Associate, Fund Finance/ AIFM

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.

Reporting to a Conducting officer of the AIFM, the role involves (i) responsibility for the oversight of fund delegates across all Permira Private Equity and Credit funds, and (ii) day-to-day involvement in the governance, domiciliation and financial control of a number of Permira Credit funds.

We are looking for someone with a strong work ethic, who can work as part of a close team, but also be a self-starter. The successful candidate should be professional, demonstrate good communication and inter-personal skills, with a willingness to learn and further develop their career within the AIFM of a leading global Asset Manager 

Key Responsibilities:

Fund Delegates oversight by the AIFM:

• Support the AIFM Conducting Officer responsible for oversight of funds administrators, transfer agents and depositary banks according to AIFM delegation monitoring plan
• Performance of initial due diligences (including on-site visit, assessment of risk profile, implementation of monitoring measures and plans, and internal reporting)
• Ongoing monitoring of delegates including, but not limited to collection, review and analyse of quarterly KPIs and other information received from all delegates
• Performance of ongoing due diligence (including on-site visit, re-assessment of risk profile, and internal reporting)
• Prepare written reporting to AIFM Management Committee and Board as well as funds' boards
• Assisting Compliance team in preparing regulatory filing and reporting pertaining to funds delegates
• Assisting the AIFM Conducting Officer in dealing with internal and external audit queries and controls pertaining to funds delegates

Fund Control & Reporting:

• Oversee a portfolio of direct lending Credit Funds including review of accounting records, annual accounts, capital account statements and other investors reports
• Support the board of directors of the credit funds and SPVs on corporate, legal and tax matters related to fund governance
• Maintain and oversee corporate records and statutory files for credit funds and SPVs
• Coordinate and oversee the year end audit
• Cash management, including the initiation and oversight the distribution , capital calls, etc.
• Supervise the deal execution
• Review foreign tax reporting and oversee the annual Lux tax compliance processes as well as ad hoc tax-related requests
• Support the implementation of the hedging strategy of the funds
• Assist with specific transaction or restructuring by liaising with administrator, tax and legal advisors, etc.
• Assist the Capital Formation team with fund finance related cyclical and ad-hoc queries
• Assist with ad-hoc projects including process automation and data strategy

Essential Skills and Characteristics

• Qualified accountant (experience of the private credit and/or private equity industry, either through audit, Fund administration or in-house)
• Experience with AIFMD regulation and exposure to Alterative Investment Funds domiciled in Luxembourg
• Between 5-8 years of relevant experience
• Fluent and able to work in English
• Intermediate Excel user is essential (and experience in other applications would be beneficial)
• Excellent organisational skills. The role requires the individual to be able to manage multiple tasks simultaneously across a variety of products and work streams
• Highly personable, with the ability to influence and create relationships at all levels
• Excellent teamworking skills as the role will involve extensive interaction with both organisational and investment professionals across the globe
• Strong analytical skills / highly numerate
• Attention to detail and the ability to explain and interpret data
• An interest in the dynamics of alternative asset management, complemented by a broad understanding of capital markets and investment concepts
• Comfortable working within an international environment which will include cross office collaboration

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