Head of Treasury
Pantheon has been at the forefront of private markets investing for more than 40 years, earning a reputation for providing innovative solutions covering the full lifecycle of investments, from primary fund commitments to co-investments and secondary purchases, across private equity, real assets and private credit.
We have partnered with more than 650 clients, including institutional investors of all sizes as well as a growing number of private wealth advisers and investors, with approximately $65bn in discretionary assets under management (as of December 31, 2023).
Leveraging our specialized experience and global team of professionals across Europe, the Americas and Asia, we invest with purpose and lead with expertise to build secure financial futures.
For further details please visit www.pantheon.com
Purpose of Position: The Head of Treasury will be responsible for providing strategic leadership and direction to the Treasury function, ensuring alignment with the firm's overall goals and objectives. This senior role is responsible for managing the platform’s liquidity, capital calls and distributions, currency exposures, lending and short-term cash management. The ideal candidate will bring deep Treasury experience within private markets, strong analytical capabilities, and a proactive approach to supporting investment activity and investor expectations. This role involves driving innovation, fostering a high-performance culture, and ensuring the Treasury team is equipped to support the firm's growth and investment activities.
Reporting to: Head of Fund Finance
Key Responsibilities
Liquidity, Cash Flow Management and Deal Funding
- Lead the development and execution of cash flow forecasting models across funds and entities.
- Ensure optimal liquidity to meet capital calls, funding of investments, fee payments, GP commitments, and distributions.
- Manage short-term cash investments to maximize yield within defined risk parameters.
- Ensure timely funding of new deals
Capital Call & Distribution Management
- Oversee capital call scheduling and coordination across multiple fund vehicles, working alongside the Fund Finance team and external service providers, such as fund administrators.
- Monitor and manage fund-level and investor-level distribution processes.
- Manage subscription line facilities or other treasury solutions to bridge cash flow timing.
FX & Risk Management
- Manage foreign exchange exposure across global investment structures.
- Implement hedging strategies to mitigate currency risk, alongside the Portfolio Management team.
- Collaborate with Risk and Compliance to ensure treasury operations meet regulatory standards.
Banking & Counterparty Management
- Establish and maintain strong relationships with banks, fund administrators and other similar financial service providers.
- Ensure service providers deliver services in line with agreed SLA’s.
- Negotiate banking terms, FX services, credit facilities, and custody arrangements, when required.
Controls, Compliance & Reporting
- Implement and maintain robust controls over cash management, payment processes, and bank account access.
- Ensure compliance with AIFMD, SEC, and other applicable regulatory frameworks.
- Produce regular treasury dashboards and ad hoc reports for senior management, investors, and auditors.
Investor Support & Internal Collaboration
- Support Investor Relations and Fundraising teams in responding to LP due diligence queries.
- Work closely with Fund Finance, Portfolio Management, Legal, and Operations teams on capital activity and treasury planning.
- Contribute to firmwide initiatives, including system implementations and process automation.
- Support liquidation of public stock positions received as distributions in kind.
Knowledge & Experience:
- Extensive leadership experience within a treasury or financial management role.
- Proven track record of driving strategic initiatives and leading high-performing teams.
- Deep understanding of private market asset classes and Treasury products (FX, debt facilities, MMFs).
- Experience with complex lending structures and credit facilities.
- Demonstrable experience in continuous operational change and process development.
- Excellent communication skills, both written and verbal, with prior experience dealing with a global client base.
- Proficiency in MS Office, particularly Excel.
- Strong ability to manage own workload and prioritize delivery.
- Exceptional attention to detail.
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.
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