JOB BOARD: Equity Manager - Partner Services - The Boston Consulting Group

INTRODUCTION:
The Boston Consulting Group (BCG) is a general management consulting firm, widely regarded as a global leader in business strategy consulting. The firm has built its worldwide practice on intellectual leadership and has helped change the way many corporations approach, and engage in, competition. Many of BCG's strategic concepts are taught at leading business schools and executive education programs around the world.

 
BCG is a privately owned firm with over 77 offices in 42 countries. BCG's Global Services provide professional management services to the firm, including the central operations of finance, information technology, marketing, risk, legal, operations and human resources.

 
POSITION SUMMARY:
The Partner Services Group is an integral part of the worldwide finance team. The group works directly with the Partners in-charge of Partner Services and provides support for the global Partner group on a wide variety of issues related to BCG's Partner compensation and equity programs.

The Equity Manager will have responsibility for leading the team within the Partner Services Group that is responsible for the ongoing administration of BCG's equity programs. The equity programs were established in 1994 to provide a long-term capital structure and reward mechanism to our Partners that are based on BCG's performance; they include both equity and equity derivative instruments across numerous countries.

In this position, the candidate will develop a deep understanding of the Partner compensation and equity programs, BCG's capital structure, and work closely with all Finance functions including Tax, Treasury and International Accounting, as well as the Legal team. The work is challenging, very visible and requires strong analytical, organizational, team-building and problem solving skills.

The Equity Manager, PSG will initially manage 3 to 4 Equity Analysts plus a Paralegal. Staff management will involve working on annual goal setting for staff, developing personal development plans for each team member, providing insightful feedback and delivering annual reviews. In addition to the people management skills, the individual will participate in the leadership of the group by helping with the prioritization of projects, developing project work plans and implementing and executing equity programs.

To be successful, this individual must have proven experience working as the leader of operational processes. The role requires the candidate to have a strong customer focus and deliver high quality to the Partner group by understanding the Partner's perspective and adapting his/her communication.

JOB RESPONSIBILITIES:
Wide range of operational activities related to global Partner equity; including but not limited to:

• Support the overall management of the Partner equity programs for more than 800 Partners
• Manage the Equity team, enforce controls and reviews, ensure resources are adequate during peak periods to meet demands, foster a customer focused culture and create an environment of teamwork and collaboration
• Be responsible for the accuracy of the global equity calculation models including auditing and validating the purchases and sales for the full range of local country equity, including Partner loans
• Oversee the Equity entry and exit communication process and legal document executions with New Partners, Lateral Hires, Transfers and Partner Departures from BCG
• Participate in the process of establishing new equity programs as BCG expands into new countries, as well as revising existing programs as changing circumstances require
• Develop and support a long term risk management approach including continuous improvement of internal controls and processes for both the calculations and legal documents created for equity programs
• Successfully interact with users of Partner Services equity data in Global Finance, including Treasury, Tax and International Accounting, as well as Local Controllers
• Maintain share registers and reconcile with Legal and International Accounting on a regular basis
• Manage 800 to 1,000 equity transactions related to the purchase and sale of equity units on an annual basis, including preparing calculations, reviewing legal documents, managing the execution, transmittal, receipt and retention processes and policies for these documents, and creating or settling loans
• Actively monitor the compliance of equity transactions with the documented terms, ensuring wires are prepared, legal documents are received, loans settled and any issues are escalated to PSG Partner in a timely manner
• Manage and review the equity true-up calculations based on the audited Financial Statements and communicate those revised calculations to the Partners
• Play a significant role in the annual Partner communication process by overseeing the equity and equity derivative "letters." This important annual process is the conclusion of our annual equity activity that results in Partner's receiving statements of their annual equity performance and a record of their purchases and sales
• Ensure the equity sub ledger ("PACE") is accurate and up to date, reconciled with the general ledger and any differences between them are resolved in a timely manner with International Accounting
• Work with the Systems team to ensure that changes to equity programs are properly reflected in the architecture of the equity sub ledger and the integrity of system is maintained
• Participate in the annual forecasting process for BCG, supplying the inputs for equity transactions and changes to plans for the upcoming year

JOB REQUIREMENTS:
• CPA certification preferred
• Bachelors degree in Business Administration or Accounting
• At least 6-9 years of work experience in Finance or Equity related fields
• Strong people management skills with at least 4-5 years of experience supervising staff
• Ability to a create culture of continuations process improvement within the team
• Process management skills with an ability to coordinate activities with various Finance functions
• Excellent organizational, communication and interpersonal skills; able to communicate confidently and professionally with senior management, particularly those in Finance
• Ability to balance management of multiple macro and micro items on a real-time basis
• Team player with exemplary leadership and motivational skills
• Possesses understanding of international accounting, tax and legal implications of various compensation issues and transactions

WORK ENVIRONMENT:
• Candidates must be able to perform successfully and produce results in a fast-paced, intellectually intense, client-oriented environment.
• Candidates must be pragmatic, high-energy professionals, with personal and professional self-confidence. They also must have the political savvy and interpersonal skills to build teams and relationships throughout a loosely structured organization.
• It is necessary to have the ability to understand and manage complex reporting relationships

Interested applicants should send their resume via email with "Equity Manager" in the subject line to: bstjobpostings@bcg.com.  For questions, please reply directly to me!