Senior Finance Associate - Real Estate

Bain Capital Overview

With approximately $185 billion of assets under management, Bain Capital is one of the world's leading private investment firms. We create lasting impact for our investors, teams, businesses, and the communities in which we live. Over four decades we have strategically grown our platform to focus on Private Equity, Growth & Venture, Capital Solutions, Credit & Capital Markets, and Real Assets. Today, our team includes 1,880+ employees in 24 offices on four continents.

We partner differently to help people and companies embrace possibility and realize potential. Founded as a private partnership in 1984, we have fostered a culture of innovation, entrepreneurialism, and agility, empowering our people to define and own their career trajectories. Today, our partnership approach enables us to pursue strategic growth, build enduring relationships with a robust external network, and collaborate across our integrated platform to connect the deep and diverse expertise that unlocks breakthrough insights.

Our people are the heart of our advantage. Colleagues at all levels have a seat at the table as they tackle business challenges with a principal investor mindset. By asking incisive questions, respectfully challenging one another, and remaining intellectually agile, we work together to achieve exceptional outcomes.

Real Estate Overview

Bain Capital Real Estate was formed in 2018 and pursues investments in often hard-to-access sectors underpinned by enduring secular trends that drive long-term demand growth for real estate assets and services. The Bain Capital Real Estate team has been executing its strategy since 2010 (formerly as a part of Harvard Management Company), having invested and committed $9.8 billion of equity in over 600 assets across multiple sectors. Bain Capital Real Estate focuses on assets where the team applies its deep industry expertise to accelerate impact and drive operational improvements. Bain Capital Real Estate's strategy aligns with the value-added investment approach that Bain Capital pioneered and leverages the firm's global platform and significant experience across asset classes to further bolster its insights and sourcing capabilities.

Senior Associate Position Description

The Senior Associate will be a member of the BCRE Finance team and will be responsible for accounting and reporting oversight for a collection of direct real estate investments, as well as providing support for fund level accounting and reporting. Direct real estate investments include a wide range of asset sectors including life sciences / lab space, senior housing, self-storage, industrial - infill, medical office, multi-family, media / content space, etc.

This individual will be the finance and accounting contact for the investment team and will be expected to provide financial reporting insight on their assigned real estate investments. The Senior Associate will provide oversight and guidance to the accounting professionals who provide reporting information to the BCRE Finance team, including but not limited to : oversight of capital activity, review of monthly property accounting packages, review of quarterly fair value reporting packages, and direct involvement in the investment valuation and budgeting process.

This individual will work on the monthly, quarterly and annual accounting period closes for the real estate properties and funds, with additional emphasis on the quarterly and annual fair value reporting cycles. This process requires in-depth analysis and understanding of the real estate investments, including the documentation of significant matters on an ongoing basis.

The Senior Associate will play a pivotal role with a diverse set of responsibilities, including but not limited to the following :

• Ensure accurate accounting and reporting for real estate investments on a monthly and quarterly basis, including the review of quarterly promote and management fee calculations
• Regularly engage with joint venture partners to discuss ongoing operations and transactions from a financial perspective
• Collaborate with the fund administrator on various tasks, focusing primarily on the review process for quarterly and annual financial statements
• Perform a weekly Fund cash availability analysis to evaluate loan drawdowns and repayments with the BCRE Finance Associates
• Forecast, coordinate, and review investor level capital calls and distribution notices
• Review and analyze internal valuations and external appraisals of real estate investments, and prepare materials for the Valuation Committee
• Interact with and support the BCRE Investment, Portfolio Analytics, Tax, and Legal teams on financial matters with respect to real estate investments and Funds
• Coordinate with auditors for Fund level audits to ensure completeness and accuracy within the financial statements
• Review property budget submissions on an annual basis and investigate ongoing budget to actual variances
• Maintain the integrity of portfolio accounting systems and general ledger records
• Analyze and research current industry and accounting guidance applicability to the real estate portfolio and the accounting and reporting process
• Lead and engage in special projects to improve internal team processes and activities.

General Qualifications

We are actively seeking candidates with the following skills and qualifications :