Associate, Fund Operations (CLO)

Permira

ABOUT PERMIRA Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €89bn. The Permira private equity funds make both buyout and growth equity investments in four key sectors: Technology, Consumer, Healthcare and Services. The Permira credit funds support businesses with flexible financing solutions across Direct Lending, Strategic Opportunities and CLO Management. Established in 2007, the firm advises investment funds and products which have provided approximately €25 billion of debt capital to over 300 businesses.   Permira Credit is seeking to recruit an Associate to join its Portfolio Monitoring team focused on Direct Lending in Madrid.  This is a highly analytical role sitting at the intersection of portfolio management, credit analysis and fund management. The successful candidate will build and maintain sophisticated portfolio and fund-level models while using those outputs to support portfolio monitoring, valuation, risk management and investment decision-making across the direct lending platform. The role will also play a key part in the aggregation, validation and analysis of asset and fund-level data. The successful candidate will be responsible for validating, transforming and aggregating data from multiple sources into a standardised format, and producing meaningful reports and analytical outputs. Key Responsibilities * Building, maintaining and enhancing detailed fund-level models, including distribution waterfall, cash flow, leverage and return (IRR / MOIC) models across the direct lending funds * Undertaking detailed financial and credit analysis to monitor the performance of assets within the funds, including covenant compliance, liquidity, leverage, and refinancing risk * Running scenario, sensitivity and stress-testing analyses at both the asset and fund level to support portfolio construction and investment decisions * Aggregating, validating and reconciling portfolio, borrower and fund-level data from multiple internal and external sources to produce portfolio analytics, management information, reports and datasheets for internal and external stakeholders * Supporting the monitoring, modelling and management of fund leverage facilities * Undertaking deployment and pipeline analysis to assess the impact on portfolio construction and fund returns * Maintaining and improving the suite of monitoring models and tools, including automation and version control to ensure model integrity and rigorous validation of the underlying data * Responding to ad hoc requests for information from the investor relations team * Creating relevant reports, dashboards and analyses for internal and external use cases * Preparing ad hoc presentations in PowerPoint * Any other duties as required from time to time Qualifications Required * Academic background  in a numerate discipline such as Economics, Finance, Mathematics, Statistics, Engineering, Physics, Computer Science or a related field * A postgraduate degree in a quantitative or financial discipline is an advantage * Progress towards, or completion of, the CFA / ACA / CIMA is an advantage but not a prerequisite Experience Required * A minimum of 3 years’ relevant work experience within a financial services firm, ideally within investment management, investment banking, private credit / leveraged finance, or a top-tier advisory boutique * Demonstrable experience building and maintaining complex financial models from first principles – including LBO, leveraged credit and / or fund-level models * Experience in leveraged finance, private credit, or corporate finance is an advantage Essential Skills and Characteristics * Exceptional financial modelling skills, with the ability to build, audit and stress-test complex LBO, leveraged credit and fund-level models in Excel from first principles * Advanced Excel skills are essential; knowledge of VBA, Python (or another programming language) and Power BI is a distinct advantage * Strong understanding of leveraged finance, credit and private markets, including capital structures, debt instruments and fund economics (e.g. distribution waterfalls, IRR / MOIC) * Excellent written and verbal communication skills – fluent written and spoken English * A keen interest in business and, in particular, the dynamics of private credit and leveraged finance * Exceptional attention to detail and a rigorous, analytical mindset * Team focused and good at quickly building relationships with colleagues across the organisation * Effective planning and organisation skills; ability to prioritise tasks and deliver to deadlines * Self-starter with a high level of motivation, integrity, energy and enthusiasm * Ability to multi-task with excellent time management skills and a strong stakeholder focus * Inquisitive mindset with an eagerness to learn and make improvements * Resilient and willing to work to tight deadlines and under pressure To learn how we handle your personal data during the recruitment process, please review our Candidate Privacy Policy. This includes our Supplemental CCPA Notice of Collection where applicable.

Permira

ABOUT PERMIRA Permira is a global investment firm that backs successful businesses with growth ambitions. Founded in 1985, the firm advises funds across two core asset classes, private equity and credit, with total committed capital of approximately €89bn. The Permira private equity funds make both buyout and growth equity investments in four key sectors: Technology, Consumer, Healthcare and Services. The Permira credit funds support businesses with flexible financing solutions across Direct Lending, Strategic Opportunities and CLO Management. Established in 2007, the firm advises investment funds and products which have provided approximately €25 billion of debt capital to over 300 businesses.   ROLE OVERVIEW * As an Associate within the HR function, you will play a key role in shaping and delivering Permira’s global Reward and HR Analytics agenda. The role sits at the intersection of people data and compensation, combining analytical rigour with commercial insight. * A core priority will be supporting the migration to a new HR Information System (HRIS), improving data integrity, automation and system integration to strengthen how we track and manage people insights globally. You will also support the design, implementation and ongoing evolution of our reward frameworks whilst contributing to the development of robust people reporting and analytics capabilities to inform workforce planning, talent strategy, and business decision-making. * The role offers exposure across compensation, benefits, benchmarking, workforce reporting and analytics, with the opportunity to contribute to technology-enabled process improvement and the development of scalable, high-quality people data infrastructure. KEY RESPONSIBILITIES 1. HRIS: Support the implementation and ongoing optimisation of the firm’s global HRIS, including system design, data migration, testing, documentation and governance. Maintain high standards of data integrity, contribute to global data definitions and controls. Identify opportunities to automate and improve efficiency through effective system utilisation and through thoughtful use of emerging AI enabled tools. 2. Reporting and Analytics: Design, build and enhance core HR dashboards and reporting frameworks, ensuring accuracy, consistency and usability. Produce regular people metrics and management reports, partnering with stakeholders to ensure alignment and data integration. Provide analytical support during key people processes – e.g. compensation reviews, talent reviews, benchmarking exercises, scenario modelling. Translate complex data into structured insights and clear recommendations. 3. Compensation & Benefits: Support the execution of key reward processes, including annual compensation reviews, new hire offer design, market benchmarking, and benefits renewals. Prepare and maintain core compensation data files, attend review meetings, and support with follow up activities like employee communication and payroll alignment. 4. Carried interest & Coinvest schemes: Develop a strong understanding of the firm’s current and historical carried interest and co-invest structures, supporting analysis and stakeholder engagement where required. 5. Collaboration: Work closely with colleagues across HR, Finance, Fund Operations, Tax and Legal to deliver accurate and timely people-related outputs. Liaise with external advisors and consultants where appropriate. SKILLS AND EXPERIENCE * 2–3 years’ experience in HR (Compensations & Benfits), HR Analytics, Finance, or a related analytical role. * Proven experience in data and analytics * Strong analytical capability and numerical capability, with the ability to translate data into clear, practical outputs * Advanced Excel skills and strong PowerPoint capability; experience working with data sets and producing structured, high-quality analysis * Emerging AI literacy, with curiosity about how AI and automation can augment people analytics and reward processes; practical experience using generative AI tools is a plus. * High attention to detail and a disciplined approach to data accuracy and process integrity. * Strong written and verbal communication skills, with the ability to engage confidently with a range of stakeholders * Exposure to compensation, benefits, benchmarking or people analytics is advantageous. PERSONAL CHARACTERISTICS * Proactive and solutions-oriented, with the confidence to take ownership of defined workstreams. * Strong learning agility and a genuine interest in Reward, analytics and HR systems. * Commercially curious, motivated to understand how people data and reward strategy drive business performance. * Comfortable operating in a fast-paced, evolving environment with shifting priorities. * Collaborative and team-focused, while able to work independently and manage deliverables effectively. * Resilient, adaptable and pragmatic, with a hands-on, can-do approach. To learn how we handle your personal data during the recruitment process, please review our Candidate Privacy Policy. This includes our Supplemental CCPA Notice of Collection where applicable.

Man Group

About Man Group Man Group is a global alternative investment management firm focused on pursuing outperformance for sophisticated clients via our Systematic, Discretionary and Solutions offerings. Powered by talent and advanced technology, our single and multi-manager investment strategies are underpinned by deep research and span public and private markets, across all major asset classes, with a significant focus on alternatives. Man Group takes a partnership approach to working with clients, establishing deep connections and creating tailored solutions to meet their investment goals and those of the millions of retirees and savers they represent. Headquartered in London, we manage $228.7 billion* and operate across multiple offices globally. Man Group plc is listed on the London Stock Exchange under the ticker EMG.LN and is a constituent of the FTSE 250 Index. Further information can be found at www.man.com At Man Group, we respect your privacy and we are committed to protecting and safeguarding your Personal Data. We have developed policies and processes which are designed to provide for the security and integrity of your Personal Data. We are committed to Processing your Personal Data fairly and lawfully, and being open and transparent about such Processing. For further information on how we process your data, please see the privacy notice for applicants here * As at 31 March 2026   The Man Varagon team is looking for a highly performing and motivated professional to lead a newly created role within Investment Operations supporting its fund financing strategies. Role & Responsibilities: * Provide direct operational support, oversight, and subject matter expertise to Man Varagon’s fund finance strategy, which includes the use of Middle Market CLOs, ABL, and other structured finance solutions * Oversee daily CLO and leverage facility compliance reporting * Manage key monthly and quarterly reporting deliverables such as, but not limited to, trustee reporting, payment date reporting, borrowing base reporting, etc. * Assist in development of Man Varagon’s operational data strategy while identifying and presenting tangible solutions for inefficient processes * Help oversee loan administrators, trustees, data capture in WSO and IVP, and operational controls. Be able to perform various reconciliations across multiple service providers * Play a key role in shaping and delivering on Operation’s strategic technology footprint * Run deal and vehicle level returns on a monthly/quarterly basis * Coordinate with Investor Relations, Accounting, Compliance, and other groups on DDQs, RFPs, and other ad hoc requests Qualifications: * 3-5 years of CLO or other operational structured finance experience is a priority * Strong Excel skills (Power BI, data visualization a plus) * Knowledge of IVP and WSO a plus * Comfortable working with large sets of data * Strong analytical and problem-solving abilities * Excellent organizational skills and attention to detail * Strong project management skills * Ability to multitask, prioritize, and work independently in a fast-paced environment The anticipated based salary range for this position is listed below. Compensation packages would also include benefits and a discretionary bonus. This is the base salary range that the Company believes it will pay for this position at the time of this posting based on the location and requirements of the position as well as the skills, qualifications, and experience of the applicant.  The Firm reserves the right to modify this pay range at any time. US Pay Range $95,000—$105,000 USD Inclusion, Work-Life Balance and Benefits at Man Group You'll thrive in our working environment that champions equality of opportunity. Your unique perspective will contribute to our success, joining a workplace where inclusion is fundamental and deeply embedded in our culture and values. Through our external and internal initiatives, partnerships and programmes, you'll find opportunities to grow, develop your talents, and help foster an inclusive environment for all across our firm and industry. Learn more at www.man.com/diversity. You'll have opportunities to make a difference through our charitable and global initiatives, while advancing your career through professional development, and with flexible working arrangements available too. Like all our people, you'll receive two annual 'Mankind' days of paid leave for community volunteering. Our comprehensive benefits package includes competitive holiday entitlements, pension/401k, life and long-term disability coverage, group sick pay, enhanced parental leave and long-service leave. Depending on your location, you may also enjoy additional benefits such as private medical coverage, discounted gym membership options and pet insurance. Equal Employment Opportunity Policy Man Group provides equal employment opportunities to all applicants and all employees without regard to race, color, creed, national origin, ancestry, religion, disability, sex, gender identity and expression, marital status, sexual orientation, military or veteran status, age or any other legally protected category or status in accordance with applicable federal, state and local laws. Man Group is a Disability Confident Committed employer; if you require help or information on reasonable adjustments as you apply for roles with us, please contact TalentAcquisition@man.com.