Associate, Credit Operations

Marathon Asset Management, LP•New York, NY

13h•$100,000 - $150,000

About The Position

Marathon Asset Management is a global asset manager specializing in public and private credit, with approximately $23 billion in assets under management and more than 27 years of experience. Its integrated global credit platform includes private credit strategies—Direct Lending, Asset Based Lending, and Opportunistic Credit—and public credit strategies—High Yield, Leveraged Loans and CLOs, Emerging Markets, and Structured Credit. Its mission is to build lasting partnerships and deliver performance, service, and reliability for clients. CVC Marathon is seeking an Associate, CLO Operations to support capacity, cross-coverage, and controls for its growing performing credit platform. The cross-functional role covers daily trade execution, managed-vehicle activity, data quality, reporting, and transaction activity. The Associate works with senior team members and partners with Portfolio Management, Legal, trustees, collateral administrators, and custodians to provide timely, accurate, well-documented information.

Requirements

4–7 years of experience in CLO or structured-credit operations, fund administration, or trustee/agent services.
Strong working knowledge of CLO indentures, waterfall mechanics, compliance testing, and transaction lifecycle processes.
Hands-on experience with trade settlements, reconciliations, exception management, and operational reporting.
Strong analytical and data-management skills; advanced vendor-systems experience and proficiency in Excel; comfort working with large, complex datasets.
Clear written and verbal communication skills, including the ability to work directly with internal stakeholders, trustees, administrators, and other relevant counterparties.
Highly organized self-starter with strong judgment, attention to detail, and the ability to manage multiple deadlines independently.
Bachelor’s degree in Finance, Accounting, Economics, or a related discipline.

Nice To Haves

Experience with CLO reporting, loan and bond administration, and warehouse facilities, including asset approvals, borrowings and paydowns, accruals, and carry calculations.
Exposure to CLO closings, reset transactions, refinancing mechanics, and rating-agency surveillance.
Experience improving operating workflows through automation, scripting, or AI-assisted analysis, reconciliation, and reporting.

Responsibilities

Provide daily operational support, including monthly reporting, quarterly waterfall reviews, management-fee projections, and recurring control processes.
Execute trade settlements and provide backup coverage; investigate and resolve position breaks, fails, and discrepancies with counterparties, custodians, and administrators.
Support daily and weekly compliance reconciliations with the collateral administrator, including review of overcollateralization and interest coverage tests, collateral quality tests, and concentration limits.
Support warehouse activity by coordinating asset approvals, borrowings, and paydowns, with appropriate documentation and control evidence.
Run daily hypothetical trades and troubleshoot across systems to identify and remediate breaks.
Support new CLO closings, resets, refinancings, and post-close setup; coordinate fund cash-flow movement and documentation with Legal, trustees, arrangers, and rating agencies.
Perform indenture analysis to support trade-activity compliance and reporting.
Maintain effective working relationships with internal and external partners, including Legal and Compliance, Accounting, trustees, and collateral administrators.
Improve workflows through documentation, data validation, and automation using AI-enabled tools, and help build durable cross-coverage for critical processes.
Support wind-downs, redemptions, and other lifecycle events for maturing or called transactions.