Finance Director
$185k - $225k USD
Bracebridge Capital, LLC is a leading alternative asset manager with approximately $12 billion of net assets under management. The firm pursues investment strategies primarily within the global fixed income markets with the objectives of capital preservation and absolute return without significant correlation to equity, interest rate and foreign exchange markets. Established in 1994, Bracebridge manages private investment funds that serve endowments, foundations, pension funds and other institutional and high-net-worth investors.
Approximately 160 employees operate from our office located in Boston’s historic Back Bay. The entrepreneurial and collaborative culture at Bracebridge rewards and supports motivated, dedicated, enthusiastic and intellectually curious individuals. We believe our firm’s greatest asset is the people who work here.
The Finance Director will play a critical leadership role within the firm’s finance organization, overseeing core financial operations and serving as a key partner to senior management. This role will have overall responsibility for Financial Planning & Analysis (FP&A), cash management, insurance programs, the controller function, payroll, while also managing several firm-wide operational and risk-related functions.
The ideal candidate will bring deep experience in private funds and financial services, strong technical accounting expertise, and a hands-on leadership style appropriate for a fast-paced, institutional investment environment.
Key Responsibilities:
Financial Leadership & Oversight
- Lead the management company operation, financial reporting, and audit coordination
- Maintain and enhance internal controls, accounting policies, and procedures
- Ensure accuracy, integrity and timeliness of financial statements and internal management reporting
- Partner cross-functionally with the Tax, Financial Reporting & Operations teams to ensure integrated financial oversight
- Coordinate with Compliance team on various US Treasury Department & other regulatory monitoring requirements
- Report to the CFO and COO as a senior thought partner on financial and operational matters
FP&A
- Lead firm-wide financial planning, annual budgeting, and monthly forecasting processes
- Develop a multi-year forecast
- Prepare and review monthly management reporting, variance analysis, and financial insights for senior leadership
- Support strategic initiatives through financial modeling and analysis
- Responsible for monthly management company expense allocation reporting
Payroll & Benefits
- Final review and sign off on all bi-monthly, monthly and quarterly payrolls for all companies
- Responsible for the financial analysis of the annual benefits renewal process
- Evaluate benefit plan offerings to ensure competitiveness and cost efficiency
- Coordinate annual review compensation cycles with department heads for employees and partners
Cash Management
- Oversee and optimize the cash management and liquidity function for the management company
- Review and approve the release of all outgoing wires from management company bank accounts
- Review and approve all partner distributions
Insurance & Risk Management
- Direct responsibility for annual renewals of the firm’s corporate insurance program:
- Directors & Officers (D&O) and Errors & Omissions (E&O) insurance
- Property & Casualty insurance
- Coordinate with human resources, brokers, legal counsel, and senior management on coverage, renewals, and risk mitigation
Facilities & Office Management
- Oversee financial aspects of corporate infrastructure including lease obligations, efficient internal cost structuring and vendor management
- Ensure compliance with regulatory and corporate record-keeping requirements including UK subsidiary filings
Team Leadership
- Manage and develop a team of five professionals across Accounting, FP&A, and Payroll
- Foster a culture of accountability, collaboration, and continuous improvement
- Provide mentorship and support professional development within the team
- Drive further adoption of Workday modules across the firm
Qualifications & Experience
- 10+ years of financial services experience, with direct private fund experience strongly preferred
- Prior experience overseeing the FP&A and controller functions
- Bachelor’s degree in Accounting, Finance, or a related field
- CPA designation strongly preferred
- Strong understanding of partnership accounting
- Strong technical accounting knowledge and experience with complex financial structures
- Proven experience managing teams and operating in a high-performance, in-office environment
- Workday or similar ERP experience a plus.
- Excellent communication skills and the ability to interact effectively with senior leadership
Key Attributes
- Hands-on, detail-oriented, and highly organized
- Strong judgment and ability to manage multiple priorities
- Comfortable operating in a dynamic, fast-moving hedge fund environment
- Collaborative leadership style with a strong sense of ownership
- Strategic thinker with a continuous improvement mindset
Current anticipated annual base salary range: $185k - $225k
Base salary within the range will be determined by various factors including but not limited to the individual's experience, skills and qualifications.