Associate - Fund Finance Operations

Validus Risk Management is seeking an Associate to join its newly established Fund Finance Operations team, supporting the oversight and management of fund finance debt facilities across private capital clients.

This role offers significant exposure to subscription lines, NAV facilities and other fund-level financing structures that underpin private equity, private credit and alternative investment strategies. As an Associate, you will play a key role in the day-to-day oversight of facility operations, working closely with internal stakeholders, fund managers, lenders and administrators.

You will operate at the intersection of capital markets, private funds and credit infrastructure, applying your experience to manage facility mechanics, oversee lender coordination, review borrowing base reporting and ensure robust operational control.

This position is suited to an experienced professional seeking to further develop their career in fund finance, private credit or capital markets operations, while taking on increased responsibility, ownership and team oversight within a growing platform.

Key Responsibilities

Debt Facility Operations

• Lead the operational management of fund finance debt facilities, including subscription line and NAV-based facilities.
• Oversee facility utilisation, borrowing base capacity and covenant compliance, ensuring proactive monitoring and issue resolution.
• Review and approve drawdowns, repayments, rollovers and interest calculations.
• Act as a key escalation point for complex facility-related queries and exceptions.
• Maintain oversight of facility records and ensure integrity of lender communications.

Borrowing Base & Covenant Oversight

• Oversee the preparation and review of borrowing base certificates, ensuring accuracy and adherence to facility terms.
• Monitor financial covenants, eligibility criteria and concentration limits, proactively identifying risks.
• Lead the escalation and resolution of breaches, coordinating with internal and external stakeholders.
• Own periodic lender reporting, ensuring timeliness, accuracy and consistency.

Lender & Counterparty Coordination

• Serve as a primary point of contact for fund managers, lenders, administrators and internal teams.
• Lead coordination on facility amendments, waivers and consents.
• Oversee documentation management and ensure robust audit trails across all communications and approvals.
• Build and maintain strong counterparty relationships.

Cash Flow & Payment Oversight

• Oversee interest payments, fee calculations and settlement processes, ensuring accuracy and timeliness.
• Review reconciliations of facility balances against internal systems and lender statements.
• Provide oversight on treasury-related activities linked to fund-level financing and liquidity management.

Controls, Reporting & Process Improvement

• Ensure data integrity across systems and reporting outputs.
• Strengthen operational controls, identifying and mitigating risks across processes.
• Lead process improvement initiatives, including automation and efficiency enhancements.
• Oversee and review reconciliations and control checks.
• Maintain and enhance procedural documentation.

Team Leadership & Oversight

• Supervise and mentor junior team members, providing guidance and technical support.
• Review work outputs, ensuring quality and adherence to controls.
• Support training and development of analysts within the team.
• Contribute to resource planning and workflow management.

Requirements:
Required Experience & Skills

Education

• Bachelor’s degree in Finance, Economics, Mathematics, Accounting, or a related discipline.

Experience

• 4–8 years of experience in financial services, with exposure to fund finance, banking, fund administration or credit-related roles.
• Demonstrated experience in overseeing processes and/or managing junior team members.
• Strong understanding of debt facilities, credit agreements and fund structures.

Technical & Analytical Skills

• Advanced numerical and analytical capability.
• Strong control mindset with experience in reviewing and validating complex calculations.
• Advanced proficiency in Excel (financial modelling, data analysis, and review of outputs).
• Ability to interpret financial statements, legal documentation and credit agreements.
• Experience with BI and data visualisation tools (e.g. Alteryx, Tableau) highly desirable.

Behavioural Attributes

• Strong organisational and prioritisation skills.
• High level of ownership and accountability.
• Effective communicator with stakeholder management experience.
• Proactive, solution-oriented mindset with a focus on continuous improvement.

Benefits:
• Validus assesses market data to ensure a competitive compensation package for our employees. The base salary for this position is expected to be between $130,000 and $160,000 per year at the commencement of employment. However, base salary if hired will be determined on an individualised basis, including as to experience and market location, and is only part of the Validus total compensation package, which, depending on the position, may also include, generous bonus, and Company-sponsored benefit programs.
• Performance bonus linked to agreed success criteria - paid semi annually
• 20 days’ holiday (increasing to 25 with tenure) plus bank holidays
• Private health insurance (including dental, optical and mental health)
• Travel insurance
• Learning & development allowance and support for professional qualifications
• No AI is used to screen, assess or select applicants