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.