Senior Associate, Fund Operations, Private Equity

Tbwa Chiat/Day Inc; Eastern Ontario; On-site; CAD 150,000 - 200,000; Full time

Job summary

An established industry player is seeking a Senior Associate for Fund Operations within their Private Equity division. This role involves preparing financial reports, supporting fund managers, and ensuring compliance with US GAAP, IFRS, and Canadian GAAP. The ideal candidate will have a CPA, possess strong analytical skills, and be proficient in Microsoft Excel. Join a dynamic team where your contributions will directly impact fund performance and client satisfaction. If you thrive in a fast-paced environment and are eager to take ownership of your work, this opportunity is perfect for you.

Qualifications

• Minimum 3 years of experience in fund operations or accounting.
• Strong understanding of financial instruments and fund structures.

Responsibilities

• Prepare quarterly and annual accounts for private equity funds.
• Support Fund Managers with compliance and investor reporting.
• Liaise with fund auditors and oversee ongoing reporting deliverables.

Skills

US GAAP

IFRS

Canadian GAAP

Attention to Detail

Communication Skills

Multi-tasking

Entrepreneurial Work Ethic

Education

CPA

Bachelor's Degree in Finance or Accounting

Tools

Microsoft Excel

Investran

Job description

Senior Associate, Fund Operations, Private Equity

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 $48.7 billion in assets under management (“AUM”), of which $32.9 billion is fee-generating and $8.5 billion is Onex’ own investing capital. We generate value for our shareholders through two segments: Investing and Asset Management. Our Investing segment includes gains on our invested capital. Our Asset Management segment generates revenues from the recurring fees clients pay us to manage their capital and includes carried interest from our private equity and private credit funds.

THE OPPORTUNITY

Reporting to the Director, Fund Operations based in Toronto, you will focus primarily on fund accounting and support for Onex’ closed-end private equity funds. Key responsibilities include the review of quarterly and annual financial reports for the funds and related entities, transaction execution support, the completion of compliance deliverables, supporting and providing input to team projects and ad-hoc duties, on an as needed basis. This role will regularly interact with various corporate groups at Onex, including Tax, Legal, Compliance, Investor Relations, Enterprise Technology, and the Investment Teams; and as well the various third-party vendors, including fund auditors, fund administrators, banking partners and Finance IT vendors.

WHAT YOU WILL DO:

• Preparation of quarterly and annual accounts and records for numerous internal entities
• Support and review corporate processes throughout quarter-end and year end processes
• Prepare and review accruals and billings, management fee calculations, waterfall calculations
• Review of quarterly and annual account packages from the fund administrator for a number of private equity funds and related entities
• Support Fund Managers throughout quarter-end and year-end processes
• Support Fund Managers and fund administrators in the delivery and issuance of quarterly investor reporting
• Liaise with fund auditors throughout year-end process
• Oversee and support all other ongoing reporting deliverables of the Funds, including compliance certifications, credit facility compliance and regulatory reporting
• Support Fund Managers in all aspects of investment transactions, including LPA compliance, reporting and performance calculations, foreign currency management, treasury and cash management, and investor communications. This involves interacting with various corporate groups, senior management of the Investment Teams and external stakeholders.
• Monitor, assess and implement new accounting pronouncements impacting the Funds under US GAAP, IFRS and Canadian GAAP.
• Support client service team and fund administrators in the oversight of the investor portal
• Support client service team in the completion of investor inquiries
• Assist with special projects led by the Private Equity Fund Finance Team or in collaboration with other corporate groups
• Perform other ad-hoc duties as assigned

WHAT YOU BRING:

Professional Characteristics

• CPA Preferred
• Minimum 3 years related experience
• Strong understanding of US GAAP, IFRS and Canadian GAAP reporting guidelines
• Be able to demonstrate an understanding of funds, fund structures, fee calculations, trading strategies, financial instruments and fund offering documentation.
• Experience working with bank debt, bonds, equities, and FX swaps
• Attention to detail and excellent communication skills necessary
• Proficiency in Microsoft Excel a must and Investran experience preferred
• Ability to self-start, multi-task, and meet deadlines
• Entrepreneurial, team-oriented work ethic and personality

Personal Characteristics

• Judgment and Flexibility: Thinks about issues and develops solutions that thoughtfully take the broader context into account. Positively deals with a shifting demand for time, priorities, and the rapid change of your environment
• Ownership and Initiative: Takes ownership for and “rolls up sleeves” to meet objectives
• Excellence: Demonstrates accuracy and thoroughness. Ensures quality and demonstrates a strong attention to detail and follow-through. Commits to implementing best practices and continuous improvement
• Presentation: Clearly and confidently communicates and presents complex concepts, analysis, ideas, and information internally and externally
• Presence and self-confidence to interface with the key constituents of the firm including clients, senior executives and other stakeholders
• A pattern of excellence, both personally and professionally, demonstrated by the individual’s education, career track record, intellect, and professional reputation
• A high standard of integrity and ability to maintain the highest degree of confidentiality
• A strong work ethic and seeks to complete work effectively and efficiently