Director , BDC Operations & Reporting

Barings · Charlotte, NC

Company

Barings

Location

Charlotte, NC

Type

Full Time

Job Description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.

We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Director, BDC Operations & Reporting

Business Unit: Corporate Accounting

Location: Charlotte, NC/ Boston, MA/ New York, NY/ Chicago, IL

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

Job Summary

This position is responsible for supporting the timely and accurate reporting of BBDC, BPCC and BCIC 10-Q/K with the SEC and support the PAO in the day-to-day operations of the BDCs. Position will require an analytical person who can process and review information for the inclusion in publicly filed documents with the SEC, board of director meetings and investor presentation. Position will also require a person with strong ability to multitask and juggle different work activities and shift attention from one task to another. The position will reside in our corporate headquarters in Charlotte, NC, reporting to the Head of Public Fund Accounting/PAO.

A Business Development Company ("BDC") is a closed-end investment company that has filed an election to be treated as a BDC pursuant to the Investment Company Act of 1940. All BDCs, both public and private must file annual reports on Form 10-K, quarterly reports on Form 10-Q, and current reports on Form 8-K as well as proxy statements. Currently, Barings LLC is the investment adviser to three BDCs, Barings BDC, Inc. ("BBDC"), Barings Private Credit Corporation ("BPCC") and Barings Capital Investment Corporation ("BCIC"). BBDC is publicly traded on the NYSE under the ticker BBDC, BPCC is a non-traded perpetual BDC and BCIC is a private BDC. Both BPCC and BCIC are not listed but still have similar SEC and Board requirements. The public fund accounting team that supports the BDCs is the liaison with our third party fund administrator for general ledger accounting and reporting, responsible for all SEC filings, board of director meetings support, investor relations support, day-to-day operational support and other ad hoc information to support the BDCs Chief Financial Officer ("CFO") & Principal Accounting Officer ("PAO").

Primary Responsibilities
  • Responsible for month- and quarter-end close review of BDC financial reports and statements
  • Responsible for SEC reporting requirements including Forms 10-Q, 10-K, 8-K and proxy filings by preparing / reviewing supporting schedules and related analysis
  • Ensure the accurate compilation and reporting of financial data in accordance with US GAAP and SEC reporting guidance.
  • Support the preparation of deliverables related to the earnings release, board of director presentations and working cooperatively with BDC CFO & PAO
  • Coordinate with internal and external auditors for corporate SOX requests and walkthroughs
  • Work with external auditors during quarterly reviews, annual audits and interim test work. Assist in managing external auditors' requests and schedules in order to complete quarterly reviews and annual audits in accordance with reporting deadlines, Board of Director meetings, Audit Committee meetings, etc.
  • Ad hoc support and analysis for BDC CFO & PAO
  • Proactively search out ways to improve and streamline processes.
  • Lead special projects, as assigned


Qualifications
  • Proficiency with Microsoft Office applications, with emphasis on Excel
  • Minimum 10 years' experience in financial reporting role
  • CPA with public accounting experience preferred
  • Bachelor's degree in accounting or finance
  • Strong interpersonal and communication skills used for the collection and communication of information
  • Strong knowledge of US GAAP and SEC Reporting
  • Demonstrated success in implementing accounting and financial review process improvements
  • Experience with Workiva a plus


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Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Barings offers a comprehensive benefits package including:

CORE BENEFITS & WELLNESS
  • Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
  • Fitness Center Reimbursement Program (Including Online Memberships)
  • Employee Assistance Program (EAP)
  • Fertility Benefits


FINANCIAL WELL-BEING
  • 401(k) Plan w/Company Match
  • Pension Plan
  • Health Savings Account (HSA) with Company Contributions
  • Flexible Spending Accounts (FSA) - Health Care & Dependent Care
  • Retirement Health Reimbursement Account


LIFE INSURANCE
  • Basic and Supplemental Life Insurance
  • Spouse and Child Life Insurance


TIME OFF, DISABILITY AND LEAVE OF ABSENCE
  • Paid Vacation, Sick Days and Annual Holidays
  • Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
  • Short and Long Term Disability Plans
  • Paid Volunteer Time


OTHER BENEFITS
  • Education Assistance Program
  • Charitable Matching Gifts Program
  • Commuter Reimbursement Program
  • Adoption and Surrogacy Reimbursement Program

Date Posted

08/30/2022

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