Treasury Associate – Debt Management (Private Credit)

Treasury Associate – Debt Management (Private Credit), London

• Hybrid role
• Salary: to £85,000 basic salary plus annual bonus and employee benefits

The Opportunity:

• Working for a leading Private Market focused investment business, this is a unique career opportunity for an experienced Treasury professional looking for the next step in their career
• My client is in a significant growth phase and manages of 30 funds in total, with a plan to launch a further 5 over the next quarter
• Recent and future fund structures are of increasing complexity and through the use of leverage facilities will offer increased potential investment gains
• One of the major selling points of this specific opportunity is the Head of Treasury who is very focused on professional and personal development and cross training and is hugely well respected within the wider business. They will be an excellent person to work for and be mentored by
• The Treasury function is high profile and offers tremendous exposure to the wider business
• Due to the increased level of complexity within this role you will be taking a lead with the management and maintenance of Asset Backed Leverage facilities, and this prior experience is key

More specific duties will include:

• Assist with the negotiation of operational terms of new credit facilities, ensuring these are in keeping with the operational practicalities of the funds in question
• Management and maintenance of Capital call facilities, interest/ fee calculations and payments and responsible for the timely completion of compliance reporting under the Capital call facilities

• Management and maintenance of Asset Backed leverage (ABL) facilities. Running models to ensure compliance with all tests, running all required reporting intra-period as well as quarterly compliance reporting
• Assisting with the cash management within funds in line with the ABL facility requirements
• Managing the ESMA reporting requirements under securitisation model for various funds
• Liaising with and managing the relationships with the Collateral administrators and other third-party providers under the facility agreements
• Working with the Treasury team on arranging drawdowns and repayments under the facilities
• Assist with cover on cash management, liquidity forecasting and deal funding across various funds
• Contribute to the FX hedging programme, trade proposal, approval and rebalancing calculations
• Ad hoc project work – automation of reporting required under facilities; data maintenance and completeness validation controls; strategic vendor selection to assist with enhancing the operational aspects of the facilities as required, and other projects as required by Head of Treasury

Your Experience:

• You will have a strong record of academic achievement culminating with an undergraduate degree in a numerate subject, combined with a higher professional qualification ideally in Treasury (ACT) or potentially in Accounting (ACA, ACCA, CIMA) assuming your experience has a relevant Treasury component to it
• Experience in Private Credit / Private Debt is strongly preferred. This experience could come from working for another Private Credit Manager, a Treasury Risk Management Consultancy, or perhaps within Capital Markets
• You must have prior experience in a role with a strong Treasury component to it with knowledge of borrowing base calculations essential
• Prior experience using Kyriba would be beneficial, although it is expected that you will have experience of using a similar Treasury Management System
• Possess strong analytical skills, along with good Excel knowledge / model building skills
• Able to demonstrate effective communication skills, both verbal and written
• Be organized, with exceptional time management skills and great attention to detail

My Client:

• With a 20 year track record of success, my client is a leading Global Private Credit focused investment business
• An ability to provide their sophisticated institutional investors with an ever-increasing level of fund complexity, with a strong focus on downside protection through active risk management
• Focus on sub investment grade corporate credit markets in North America and Europe
• A culture that promotes both personal and professional development
• Situated within beautifully appointed offices in London