Senior Associate - Treasury & Fund Operations

StepStone Group•La Jolla, CA

21h•Hybrid

About The Position

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed. Position Overview: 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 at https://www.stepstonegroup.com/current-opportunities/ and apply online (Job ID 12312/VN). Direct applicants only. StepStone is an EEO/AA Employer. The salary range is an estimate of pay for this position. Actual pay may vary depending on job-related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees. #LI-Hybrid At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all. As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law. Candidates must be at least 18 years old to apply. Developing People at StepStone

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.

Responsibilities

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.