At a Glance
- Tasks: Manage treasury operations, cash flow forecasting, and execute FX trades for Pantheon’s funds.
- Company: Join Pantheon, a leader in private markets investing with a collaborative culture.
- Benefits: Competitive salary, diverse team, and opportunities for professional growth.
- Other info: Exciting career growth potential in a supportive and inclusive workplace.
- Why this job: Be part of a dynamic team solving complex financial challenges in a fast-paced environment.
- Qualifications: Strong treasury experience and proficiency in Treasury Management Systems required.
The predicted salary is between 50000 - 70000 € per year.
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for an innovative approach to investing in secondaries, co-investments, and primary fund investments, as well as capital formation across commingled funds, evergreen vehicles and customized solutions. Our specialist investment capabilities span multiple strategies across private equity, infrastructure and real assets, and private credit. Through our collaborative and committed culture, we find new ways to solve complex problems together and deliver innovative investment opportunities across private markets. Pantheon currently manages approximately $82.3 billion in AUM across all its strategies, serving more than 750 institutional and 638 private wealth clients worldwide.
Purpose of Position
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).
Key Responsibilities
- 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).
Knowledge & Experience Required
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.
This job description is not to be construed as an exhaustive statement of duties, responsibilities, or requirements. You may be required to perform other job-related duties as reasonably requested by your manager. Pantheon is an Equal Opportunities employer, we are committed to building a diverse and inclusive workforce so if you're excited about this role but your past experience doesn't perfectly align we'd still encourage you to apply.
Associate, Treasury in London employer: Pantheon Ventures Careers
Pantheon is an exceptional employer, offering a collaborative and innovative work culture that empowers employees to tackle complex challenges in private markets investing. With a strong focus on professional growth, employees benefit from extensive training opportunities and the chance to work alongside industry experts in a dynamic environment. Located in a vibrant city, Pantheon provides a supportive atmosphere where diversity and inclusion are celebrated, making it an ideal place for those seeking meaningful and rewarding careers.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, Treasury in London
✨Tip Number 1
Network like a pro! Reach out to folks in the industry, attend events, and connect with people on LinkedIn. You never know who might have the inside scoop on job openings or can put in a good word for you.
✨Tip Number 2
Prepare for interviews by researching Pantheon and its investment strategies. Understand their approach to treasury operations and be ready to discuss how your skills align with their needs. Show them you’re not just another candidate!
✨Tip Number 3
Practice your pitch! Be clear about your experience in treasury management and how it relates to the role. Highlight your hands-on experience with Treasury Management Systems and your ability to work under pressure.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re genuinely interested in joining the team at Pantheon.
We think you need these skills to ace Associate, Treasury in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experiences that align with the Treasury Associate role. Highlight any relevant treasury experience, especially in private equity or credit, and don’t forget to mention your hands-on experience with Treasury Management Systems like Hazeltree.
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you’re excited about the role and how your background makes you a perfect fit. Be sure to mention your collaborative spirit and how you can contribute to our team at Pantheon.
Showcase Your Technical Skills:Since this role requires strong Excel proficiency and familiarity with financial systems, make sure to highlight these skills in your application. If you have experience with programming languages like Python or SQL, definitely include that too!
Apply Through Our Website:We encourage you to apply directly through our website for the best chance of getting noticed. It’s the easiest way for us to keep track of your application and ensure it reaches the right people!
How to prepare for a job interview at Pantheon Ventures Careers
✨Know Your Treasury Basics
Make sure you brush up on your treasury fundamentals, especially around cash flow forecasting and credit facilities. Understanding how these elements work in a private equity context will show that you're not just familiar with the theory but can apply it practically.
✨Familiarise Yourself with Hazeltree
Since the role involves operating the Treasury Management System, it’s crucial to have a good grasp of Hazeltree or similar systems. If you can, try to get some hands-on experience or at least watch tutorials to understand its functionalities before the interview.
✨Prepare for Stakeholder Scenarios
Given the collaborative nature of the role, think about past experiences where you've worked with different teams like finance, legal, or compliance. Be ready to discuss how you managed stakeholder expectations and resolved conflicts, as this will demonstrate your communication skills.
✨Show Your Analytical Skills
With a focus on liquidity management and FX execution, be prepared to discuss how you approach problem-solving in high-pressure situations. Bring examples of how you've used Excel or other tools to analyse data and make informed decisions, as this will highlight your analytical prowess.
