Senior Associate, Internal Audit

POSITION SUMMARY:

This role will be responsible for overseeing and managing SOC 1 implementation and managing the internal audit process related to SOC 1 compliance, as well as taking a lead role in all finance activities, including oversight of the accounting, reporting, and operational functions for Audax Strategic Capital. The ideal candidate will have a strong background in audit, internal controls, partnership accounting, and fund management. Experience working in Private Equity preferred, but not required.

The candidate will initially focus on SOC 1 implementation, including creating a description of the system, identifying internal control objectives and related control activities, and working with our auditors on both a pre-assessment and SOC 1 engagement. Upon implementation, this candidate will continue to lead the internal audit process related to SOC 1 compliance while beginning to provide oversight over the broader finance function for Audax Strategic Capital.

SOC 1 Implementation and Internal Audit:

• Engage internal teams across functions to assess control environment and gain an understanding of existing internal controls.
• Develop system of control objectives and related control activities leading to pre-assessment and SOC 1 engagement.
• Lead and manage the SOC 1 internal audit process to ensure compliance with industry standards and regulatory requirements.
• Develop and implement audit plans, including risk assessments and testing procedures.
• Collaborate with cross-functional teams to assess and enhance internal controls and processes.
• Monitor and report on the status of remediation efforts for identified control deficiencies.
• Identify and assess risks related to internal processes, financial reporting, and compliance with SOC 1 standards.
• Develop and implement risk mitigation strategies and control frameworks.
• Stay informed about industry trends, regulatory changes, and best practices to proactively address emerging risks.

Fund Control/Finance:

• Oversee fund accounting and financial reporting activities, ensuring accuracy and compliance with applicable regulations.
• Manage the day-to-day operations of fund administration, including cash management, liquidity forecasting, capital calls and distributions, waterfall and returns calculations, internal reporting, and investor reporting.
• Coordinate with external auditors and tax professionals for fund-related audits and tax filings.
• Implement and enhance fund control policies and procedures.
• Collaboration with cross-functional teams, including Financial Planning & Analysis, Tax, Investor Relations, Business Solutions, and Valuations & Analytics teams.

Requirements/Qualifications:

• Bachelor’s degree in accounting, with a CPA
• Extensive experience in internal audit, with a focus on SOC 1 compliance
• Strong understanding of partnership accounting and Private Equity
• 10+ years of experience, including public accounting and SOC 1 engagements
• Experience managing a team
• Strong organizational skills with the ability to multitask and prioritize workload
• Strong interpersonal and communication skills
• Familiarity with Investran, Alteryx, and/or Anaplan is a plus.

Location: Boston, MA and is a hybrid position.