Treasury Manager - Alternatives

Northern Trust; Chicago (IL); On-site; USD 137,000 - 241,000; Full time

Job summary

An established industry player is seeking a Treasury Manager to oversee cash flow, liquidity, and financial risk for its alternative investment funds. This pivotal role involves managing banking relationships, implementing cash forecasting models, and ensuring compliance with regulatory requirements. The ideal candidate will have a strong background in investment operations and treasury management, along with excellent communication skills. Join a collaborative and flexible organization that values employee growth and offers a competitive salary along with a comprehensive benefits package.

Benefits

Comprehensive benefits package

Bonus potential

Flexible working arrangements

Support for community involvement

Qualifications

• 5-10 years of experience in treasury management or corporate finance.
• Strong knowledge of investment operations and treasury management principles.

Responsibilities

• Monitor and forecast daily cash positions for sufficient liquidity.
• Manage banking relationships and evaluate new banking opportunities.
• Ensure compliance with regulatory requirements and prepare reports.

Skills

Investment Operations

Treasury Management Principles

Communication Skills

Alternative Investments

Microsoft Office Suite

Education

Bachelor's degree in Finance

Professional certifications (CTP, CFA, CPA)

Tools

Treasury Management Systems

Financial Modeling Software

Job description

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About Northern Trust
Northern Trust, a Fortune 500 company, is a globally recognized, award-winning financial institution that has been in continuous operation since 1889.

Northern Trust is proud to provide innovative financial services and guidance to the world’s most successful individuals, families, and institutions by remaining true to our enduring principles of service, expertise, and integrity. With more than 130 years of financial experience and over 22,000 partners, we serve the world’s most sophisticated clients using leading technology and exceptional service.

50 South Capital is an alternatives asset management firm that develops comprehensive investment solutions in hedge funds, private equity, and private credit. It manages over $15 Billion in Alternative Fund of Funds and Advisory Custom Accounts. The firm is looking for a Treasury Manager to support operations of our Hedge, Private Equity, Venture, and Credit Funds of Funds, especially following recent fund closings. This role involves managing cash flow, liquidity, banking relationships, and financial risk for the Funds.

Job Summary

The Treasury Manager is a key member of the finance and operations team responsible for managing cash flow, liquidity, and financial risk for 50 South Funds. The role ensures sufficient cash and borrowing capacity for investment and operational activities, maintains banking relationships, and evaluates new banking opportunities.

Role Responsibilities

1. Monitor and forecast daily cash positions to ensure sufficient liquidity.
2. Manage oversight of third-party administrators handling cash transfers and credit lines.
3. Monitor banking fees and maximize interest income.
4. Implement and monitor cash forecasting models to identify liquidity risks.
5. Coordinate investor capital calls and distributions, and communicate with relevant teams.
6. Ensure compliance with Credit Agreements and prepare compliance certificates.
7. Prepare reports on cash flow, credit utilization, and cash optimization metrics for senior management.
8. Provide market insights on interest rates and creditworthiness of banks and lenders.
9. Support investment teams with leverage and credit solutions for deal structuring.
10. Evaluate and improve treasury processes and systems.
11. Ensure compliance with regulatory requirements, including banking and anti-money laundering laws.
12. Stay informed on industry trends, best practices, and emerging risks.

Necessary Knowledge And Skills

• Strong investment operations and treasury management principles.
• Experience with front/middle/back office operations in investments.
• Organized, detail-oriented, with excellent communication skills.
• Experience with alternative investments or investment operations.
• Proficiency in Microsoft Office Suite.

Necessary Experience And Education

• Bachelor’s degree in Finance, Accounting, Economics, or related field.
• 5-10 years of relevant experience in treasury management or corporate finance.
• Experience with treasury management systems and financial modeling software.
• Professional certifications such as CTP, CFA, or CPA are preferred.

Salary Range

$137,400 - 240,400 USD

Includes a comprehensive benefits package, bonus potential, and other well-being benefits.

Working With Us

Join a flexible, collaborative, and stable organization committed to community and employee growth. We encourage internal movement and value an inclusive workplace that supports flexible working arrangements.

Reasonable accommodation

Northern Trust provides accommodations for individuals with disabilities. Contact [e-mail] for assistance.

Apply today and discuss your flexible working needs with us. Together, we can achieve greater.