FP&A Associate

Job description

The Opportunity:

Roark is building out its FP&A function to support continued growth. We are seeking a FP&A Associate reporting to a senior member of the Finance team. Roark principally follows an LBO strategy investing across a number of sub-sectors using multiple capital vehicles including traditional closed end comingled Institutional LP funds, co-investment vehicles, parallel fund complexes, AIVs. These vehicles are all managed through a traditional General Partner and Manager construct. The FP&A associate will work closely with the Director of FP&A Valuations to develop financial models to support the firm's performance reporting and planning efforts spanning both Fund and General Partner / Management Company. Critical to the role will be an ability to help in the development of a dynamic economic portrait of the firm by providing thoughtful analysis to multiple stakeholders both internal and external to Roark. The role will require extensive interaction with multiple functions across the firm including, Investor Relations, Fund Accounting and Tax, Valuation, as well as Legal and Compliance.

Summary of Essential Job Functions

• Play a key role in coordination of firm's Investor Reporting and General Partner forecasting processes
• Identify and capture key data from multiple sources including Fund Reporting, Tax, Valuation, Investor Relations and Investment teams; ensuring this data is pooled within a centralized FP&A function in a form that will allow for the generation of enterprise wide analysis shareable amongst a broad group of stakeholders
• Work with senior leadership to understand its ever changing information needs and build the underlying foundational models that will allow for rapid generation of analysis to meet these needs
• Assist in building dynamic fund models, both on a liquidation and "hold to planned exit" basis, which incorporate asset level exit, fund expense and waterfall and translated into key output metrics: IRR and ROI (Gross and Net), DPI, RVPI and TVPI
• Assist in the development of a dynamic corporate model integrated with fund models that provides, detailed analysis and support for Management Company revenues, expenses and AUM. This model will incorporate industry standard metrics: Fee Related Earnings, Distributable Earnings and Economic Net Income.
• Assist in the development of models to accurately track carried interest and other forms of profits interest (accrued and realized) for the account of the Management Company
• Work closely with Roark Controller to report Management Company / General Partner budgets
• Aid in the development of fund level analysis to enable firm leadership to better understand return impact arising from differing tax structures
• Be an active participant in the build out of enhanced processes designed to improve the speed and efficiency of our financial analysis function

Qualifications

• At least 2 years experience of detailed financial modelling and analysis either within the Investment Banking, Transaction Services (ideally Big 4), Corporate Finance or Corporate Planning space
• Excellent financial modelling skills
• Excellent mathematical, analytical and problem-solving skills
• An understanding of investment products, alternative investments and securities operations is a plus
• Knowledge of the economic model / structure of an alternative asset management firm is a plus
• Excellent verbal, written and interpersonal communication skills
• Experience in the use of tools such as Alteryx designed to improve the speed and accuracy of data flow across dynamic models is a plus
• Demonstrated organizational and time management skills
• Demonstrated ability to work independently, with little supervision in a fast-paced, high performing environment
• Demonstrated ability to meet established deadlines
• Demonstrated flexibility to accommodate changing priorities

Compensation and Benefits:

Roark provides a highly competitive package that includes, but is not limited to:

• Base salary plus annual performance bonus
• Medical, dental, vision, life insurance and long-term disability insurance
• 401k with employer match
• Paid time off and holidays

Firm Overview:

Roark is an Atlanta‐based private equity firm with $33 billion in assets under management. Roark manages eight institutional funds that currently hold interests in 20 portfolio companies. Roark focuses on investments in portfolio companies that operate in consumer and business service sectors, with a specialization in franchised and multi‐location business models in the restaurant, specialty retail, consumer and business services, and health, wellness and beauty sectors.

Roark prides itself on being a trusted partner for management and business owners. We believe that successful partnerships begin with providing a compelling value proposition to all business constituencies. A win‐win‐win approach leads to an enthusiastic business environment where all stakeholders - customers, employees, franchisees, strategic partners, service providers, management and shareholders - share in the growth and success of our businesses. We want to partner with entrepreneurs and executives who share this vision.

Since inception, affiliates of Roark have acquired 95 franchise/multi‐location brands which generate approximately $54 billion in system revenues from 64,000 locations located in 50 states and 89 countries.

Our portfolio companies span multiple industries including food, restaurants, specialty retail, health, wellness and beauty, retail healthcare, business services, and education.

Our largest sector, food and restaurants, encompasses investments in brands such as: Inspire Brands (the owner of Arby's, Baskin Robbins, Buffalo Wild Wings, Dunkin', Jimmy John's, Rusty Taco, and Sonic), Nothing Bundt Cakes, CKE Restaurants (the owner of Carl's Jr and Hardee's), FOCUS Brands (the owner of Auntie Anne's Pretzels, Carvel Ice Cream, Cinnabon, Jamba, McAlister's Deli, Moe's Southwest Grill, and Schlotzsky's), Miller's Ale House, Culver's, The Cheesecake Factory (the owner of North Italia and Flower Child), Jim 'N Nick's BBQ, and previously Corner Bakery, Il Fornaio, Naf Naf Middle Eastern Grill and Wingstop.

Our consumer products and services investments have included Driven Brands (the owner of ABRA, ATI, CARSTAR, International Car Wash Group, Maaco, Meineke, Take 5, Uniban, 1‐800 Radiator, and others), ServiceMaster Brands (the owner of ServiceMaster Restore, ServiceMaster Clean, Merry Maids, Furniture Medic, AmeriSpec, and Two Men and a Truck), Pet Supermarket, Pet Valu, Orangetheory Fitness, Massage Envy, Primrose Schools, Self Esteem Brands (the owner of Anytime Fitness, Basecamp Fitness, The Bar Method, Waxing the City and Stronger U), Fitness Connection, US Sports Camps, Great Expressions Dental Centers, and previously Atkins Nutritionals, Batteries Plus Bulbs, Drybar, FASTSIGNS, and US Franchise Systems.

Our business services investments have included Divisions Maintenance Group, Driven Brands, Installation Made Easy, Solterra Recycling Solutions, and previously Batteries Plus Bulbs, CyberCore, FASTSIGNS, Money Mailer, Peachtree Business Products, PSC, Quala, Waste Pro, and GFL Environmental.