Operations Associate, Private Equity

| Boston, MA, USA
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Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $38 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and over 160 investment professionals, the firm is a leading capital partner for North American middle market companies. For more information, visit the Audax Group website www.audaxgroup.com.


This position is responsible for all operational functions related to the Audax Private Equity Finance department. This team member’s primary responsibility is supporting the various deal teams in executing acquisitions and sales according to our investment strategy. This role includes proactively engaging the deal team on funding needs and timelines, thorough review of funds flows and preparation of wires. This individual will also have other responsibilities such as daily reconciliation of cash, maintenance of credit facilities and various other reporting requirements. The ideal candidate promotes an environment of efficiency, accuracy, quality and control. Candidate must have effective time management skills and superior attention-to-detail.


  • Work closely with deal teams in tracking status of pending deal closings on a frequent basis
  • Review all funds flows to ensure the accuracy of sources and uses, purchase price reconciliation, various fee calculations, seller proceed amounts, debt payoff amounts, and all wiring information related to the transaction
  • Preparation, execution, and documentation of outgoing wires
  • Preparation of weekly reports identifying various data points such as pending deal closings, equity requirements and cash balances
  • Identify and coordinate opening of new investment-specific bank accounts for each platform investment including completing KYC requirements with the bank
  • Daily cash reconciliation of investment-specific bank accounts
  • Coordinate with Finance, Management Company, and Co-invest teams for any liquidity needs for upcoming deal closings
  • Maintenance of multiple credit facilities including submission of borrowing/repayment requests, verifying the interest invoices/coordinating payments and quarterly reporting requirements
  • Complete periodic KYC refresh with Bank of America for applicable accounts
  • Maintenance of investment-specific shareholder and related party wire instructions and templates
  • Maintenance and administration of assets held with custodian bank
  • Periodic payment of investment-specific expenses and payables
  • Periodic calculation of interest income earned on debt investments
  • Identify continued process and reporting enhancements related to daily operations
  • Complete various other ad-hoc requests and projects


  • BS in Finance, Accounting, or a related major, with an advanced degree or certification is a plus
  • At least 3-5 years of direct treasury experience, with operational or financial support functions at a bank, alternative investment manager or administrator as a plus
  • Proficient knowledge of Excel with superb attention-to-detail
  • Excellent communication skills including speaking, writing and active listening
  • Exceptional critical thinking skills used to seek out opportunities to advance and improve operations
  • Effective time management, prioritization and multitasking abilities in order to meet tight deadlines
  • Proactive mindset with the willingness to learn
  • Working knowledge of Bank of America CashPro and Dynamo is a plus

LOCATION: Boston, MA / Hybrid. 3 days/week in the office.

 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.

More Information on Audax Group
Audax Group operates in the Financial Services industry. The company is located in Boston, MA. Audax Group was founded in 1999. It has 384 total employees. To see all 6 open jobs at Audax Group, click here.
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