Demonstrates an understanding of investor interests, deliverables and communications.
- Communication and Documentation: Documents processes and procedures and communicates in area of specialty to 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 $89,000 - $140,000. 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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