Operations Manager, Finance Private Debt
About The Position
The Operations Manager will oversee the daily operational activities of Audax Private Debt, with primary responsibility for trade closing execution, internal investment transfers, leverage facility management, cash monitoring, and operational controls. The role provides experienced oversight of critical daily workflows, coordinates with internal teams and external counterparties, and supports the development of junior team members. The Operations Manager will also improve operational efficiency, strengthen processes and controls, and support the continued growth and scalability of the Private Debt platform. The position is based in Boston, Massachusetts, with a hybrid schedule requiring three days in the office; in-office requirements may be adjusted based on business needs.
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.
Responsibilities
- Manage primary and secondary loan closings, including funding coordination, settlement timelines, documentation, and communication with internal stakeholders and external counterparties.
- Manage internal transfers of investments across Private Debt vehicles, coordinating transaction 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 and liquidity requirements, manage advance requests and repayments, and ensure reporting accuracy.
- Monitor daily cash activity and forecast funding requirements across investment vehicles, coordinating liquidity needs and wire execution with Operations, Finance, and Treasury teams.
- Provide daily oversight, guidance, and support to junior Operations team members; establish priorities, resolve escalated issues, and ensure accurate and timely execution of operational activities.
- 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 reconciliations, trade closing activities, and other operational deliverables.
- Manage post-closing operational activities for agency deals, including lender transfers, documentation, and communication with relevant counterparties.
- Support audit confirmations, agreed-upon procedures (AUP) testing, and other operational reporting requirements.
- Identify and implement opportunities to improve operational processes, controls, and reporting through standardization, automation, and enhanced coordination across teams and systems, with a focus on scalability and reducing 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)
- Annual discretionary incentive compensation based on performance may be available
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What This Job Offers
Job Type
Full-time
Career Level
Manager
