About 17Capital
17Capital is a private credit manager, specializing in NAV finance for the private equity industry. It provides non-dilutive capital to high-quality private equity management companies, funds, and institutional investors as part of their toolkit for value creation and portfolio management. Founded in 2008, 17Capital has completed over 100 investments and 50 exits, deploying more than $13 billion since inception. 17Capital has raised $13 billion across six successive funds and mandates.
In 2022, Oaktree acquired a majority interest in 17Capital. This mutually beneficial partnership strengthens the two firm’s standing as partners of choice in the private equity sponsor community. 17Capital operates as an independent business within the Oaktree family, with its own product offerings and investment, marketing, and support teams.
For more information, please go to www.17capital.com
17Capitals Values
Our values are the basis on which we build strong relationships with our clients, our investors and each other. They are the foundation of our business and integral to our continued ability to pioneer success.
Build trust – We behave and act in ways that earn trust
Embrace “different” – We embrace new ideas and constantly strive to discover new ways of doing things
Make things happen – We are agile and responsive in a way that delivers success for all our stakeholders
Strive for excellence – We act with professionalism and adhere to our high standards
Overview of Department
The Fund Finance team currently comprises 13 team members who have responsibility across the preferred equity and credit funds. This is a rare opportunity to join an expanding and high-performing team supporting the ambitious growth plans of the business.
Position Summary
We are looking to add an Associate to the Investment Operations team. This is an exciting opportunity to help build out a newly created team at a leading private credit manager.
The successful candidate will have advanced MS Excel modelling experience and will have a mandate to enhance in-house performance/portfolio analysis models as well as undertaking complex excel based analysis to support valuation topics. The candidate will have experience with Power BI and will be involved with enhancing the ability of the business to report to stakeholders via Power BI reports and dashboards. As part of this, the candidate will have experience creating and working with large volumes of structured data and using this data for analysis.
The focus of the role will be operational, to provide best-in-class execution, under the guidance of the Investment Operations VP. Alongside this, good data governance and data capture into 17Capital systems will be a core remit. The role will require the individual to be confident in liaising with stakeholders across the business and externally.
The role is highly analytical, requires a keen eye for detail, ability to interpret deal documents to understand commercial terms, and an enthusiasm for operationally developing the function whilst utilising technology to harness efficiencies. This role has a good balance of technical and commercial aspects.
They will be confident to liaise with people of all levels across the business and will be motivated by the opportunity of taking ownership and responsibility.
This is a hands-on role in a fast-paced environment which offers the opportunity to drive improvements in Investment Operations at a leading and rapidly growing fund manager. The role is highly analytical, requires a keen eye for detail and the ability to work with large data sets in a logical, structured fashion.
Roles & Responsibilities
The following responsibilities of the role include but are not limited to:
Controls Environment
- Achieve a detailed understanding of the fund’s partnership agreements, subscription line agreements, portfolio investments, investment closing procedures
- Follow all relevant procedures and ensure procedures are complied with across the organisation
New Investment Set-Up & Investment Lifecycle Management
- Attend new deal execution meetings with the Investment Team, and complete deal onboarding for new investments including setting up the new deal on various systems.
- To ensure commercial terms of deals required for investment lifecycle management are captured on various systems during the deal onboarding process to enable effective lifecycle management
- Manage investments through their lifecycle and capture data on fundings, syndications and repayments information from notices and log data in in-house system
- Focus on Controls to ensure that all counterparties provide URs/Notices before draw and repayment requests are processed by Fund Administrator and ensure that all draws and repayments are logged in cash flow system with UR/Notice back-up on a real-time basis
- Work with counterparties to obtain Monitoring Data, Compliance Certificates and Reporting in a standardised fashion and to deadline
Fund Level Treasury Activities
- Ensuring proper record keeping and tracking of subscription facility loans
- Prepare and submit utilisation requests and compliance certificates to banks
- Calculation of drawdown and repayment amounts on Fund leverage facilities (for levered sleeves)
- Liaising and assisting fund accountants in bank account opening process
Modelling and Analytics
- Supporting Treasury in cash analysis by maintaining and enhancing the calculation engines and reporting tools in both MS Excel and Power BI
- Work with Treasury and leverage PowerBI to develop reports which support other areas of the business – such as subscription line and FX hedge monitoring reports
- Support the Investment Risk monitoring function of the business by creating monitoring tools and dashboards for the investment portfolio analysis and identify portfolio risks
- Co-ordinate with Tech Team to ensure valuations are output automatically and accurately into the data warehouse
Valuation and Forecasting
- With other team members, take ownership of the quarterly fund valuation process. This involves liaising with both the Investment Team and Finance Team for inputs for individual investments and the Client services and Senior Leadership team who are the end users of the outputs
- Enhancing the existing fund forecasting models and data flows to allow for more structured output to the stakeholder within the business and externally
- Liaise with Tech Team and use PowerBI to automate provision of forecasting data to Client Services
Power BI
- Use PowerBI to develop new dashboards and automate reporting of valuations and portfolio monitoring
- Be the link between the Technology and Finance teams in the creation of new and informative analysis, Power BI dashboards and models for the business as required
- Work with Tech Team to ensure data flow processes support the production of PowerBI and ensure mappings of data from data warehouse to PowerBI reports are accurate
Data
- Help to shape, document and implement processes with adequate controls to ensure team data is captured and transferred between repositories accurately and efficiently in a controlled environment
- Work to ensure all data captured and utilised forms part of a structured data set
- Ongoing collaboration with Fund Controllers to ensure timely provision of fund accounting data to support valuation analysis
- Reviewing and re-structuring data, such as gross portfolio and treasury data, for efficient input to excel models and to software solutions
- Challenge and improve current processes around data governance and review in order ensure the business can be confident in the data and analysis produced
Person Specification
Required
- Degree in Maths, Physics or other highly numerical discipline
- Professional experience within Finance and demonstrable knowledge of finance reporting / metrics
- Interest in private markets asset classes and strong desire to work in the sector
- Modelling/advanced user of MS Excel (Power Query, creating models from scratch)
- Interest in the use of technology-based solutions to reduce reliance on excel
- Highly analytical with prowess for working with high volumes of numerical data
Desirable
- Private funds experience
- Module in Finance, or one of CFA, ACA, ACCA, CIMA preferred
- Exposure to other MS Power platform software (Power BI paginated reporting or SSRS, Power Apps)Power BI experience creating and maintaining dashboards and data management processes
Individual profile
- Individual accountability and ownership
- Strong teamwork orientation
- Team player with a willingness to learn and engage
- Conscientious, hard working with excellent attention to detail
- Adaptable to changing work demands and ability to work across multiple deals or workstreams concurrently
- Able to manage time effectively and prioritise tasks
- Excellent interpersonal and communication skills
Key Relationships and Stakeholders
Internal
- Client Services
- Investment Team
- Fund Controllers and Accountants
- Technology Team
- Senior Management Team
External
- Banks
- FX and Financial Risk management advisor
- Facility Agents
- Fund Administrator
What we can offer you
- Career development
- Opportunity to learn and grow whilst making a meaningful contribution to the expansion of the 17Capital platform time of the firm’s life cycle
- Competitive reward and benefits
