Finance Manager - Real Estate Job at Bain Capital, Boston, MA

  • Bain Capital
  • Boston, MA

Job Description

BAIN CAPITAL OVERVIEWWith approximately $225 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 2,000+ 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. BAIN CAPITAL REAL ESTATE OVERVIEWSince 2010, senior members of the Bain Capital Real Estate (“BCRE”) team have refined a thematic and nimble business model, focused on thesis-driven and resilient portfolio construction, designed to capture long-term demand growth and changing customer needs and preferences for real estate. Our team, which is led by Ryan Cotton, Partner, and comprises more than 100 dedicated professionals, has been thoughtfully constructed to capture market opportunities at scale. To date, our strategy has been utilized for the acquisition of more than 730 assets with total equity commitments of $11.8 billion. This includes, but is not limited to, acquisitions across BCRE Fund I ($1.5 billion, 2018 vintage), BCRE Fund II ($3.0 billion, 2020 vintage), BCRE Fund III ($3.4 billion, 2023 vintage), and the BCRE Life Science Fund (~$800 million, 2021 vintage), value-add real estate funds focused predominantly on thematic investments in North America. We believe that while our business model is built to succeed in a broad range of environments, it is particularly well suited for the current period of volatility. For more information, visit .MANAGER POSITION DESCRIPTIONThe Manager will be part of the BCRE Finance team and will be responsible for the accounting and reporting oversight for investment fund reporting and a sub-portfolio of direct real estate investments, including involvement in team initiatives such as valuations, process enhancements and the annual budget process. Direct real estate investments include a wide range of asset sectors including retail, life sciences / lab space, senior housing, self-storage, industrial - infill, medical office, multi-family, media / content space, etc. This individual will be the financial and accounting partner to other BCRE teams — including Legal, Tax, Investment, Compliance, Asset Management, Investor Relations, Capital Markets, and Portfolio Analytics — and will be expected to provide financial and accounting insight for assigned investments within their portfolio. The Manager will provide oversight and guidance related to assigned fund vehicles and assigned investments, including cash movements, quarterly accounting packages from subsidiary joint ventures, fund and investor reporting, and complex transactions such as ownership transfers and partial sales. BCRE Funds report on a fair value basis and follow the REIS non-operating model, and the Manager is responsible for understanding and applying that framework within their portfolio.This individual will work closely with the BCRE Finance team to execute the quarterly close of their assigned fund vehicles and direct real estate investments. This process requires in-depth analysis and understanding of the real estate portfolio and complex fund structures, including the documentation of significant matters on an ongoing basis. An important component of this process is the continuous communication and support of the investment team’s need for relevant and timely financial information.The responsibilities of the Manager will include, but not be limited to, the following:Reporting & Technical AccountingOverseeing fund-level quarterly and annual financial reporting, including Yardi-based fair value US GAAP reporting, through review of underlying workpapers and investment activityAnalyzing and reviewing promote, and management fee calculations, including non-recurring transactions such as ownership transfers or complex salesAnalysis of investment and fund activities to ensure compliance with governing documentsResearching current industry guidance and its applicability to the real estate portfolioCash & TransactionsAnalyzing fund-level cash positions and anticipating upcoming needs, including the coordination of investor capital calls and distributionsCoordinating with BCRE team members on acquisitions, dispositions, and refinancingsCollaborate internally and externally to ensure timely funding of capital needs across assigned investmentsExternal & Audit CoordinationCoordinating with the fund administrator on a variety of tasks, including the set-up of future real estate investments and the financial statement review processFacilitating annual fund-level audit through coordination of deliverables and prompt responsiveness to auditor requestsFacilitating communication with JV partners to obtain relevant accounting detail and insight into the accounting and valuation processSupporting other BCRE teams on portfolio investment matters, and valuation and finance related issuesPeople & ProcessProviding oversight and coaching to junior team members on various tasksContributing to overall efficiency and process improvement initiatives, including AI enablementAddressing investor inquiries, including the preparation and review of investor-specific deliverablesGENERAL QUALIFICATIONSWe are actively seeking candidates with the following skills and qualifications:Five to eight years of relevant accounting experience within the real estate industry (preferably experience working at a real estate investment manager)Bachelor of Science degree in Accounting. CPA designation is strongly preferredStrong understanding of real estate valuation, portfolio operations, and financial reporting mattersFund reporting and/or public accounting experience is preferredGeneral understanding of Real Estate Investment Trusts (REITs)Proficiency with fair value reporting and promote calculationsExperience in Yardi is preferred, but not requiredDemonstrated process improvement mindset, including use of IT tools and AIKnowledge and demonstrated interest in financial markets and productsStrong communication skills, including the ability to communicate effectively internally and externallyDemonstrated commitment to coaching and mentoring junior staffAbility to work under pressure and meet deadlinesMust be extremely detail oriented and demonstrate a high degree of professionalism and self-motivationCompensation:Expected Annual Base Salary $130,000 – 150,000Actual base salary will be determined by a wide range of factors including but not limited to role, function, level, experience, qualifications and geographic location. In addition to a competitive base salary, this position may be eligible for a discretionary annual bonus based upon factors such as individual impact, team and firm performance. Bain Capital offers a competitive benefits package designed to support employees’ health, financial security, family needs, and overall well-being.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.SummaryLocation: BostonType: Full time

Job Tags

Full time, Work at office

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