Operations Associate, Private Debt

Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital. For more information, visit the Audax Group website www.audaxgroup.com. or follow us on LinkedIn . POSITION SUMMARY: This role is responsible for various functions within the Private Debt Operations Team. This team member will work closely with the deal and Finance teams in coordinating and executing all aspects of the trade closing process through review of allocations, legal documents, and the flow of funds while executing wire transfers. The role entails working alongside and guiding relationships with Trustees, tracking cash and purchasing power, using a variety of systems to accurately reflect the business’s holdings, and working on daily leverage facility needs while promoting an environment of compliance, efficiency, and accuracy. The ideal candidate is a self-motivated and detail-oriented team player with strong technical skills able to effectively and concisely complete tasks in a timely manner. RESPONSIBILITIES: Loan Servicing: Lead daily trade activity by contributing to the settlement of Primary and Secondary trades with counterparties utilizing WSO, ClearPar, and BlackMountain systems Interact daily with Portfolio Managers and PD Fund Management Team for allocations and coordination of trade settlements Work with senior members of the Operations Team on direct deal closings and transfer projects Coordinate with agent banks on a regular basis – resolution of trade discrepancies, timing of trade closing, and KYC Work closely with Trustee/Custodians on trade fundings and record keeping while assisting with daily inquiries across holdings Record and verify Paydowns/Drawdowns, Interest rate resets, PIK interest calculations, and Delayed Comp accruals/calculations Work with the TresVista team in the reconciliation and trade closing processes along with executing upcoming Revolver and Delayed Draw fundings Contribute to BMS/WSO system accuracy and items for daily processing General Operations: Assist with new fund onboarding and opening new bank accounts Coordinate with Operations, Finance, and Treasury teams on set up, release, and documentation of wires Monitor, review, and seek resolution of compliance issues with deal team and compliance groups Prepare daily and monthly reports across a variety of Asset Backed Lending, CLO Lite, Line of Credit, and Warehouse facilities for cash borrowing needs, repayments, and reporting requirements Monitor cash flow analysis and assist deal team and Finance with capital calls, distributions, and equity contributions Assist in developing, implementing and reviewing operational controls, policies, and procedures Assist with the audit confirmation and AUP testing procedures REQUIREMENTS/QUALIFICATIONS: BS in Finance, Accounting, Economics, Business Management, or a related major At least 5-8 years of professional experience, primary focus on debt products a plus Working knowledge of WSO, ClearPar, and BlackMountain a plus Advanced knowledge of Excel Strong organizational skills with the ability to multitask and prioritize a time sensitive workload Strong interpersonal and communication skills Location: Boston, MA Hybrid The base salary range for this position is $72,000 - $130,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance. Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits. This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice. Audax Management Co. is an equal opportunity employer. Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.

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