Associate, Finance, Fund Accountant

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 has $48.4 billion in assets under management ("AUM"), of which $33.5 billion is fee-generating and $7.9 billion is Onex' own investing capital. 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 debt 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 addition, through our private wealth platform, we service high net worth clients in Canada.
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 PRIVATE EQUITY:
When Onex was founded in 1984, the private equity industry was in its infancy. Private equity has grown in popularity amongst long-term investors because returns to investors have consistently outperformed underlying public markets. As practiced by Onex, private equity empowers management teams to make the changes needed to grow and improve their businesses – without the pressure of quarterly earnings targets. Long-term value creation is our only goal.
After 19 years of successful investing, we formed Onex Partners in 2003. Onex Partners is our private equity platform focused on larger investment opportunities. At Onex Partners, we principally target investment opportunities in the United States, Canada and Europe that require $200 million or more of initial equity capital. Onex' private equity platform follows a disciplined investment process and devotes considerable resources to researching and understanding the industries within which it invests. Onex Partners invests across four sectors; Services; Industrials; Healthcare, and Financial Services. Onex' private equity investing has generated a gross multiple of capital invested of 2.6 times and a 27% gross IRR on realized, substantially realized and publicly traded investments.
In 2000, we formed ONCAP, our private equity platform for middle and smaller market investment opportunities. At ONCAP, we principally target investment opportunities in the United States and Canada that require less than $200 million of initial equity capital. ONCAP's philosophy is predicated on partnering with great management teams, applying appropriate capital structures, and working to create shareholder value at each operating company over the long term. ONCAP typically makes fewer investments than most other private equity firms and leverages the resources and experience of the ONCAP team and Onex Corporation to make every investment successful. ONCAP considers investment opportunities in a wide range of industry sectors. As part of the process to identify investment opportunities, the ONCAP team devotes considerable resources to identify and develop a strong understanding of industries and their risk factors and growth potential. Examples of industries where ONCAP has significant experience include: Agriculture; Automotive / Heavy-Duty Aftermarket; Building Products; Business Services; Consumer Products / Services; Education & Training; Environmental / Engineering Services; Healthcare; Industrial; and Packaging & Plastics. ONCAP has completed 29 investments and has generated a 4.2x gross multiple of capital invested and a gross compound annual internal rate of return ("IRR") of 41.7% on its 14 realized or public traded investments. ONCAP has never suffered a capital impairment on any realized investment.
THE OPPORTUNITY:
Reporting to the Vice President, Finance 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, Information 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 several internal entities
• Review accruals and billings, management fee calculations, investment ledger, waterfall calculations for several funds and their related entities
• Support Fund Managers throughout quarter-end and year-end processes
• Support client service team in the completion of investor inquiries
• 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
• Oversee and support all other ongoing reporting deliverables of the Funds, including compliance certifications, credit facility compliance and regulatory reporting
• Support client service team and fund administrators in the oversight of the investor portal
• Liaise with fund auditors throughout year-end process
• Assist with special projects led by the Private Equity Fund Finance Team, or in collaboration with other corporate groups
• Support Fund Managers and fund administrators in the delivery and issuance of quarterly investor reporting
• Review of quarterly and annual account packages from the fund administrator for a number of private equity funds and their related entities
• Monitor, assess and implement new accounting pronouncements impacting the Funds under US GAAP, IFRS and Canadian GAAP
• Support and review corporate processes throughout quarter-end and year end processes

WHAT YOU BRING:
Professional Characteristics

• Ability to self-start, multi-task, and meet deadlines
• Entrepreneurial, team-oriented work ethic and personality
• CPA Preferred
• Proficiency in Microsoft Excel a must and Investran experience preferred
• Be able to demonstrate an understanding of funds, fund structures, fee calculations, trading strategies, financial instruments and fund offering documentation
• Minimum 2 years related experience
• Strong understanding of US GAAP, IFRS and Canadian GAAP reporting guidelines
• Attention to detail and excellent communication skills necessary

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
• A pattern of excellence, both personally and professionally, demonstrated by the individual's education, career track record, intellect, and professional reputation
• Presence and self-confidence to interface with the key constituents of the firm including clients, senior executives and other stakeholders
• Presentation: Clearly and confidently communicates and presents complex concepts, analysis, ideas, and information internally and externally
• Self-awareness, maturity, irreproachable integrity
• Ownership and Initiative: Takes ownership for and "rolls up sleeves" to meet objectives
• A strong work ethic and seeks to complete work effectively and efficiently
• Excellence: Demonstrates accuracy and thoroughness. Ensures quality and demonstrate a strong attention to detail and follow-through. Commits to implementing best practices and continuous improvement
• A high standard of integrity and ability to maintain the highest degree of confidentiality

OUR TEAM & COMMITMENT:
Onex is led by the firm's founder and CEO, Gerry Schwartz, our President, 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.