Associate – European Financial Control and Portfolio Team

Overview

MCAP Global Finance (UK) LLP, is a UK subsidiary of New York based global asset manager Marathon Asset Management L.P., ("CVC Marathon") which is owned by CVC Capital Partners plc.

CVC Marathon is a leading global credit manager with over $24 billion of capital under management. The firm was founded in 1998 and is managed by Bruce Richards, Managing Partner, and Louis Hanover, Managing Partner.  CVC Marathon makes private and public investments across all its key verticals: corporate credit, asset backed and structured credit, real estate credit and emerging markets.  CVC Marathon has operated in Europe since 2004 and has offices in London and Luxembourg.

For more information, please visit the company’s website at www.marathonfund.com.

Position Summary:

Reporting to the Managing Director, the Associate will join the Financial Control team, which covers all operational areas including accounting (managerial and statutory reporting), audit, tax, valuations, treasury and more. The role will focus on the firm’s Opportunistic Credit and Direct Lending investments, overseeing all credit deals in Europe over the lifecycle from start to finish and acting as a bridge between the Financial Control and deal teams. Based in London, UK, the position provides an exceptional opportunity for individuals looking to make a move into industry or one already in a role to further develop themselves.

Responsibilities

Major Responsibilities:

• Along with the other team members, oversee all aspects of the firm’s Opportunistic Credit investments in Europe, including financial integrity, investment reporting, analysis, accounting, and performance of the loan positions held both directly and through partnerships throughout European jurisdictions
• Work closely with the deal team on new investment opportunities, and coordinate the closing and funding of new deals
• Liaise with various external accounting suppliers throughout Europe to ensure instructions are appropriate, clear and are being followed efficiently and effectively, responding to accounting queries
• Monitor the loan positions throughout the life of each deal, including accounting for the positions, cash flows and fair values
• Ensure all loan positions are booked and recognised correctly with internal financial reporting systems
• Oversight of the loan agents, including review of all loan notices, monitoring performance and overall relationship
• Oversee any debt/financing arrangements associated with the deals including IPD’s and lending reporting
• Review of quarterly reporting and deal level NAV’s
• Review of annual financial statements and liaison with external auditors to ensure that annual audits are properly planned for and carried out effectively
• Act as a bridge between the Financial Control and deal teams, ensuring open communication and that all parties are kept up to date
• Create dashboards and portfolio analysis statistics driven by AI to aid portfolio and asset management
• Reinforcement and enhancement of control environment
• Provision of cover for the Operations teams in London, Luxembourg and New York
• Assistance with ad-hoc projects

Qualifications

Qualifications and Experience:

• Qualified accountant (ACCA, CPA or equivalent) with experience in accounting for credit investments, ideally gained at a bank, credit manager or loan servicer
• Undergraduate degree in accounting (or similar) with exceptional academic credentials
• Strong Technical knowledge of accounting frameworks (i.e. IFRS, UK GAAP, US GAAP, Lux GAAP)
• Experience with financial statutory accounting for SPV’s
• Broad knowledge of financial controls
• Self-motivated with a diligent and detailed approach to completing tasks
• Strong analytical skills. Able to understand, question and challenge a range of financial data.
• Attention to detail with an ordered and logical mindset
• Committed, hardworking and focused upon delivering results on time
• Strong communication, organisational and prioritisation skills
• Excel (to advanced level is desirable)
• Experience with AI to deliver enhanced reporting and workflow efficiency
• Fluency in English is essential, other European languages an asset (but not required)
• Ability to work independently and as part of a team
• Strong work ethic, commitment to excellence and motivation to learn
• Exceptional organization skills and attention to detail, with the ability to multi-task
• Candidate should be a coachable team player who is willing to embrace a collaborative firm culture

Compensation:

The salary range for this role is  £60,000 - £80,000 in base pay (exclusive of bonus or benefits). Base pay offered will be determined based on your experience, location, skills, training, certifications, and education, and in addition we will also consider internal equity and market data. 

Marathon’s benefits include, but are not limited to, pension contributions, private medical insurance, life insurance, and company‑provided lunches.

No agencies please

Equal Opportunity Employer M/F/D/V

Please refer to our privacy notice for applicants here:  Regulatory Information - Marathon Asset Management (marathonfund.com)