Senior Associate, Fund Operations, Credit

Senior Associate, Fund Operations, Credit (2026) 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 $55.9 billion in assets under management, of which $8.4 billion is Onex’ own investing capital. We generate value for our shareholders through two segments:
Investing and Asset Management.

Onex is seeking a talented Senior Associate Finance (Credit) to join our Toronto team. In this pivotal role, you’ll drive fund accounting, performance reporting, and NAV reconciliation for credit-focused investment vehicles. You’ll collaborate with third-party administrators and transfer agents, 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, and advanced financial reporting (US GAAP).

This is a hybrid role which 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 work papers 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, 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.

• 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 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,…