Financial Services, Investment Management, Private Equity

Senior Manager, Cash Flow - Fund Accounting

United StatesOnsiteFull TimeManager / Head$140,000–$150,000 /yrPosted 22 days agoVisa sponsorship available

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Required skills

cash flow
fund accounting
capital calls
distributions
investment funding
expense cash flows
workload management
administrator coordination
private-market
controls

Nice to have

private-market fund accounting
treasury
cash flow operations

Role summary

StepStone is seeking a Senior Manager, Cash Flow - Fund Accounting to lead daily cash flow and capital activities for a portfolio of private-market funds. This role involves hands-on review of capital calls, distributions, investment funding, and expenses, alongside workload management and administrator coordination. The manager will collaborate with various internal teams and external administrators to ensure accuracy and timeliness, escalating complex issues as needed. Key responsibilities include applying established controls, managing team workload, and coaching staff. A Bachelor's degree in Accounting, Finance, or Economics and 7+ years of relevant experience, preferably in private-market fund accounting or treasury, are required. A CPA is preferred.

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 Senior Cash Flow Manager leads day-to-day cash flow and capital activity for an assigned portfolio of StepStone-managed private-market vehicles and the team supporting that portfolio. The role combines hands-on review of capital calls, distributions, investment funding and expense-related cash flows with workload management, administrator coordination and disciplined execution of Fund Accounting controls.

Working with Fund Accounting leadership, Treasury Operations, Financial Reporting, Investment Operations, Capital Markets, Tax and external administrators, the manager ensures activity is accurate, supported and timely. Complex transactions, control exceptions and material funding risks are escalated to the Vice President or designated leadership. The role implements established policies within its assigned scope, rather than setting firmwide governance or owning all asset-class teams.

Essential Job Functions:

Oversee capital calls, distributions, investment funding and expense-related cash flows for assigned funds; manage the capital activity calendar and review priorities

Coordinate administrator deliverables, internal review milestones and fund-specific requirements; communicate cash requirements, dependencies and timing risks

Review investor allocations, notices, ILPA templates and supporting schedules against fund terms and approved inputs; resolve discrepancies and document required approvals

Track investor receipts and funding status, follow up on missing wires and late payments, and coordinate closing requirements with Investment Operations and deal teams

Escalate unresolved funding shortfalls, unusual allocations, complex capital events and control exceptions promptly to Fund Accounting leadership

Apply established controls, including segregation of duties, documented preparation and review, exception tracking and SOX-aligned controls where applicable; maintain audit support and propose corrective actions

Coordinate payment readiness within delegated approval limits. Treasury Operations retains payment execution, bank administration and entitlements; this role has no unconditional final wire-release authority

Coordinate withholding schedules and EFTPS or jurisdiction-specific payment timing with Tax, without independently determining tax treatment. Share funding dependencies with Credit Operations; facility draws, repayments and borrowing operations remain with that team

Manage the assigned team's workload, coverage and concurrent deadlines; escalate capacity constraints. Team size and direct-report scope are subject to confirmation

Coach staff on fund mechanics, review quality, controls and stakeholder communication; provide timely feedback and identify development needs

Maintain tracking tools and dashboards for activity, funding, exceptions and deadlines; implement approved automation and process improvements while preserving review controls and improving administrator handoffs and data quality

Education and/or Work Experience Requirements:

Bachelor's degree in Accounting, Finance, Economics or a related field; CPA preferred

7+ years of relevant experience, with preferred experience within private-market fund accounting, treasury or cash flow operations experience, including capital activity review and administrator coordination

Required Knowledge, Skills, and Abilities:

Strong knowledge of private-market capital mechanics, allocations, calls, distributions and funding; ability to interpret fund-specific requirements, review schedules, maintain review evidence and exercise sound escalation judgment.

Demonstrated ability to supervise or lead a cash flow operations team, prioritize concurrent deadlines and coach staff.

Clear written and verbal communication, strong attention to detail and practical judgment under time pressure.

Experience improving operational tracking, reporting or repeatable workflows.

Base Salary: $140,000 - $150,000

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.

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