Associate, Treasury

The Treasury Associate sits in our Fund Finance team and helps run treasury operations across Pantheon’s commingled funds, separately managed accounts, and special purpose vehicles. You will oversee cash flow forecasting, sign off on capital calls, distributions and credit facility activity, manage our external outsource provider, and execute FX and money-market trades. You will partner closely with deal teams, finance, legal, compliance, investor relations, banks, lenders and fund administrators — and contribute to scaling the platform as cash and debt under management grow. You will operate the firm’s Treasury Management System (Hazeltree).

Liquidity and cash management

• →Oversee cash flow forecasting for Pantheon’s funds across all strategies, partnering with the investment, finance and investor relations teams.
• →Sign off on investor capital calls and distributions.
• →Monitor liquidity across all accounts to make sure we can meet new investments, calls, distributions, fees and expenses.
• →Run treasury operations for legacy and wind-down funds, including quarterly distribution processing.
• →Support processes relating to the liquidation of public stock positions.

Subscription and NAV credit facilities

• →Manage the external outsource provider responsible for tracking facility data, producing borrowing base and covenant calculations, and shadow interest calculations.
• →Sign off on credit facility drawdowns, repayments, rollovers and compliance reporting.
• →Track facility limits, key covenant dates and documentation. Escalate breaches or approaching thresholds promptly.
• →Coordinate with internal teams and lenders on facility renewals and notices.

FX and cash investment

• →Review and execute FX trades to support liquidity and FX exposure decisions.
• →Review and execute money-market fund trades and term deposits to support liquidity decisions.
• →Run the firm’s cash yield programme in line with approved investment guidelines to enhance yield.

Payments, systems and team oversight

• →Act as signatory for sensitive new deal wires and other urgent payments.
• →Support oversight of the Treasury team’s day-to-day activities — liquidity, FX execution, deal settlement, facility management and tackling investor queries.
• →Support the Treasury Management System upgrade project and other systemisation initiatives.
• →Lead the build-out of processes to support growth in cash and debt under management and assess further outsourcing to external providers.
• →Keep fund mapping, account hierarchies and static data in Hazeltree complete and current. Reconcile TMS records against custodian and bank data; resolve breaks quickly.

Controls, compliance and stakeholder partnering

• →Ensure compliance with relevant laws, regulations and Pantheon policy. Report compliance risks promptly and maintain high standards of conduct.
• →Be a primary point of contact for internal stakeholders (investment, risk, fund finance, legal, compliance, investor relations) and external partners (banks, auditors, outsource providers, fund administrators).

Essential

• Strong treasury experience in private equity, private credit, infrastructure or a hedge fund is essential.
• Hands-on experience with a Treasury Management System. Hazeltree strongly preferred.
• Detailed knowledge of subscription credit facilities and NAV financing, including drawdown mechanics, borrowing base and covenant monitoring.
• Comfortable executing FX spot and forward trades and money-market fund transactions in a fund context.
• Strong grasp of payment controls and segregation of duties.
• High Excel proficiency and office applications.
• Track record of working accurately under deadline pressure in a high-volume environment.
• ACT Certificate in Treasury (CertT) or equivalent qualification (CFA)

Desirable

• Experience managing small Treasury Teams.
• Exposure to TMS implementation or treasury transformation projects.
• Familiarity with fund lifecycle management.
• Familiarity with SWIFT messaging standards and custodian reporting platforms.
• Working proficiency in Python/SQL/Cala or other programming languages

How you will show up 

• Meticulous, with strong ownership of operational accuracy.
• A proactive communicator who manages stakeholder expectations
• A collaborator comfortable working across investment, finance, legal and compliance teams.
• Curious about how to make things better, identifying inefficiencies and contribute ideas to fix them.
• High professional standards. Aligned to our values and our risk culture.

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