Senior Associate - Treasury & Fund Operations

Senior Associate - Treasury & Fund Operations

StepStone Group LP (StepStone) seeks a Sr. Associate, Treasury & Fund Operations (TFO) for its La Jolla, CA location.

Essential Job Functions:

• Coordinate critical treasury and investment operations functions across multiple evergreen private debt funds.
• Shape operational strategy, optimize liquidity and ensure seamless execution for sophisticated private credit products.
• Facilitate onboarding of new funds and credit lines within the private credit and private wealth industry.
• Coordinate bank account openings with custodians and manage credit line arrangements.
• Monitor cash balances across multiple investment vehicles to ensure liquidity.
• Execute capital calls, distributions and drawdowns while incorporating GP funding projections into cash planning.
• Record and reconcile investment transactions, including loan disbursements, interest accruals and repayments.
• Calculate liquidity ratios and metrics as part of cash planning and credit facility management.
• Assess borrowing capacity and perform stress testing on cash flows.
• Arrange closings for private debt investments, including corporate loans, CLOs, primary fund commitments and secondary transactions.
• Mentor a team of analysts by managing task allocation, tracking performance and fostering skills development.
• Organize borrowing arrangements, track covenant compliance and schedule repayments.
• Prompt credit line draws and repayments while liaising with credit line teams and lenders to ensure timely execution.
• Liaise with external loan managers, administrators and custodians to maintain operational efficiency. Monitor data quality and ensure accurate and timely bookings.
• Prepare ad-hoc reports for internal and external stakeholders.
• Assist in operating and enhancing private debt platforms and coordinate new processes for multiple funds and administrators.
• Utilize advanced Excel functions, including PivotTables, VLOOKUP/XLOOKUP and VBA, to support analysis.
• Create Power BI dashboards for liquidity and performance reporting.
• Settle loan transactions via ClearPar and leverage systems including Webfolio, WSO and MS Teams.

Requirements:

• Must have a Bachelor's Degree in International Business, Finance, Accounting or a related field followed by 5 years of progressive experience in the job offered or as an Associate: Trade Execution & Treasury, Fund Accountant: Trade Execution & Treasury or a closely related role in the private credit and private wealth sector.
• Full term of required experience must include: Utilizing Advanced Excel (Pivot tables, VLOOKUP/XLOOKUP, VBA) to streamline data analysis and reporting for fund investment operations and treasury;
• Utilizing Power BI dashboard creation for liquidity and performance reporting for private credit business lines to enhance decision-making and transparency in treasury management;
• Utilizing ClearPar to settle loan transactions to ensure accurate and timely processing of private credit investments;
• Utilizing Webfolio, WSO and MS Teams to improve workflow coordination and operational efficiency in fund investment and treasury activities;
• Recording and reconciling investment transactions, including loan disbursements, interest accruals and repayments;
• Monitoring cash flows across multiple investment vehicles to maintain liquidity;
• Calculating liquidity ratios/metrics as part of cash planning and credit facility management;
• Assessing borrowing capacity and stress testing cash flows;
• Performing closings for a variety of private debt investments, including Corporate Loans, CLOs, primary fund commitments, secondary transactions, etc.;
• Mentoring a team of analysts, managing task allocation, performance tracking and skills development while fostering continuous improvement;
• Incorporating GP funding projections into cash planning;
• Onboarding of new funds and credit lines / credit line management in the private credit and private wealth industry;
• Opening bank accounts with custodians;
• Monitoring cash balances across multiple investment vehicles;
• Executing capital calls, distributions and manage drawdowns;
• Organizing borrowing arrangements, tracking covenant compliance and scheduling repayments;
• Prompting credit line draws/repayments and liaising with the dedicated credit line team to ensure timely and accurate delivery of requests to various credit line providers;
• Delivering reports with lenders and internal teams for drawdowns and interest payments;
• Coordinating with external loan managers, administrators and custodians;
• Working on re-registration of loans;
• Monitoring data quality and ensure bookings are recorded in a timely manner;
• Building ad-hoc reports for internal and external stakeholders;
• Organizing the operation and enhancement of private debt platforms;
• Building new processes for multiple funds and administrators.

Direct applicants only. May telecommute up to 2 days per week from within the San Diego metro area. Salary is $124,551/year; 40 hrs/wk. Qualified applicants may visit our website and apply online. StepStone is an EEO/AA Employer.