OverviewAs a member of the Private Equity Operations Team, the Senior Associate, Treasury Operations will provide operational support for Adams Street's fund investment entities and separate account clients, with a focus on cash movements, wire processing, cash reconciliations, and related internal controls.
This role is an experienced individual contributor who can independently manage day-to-day treasury workflows and apply sound judgment to exceptions. The Senior Associate will have demonstrated knowledge of end-to-end wire processing and will work closely with other internal and external partners to execute transactions accurately, resolve issues, and improve operational processes.
ResponsibilitiesResponsibilities include, but are not limited to:
- Process transactions for fund investment entities and separate account clients, including capital calls, distributions, and other investment-related cash activity.
- Initiate, monitor, and settle domestic and international cash wire and FX transactions through the treasury management system and applicable banking platforms.
- Apply working knowledge of wire setup, payment workflows, transaction verification, approval requirements, settlement monitoring, and exception resolution.
- Follow established security protocols and internal controls for wire processing, escalating unusual, incomplete, or higher-risk activity to the appropriate manager.
- Reconcile investment fund cash activity daily and support the resolution of complex or aged reconciliation breaks in partnership with Investment Accounting.
- Interact with custodian banks, administrators, investment fund contacts, and other external partners to prevent and resolve operational issues.
- Respond to requests for information from internal and external stakeholders with accurate, clear, and timely information.
- Contribute to process improvements, application development, testing, automation, and rollout initiatives that improve scalability and reduce manual effort.
- Support cross-functional projects with Investment Accounting, Client Operations, Technology, and other teams.
- Develop a strong understanding of Adams Street's investment strategies, private markets operations, and operational infrastructure.
- Comply with all internal controls, audit requirements, security measures, compliance standards, and firm policies.
QualificationsEducation and Work Experience- Undergraduate degree required.
- 4-6 years of relevant experience in treasury operations, cash management, financial operations, or a related function within financial services.
- Experience in a high-volume, control-focused environment with responsibility for managing multiple priorities and changing deadlines.
- Experience with private equity, private credit, or other private markets asset classes required.
- Demonstrated experience processing cash wires and working with banking platforms, including domestic and international payments.
- Practical knowledge of wire workflows, including setup, payment release and approval processes, settlement, monitoring, and resolution of exceptions.
Communication- Strong communication skills and the ability to work effectively with colleagues and external contacts across functions and levels of seniority.
- Ability to clearly communicate transaction details, issues, risks, and recommended next steps.
- Ability to write accurate, clear, concise, and professional messages.
Work Style- Strong sense of ownership and accountability, with the ability to work independently and escalate issues appropriately.
- Detail-oriented, process-minded, and precise, with a consistent focus on accuracy and control adherence.
- Sound judgment and a proactive, solution-oriented approach to identifying and resolving operational issues.
- Collaborative team player who is willing to share knowledge, support team coverage, and contribute to team priorities.
- Demonstrated ability to prioritize workflow throughout the day while managing changing deadlines in a fast-paced environment.
- Interest in identifying inefficiencies and bringing forward practical ideas for process improvement and automation.
Technical Skills- Advanced Excel skills required; VBA, programming, data analysis, or automation experience is a plus.
- Experience with treasury management systems, banking portals, proprietary software programs, and database systems.
- Strong working knowledge of wire processing and cash movement workflows; familiarity with FX transactions is preferred.
We offer a competitive U.S. benefits package designed to support health, financial security, and work-life balance. Highlights include medical, dental, and vision coverage; a 401(k) with immediate vesting and employer match; profit sharing; flexible spending accounts (FSA); and paid parental leave, including adoption. Employees also receive generous paid time off, commuter benefits, employer-paid short- and long-term disability and life insurance, and access to additional voluntary benefits.
Illinois Pay Transparency
$90,000-$115,000 USD
