Operations Manager, Finance Private Debt

Audax Private Debt • Boston, MA

3d • $120,000 - $180,000 • Hybrid

About The Position

Audax Private Debt is seeking an Operations Manager to oversee daily operational activities for its Private Debt business. The role’s primary responsibilities include trade closing execution, internal investment transfers, leverage facility management, cash monitoring, and operational controls. The manager will oversee critical workflows, coordinate with internal teams and external counterparties, and support junior team members. The position also focuses on improving operational efficiency, strengthening processes and controls, and enabling the Private Debt platform to grow and scale.

The position is based in Boston, Massachusetts, with a hybrid schedule requiring three days in the office. These in-office requirements may be adjusted based on business needs. The stated Massachusetts base salary range is $120,000–$180,000, and the employee may also be eligible for annual discretionary incentive compensation based on performance.

Requirements

• Bachelor of Science in Finance, Accounting, Economics, Business, or a related major.
• At least 8 years of relevant experience in private debt, leveraged loan, or credit operations.
• Demonstrated experience in loan trade settlement and/or leverage facility operations.
• Ability to exercise independent judgment, resolve complex operational issues, and manage competing priorities in a deadline-driven environment.
• Strong Excel, analytical, and problem-solving skills.
• Exceptional attention to detail and a high priority on accuracy.
• Advanced organizational skills and ability to multitask and prioritize workload.
• Strong communication and stakeholder coordination skills.

Nice To Haves

• CFA or MBA.
• Experience in private debt, leveraged loan, or credit operations beyond the stated minimum is relevant, but no additional preferred experience threshold is specified.

Responsibilities

• Manage primary and secondary loan closings, including funding coordination, settlement timelines, documentation, and communications with internal stakeholders and external counterparties.
• Manage internal investment transfers across Private Debt vehicles, coordinating execution, settlement, documentation, and accurate position reporting across internal systems.
• Manage daily operations of leverage facilities, including ABL, CLO Lite, lines of credit, and warehouse facilities; monitor borrowing availability, liquidity requirements, advance requests, repayments, and reporting accuracy.
• Monitor daily cash activity and forecast funding requirements across investment vehicles; coordinate liquidity needs and wire execution with Operations, Finance, and Treasury teams.
• Provide daily oversight, guidance, and support to junior Operations team members, including establishing priorities, resolving escalated issues, and ensuring accurate and timely execution.
• Oversee operational controls, reconciliations, exception management, and data accuracy across internal systems, including BMS and WSO.
• Coordinate with and oversee external service providers, including TresVista, to ensure timely and accurate completion of reconciliations, trade closings, and other operational deliverables.
• Manage post-closing operational activities for agency deals, including lender transfers, documentation, and communications with counterparties.
• Support audit confirmations, agreed-upon procedures testing, and other operational reporting requirements.
• Identify and implement process, control, and reporting improvements through standardization, automation, and enhanced coordination across teams and systems, focusing on scalability and reduced operational risk.

Benefits

• 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
• 401(k)
• Potential eligibility for annual discretionary incentive compensation based on performance

What This Job Offers

• Job Type: Full-time
• Career Level: Manager