Senior Associate, Fund Operations, Credit

Join Onex as a Senior Associate in Credit, driving fund accounting, performance reporting, and NAV reconciliation for credit‑focused investment vehicles in Toronto.

Onex is a global investor and asset manager that operates within Private Equity and Credit sectors. This hybrid role requires 2‑3 days in office.

• 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.
• 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 US SEC reporting) for funds.
• Capital Activity Support: Support and review documentation for capital calls, distributions, 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.

• Bachelor’s degree in Accounting or related field (required).
• 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.

Onex maintains a collaborative culture with accountability, intellectual honesty, and respect for all partners and stakeholders. The firm prioritises diversity, inclusion, and responsible investing across all functions.

Onex recognises that a diverse and inclusive environment drives better outcomes for the firm, investors, and the communities it serves.

As a public company, Onex is committed to responsible governance and sustainability initiatives, including carbon‑emission measurement, ESG data convergence, and participation in industry sustainability frameworks.

Mid‑Senior level

Full‑time

Finance and Accounting / Auditing

Financial Services and Investment Management

Toronto, Ontario, Canada