Associate, Portfolio Monitoring (Direct Lending)

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 are seeking to recruit a Fund Operations Associate to join the CLO Operations team based in Madrid. The successful candidate will support both European and US CLO strategies, working closely with colleagues in London and the US across a broad range of operational and support processes. Key Responsibilities * Reviewing asset settlements and cash movements across European and US CLO structures, maintaining data management system accuracy and supporting data quality standards across fund records * Identifying and resolving daily cash reconciliation breaks across all funds * Compiling daily front office reporting to support trading and portfolio management teams * Preparing and finalising daily and quarterly regulatory submissions including ESMA, MiFID II and equivalent US requirements * Producing internal fund reporting for weekly and monthly distribution * Inputting security instructions in custodian systems for settlement and corporate actions * Maintaining CLO warehouse drawdown schedules and accruals, and assisting with warehouse tie out and closing processes * Supporting project implementation across process improvement and system enhancement initiatives * Assisting with annual audit requirements and responding to due diligence and KYC requests * Tracking and preparing invoices and responding to internal data requests in a timely and accurate manner * Identifying opportunities to leverage AI and automation tools to improve operational workflows and reporting efficiency Desired Experience / Background * Degree level educated; finance, accounting or economics preferred * 2–3 years’ experience in fund operations, financial services or a related operational role * Eagerness to develop a solid understanding of the Loan, Bond and CLO markets * Strong interest in AI and process improvement, with a curiosity for how technology can enhance operational processes * Highly competent in Microsoft Excel with strong attention to detail and organisational skills * Excellent communication skills; team focused with high levels of motivation and integrity * Ability to manage multiple tasks and work to tight deadlines under pressure Fluent in English; Spanish language skills an advantage given Madrid location 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   About Man US Direct Lending Man US Direct Lending is a private credit manager, specializing in directly-originated, secured senior and unitranche loans to performing, private equity sponsor-backed U.S. middle market companies. Man US Direct Lending’s middle market direct lending investment objective is to generate current income with a focus on capital preservation. Man US Direct Lending offers a complete financing solutions product suite to middle market businesses with EBITDA generally between $10 million and $75 million. From inception to September 30, 2025, MDL has invested and managed capital (including co-investments) of over $33 billion in performing, senior secured loan investments across more than 355 borrowers. Man US Direct Lending has built its platform with a senior management team that has extensive experience investing across the capital structure. Man US Direct Lending’s senior management team shares a common investment philosophy built on a framework of assessing companies with disciplined, fundamentals-based credit analysis. As of September 30, 2025, MDL had 78 employees, 45 of whom are dedicated investment professionals, with three primary offices located in New York, New York, Fort Worth, Texas, and Chicago, Illinois. The Firm also has offices in Wellesley, MA and in San Francisco, CA. Purpose of the Role Fund Accounting team at Man US Direct Lending is responsible for financial reporting, audit, and tax compliance for its funds and other investment structures. The Fund Accounting team is seeking to add to its growing team an Associate role that will be focused on financial reporting and audit. The Associate will spend significant time with finance, and operations teams. The ideal candidate has a strong sense of ownership, is proactive, and is able to work on multiple projects at one time, employing a range of skillsets. The Associate will report to Parmeet Jangi, Vice President. Specific Responsibilities * Managing the monthly, quarterly, and annual Fund financial statement closing process * Primary review of the Fund quarterly and annual financial statements * Primary review of monthly and quarterly compliance report to the Funds’ lenders * Primary review of Fund tax returns and K-1s * Assisting and coordinating Fund audits * Assisting in the preparation of quarterly income and annual operating budget projections * Managing investor capital calls and distributions process * Management fee and incentive fee calculations * Monitoring daily cash management and other liquidity needs * Managing and supervising third-party administrators and other third-party service providers * Efficient and effective communication with auditors, portfolio management team and investment team * Contribute to the development of policies and procedures * Ad hoc projects as assigned Key Competencies * Bachelor’s degree in Accounting * A minimum of two years of experience within the financial services industry at a public accounting firm or alternative asset manager * Understanding of and interest in private credit a plus * Strong Excel skills * Exceptionally detail oriented and has ability to multi-task * Effective communicator and able to write clearly and concisely * Strong interpersonal skills 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 $90,000—$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.

Abound

About Abound We’re redefining consumer lending in the UK, and beyond. Using advanced AI and Open Banking data, we make fair, affordable personal finance available to more people. While traditional lenders rely almost entirely on credit scores, we look at the full financial picture - how much you spend, and what you can afford to repay to build a deeper, more accurate understanding of each customer's unique financial situation. And we've shown it works at scale. We’ve issued over £1.3bn in loans directly to customers while delivering market-leading credit performance - for every 10 defaults the industry expects, we see only 3. We also reached profitability just 2.5 years after launch. Backed by £2bn+ of funding from top-tier investors including Citi, GSR Ventures, and Deutsche Bank, we’re recognised as one of Europe’s fastest-growing fintechs (Sifted, CNBC). Now, we’re expanding into new markets and product lines - and we’re looking for ambitious people who want to learn fast, take ownership, and grow with us. About the role We are hiring a Retail Finance Risk Lead to take full ownership of risk management across our retail finance product suite. This is a senior, hands-on role with broad scope – spanning credit decisioning, credit risk measurement, fraud risk management, product design, funding compliance, merchant throttling, and impairment – with direct accountability for how risk is identified, measured, managed, and reported. The successful candidate will act as the business’s primary risk authority for retail finance products, working closely with product, data science, finance, and senior leadership teams. This role requires both strategic thinking and a willingness to get into the detail: you will set the framework and own the outcomes. What you'll be doing Credit Decisioning & Risk Measurement * Define and maintain credit risk metrics, concentration limits, and portfolio triggers, ensuring consistent measurement across products. * Drive risk-based analysis to inform appetite, cut-off adjustments, and portfolio strategy. * Manage merchant concentration risk and manage the risk framework Product Design & Commercialisation * Act as the risk lead counterpart for new product development, providing risk input from concept through to launch. * Assess and articulate risk-return trade-offs to support commercially sound product design decisions. * Identify and monitor novel product risks (e.g. Section 75, merchant concentration) and ensure appropriate governance is in place. Funding & Compliance * Ensure adherence to internally defined risk limits and externally defined triggers arising from funding and warehouse arrangements. * Act as a key point of contact for funders, auditors, and advisors on credit and product risk matters. * Lead risk-related workstreams for funding due diligence, warehouse renewals, and external reviews. Merchant Throttling * Own the merchant risk framework, including criteria for throttling, suspension, or enhanced monitoring of merchant partners. * Develop and maintain oversight of merchant-level concentration and performance metrics. * Work closely with commercial and product teams to balance growth objectives with risk limits. Impairment & Provisioning * Oversee the impairment framework, including IFRS 9 staging logic, ECL model governance, and assumptions. * Partner with finance to ensure provisions are accurate, defensible, and well-communicated. * Monitor forward-looking indicators and macroeconomic overlays, escalating where necessary. Governance & Reporting * Provide clear, structured risk updates to Product Steering Committees, Board Risk Committees, and senior management. * Proactively identify emerging risks and ensure timely escalation and remediation. * Define and maintain standardised reporting frameworks, ensuring consistency and comparability as the business scales. Who you are * A decisive, commercially minded risk professional with full-stack ownership mentality – comfortable setting strategy and executing in the detail. * Technically strong across credit risk disciplines: decisioning, modelling, impairment, funding, and portfolio monitoring. * Naturally collaborative, able to work effectively with data scientists, product managers, finance, and senior leadership. * Confident challenging assumptions and narratives constructively, with a track record of influencing outcomes. * Highly organised and execution-focused, with strong stakeholder management skills. * Credible and composed when engaging with funders, auditors, and board-level audiences. * At least 3 years’ experience working directly with a relevant retail finance product such as BNPL, Unsecured Personal Loans, retail credit, or point-of-sale finance – with a strong understanding of the product lifecycle and associated risk dynamics. * Broad credit risk expertise spanning decisioning, risk measurement, product risk, funding/warehouse compliance, and impairment/IFRS 9. * Experience owning or contributing to impairment frameworks (IFRS 9 ECL), including staging logic, model governance, and macroeconomic overlays. * Familiarity with merchant risk management or B2B2C risk structures is advantageous. * Track record of engaging with funders, auditors, or rating agencies on risk and credit performance topics. * Strong written and verbal communication skills; able to present complex risk topics clearly to senior and non-technical audiences. * Comfortable working closely with data scientists and getting into quantitative detail, without necessarily being a practitioner modeller. Why Abound * Own a genuinely broad and senior risk role with full accountability across the risk lifecycle for retail finance. * Work closely with the CRO, senior leadership, product teams, and external stakeholders in a high-trust, high-visibility position. * Help shape the risk framework for a fast-scaling fintech expanding into new markets and product lines. * Real responsibility and impact from day one, with the opportunity to build and develop a team as the business grows. What we offer * Everyone owns a piece of the company – equity. * Hybrid working with 3 days a week in the office. * 25 days’ holiday a year, plus 8 bank holidays. * 2 paid volunteering days per year. * One month paid sabbatical after 4 years. * Employee loan. * Free gym membership. * Team wellness budget to be active together – set up a yoga class, a tennis lesson or go bouldering.