At a Glance
- Tasks: Support the CLO platform, manage investor reporting, and oversee operational processes.
- Company: Join Permira, a leading global investment firm with a focus on growth.
- Benefits: Competitive salary, professional development, and a dynamic work environment.
- Other info: Opportunity to streamline processes and enhance your career in finance.
- Why this job: Be part of a fast-paced team making impactful financial decisions.
- Qualifications: 4-7 years in middle office operations; strong Excel and communication skills required.
The predicted salary is between 36000 - 60000 £ per year.
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 €80bn. The Permira private equity funds make both long-term majority (Buyout) and minority (Growth Equity) investments in four key sectors: Technology, Consumer, Healthcare, 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 €20 billion of debt capital to over 300 businesses.
Key Responsibilities
- Act as a key operational link supporting the European CLO platform and partnering closely with the Portfolio Manager and investment team.
- Manage end-to-end investor reporting processes, including payment dates and waterfall tie-outs, ensuring accuracy and timeliness.
- Oversee CLO warehouse closings, liaising with structuring, legal, and counterparties.
- Track and validate effective date reporting for new deals and refinancings.
- Reconcile trustee and agent reports to internal systems, resolving discrepancies.
- Track hypothetical trades and monitor portfolio compliance with CLO documentation and investment limitations.
- Coordinate closely with front office, risk, and compliance teams on transaction lifecycle.
- Maintain operational controls and audit trails in line with regulatory standards.
- Manage vendor relationships (trustees, administrators, custodians, data providers).
- Review and approve service provider deliverables to ensure SLA adherence.
- Monitor and process CLO warehouse drawings and repayments accurately.
- Contribute to system enhancements, process automation, and continuous improvement of middle office policies and procedures.
Desired Experience / Background
- 4–7 years’ experience in middle office / operations within CLOs, leveraged loans, or structured credit.
- Proficient user of CLO reporting platforms (e.g., WSO, LevPro) with strong Excel skills; exposure to Alteryx, VBA, or other automation tools a plus.
- Deep understanding of CLO structures, cashflow waterfalls, and investor reporting requirements.
- Solid knowledge of CLO documentation, portfolio compliance tests, and regulatory obligations.
- Highly organised with a control mindset, strong attention to detail, and proven delivery under deadlines.
- Clear and confident communicator – fluent English required; other European languages an advantage.
- Strong stakeholder management skills with ability to build effective relationships with Portfolio Managers, trustees, agents, and administrators.
- Comfortable multi-tasking across multiple transactions, balancing speed with accuracy.
- Curious, analytical, and eager to streamline processes, challenge inefficiencies, and implement improvements.
- Resilient, proactive, and motivated to thrive in a fast-paced, high-accountability environment.
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Seniorities
- Not Applicable
Employment type
- Full-time
Job function
- Industries: Software Development
London, England, United Kingdom
Associate, Fund Operations (CLO) in City of London employer: Permira
Permira is an exceptional employer that fosters a dynamic and collaborative work culture, where employees are empowered to drive meaningful change in the investment landscape. With a strong focus on professional development, team members have access to extensive growth opportunities and resources to enhance their skills, particularly in the fast-paced environment of London. The firm values innovation and encourages a proactive approach to problem-solving, making it an ideal place for those looking to make a significant impact in the world of finance.
StudySmarter Expert Advice🤫
We think this is how you could land Associate, Fund Operations (CLO) in City of London
✨Tap into Campus Networks
If you're still in uni, don’t forget to engage with your campus's career services and attend finance-related events. Banks often do presentations and recruitment drives on campus, so put yourself out there and make use of these opportunities to show off your passion for the field.
✨Get Certified
Consider pursuing relevant certifications like the CFA or ACCA while you’re job hunting. They not only beef up your CV but also connect you with professional bodies which can lead to networking opportunities and even job openings in banking and financial services.
✨Connect on Professional Platforms
Join finance-focused groups on platforms like LinkedIn and engage in discussions. This can really help you stand out from the crowd, allowing potential employers to see your knowledge and interest in industry trends. Plus, you might stumble upon job postings shared exclusively within the group.
✨Apply Directly and Be Proactive
Don’t shy away from reaching out directly to firms like Permira. Use their websites and apply through them, but also consider following up with a polite email to express your enthusiasm. Being proactive can make a huge difference in getting noticed in the competitive financial services sector.
We think you need these skills to ace Associate, Fund Operations (CLO) in City of London
Some tips for your application 🫡
Show Off Your Numbers!:In the banking and financial services world, quantifiable achievements are key. Make sure your CV highlights your grades in relevant subjects, any financial certifications you hold, and specific projects where you've delivered measurable results. Employers love to see how your skills translate into real-world success.
Tailor Your Cover Letter to the Role:When applying for a full-time position, your cover letter should make a direct connection between your experience and the job description. Don't just state your enthusiasm for finance—dive into how your background in banking or financial analysis sets you apart. Let your passion shine through while being specific about what you can bring to Permira.
Include Relevant Financial Software Experience:If you've worked with financial modelling tools or software like Excel, SAP, or specific analytical tools during your studies or internships, bring that up! Highlighting your proficiency can really make your application pop and show you're ready to hit the ground running in a full-time role.
Research and Reflect:Before hitting that 'apply' button on Permira's website, do a little digging. Look up their recent projects, values, and culture. Reflecting their ethos in your application can make a huge difference and show you’re genuinely interested in being part of the team!
How to prepare for a job interview at Permira
✨Brush Up on Financial Analysis Skills
Make sure you're well-versed in financial concepts and analytical techniques relevant to banking and financial services. Get comfortable with tools like Excel for modelling or financial forecasting, as technical questions in this area are common during interviews with Permira.
✨Prepare for Case Studies
Expect to tackle case studies that demonstrate your problem-solving skills in real-world banking scenarios. Familiarise yourself with the types of problems you might face—think risk assessments or investment evaluations—and be ready to articulate your thought process clearly.
✨Show Your Passion for Finance
Since this is a full-time position, employers at Permira will be keen to see your genuine interest in finance. Be prepared to discuss recent industry trends or news articles that excite you, showcasing your enthusiasm and engagement with the field.
✨Network with Industry Professionals
Before your interview, reach out to current or former Permira employees on platforms like LinkedIn. They'll offer unique insights into the company's culture and the interview process, which can give us a delightful edge in showcasing a good fit for the team.
