Manager - Fund Accounting, Treasury

stepstone.fr; San Diego (CA); On-site; USD 160,000 - 170,000; Full time

Job summary

Stepstone.fr is seeking a Vice President, Fund Accounting – Treasury in San Diego, CA to lead wire execution and payment controls, ensuring compliance across various fund-level activities.

The ideal candidate will have over 8 years of experience in fund accounting treasury management and expertise in wire processing and controls, driving strategic banking relationships and ensuring effective payment operations.

Qualifications

• 8+ years of experience in fund accounting treasury, payments, or cash management within asset management or private markets.
• Deep expertise in fund-level wire processing, approvals, controls, and bank platforms.
• Ability to lead teams and make high-stakes, time-sensitive decisions.

Responsibilities

• Oversee fund level wire activity for capital calls, distributions, and expenses.
• Establish and maintain fund accounting standards for wire operations.
• Partner with Investment Operations for real-time visibility into capital movements.

Skills

Fund-level wire processing

Payments management

Leadership skills

ISO 20022 knowledge

Job description

We are global private markets specialists delivering tailored investment solutions, advisory services, and impactful, data driven insights to the world’s investors. Leveraging the power of our platform and our peerless intelligence across sectors, strategies, and geographies, we help identify the advantages and the answers our clients need to succeed.

Position Overview

The Vice President, Fund Accounting – Treasury is the senior subject‑matter authority for wire execution, payment controls, and wire‑related risk management across StepStone‑managed funds. The position oversees a complex operating landscape across multiple asset classes, legal entities, and jurisdictions. The Vice President owns the end‑to‑end governance of fund‑level wire activity, including wire standards, template management, approvals, escalations, and controls. This role ensures wires supporting capital activity, investment funding, expenses, and credit facilities are executed accurately, securely, and in compliance with fund documents, internal controls, and evolving banking standards such as ISO 20022.

Core Responsibilities

• Serve as the final approver and escalation point for all fund level wire activity, including capital calls, distributions, investment funding, fund expenses, and credit facility related payments.
• Establish and maintain fund accounting standards governing wire preparation, independent review, approval, release, and escalation.
• Own wire template and instruction governance, including creation, validation, modification, recertification, retirement, and centralized auditability.
• Ensure robust internal controls and segregation of duties across wire preparation, review, approval, and release, including tiered approval frameworks for material or high risk payments.
• Lead the wire escalation and incident management framework for failed, rejected, delayed, misapplied, or nonstandard wires, serving as the primary fund accounting contact with banks and coordinating with Legal, Compliance, and Risk as needed.
• Own Fund Accounting Treasury readiness for ISO 20022, including updates to wire templates, data standards, controls, and downstream processes to support enhanced reconciliation, transparency, and audit requirements.
• Design, maintain, and continuously enhance wire control frameworks to ensure all fund wire activity is fully traceable, documented, reviewable, and aligned with SOX and audit expectations.
• Partner with Treasury Systems and Technology Enablement to standardize, automate, and scale wire workflows, reducing manual risk while supporting growth across asset classes and fund structures.
• Partner closely with Investment Operations to maintain real‑time visibility into the deal pipeline, ensuring treasury readiness for upcoming closings, capital calls, distributions, and complex transaction structures.
• Coordinate with Credit Operations and Cash Flow teams to plan, fund, and execute deal‑related cash movements, including drawdowns, paydowns, FX execution, and closing wires, while ensuring accuracy, timeliness, and adherence to internal controls.
• Provide strategic oversight of foreign exchange (FX) activity related to fund‑level capital calls, distributions, investment funding, and expenses, ensuring alignment with fund structures, currencies, and settlement timing.
• Partner with Investment Operations, Fund Accounting, and Credit Operations to assess and execute FX strategies, including spot FX, hedging decisions, and timing considerations tied to capital activity and liquidity needs.
• Oversee fund‑level hedging activity, where applicable, including governance of hedging execution, settlement, and coordination with counterparties, while ensuring appropriate documentation and control alignment.
• Lead the assessment and optimization of banking and payment costs, including wire fees, FX spreads, and ancillary bank charges, with a focus on reducing friction and cost at scale across fund structures.
• Serve as a senior owner of strategic banking relationships as they relate to fund‑level treasury operations, including payment rails, FX capabilities, service levels, and issue resolution.
• Evaluate banking products, services, and pricing models to ensure the firm’s fund‑level treasury infrastructure remains scalable, cost‑effective, and aligned with operational and control requirements.
• Support special projects and acquisitions as assigned and needed

Qualifications

• 8+ years of experience in fund accounting treasury, payments, or cash management within asset management or private markets
• Deep expertise in fund‑level wire processing, approvals, controls, and bank platforms
• Hands‑on experience managing large fund account populations (1,000+ accounts)
• Strong working knowledge of ISO 20022 impacts on fund payment operations
• Proven ability to lead teams and make high‑stakes, time‑sensitive decisions
• Strong partnership skills with banks, auditors, technology teams, and fund accounting leadership

Salary Range: 160,000 - $170,000

The salary range is an estimate of pay for this position. Actual pay may vary depending on job‑related factors that can include location, education, skill, and experience. The salary range does not include any benefits or other forms of possible compensation that may be available to employees.

#LI-Hybrid

At StepStone, we believe that our people are our most important asset and crucial to our success. We are an Equal Opportunity Employer that strives to create an environment that empowers our employees and allows them to be heard, regardless of title or tenure. Our organizational community features multiple Employment Resource Groups as well as mentorship programs to enhance the employee experience for all.

As an Equal Opportunity Employer, StepStone does not discriminate on the basis of race, creed, color, religion, sex, national origin, citizenship status, age, disability, marital status, sexual orientation, gender identity, gender expression, genetic information or any other characteristic protected by law.

Candidates must be at least 18 years old to apply.