Treasury Manager
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
This position is a dynamic hands-on opportunity for individuals that want a challenge, and the rewards associated with the work. It is an opportunity to be a part of a new team and function that will have a significant impact on the Fund Accounting team and the Firm. The Treasury Operations team will focus on the cash operations, liquidity management, cash forecasting, capital activity, and all related treasury functions on StepStone managed vehicles.
This person will be instrumental in designing and implementing processes and technology enabled treasury solutions that will leverage the team to be more efficient and scalable. This role will foster their personal development as well as developing job-related skills while facilitating a collaborative working environment.
The person will work directly with the FA leadership teams as they build out the processes and platform of the Treasury Operations team. This person will need to think creatively to develop fresh approaches to challenges and will develop exceptional project management skills.
Essential Job Functions :
- Oversee the maintenance of the Treasury Management System
- Oversee all day-to-day related cash activity functions across Asset Classes
- Troubleshoot any daily cash activity issues
- Management of the day-to-day operations, including :
Mentoring and training
Review work prepared by analystsCoordinate deliverables and ensure deadlines are metPreparation of performance review and goal settingDevelop training tools and written processesProvide guidance on Treasury best practicesProvide cash projections and other monitoring tools needed for the Fund Accounting team to manage the Funds which will include cash positioning and tracking the inflows / outflows of underlying investment activityCapital management, including determining the timing of Fund capital activity in consultation with the Fund Accounting and Investment Operations teamsCoordinate capital activity with the third-party fund administratorsExecute capital activity including reviewing allocations, drafting notices and reviewing notices and ILPA templatesCredit Facility tracking and reportingManage and execute daily treasury activities, including but not limited to, approving wires, preparing line of credit draws and repayments and approving templatesAssist in the FX hedging process with the respective asset class teamsConfirmation and maintenance of LP wiring instructions, new vendors, and underlying general partners to the StepStone managed FundsReview vendor invoices and prepare the allocations to fundsReview fund legal agreements to determine allowable expensesReview invoices against contracts and engagement letters from outside vendorsReconcile payables and receivables between funds and corporate accounting recordsBuild reference tools and process documents to support the fund expense allocationsDaily management of the Accounts Payable and Treasury mailboxIdentify and recommend any treasury related process improvements along with developing and supporting treasury policies, procedures and controlsMonitor and oversee bank account services including bank account administration, evaluate and make recommendations on banking products and services, while maintaining strong relationships with our banking partners.Support special projects and acquisitions as assigned and neededQualifications :
Bachelor's degree in Finance, Economics, Accounting or a related field3-4 years of private market industry experience in Fund Accounting or treasury managementProject management experienceRequired Knowledge, Skills, and Abilities :
Strong managerial skills and backgroundAcute attention to accuracy and detailStrong time management, prioritization, and communication skillsStrong adaptability to learn new systems and Microsoft toolsSelf-motivated, proactive and focused with a strong work ethicExperience with Treasury Management SystemsFamiliarity with Global Payments StandardsExperience with Power BI, Excel, Power Pivot, and SharePointWillingness to ask questionsSalary Range - $100,000 - $120,000
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.
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.