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, Finance based in Toronto, Onex is seeking to hire a Senior Associate to join the Finance team. The Senior Associate will play an import role in supporting the Onex team with accounting and reporting both internally and externally.
WHAT YOU WILL DO:
- Work alongside the team to ensure that corporate accounting records and reporting are accurate, complete, and timely
- Treasury management functions including execution of foreign exchange transactions and money market investments and redemptions;
- Participate in the transfer of funds for various transactions such as capital calls, distributions and intercompany funding across banking platforms
- Coordination and preparation of quarterly firmwide accruals
- Support public reporting for the firm through:
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- Preparation of lead sheets, working papers and other support schedules;
- Preparation of financial statement notes and MD&A sections; and
- Preparation of summary board liquidity reporting
- Support the firm’s internal controls over financial reporting through semi-annual updates of internal control narratives and testing by internal audit
- Implement complex tax and compensation transactions through the preparation and communication of the accounting steps / implications. Develop adjusting / consolidating entries for public reporting purposes
- Preparation of share repurchases under the Normal Course Issuer Bids by the firm, including the maintenance of repurchase details and regulatory reporting
- Support various projects within the Corporate Finance team as well as ad hoc tasks as required
WHAT YOU BRING:
Professional Characteristics
- University degree in accounting, finance, or business
- Professional Accounting Designation (CPA)
- A minimum of 3 years’ experience related to financial reporting / accounting, including full accounting cycle; preparing financial statements; and analyzing income statement accounts and explaining and documenting variances
- Audit and / or tax experience preferred
- Strong business acumen and work ethic with the desire, ability, and curiosity to think strategically to navigate competing issues and improve current processes
- Strong communication skills and the ability to work proactively to complete tasks within tight deadlines
- High level of professionalism and maturity along with strong interpersonal skills
- Ownership of work and desire to take tasks to the next level
- Attention to detail and excellent communication skills necessary
- Proficiency in Microsoft Excel
Personal Characteristics
- 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
- Takes ownership for and “rolls up sleeves” to meet objectives
- Understands the business drivers behind the journal entries
- Demonstrates accuracy and thoroughness. Ensures quality and demonstrate a strong attention to detail and follow-through. Commits to implementing best practices and continuous improvement
- Clearly and confidently communicates and presents concepts, analysis, ideas, and information internally and externally
- Presence and self-confidence to interface with the key constituents of the firm including process owners, 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
- Self-awareness, maturity, irreproachable integrity
- A strong work ethic and seeks to complete work effectively and efficiently
Desired Skills and Experience
- Business Central, Microsoft Dynamics NAV, Power BI, OneStream
- Financial Accounting
- Financial Audits
#LI-DNI
Our team & Commitment:
Onex is led by our CEO, Bobby Le Blanc, as well as 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, including our institutional and high net worth relationship professionals. 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. Our team is a critical factor in our success, and attracting and retaining the best people and strongest investors are an important competitive advantage.
Also crucial to our long-term success is the alignment of interests between the Onex management team, shareholders and clients. Members of our management team have a significant long-term ownership in Onex shares and invest meaningfully in our funds. We believe this alignment creates stronger relationships with both clients and shareholders.
Diversity Equity & Inclusion:
Onex recognizes that a diverse team and inclusive environment are vital in contributing to our continued success as an investor and asset manager. 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.
Onex’ Diversity & Inclusion Leadership Council, which is co-chaired by our President and our Head of Shareholder Relations and Communications, includes representation from across all business platforms and geographies. The Council is responsible for championing diversity and inclusion across the firm, including supporting the development and success of Onex’ employee resource groups.
Environmental, Social & Governance:
As a public company, 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.
Consistent with our long-held belief that responsible investing is both the right approach to investing, as well as a driver of meaningful stakeholder value, we continue to make enhancements to our environmental, social and governance (“ESG”) program. Recent initiatives include the addition of resources to our 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 in line with this rapidly evolving area, while remaining rooted in our founding principle of responsible investing.
Top Skills
What We Do
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 $50.9 billion in assets under management, of which $8.4 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.
Onex shares trade on the Toronto Stock Exchange under the stock symbol ONEX. For more information on Onex, visit its website at www.onex.com. Onex’ security filings can also be accessed at www.sedar.com
