Director Management Company Accounting
About the job
- A minimum of 12 years of experience in management company accounting within financial services, including demonstrated leadership or oversight experience.
- A Bachelor's degree in Accounting is required; a Certified Public Accountant (CPA) credential is strongly preferred.
- Experience preparing management company financial statements under United States Generally Accepted Accounting Principles (US GAAP) or a relevant framework, and supporting audits or reviews.
- Experience managing the full general ledger and month-end close for the management company, including accruals, prepaids, intercompany transactions, allocations to funds or vehicles, and reconciliations.
- Ability to manage competing priorities, enforce timelines, and maintain structured processes across multiple workstreams and geographies.
- Strong working knowledge of internal controls, expense allocation methodologies, and cash management functions.
- Proficiency in Microsoft Excel and familiarity with artificial intelligence tools for reconciling data and supporting reporting.
- Working knowledge of systems such as Great Plains, Concur, EAS, and CashWire.
- Experience leading or participating in finance automation and systems implementation initiatives.
- Experience overseeing accounting activity across multiple international offices.
- Oversee the recording and reporting of all management company activity, ensuring accuracy, completeness, and adherence to established close calendars and reporting deadlines.
- Set up, review, and approve invoices, travel and entertainment expenses, and related payments through the CashWire system.
- Support budgeting and forecasting of selling, general, and administrative expenses and headcount, including explaining actual-versus-budget variances.
- Manage the monthly expense allocation process, ensuring allocations are properly structured, accurately calculated, and delivered on time.
- Plan and execute annual audits and coordinate them, serving as the point person for external audit providers.
- Ensure foreign office books and activity are recorded, consolidated, and reported on time across all jurisdictions; prepare and analyze annual transfer pricing studies for foreign office books.
- Manage, develop, and mentor the management company accounting team; set clear priorities, deadlines, and quality standards while fostering accountability and professional growth.
- Establish and maintain documented policies, procedures, and checklists to ensure processes are standardized and consistently executed.
- Continue integrating and refining automation initiatives, identifying opportunities to standardize, streamline, and strengthen accounting workflows using robotic process automation (RPA) and artificial intelligence tools.
- The Certified Public Accountant (CPA) credential is strongly preferred.
About the company
CVC Marathon manages about $24 billion in assets as a global asset manager focused on public and private credit. It uses a dedicated origination platform, rigorous fundamental research, and robust risk management to build and run portfolios across Private Credit (Direct Lending, Asset-Based Lending, Opportunistic Credit) and Public Credit (High Yield, Leveraged Loans & CLOs, Emerging Markets, Structured Credit). It differentiates itself by combining deep specialization in both private and public credit on an integrated platform with a global reach and disciplined risk controls, supporting long-term client partnerships. Its goal is to deliver attractive investment performance while cultivating enduring relationships with leading institutional investors.
Company Size
201-500
Company Stage
N/A
Total Funding
$233.5M
Headquarters
New York City, New York
Founded
1998
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Simplify's Take
What believers are saying
- CVC said Marathon lifts combined credit FPAUM to about €61 billion.
- March 2026 aircraft securitization shows Marathon still sources large, structured transactions.
- European hiring accelerated in 2026, signaling expansion despite the ownership change.
What critics are saying
- CVC completed the acquisition July 1, 2026; Marathon now loses independence.
- Integration into CVC-Marathon risks senior departures and culture collapse during 2026-2027.
- Private credit giants Blackstone, Apollo, and Ares compress margins and talent pipelines.
What makes Marathon Asset Management unique
- Marathon spans asset-based lending, real estate, aviation, and public credit.
- Alex Howell and Murad Khaled deepen European origination across direct lending and ABL.
- MAST 2026-1 proved Marathon can securitize 27 aircraft across 15 countries.
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Benefits
Health Insurance
Dental Insurance
Vision Insurance
Health Savings Account/Flexible Spending Account
Disability Insurance
Life Insurance
Paid Vacation
Commuter Benefits
Company News
LRO acquires Courtyard Edinburgh as Iconic prepares to take on management. October 6, 2026 LRO Hospitality has acquired the 240-bedroom Courtyard by Marriott Edinburgh, with Iconic Hotels & Resorts set to assume operations and management. The joint venture between L+R and Dutch pension investment manager PGGM says it bought the hotel from a fund managed by CVC Marathon, completing the transaction on 30 September 2026. The purchase follows its acquisition of Marriott Brussels Grand Place. At Baxter's Place, close to Edinburgh Playhouse and Picardy Place tram stop, the hotel combines three Georgian townhouses with a contemporary extension. Its facilities include the 1802 Lounge & Grill, a terrace and fitness centre. The address carries a distinctive Scottish heritage: it was once home to lighthouse engineer Robert Stevenson, grandfather of author Robert Louis Stevenson. The investment sits within a substantial visitor economy. VisitScotland's figures, drawn from the International Passenger Survey, estimate that international visitors made 4.4 million trips to Scotland in 2024, spending £4 billion. That national picture provides context for the acquisition, rather than a measure of this hotel's performance. LRO says its investment approach combines active asset management, operational improvements and strategic capital investment. The Edinburgh announcement does not disclose a purchase price or set out a specific refurbishment programme.
LRO Hospitality acquires Courtyard by Marriott Edinburgh. L+R division Iconic Hotels and Resorts will take over operations and management Quick Poll How frequently do you read Hotel Owner? One click - no sign-up All data is anonymised. Polling helps Hotel Owner better understand the Hotel Owner audience and tailor its editorial. Latest Podcast Episode In this episode Hotel Owner speak to Gavin Taylor, CEO of Clermont Hotel Group. Gavin takes Hotel Owner behind the scenes of managing iconic London properties, sharing how his background in finance and operations shapes his approach to leadership, hotel identity and guest experience. Hotel Owner dive into the state of the London hotel market, what it takes to stand out amidst rising competition, and how Clermont is redefining luxury for today's traveler - including high-profile collaborations like bringing Gordon Ramsay's Hell's Kitchen to The Cumberland. In association with Hospitality investment platform LRO has announced the completed acquisition of the Courtyard by Marriott Edinburgh from a fund managed by CVC Marathon for an undisclosed amount, expanding its European portfolio. The 240-bedroom venue is situated at 1-3 Baxter's Place, near the Scottish capital's historic town centre and key transport links. Following the purchase, L+R division Iconic Hotels and Resorts will take over operations and management. Henri Wilmes, chief investment officer at LRO Hospitality, said: "The acquisition of Courtyard by Marriott Edinburgh represents another important step in the growth of the LRO Hospitality platform and demonstrates the strength of its partnership with PGGM. "This latest acquisition, following our recent investment activity in Brussels, reflects our confidence in the European hospitality sector and the significant opportunities we continue to see across the market." Kerr Young, head of UK national hotels at JLL, who managed the sale, added: "Edinburgh benefits from a unique combination of cultural heritage, strong year-round demand drivers and exceptional connectivity, making it a highly attractive market for core-plus hotel investment. "This transaction demonstrates the depth of institutional capital targeting well-located, cash-flow-generating assets in Europe's leading gateway cities and we are proud to have delivered an excellent result for our client." News Analysis The management change sits atop a property whose Marriott flag has outlasted the operating arrangements around it. Marriott announced the Baxter's Place conversion in October 2014, when the listed Georgian townhouses had stood empty for years and the scheme required a new building behind their retained façade. That original choice matters now: the Courtyard identity was embedded in the redevelopment itself, while management could pass between specialists without requiring a rebrand. That separation became visible when Valor Hospitality Partners announced in January 2022 that it had taken on its first Edinburgh hotel, adding Courtyard to a global managed portfolio of 85 properties. For Valor, the appointment extended a Marriott relationship that began with the UK launch of AC hotels in 2016; for the property, it installed another operator without changing the flag. Marriott supplied continuity while the owner retained a portable management arrangement. That operating succession had already begun to loosen before the sale. Edinburgh Marriott Hotel Holyrood said in February 2025 that Ronald Little, formerly general manager at Baxter's Place, had moved to lead the Holyrood hotel after its refurbishment and relaunch. The buyer's management arm therefore inherits the Courtyard flag without either the operator or hotel leader installed during the previous cycle. Little took the post while serving as vice-chair of the Edinburgh Hoteliers Association. Published: 1h ago
Mudrick names Marathon's Pasquale CFO. Mudrick Capital Management has named Scot Pasquale as its chief financial officer. Pasquale joins from Marathon Asset Management, where he served as CFO for more than 18 years. Pasquale will oversee the firm's finance, accounting, and operations functions while serving on the New York-based firm's Management Committee. He succeeds Glenn Springer, who will leave at the end of September after having joined the event-driven firm in 2008. "Scot is a seasoned finance and operations executive with the judgment and operating discipline we value at Mudrick, and we are thrilled to welcome him to the Firm," said Jason Mudrick, founder and chief investment officer at Mudrick Capital Management, which has $3.2 billion in AUM. "His leadership, expertise, and strategic perspective will be invaluable as we continue strengthening our capabilities and platform to deliver for our investors." Pasquale leaves Marathon shortly after the firm's acquisition by CVC was finalized in a deal valued at up to $1.2 billion, marking the Luxembourg-based firm's latest push to expand its U.S. credit operations. At Marathon, he oversaw global accounting and operational functions supporting the firm's investment platform. In addition, he led firmwide financial reporting and budgeting efforts and managed a team of approximately 30 professionals across New York and London. Mudrick has been in expansion mode this year, hiring Adam Kaufman as chief legal officer and Andrew Meares as managing director leading investment activities across the U.K. and Europe. "I am excited to join the firm at this stage of its evolution and look forward to working with the team to continue strengthening the financial and operational foundation that underpins Mudrick's investment activities and long-term growth," Pasquale said.
Marathon sets sail together with Omborddata and Panasoft. Marathon has acquired Omborddata AB in Sweden and Panasoft Oy in Finland. Together, the two united companies now form the leading Nordic provider of crew management and payroll software for the maritime industry. Omborddata and Panasoft are market-leading software solutions for crew management and payroll administration in the maritime industry. Omborddata in Sweden and Panasoft in Finland. Since our first meetings with the teams at both companies, we've been impressed by the depth of their domain expertise and the strength of their products. Both companies operate in a niche but business-critical segment of the maritime sector, helping shipping operators manage crew, handle payroll, and stay on top of a demanding regulatory environment. Over the past two decades, they've built a trusted presence in their respective markets by knowing their customers' world in detail. Together, Omborddata and Panasoft now form the leading Nordic provider in their space. The founding teams remain, and we're also welcoming Christer Bruzelius to the board, bringing decades of experience from senior roles in Nordic shipping, including as CEO of Destination Gotland. We're excited to support both companies in accelerating product development and building on the strong positions they've already earned. Their customer focus, deep market expertise, and niche products align closely with our long-term strategy at Marathon, and we're proud to welcome them to the group!
Marathon Asset Management has appointed Laurent Tarneaud as managing director to help lead its European real estate business. He will report to Alex Howell, partner in charge of Marathon's European credit business. Tarneaud joins from Blackstone, where he spent approximately eight years as a senior member of the European Real Estate Debt Strategies team. He brings extensive experience in commercial real estate financing and relationships with sponsors and asset owners across Europe. Marathon, a global credit manager with over $24 billion in assets under management, provides real estate lending solutions ranging from senior loans to mezzanine debt. The firm was founded in 1998 and employs more than 190 professionals across five global offices. In January 2026, Marathon entered into an agreement to be acquired by CVC Capital Partners.