Job Opportunity
Treasury Associate
Confidential | Chicago, IL
Job Summary
$40B AUM hedge fund. Maintain cash forecasting analyses for alternative investment funds. Actively manage all the investment funds cash activity and the liquidity and settlement for underlying fund investments. Bachelor’s degree in finance or accounting. 3+ years of business experience in the financial industry or in public accounting.
Details
A prestige $40B AUM hedge fund that specializes in derivatives and hedging is looking to fill a Treasury Associate in Chicago, IL. The ideal candidate will have 3 or more years of business experience in the financial industry or in public accounting. The Company hires the best and the brightest people and has an amazing culture that feels like a family atmosphere. They pride themselves on promoting people around interdepartmentally.
Treasury Associate Job Responsibilities include:
- Maintain cash forecasting analyses for alternative investment funds, including offshore and domestic domiciled limited partnerships and corporations.
- Actively manage all the investment funds’ cash activity and the liquidity and settlement for underlying fund investments.
- Assist in the management of foreign currency trading and exposure by forecasting, trading, and settling foreign currency forwards.
- Assist in the establishment of credit facilities. Test and report on covenants.
- Assist in the management of banking relationships and maintenance of liquidity lines of credit, including monthly compliance reporting.
- Participate in the management of counterparty risk by diversifying exposures to various counterparties, monitoring the financial health of counterparties, including credit ratings and CDS premiums, reviewing quarterly and annual financial reports and presenting trends to the CFO.
- Liaise between the firm and its external vendors including banks, administrators, and trading counterparties.
Qualifications:
- Bachelor’s degree in Finance or Accounting.
- 3 or more years of business experience in the financial industry or in public accounting. A prior focus in the asset management segment of the financial services industry is preferable, and particularly in the alternative investment segment.
- Background in foreign currency funds and valuation a plus.
Working knowledge in the following areas:
- Cash and Liquidity Management.
- Cash Management and Execution.
- Cash Forecasting and Settlement.
- Lending Facilities Management.
- Portfolio Hedges.
- Calculate foreign currency exposure and the impact of offsetting risk by utilizing forward foreign currency contracts.
- Counterparty Risk Management.
- Monitor various counterparties.
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- Min Education: BA/BS
- Min Experience: 3 years