Senior Associate, Fund Operations, Credit & Wealth Management

ABOUT ONEX:

Onex is an investor and asset manager that invests capital on behalf of Onex shareholders and clients across the globe. Formed in 1984, we have a long track record of creating value for our clients and shareholders. Onex became a public company in 1987 and is listed on the Toronto Stock Exchange under the symbol ONEX. Onex’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors and invest them, along with Onex’ own investing capital, through the funds of our private equity platforms: Onex Partners and ONCAP. Similarly, in Credit, we raise and invest capital across several private credit, liquid credit and public equity strategies.

Our investors include a broad range of global clients, including public and private pension plans, sovereign wealth funds, insurance companies, family offices and high net worth individuals. Onex has $53.1 billion in assets under management, of which $8.3 billion is Onex’ own investing capital. We generate value for our shareholders through two segments: Investing and Asset Management.

THE OPPORTUNITY:

We are seeking a talented Senior Associate Fund Operations (Credit and Wealth Management Funds) to join our Toronto team. In this pivotal role, you’ll drive fund accounting, performance reporting, and NAV reconciliation for equity and credit-focused investment vehicles. You’ll collaborate with third-party administrators and transfer agents, manage daily, monthly, quarterly and year-end reporting, and deliver actionable financial insights to senior management and investors. This is an excellent opportunity for fund accountants with expertise in private credit funds, public equity, and advanced financial reporting (both US GAAP and IFRS). This is a hybrid role which requires 2-3 days in office.

WHAT YOU WILL DO:

• NAV Reporting & Books & Reconciliation::
•  Prepare schedules and supporting materials to reconcile monthly NAV and waterfall calculations with administrators. Ensure accuracy of fund books and records across multiple investment vehicles.
• Daily Mutual Funds Oversight:
•  Review daily NAV calculations for a group of mutual funds with fund administrators. Oversee account reconciliation, including administrator, broker, custodial cash, securities, corporate actions, journal entries, capital transactions and transfer agency.
• Performance & Financial Reporting:
•  Maintain fund performance metrics (Rate of Return, Internal Rate of Return, Multiple on Invested Capital, Distributions to Paid-In). Assist with quarterly financial statements reviews, statutory filings and audit support.
• Portfolio Management Review:
•  Support trade operations and administrators for credit portfolios reviews, including bank loans, corporate bonds, Asset-Backed Securities (ABS), and Collateralized Loan Obligations (CLOs). Provide accounting guidance and ensure proper accounting for paydowns, Payment-in-Kind (PIK), maturities, restructurings deferred compensation, and cost of carry.
• Quarterly & Regulatory Reporting:
•  Develop workpapers and reporting packages to ensure transparency, regulatory compliance, and risk management (regulatory filings for both US SEC reporting and Ontario Securities Commission (OSC) for funds.
• Capital Activity Support:
•  Support and review documentation for capital calls, distributions, and investor notices and investor reporting (capital statements)
• Technology & Process Improvement:
•  Contribute to system enhancements, automation projects, and ad hoc reporting for senior management and investors.

WHAT YOU BRING:

• Bachelor’s degree in Accounting or related field (required)
• CPA designation (preferred)
• 5-6 years of experience in public and private fund accounting, with expertise in credit funds, public equity, transfer agency, or fund administration. Big 4 background with audits of funds preferred.
• Proven experience with waterfall calculations, derivatives, bank loans, ABS, and CLOs
• Proficiency in Microsoft Excel; familiarity with fund accounting and trading platforms (Geneva, Broadridge, BMS, WSO, Bloomberg) preferred
• Strong technical accounting, analytical, communication, and problem-solving skills
• Ability to manage complex reporting in a dynamic environment

#LI-DNI

Our Team & Commitment:

Onex is led by the firm’s CEO, Bobby Le Blanc, as well as experienced leaders at each of our businesses. We have approximately 120 investment professionals across all platforms, supported by approximately 165 professionals dedicated to our corporate functions and investment platforms. Consistent with our One Onex approach, the teams share and leverage sector expertise, and sourcing and origination of opportunities across all business lines. Our culture is guided by our strong commitment to accountability, intellectual honesty and respect for all our partners and stakeholders.

Onex was formed on principles of entrepreneurialism and responsible investing and our team is united in recognizing the value of collaboration, diversity of perspective and background, and an inclusive environment. Our team is a critical factor in our success, and attracting and retaining the best people and strongest investors are an important competitive advantage. Also crucial to our long-term success is the alignment of interests between the Onex management team, the Onex Board of Directors, shareholders and our limited partners. Members of our management team and Board of Directors have a significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both our limited partners and shareholders.

Diversity Equity & Inclusion:

Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investor and asset manager. We believe that diverse perspectives create better outcomes for us and our stakeholders, including the companies we invest in, our shareholders, investors and clients, as well as the communities we serve.

Onex’ commitment to diversity and inclusion includes increasing our focus on attracting and retaining employees from diverse backgrounds, creating additional awareness of diversity issues and benefits, fostering and inspiring a more supportive environment where inclusivity is expected and prioritized, and embedding accountability for diversity throughout the firm.

Onex’ Diversity & Inclusion Leadership Council, which is co-chaired by our CEO and our Head of Shareholder Relations and Communications, includes representation from across all business platforms and geographies. The Council is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.

Sustainability:

As a public company, we are committed to delivering value for all of our stakeholders – our shareholders, investors, employees, operating companies and the communities in which we operate. Responsible governance throughout Onex and across our platforms is fundamental to the success of our organization. We hold ourselves to the highest standards of good governance, which builds trust and confidence in our stewardship of capital.

Consistent with our long-held belief that responsible investing is both the right approach to investing, as well as a driver of meaningful stakeholder value, we continue to make enhancements to our sustainability program. Recent initiatives include the addition of resources to our sustainability team and the measurement and management of carbon emissions across Onex and our investment platforms. To remain aligned with emerging best practices, we participate in several industry initiatives, including the ESG Data Convergence Initiative (“EDCI”), Initiative Climat International (“iCI”), the Principles for Responsible Investment (“PRI”), and the IFRS Sustainability Alliance, among others. We expect our program to continue to expand in line with this rapidly evolving area, while remaining rooted in our founding principle of responsible investing. Further information on Onex’ Sustainability Policy and Climate Strategy can be found on our website, www.onex.com.

Onex is committed to fostering an inclusive and accessible workplace. If you require accommodations at any stage of the recruitment process, please contact tmanagement@onex.com.