Senior Associate, Treasury

Purpose of Position

The Senior Associate sits in our Fund Finance team and helps run Treasury 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.

Key Responsibilities

Liquidity and cash management

• Lead and Manage cash flow forecasting for Pantheon’s funds across all private debt and Private equity strategies, partnering with the investment, finance and investor relations teams.
• Sign off on investor capital calls and distributions.
• Monitor liquidity across all accounts and provide bespoke reporting to portfolio managers 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.

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.
• Identify opportunities to maximise yield in line with approved investment guidelines.

Payments, systems and team oversight

• Act as signatory for sensitive new deal wires and other urgent payments.
• Assume line management responsibility to support 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 (Hazeltree)
• Lead the improvement of processes to support growth in cash and debt under management and assess further outsourcing to external providers.

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).

Artificial intelligence

• Identify and scope AI use cases across Treasury liquidity analytics, cash forecasting, idle cash deployment, document and legal review, and bank account / KYC onboarding workflows.
• Build the business case and own the roadmap quantify the impact of each use case, prioritise against capacity, and sequence delivery.
• Deliver tooling into day-to-day Treasury operations partner with Tech, Strategy & Business Management and the Data team to embed solutions through Databricks, Hazeltree and Claude.
• Build team capability develop the team's prompting standards, skills framework and quality review process so outputs are dependable and consistently adopted across the function.

Knowledge & Experience Required

Essential

• Deep and comprehensive treasury experience in private equity, private credit is essential.
• Experience designing, implementing or upgrading a Treasury Management System.
• Hands-on experience of subscription credit facilities and NAV financing, including drawdown mechanics, borrowing base and covenant monitoring.
• Comfortable executing FX trades and money-market fund transactions in a fund context.
• Strong grasp of payment controls, wire verification protocols and segregation of duties.
• High Excel proficiency (VBA required)
• 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.
• Practical knowledge of applying AI in a treasury context
• 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

Personal Attributes

• Driven and meticulous with strong ownership and accountability.
• A proactive communicator who manages stakeholder expectations and escalates appropriately
• Collaborative comfortable working across investment, finance, legal and compliance teams.
• Curious about how to make things better. You spot inefficiencies and contribute ideas to fix them.
• High professional standards. Aligned to our values and our risk culture.