Senior Associate, Corporate Accounting Policy & Consolidation Determinations

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: Senior Associate, Corporate Accounting Policy & Consolidation Determinations

Business Unit: Corporate Accounting

Location: Charlotte, NC

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 will play a key role in the company’s corporate Accounting Policy Team within the Global Controller’s Group. The Accounting Policy Team is responsible for researching and documenting conclusions on proposed transactions, evaluating and implementing new accounting pronouncements, maintaining the global internal accounting policies as well as providing support to the corporate operational accounting teams. This role offers significant exposure to complex investment structures, cross-functional transaction activity, and senior stakeholders across Barings and its parent company.

One of the primary responsibilities for this role will include working with Barings investment teams by helping them understand the accounting outcomes for various fund structures, investment strategies and significant transactions. This role will also liaise with various MassMutual counterparts to present the proposed Barings deal and ensure that it is reviewed and approved by all stakeholders. The position will provide for significant visibility outside of the corporate accounting team.

The role will require application of U.S. Generally Accepted Accounting Principles (GAAP), with opportunities to support projects involving other accounting frameworks, including U.K. GAAP, Australian GAAP and IFRS. The individual in this role will serve as a key contact for corporate investment accounting determinations. This individual will lead regular meetings across the organization and will be required to understand and reconcile different investment and accounting platforms.

The ideal candidate must be a self-starter, with a natural desire to learn. A successful individual will take ownership of the processes and look for efficiency improvements while understanding and adhering to existing internal controls. The ideal candidate will need to be exceptionally organized in order to manage multiple projects/deliverables with competing deadlines.

The role will require reading/reviewing legal documents and applying the appropriate accounting guidance given the specific facts. Analysis of complex legal investment structures will be a central daily task for this role. Verbal and written communication will be central to success.

The position will report to the Director of Accounting Policy. The position will have regular interactions with all levels of the organization and reside in our corporate headquarters in Charlotte, NC.

Primary Responsibilities

The responsibilities of the role include, but are not limited to:

• Lead proposed transactions through parent company’s approval process, including coordination with internal stakeholders, scheduling presentations, and active management of timelines, follow-ups, and deliverables to keep reviews on track;
• Document preliminary accounting treatment for new special purpose entities;
• Initiate, monitor and document the consolidation triggering event process;
• Provide regular communication on the status of monthly and quarterly consolidation changes to the Corporate Investment Team;
• Complete all consolidation determination analysis by leveraging appropriate determination templates as well as legal documents and investment reports;
• Evaluate AI-enabled tools to enhance efficiency, research, documentation, and process improvement, while maintaining appropriate review and professional judgment;
• Assist with preparation of annual Going Concern, non-GAAP, Goodwill & Intangibles Impairment memos;
• Assist with annual consolidated financial statement disclosure review;
• Lead or assist with special projects, as assigned.

Qualifications

• Bachelor's degree in accounting or finance preferred;
• 4+ years relevant accounting experience (CPA or on track) with public accounting experience strongly preferred;
• Prior experience in financial services, particularly in investment accounting is strongly preferred;
• Knowledge of US GAAP, specifically investment accounting (ASC 320, ASC 321, ASC 323, ASC 326 and ASC 810), business combinations (ASC 805);
• Able to handle multiple priorities and deadlines; excellent time management skills;
• Self-motivated – able to work independently as well as part of a broader team;
• Strong interpersonal skills – able to build effective working relationships and communicate effectively across company locations and organizational lines;
• Proficiency with Microsoft Office applications, with emphasis on Excel;
• Adaptable and comfortable working through changing priorities, evolving processes, and time-sensitive business needs.

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Requisite Skills

Additional Skills

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

• Highly competitive 401(k) Plan with Company Match
• 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