Associate - Investment Operations - Cash Management & Loan Allocation Reviewer

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

Position Overview

The Associate will review instructions prepared by junior team members in relation to (i) cash and liquidity management across multiple private debt funds; and (ii) loan allocations and related fundings on StepStone’s private debt platform. This role will ensure operational accuracy, compliance with internal policies, and timely execution of treasury and funding-related processes. The reviewer will act as a key point of escalation, provide guidance to more junior team members and drive process improvements.

Key Responsibilities

• Review cash related instructions such as Money Market Fund (MMF) subscriptions/redemptions, FX spots/swaps, credit line draws/repayments and investor capital calls.
• Review the allocation of private loans to relevant share classes in line with StepStone’s allocation policy.
• Review capital calls/distributions/transfers related to loan investments on StepStone’s Private Debt Platform.
• Work closely with number of external loan managers, Administrators and Custodians
• Drive the implementation of workflow enhancements/automation to improve efficiency and reduce operational risk
• Perform other duties as requested or as responsibilities dictate
• Assist the team with day-to-day operations

Education and/or Work Experience Requirements

• Bachelor’s degree from a top-tier institution
• 4-6 years of relevant experience in investment operations, treasury, or middle-office roles within asset management or private markets.
• Strong understanding of cash and liquidity management, FX hedging, credit facilities, and capital call processes.
• Prior exposure to Private Debt asset class preferred.
• Demonstrated ability to supervise and review high-volume, time-sensitive processes with accuracy and attention to detail.

Skills & Attributes

• Attention to detail
• Ability to prioritize and manage multiple deadlines in a fast-paced environment.
• Excellent analytical and problem-solving skills with a process-oriented mindset.
• Strong leadership and communication skills; ability to influence and guide team members.
• Highly proficient in Microsoft Excel, Word, and other Office applications; familiarity with automation tools is a plus.
• Flexible and collaborative approach; thrives in a dynamic, entrepreneurial setting.

#LI-Hybrid

At StepStone, we believe that our people are our most important asset and crucial to our success.  We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure.  Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.  

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.

Candidates must be at least 18 years old to apply.

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