Debt Origination Manager (12 month FTC)

• This role sits within the Debt Origination Team. The Debt Origination team is part of PIC Capital, PIC’s wider private asset origination business that operates across various private markets.
• The Debt Origination Team contributes to the overall success of the business by sourcing, structuring and investing in off-benchmark investment grade debt. The key rationale for us to directly invest is to a) source returns that are in excess of where public bonds are trading, b) to obtain cash flows not available elsewhere and c) to provide diversification of access to credit markets. The Debt Origination team has invested more than £10 billion over a decade in areas like structured finance, social housing, infrastructure, renewable energy, financials, and other public sectors.
• In this position, you will support the origination and execution of investment grade private debt opportunities across a range of sectors
• The role requires the ability to effectively collaborate with stakeholders across the business including Legal, Risk, Credit Research, Responsible Investing, and Finance, to ensure they are included in any new deal and that investments are well understood.
• Our Company values are expected to be reflected in the delivery and performance of every role.
• 12-month Fixed-Term Contract

Specific accountabilities assigned to the role of Debt Origination Manager within the Debt Origination team:

• Responsible for sourcing, pricing, and structuring investment grade private debt opportunities across a broad range of sectors that are suitable for an insurance company to match long-dated liabilities.
• To actively participate in PIC’s credit and investment committees to appropriately challenge, debate and agree  existing and potential future assets.
• To effectively collaborate with stakeholders across the business including Legal, Risk, Credit Research, Responsible Investing, and Finance, to ensure they are included in any new deal and that investments are well understood.
• To review and scrutinise all relevant due diligence documentation to ensure the risks of the transaction are documented and understood.
• Takes ownership for their own learning and development in both technical and non-technical skills of private debt origination
• Keeps informed of industry trends, market developments, regulatory changes in the private debt space and relevant sectors, by attending industry seminars, reading and sharing relevant published articles.

Requirements

Knowledge

• Good technical knowledge of credit, pricing, structure and ratings for investment-grade private debt transactions
• Detailed knowledge of modelling cashflows for individual assets including inflation and foreign currency assets
• Familiar with private debt markets
• An understanding of the Solvency II regulatory framework for insurers

Skills

• Strong organisational skills
• Strong communication skills
• Ability to persuade and influence both directly and indirectly
• Ability to organize work to meet deadlines
• Ability to work within defined procedures as recommended by functional teams
• Commercial judgement
• Good working knowledge of MS Excel, Bloomberg, MS PowerPoint, MS Word

Experience

• CFA or similar professional qualification
• Front office experience working in an insurer/ asset manager/ pension fund/ bank/ rating agency/ law firm or advisory firm in investment grade private debt
• Sector experience in project finance or structured finance is preferable
• Experience presenting investment opportunities to relevant committees
• Experience in reviewing loan/ bond documentation
• Experience in managing external relationships such as banks, arrangers, lawyers and borrowers

Benefits

• 28 days’ annual leave plus bank holidays
• Pension
• Insurance for Travel, Private Medical, Critical Illness, Life Assurance and Income Protection
• Save As You Earn (SAYE)
• Bonus
• Flexible Working
• Dress for your Day
• Cycle to Work
• Fruit and snacks
• Company events

And more