Job Description

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