Senior Manager, Accounting Close - BDC Fund Accounting

Position Information

Hiring Manager:

Assistant Controller

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, preparation of quarterly financial statements on Form 10-Q or 10-K, production of 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 technical 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 Manager's responsibilities include, but are not limited to:

• Leading the accounting and financial reporting for one or more funds:

• Oversight of the month end close process, including the reconciliation of the portfolio level investment ledger to the GL

• Driving timely and accurate execution of the month-end close process, ensuring adherence to internal deadlines while proactively identifying and resolving bottlenecks, coordinating cross-functional team communication and implementing process improvements to enhance close efficiency and reporting quality

• Oversight of the calculation and booking of fund level expenses including management fees, incentive fees and accruals in accordance with GAAP and applicable Investment Advisory Agreements

• Reviewing and critically analyzing the preparation of the BDC fund's consolidated balance sheet, income statement and monthly reporting package, with a focus on identifying key variances and proactively challenging unusual trends or fluctuations

• Leading / assisting in investor level capital activity such as periodic capital calls, dividend distributions and IRR statements with self-administered funds

• Coordinating and managing third-party transfer agent activities associated with shareholder activity (new capital, dividend distributions and share redemptions), along with collaborating with internal teams and the transfer agent to address and resolve investor issues

• Ensuring the BDCs maintain RIC status for tax purposes throughout the year and at quarter-ends

• Oversight of the preparation and review of forecasts (monthly and quarterly) for senior management to provide preview of BDC performance before the month-end reconciliation process is completed including application of a thorough analytical review to identify key performance drivers, potential adjustments and unusual fluctuations in investment income

• Reviewing forecasts for the liquidity positions of one or more BDC funds to support debt and equity capital management, enhance investor returns and comply with BDC regulations

• Reviewing the Schedule of Investments and supporting schedules to provide specific portfolio company data used in footnotes, MD&A and investor presentations

• Reviewing / preparing various Board Materials for senior management

• Ensuring the execution of monthly and quarterly controls in accordance with firm's control matrix

• Coaching and developing junior team members

• Leading / assisting various ad-hoc projects and requests including, but not limited to: rating agency forecasts, testing of technology changes and upgrades, projections and metrics, proxy statement due diligence and filings related to fund level strategic initiatives

• Working closely with other Golub Capital shared services functions (e.g., Treasury, Operations, Tax, Portfolio Monitoring and Investor Communications) as it relates to the ongoing operational and reporting needs of the BDC Fund Accounting Team

• Leading / assisting the BDC Fund Accounting Team drive operational efficiencies and strong controllership throughout all processes

Candidate Requirements

Qualifications & Experience:

• Bachelor's degree required (Accounting or Finance)
• At least 7 - 10 years of relevant experience in financial services or a similar business is strongly desired (BDC / 40 Act mutual fund or ETF / private equity / leveraged finance / hedge fund or other industries that comply with the Investment Company Act of 1940)
• Public accounting experience is strongly desired and SEC experience is a plus
• CPA strongly encouraged
• Experience with preparation of GAAP based financial statements is strongly desired
• Proficiency in Excel, PowerPoint, Workday, Wall Street Office and similar packages is a strong plus
• Strong critical thinking skills and ability to operationalize complex agreements and account for investments, incentive fee arrangements and partner allocations
• 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 $110,000 to $170,000. 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.