StepStone is a rapidly growing Global Private Markets firm who provides customized investment and advisory solutions to some of the most sophisticated investors in the world. With $640 billion of total capital allocations, including $143 billion in AUM, we are highly diversified in the private markets across the globe and provide creative solutions to solve for the objectives of any investment program.  With a culture built on entrepreneurialism, partnership and being a team within teams, our firm offers joiners the opportunity to think out loud, collaboratively.

Position Overview

This newly formed position is a dynamic hands-on leadership opportunity for individuals that want a challenge and the rewards associated with the work. It is an opportunity to build and manage 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:

• Play an integral role in the design and implementation of a Treasury Management System
• Build out controls, processes, and workflow around the newly implemented Treasury Management System
• Oversee the maintenance of the Treasury Management System
• Oversee all day-to-day related cash activity functions
• Troubleshoot any daily cash activity issues
• Manage the team members and the day-to-day operations of the team, including:
  • Mentoring and training team members
  • Review work prepared by the team
  • Coordinate deliverables and ensure deadlines are met
  • Preparation of performance review and goal setting
  • Develop training tools and written processes
  • Provide guidance on Treasury best practices
• Provide 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 activity
• Capital management, including determining the timing of Fund capital activity in consultation with the Fund Accounting and Investment Operations teams
• Coordinate capital activity with the third-party fund administrators
• Execute capital activity including reviewing allocations, drafting notices and reviewing notices and ILPA templates
• Credit Facility tracking and reporting
• Manage and execute daily treasury activities, including but not limited to, approving wires, preparing line of credit draws and repayments and approving templates
• Assist in the FX hedging process with the respective asset class teams
• Confirmation and maintenance of LP wiring instructions, new vendors, and underlying general partners to the StepStone managed Funds
• Identify and recommend any treasury related process improvements along with developing and supporting treasury policies, procedures and controls
• Review and maintain SOC 1 compliance; ensuring all proper controls exist over cash receipts, disbursements, and user entitlements
• Monitor 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 needed

Education and/or Work Experience Requirements:

• Bachelor’s degree in Finance, Economics, Accounting or a related field
• 4-5 years of private market industry experience in Fund Accounting or treasury management
• Project management experience

Required Knowledge, Skills, and Abilities

• Strong managerial skills and background
• Acute attention to accuracy and detail
• Strong time management, prioritization, and communication skills
• Strong adaptability to learn new systems and Microsoft tools
• Self-motivated, proactive and focused with a strong work ethic
• Experience with Treasury Management Systems
• Familiarity with Global Payments Standards
• Experience with Power BI, Excel, Power Pivot, and SharePoint
• Willingness to ask questions 

Salary Range - $ 100,000 - $140,000

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.

About us

Working out of 26 offices in 15 countries, StepStone has a truly global viewpoint.  As people are our biggest asset, we offer resources to help our employees reach their full potential.  Our principles are based on integrity, transparency, respect and creativity, which together define how we do business.  

Join us

When you choose to work at StepStone, you'll find a group of professionals who are passionate about anticipating changes, solving problems and working together to make it all happen. Our integrated global team shares insights into how managers think and operate, as well as how they might perform.  

StepStone offers a competitive compensation package including salary and incentive compensation for all full time hires, as well as a comprehensive benefits package.

Benefits

We offer a range of benefits which include comprehensive healthcare, strong retirement plan, a mental health well-being program, paid time off, student loan repayment program for our US office locations, and several wellness initiatives.

Disclaimer / Policy Statements

At StepStone, diversity, equity and inclusion are an integral part of our culture. We are an Equal Opportunity Employer that strives to create an inclusive environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups representing our dedication to Diversity, Equity & Inclusion.  

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.

Developing People at StepStone

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