Fund Finance, Operations
Description:
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’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, 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, public 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 and family offices. In total, Onex has $49.7 billion in assets under management, of which $8.1 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
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’ two primary businesses are Private Equity and Credit. In Private Equity, we raise funds from third-party investors, or limited partners, 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, public 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 and family offices. In total, Onex has $49.7 billion in assets under management, of which $8.1 billion is Onex’ own investing capital. With offices in Toronto, New York, New Jersey, Boston and London, Onex and its experienced management teams are collectively the largest investors across Onex’ platforms.
THE OPPORTUNITY
Reporting to the Vice President, Finance based in New Jersey, you will focus primarily on bank loan settlements and other operational workflows across various products including separate accounts closed-end funds, and CLOs. Critical responsibilities include the review of LSTA/LMA documents and delivering industry leading settlement times across the platform. Leading a small team of operational team members and maintaining strong relationships with legal, trading and portfolio managers.
WHAT YOU WILL DO:
Oversee outsource provider for LSTA and LMA settlements
Maintain KPIs with outsource provider to push for better than market settlement times
Proactively engage with traders, portfolio managers, tax, fund accounting, legal and compliance
Coordinate, review, and approve corporate actions
Ability to solve complex loan settlement issues and push trades to settlement
Leverage relationships with counterparties and agents to drive best in class results
In depth knowledge of credit agreements and sections specific to loan settlements
Oversee KYC process for loan settlements including familiarity of all KYC documents
Supervise and mentor a small team of other trade operations members
Lead weekly calls with trading and PMs on settlement related issues
Partner with technology to fix OMS issues including requests to improve business
Ability to handle Ad-Hoc requests and solution new issues as they arise
Understand how to calculate delayed comp, cost of carry, and economic benefit
Work with trustee to resolve funding and other loan related issues
Manage liquidity for all funds across platform including knowledge of various subscription and asset-based lending
WHAT YOU BRING:
Minimum 10 years related experience
Strong history of loan market experience
Strong understanding of master feeder fund structures, CLO structures and trading strategies
Experience working with bank debt, bonds, equities, and FX swaps
Experience working with Advent Geneva, WSO, Black Mountain, Clear Par and Broadridge a plus
Proficiency in Microsoft Excel
Excellent written, communication and presentation skills and a friendly, service-oriented attitude.
Ability to self-start, multi-task and positively deal with a shifting demand for time
Presence and self-confidence to interface with the key constituents of the firm including clients, senior executives, and other stakeholders
Proven track record of managing small teams to execute on daily operations
Experience with subscription and asset-based lending. TRS experience is a plus
#LI-DNI
OUR TEAM & COMMITMENT:
Onex is led by the firm’s CEO, Bobby Le Blanc, and experienced leaders at each of our businesses. We have over 170 investment professionals across all platforms, supported by approximately 265 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 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.
DIVERSITY, EQUITY & INCLUSION:
Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investment and asset manager. Our Diversity & Inclusion Leadership Council, co-chaired by our President and Head of Shareholder Relations and Communications, is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.
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.
ENVIRONMENTAL, SOCIAL & GOVERNANCE:
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.
Recent initiatives include the addition of resources to our environmental, social and governance (“ESG”) team and progress on our efforts to measure 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, Initiative Climat International (“iCI”), the Principles for Responsible Investment (“PRI”), the IFRS Sustainability Alliance and FCLT Global, among others. We expect our program to continue to expand, while remaining rooted in our founding principle of responsible investing.