Associate, Fund Control – European Private Debt

Intermediate Capital Group Polska Sp. z.o.o; Warszawa; On-site; PLN 180,000 - 280,000; Full time

Benefits offered by this job

Global benefits

Job summary

Intermediate Capital Group Polska Sp. z.o.o is seeking an Associate in Fund Control – European Private Debt to manage liquidity, forecast cash flows, and coordinate funding for multiple closed-ended funds.

You will work with internal teams across Investment Operations, Treasury and Fund Accounting and interact with banks and TPAs. The role requires sharp attention to detail, strong Excel skills, fluent English, and the ability to juggle multiple priorities under tight deadlines.

Qualifications

• Excellent verbal and written communication in English.
• Proactive, self-motivated and highly organised.
• Ability to manage multiple priorities in a fast-paced environment.
• Strong attention to detail and accuracy.
• Strong analytical skills and advanced Excel proficiency.
• Willingness to travel to London periodically for training.

Responsibilities

• Daily monitoring of Fund cash balances and quick issue resolution.
• Maintain liquidity management dashboard and provide analysis.
• Oversee deal funding including funding sources and banks/TPAs.
• Propose investor capital calls and distributions with Fund Accounting.
• Manage bridge/leverage utilisation and FX hedging positions.
• Review FX trades with Treasury and monitor leverage facilities.
• Act as central point for leverage-related queries from internal/external stakeholders.

Skills

English (fluent)

Excel proficiency

Analytical skills

Attention to detail

Time management

Communication skills

Travel willingness

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 (typically 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

• 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 are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve.

Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law. We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.

Our Purpose Creating value by providing capital to help businesses develop and grow through private and public markets

Our Vision Global leadership in alternative asset management, focusing on a core set of outstanding products and creating value for shareholders, clients and employees

Our Culture Our culture centres around long-term relationships with a wide range of stakeholders; sustainable investment excellence; and a world class team demonstrating integrity, diversity and collaboration