Associate, Fund Operations (CLO)
Associate, Fund Operations (CLO)

Associate, Fund Operations (CLO)

Full-Time 36000 - 60000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Support the European CLO platform and manage investor reporting processes.
  • Company: Join a leading global investment firm with a focus on growth and innovation.
  • Benefits: Competitive salary, professional development, and a dynamic work environment.
  • Why this job: Be part of a fast-paced team making impactful financial decisions.
  • Qualifications: 4-7 years in middle office operations with strong analytical skills.
  • Other info: Opportunity to streamline processes and enhance your career in finance.

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.

Permira Credit are seeking to recruit a Middle Office / Operations professional to join the European CLO platform.

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.
  • 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.

Associate, Fund Operations (CLO) 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 CLO operations. Located in a vibrant financial hub, Permira offers unique advantages such as networking with industry leaders and participating in innovative projects that shape the future of finance.
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Contact Detail:

Permira Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Associate, Fund Operations (CLO)

✨Tip Number 1

Network like a pro! Reach out to folks in the industry, especially those who work at Permira or similar firms. A friendly chat can open doors and give you insights that might just land you an interview.

✨Tip Number 2

Prepare for the interview by diving deep into CLO structures and investor reporting requirements. Show us you know your stuff and can talk confidently about how you’d handle the key responsibilities of the role.

✨Tip Number 3

Don’t forget to showcase your tech skills! If you’re familiar with CLO reporting platforms or automation tools, make sure to highlight that. We love candidates who can bring efficiency to our processes.

✨Tip Number 4

Finally, apply through our website! It’s the best way to ensure your application gets seen. Plus, it shows you’re serious about joining our team at Permira.

We think you need these skills to ace Associate, Fund Operations (CLO)

Operational Management
Investor Reporting
CLO Warehouse Closings
Reconciliation Skills
Portfolio Compliance Monitoring
Regulatory Knowledge
CLO Reporting Platforms (e.g., WSO, LevPro)
Excel Proficiency
Automation Tools (e.g., Alteryx, VBA)
Attention to Detail
Stakeholder Management
Communication Skills
Analytical Skills
Process Improvement

Some tips for your application 🫡

Tailor Your CV: Make sure your CV is tailored to the Associate, Fund Operations role. Highlight your experience in middle office operations and any relevant skills with CLOs or structured credit. We want to see how your background aligns with what we're looking for!

Craft a Compelling Cover Letter: Your cover letter is your chance to shine! Use it to explain why you're passionate about the role and how your skills can contribute to our team. Keep it concise but impactful – we love a good story that connects your experience to our mission.

Showcase Your Technical Skills: Since this role involves a lot of technical know-how, make sure to highlight your proficiency with CLO reporting platforms and Excel. If you’ve got experience with automation tools like Alteryx or VBA, don’t forget to mention that too – it could set you apart from other candidates!

Apply Through Our Website: We encourage you to apply directly through our website. It’s the best way to ensure your application gets into the right hands. Plus, it shows us you’re serious about joining our team at StudySmarter!

How to prepare for a job interview at Permira

✨Know Your CLOs

Make sure you brush up on your knowledge of CLO structures, cashflow waterfalls, and investor reporting requirements. Being able to discuss these topics confidently will show that you're not just familiar with the role but also genuinely interested in the field.

✨Master the Tools

Familiarise yourself with CLO reporting platforms like WSO or LevPro, and don’t forget to highlight your Excel skills. If you have experience with automation tools like Alteryx or VBA, be ready to discuss how you've used them to streamline processes in your previous roles.

✨Showcase Your Attention to Detail

In this role, accuracy is key. Prepare examples from your past work where your attention to detail made a significant difference. Whether it was reconciling reports or managing compliance tests, demonstrating your control mindset will impress the interviewers.

✨Communicate Clearly

As a key operational link, strong communication skills are essential. Practice articulating your thoughts clearly and confidently. Be prepared to discuss how you've built effective relationships with stakeholders in the past, as this will be crucial for success in the role.

Associate, Fund Operations (CLO)
Permira
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  • Associate, Fund Operations (CLO)

    Full-Time
    36000 - 60000 £ / year (est.)
  • P

    Permira

    501-1000
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