Fund Operations Associate - Sponsor Finance

About the Role

BMO Sponsor Finance Asset Management is seeking an experienced, dynamic and strategic operations professional to join our growing Private Credit platform. This role is essential to ensure operational execution and risk management across a diverse portfolio of private credit investments. You will work closely with BMO Agency Operations, senior leadership, investment professionals, and external partners to optimize processes, enhance controls, and deliver best‑in‑class operational support.

• Strong understanding of private credit markets, including direct lending, CLOs, SMA’s, and credit funds
• Familiarity with credit documentation, covenant structures, and borrower reporting
• Back‑end operational experience in workout / restructuring credits

• Oversee end‑to‑end operational workflows for private credit transactions, including loan settlements, cash management, and compliance monitoring.
• Coordinate with third‑party administrators to onboard new SMA, private fund, and CLO accounts, ensuring accurate setup of accounts, loan positions, cash movements and reporting structures.
• Ensure accurate and timely portfolio data for performance reporting and investor communications.
• Review and validate key performance metrics such as IRR and MOIC.
• Maintain internal portfolio systems with up‑to‑date trade, borrower and valuation information.

• Identify inefficiencies and implement scalable solutions to improve accuracy, speed, and transparency across operational functions.

• Hands‑on experience with Clear Par platform for trade affirmation and settlement.
• Ability to manage trade lifecycle from execution through settlement, ensuring accuracy and timeliness.
• Drafting and execution of investor funding memorandum

• Experience liaising with fund administrators for trade settlement, reconciliations, and investor reporting.
• Ownership of position‑level and cash‑level reconciliations across internal systems, agent banks, custodians, and third‑party administrators. This includes resolving discrepancies related to principal balances, PIK, fees, paydowns, amendments, restructurings, etc.
• Lead reconciliation processes following credit events, including amendments, restructurings, exchanges, and non‑accrual designations.

• Experience managing relationships with third‑party suppliers, including onboarding and ongoing due diligence.
• Ability to coordinate internal assessments of vendors for compliance, operational risk, and performance.
• Manage invoice processing, including reviewing, approving, and ensuring timely payment of supplier invoices.
• Address and resolve supplier questions or concerns related to invoices and payment status.

• Experience: 5+ years in operations within private credit, private equity, or alternative investments. Back‑end operational experience in workout / restructuring situations will be viewed as a positive.
• Technical
  
  Skills:
  
  Excellent understanding of loan documentation, settlement processes, and fund structures.
• Team Orientation: Proven ability to work within a small team, manage complex projects, and influence cross‑functional stakeholders.
• Analytical Mindset: Exceptional problem‑solving skills with a focus on continuous improvement.
• Communication: Clear and persuasive communicator with the ability to translate operational insights into strategic recommendations.

$54,000.00 - $99,600.00

Salaried

The above represents BMO Financial Group’s pay range and type.

Salaries will vary based on factors such as location, skills, experience, education, and qualifications for the role, and may include a commission structure. Salaries for part‑time roles will be pro‑rated based on number of hours regularly worked. For commission roles, the salary listed above represents BMO Financial Group’s expected target for the first year in this position.

BMO Financial Group’s total compensation package will vary based on the pay type of the position and may include performance‑based incentives, discretionary bonuses, as well as other perks and rewards.

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