Associate, Fund Control - European Private Debt

icg; Warszawa; On-site; PLN 140,000 - 200,000; Full time

Job summary

ICG in Warsaw is seeking an Associate, Fund Control for European Private Debt. You will monitor fund cash balances daily and support liquidity management for several closed-ended private debt funds, working with treasury, fund accounting and external banks.

The role provides exposure to investment operations across SDP and ICG, with travel to London for training and relationship-building. Strong Excel and English communication are essential, interfacing with multiple stakeholders to ensure

Qualifications

• Excellent verbal and written communication skills in English.
• A proactive, self-motivated, and highly organised approach to work.
• Managing multiple priorities and meeting deadlines in a fast-paced environment.
• Exceptional attention to detail and accuracy.
• Strong analytical skills and advanced proficiency in Microsoft Excel.

Responsibilities

• Daily monitoring of Fund cash balances and swift issue rectification.
• Maintain and analyse liquidity management dashboard; provide liquidity recommendations.
• Oversee deal funding: identify funding sources and coordinate with banks and TPAs.
• Propose investor capital calls and distributions with Fund Accounting team.
• Manage bridge/leverage utilisation requests for new loans/rollovers.
• Prepare FX trades and forward hedging; review trades with Treasury.
• Monitor leverage facilities and liaise with internal/external stakeholders.

Skills

English proficiency

Organisation

Time management

Attention to detail

Excel

Prioritisation

Communication

Tools

Microsoft Excel

Job description

Job Title: Associate, Fund Control - European Private Debt

Contract Type: Permanent, full-time

Location : Warsaw, Poland

Department : Fund Control - European Private Debt - Investment Operations

What the Hiring Manager says....

'As a key member of the Fund Control Team for ICG's Direct Lending Strategy, you will primarily take responsibility for liquidity management for several closed-ended private debt funds and play a crucial part in the financing and funding of investments.

You will also engage with a wide range of stakeholders across SDP's Investment Operations team including colleagues in Fund Control, Transaction Execution, Loan Operations and Fund Accounting and within ICG's treasury team, providing analysis and recommendations to senior stakeholders to support decision-making, maintain effective cash management, and execute deal funding and related activities. Externally, you will communicate with banks and oversee the third-party administrators to enable you to timely deliver cashflow forecasting, capital calls and distribution proposals, bridge/leverage facility management and FX trading and hedging monitoring.

This will be a challenging yet rewarding role for someone who is well organised with the ability to work under tight deadlines, able to manage their workload with excellent attention to detail. You will have the opportunity and encouragement to travel to London occasionally (typical one to two times a year) for training and developing relationships with London-based colleagues.

Senior Debt Partners Fund Control Business Summary:

ICG's Senior Debt Partners ('SDP') strategy focuses on European senior direct lending, investing in a diversified portfolio of ICG-originated private deals with corporate borrowers. SDP's fifth vintage - SDP's fifth vintage, SDP V, held its final close in 2024 at $17bn and is currently being invested. The strategy comprises about 40 funds and side-car SMAs which co-invest together into each deal.SDP's Fund Control team oversees investment allocation, deal closing and funding, dry powder and liquidity management, fund borrowing and leverage, FX hedging, fund and deal performance monitoring, investor performance reporting, fund forecasting/ scenario analysis, carried interest, new fund setup/ terms and assisting on investor/ fundraising DDQ requests.SDP Fund Control is a team of six (two in UK + four in Warsaw) and is part of a wider SDP Operations team comprising of Fund Accounting, Transaction Execution, and LoanOps, and also partners closely with the SDP Investor Reporting team.SDP Fund Control supports and closely collaborates with multiple stakeholders across the business including, third-party administrators ('TPAs'), Client Solutions and Marketing, Portfolio Managers/ Investment team, Treasury, Fund Legal, Technology Development and ICG plc finance.

Primary Responsibilities for this role include (but not limited to):

• Daily monitoring of Fund cash balances, working swiftly to rectify any issues.
• Responsibility for the liquidity management dashboard (monitoring tool) including preparation, analysis and making liquidity recommendations.
• Responsibility for deal funding including agreeing funding sources and availability; engaging with ICG's Operations team and externally with banks and third-party administrators as applicable.
• Proposing investor capital calls and distributions, working closely with ICG's Fund Accounting team on execution.
• Responsibility for bridge/ leverage utilisation requests (for new loans and rollovers).
• Preparing FX trades and forward hedging positions. Reviewing FX trades following execution by ICG's Treasury team.
• Monitoring and compliance oversight of active leverage facilities, including:
  • Reviewing reports prepared by third-party administrators.
  • Developing an understanding of key facility agreement terms
  • Liaising with deal teams regarding supporting investment metrics
  • Acting as a central point of contact for leverage-related queries from internal and external stakeholders

Key Requirements / Qualifications

You will have demonstrable experience of:

• Excellent verbal and written communication skills in English.
• A proactive, self-motivated, and highly organised approach to work.
• Managing multiple priorities and meeting deadlines in a fast-paced environment.
• Exceptional attention to detail and accuracy.
• Strong analytical skills and advanced proficiency in Microsoft Excel.
• Willingness to travel to London periodically for training and team meetings.

Desirable:

• Experience in liquidity management and financing facility oversight.
• Experience overseeing work prepared by third-party administrators.

Our Global Benefits Framework is centred around these 3 key attributes:

• Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs
• Inclusivity - Fit for purpose and competitive, no matter who or where you are
• Longevity - Long Term and sustainable in design

Inclusion is one of ICG's key values and we a