Associate

Universities Superannuation Scheme; City Of London; Hybrid; GBP 40,000 - 60,000; Full time

Job summary

A major pension fund in the UK is looking for an Associate in the Private Markets team. This role involves participating in various investment processes, supporting origination, conducting due diligence, and collaborating with internal stakeholders. The ideal candidate will have an undergraduate degree, strong analytical skills, and a proactive work ethic. Join us to contribute to a meaningful pension scheme and enjoy a hybrid working model with excellent benefits.

Benefits

Great starting salary

Generous annual leave

Access to high quality pension scheme

Supportive people policies

Financial contributions for development

Access to health and well-being services

Learning and development opportunities

Employee Volunteer Days

Cycle to Work Scheme

Qualifications

• Post-graduate experience in financial services.
• Background in investment, advisory, banking, or related fields.
• Experience in valuation, cash flow, LBO and DCF modelling.

Responsibilities

• Support origination through research and analysis.
• Liaise with investee companies and investment managers.
• Contribute to investment due diligence and structuring.

Skills

Analytical skills

Interpersonal skills

Proactive team player

Ability to travel internationally

Education

Undergraduate degree or equivalent

Tools

Microsoft Excel

Microsoft Word

Microsoft PowerPoint

Job description

96

Associate

Business Area : Private Markets

Place of Work : London

Contract Type : Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

Our office is a vibrant place to work, and we offer flexibility of office / homeworking due to our hybrid model.

About the role

In your role as Associate you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to

participate in all aspects of the investment process across a mix of direct investment, co-investment and fund investments and will encompass the full breadth of infrastructure and private equity activity across origination and structuring of transactions to asset management and portfolio monitoring.

As an Associate, you will be a part of a pool of equity Analysts, Associates and Senior Associates working across both equity teams.

You will have a career path towards specialising further in either team, initially as a Senior Associate before progressing to Associate Investment Director and beyond.

What you will be doing

As a trusted part of the Private Markets team you will be responsible for :

• Supporting origination through research, analysis, and sector monitoring.
• Liaising with targets, investee companies, and investment managers.
• Contributing to investment due diligence, structuring, and valuation analysis.
• Supporting legal workstreams and coordinate external advisors.
• Co-author and present Investment Committee papers.
• Collaborating with internal stakeholders on tax, legal, risk, and compliance.
• Assisting in asset management activities, monitoring performance and engaging with GPs and company leadership

About you

We know that sometimes people can be put off applying for a job if they don't tick every box, if you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have :

• Undergraduate degree or equivalent, with post-graduate experience in financial services.
• Background in investment, advisory, or related fields (investment management, banking, corporate finance, consulting, law).
• Strong analytical skills with experience in valuation, cash flow, LBO and DCF modelling.

Prior exposure to infrastructure and / or private equity

Strong analytical skills with experience in valuation, cash flow, LBO and DCF modelling.

• Proficiency in Microsoft Excel, Word, and PowerPoint.
• Excellent interpersonal and communication skills, able to build strong relationships.
• Proactive team player with strong work ethic, willingness to learn, and ability to travel internationally.

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others. We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team.

Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

• Great starting salary
• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• Access to a range of health and wellbeing services , private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Day’s to support the communities where you work and live
• Cycle to Work Scheme
Our culture and values

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values

• Integrity
• Collaboration

Excellence

About us

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for almost 577,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £ (at 31 March 2025). To find out more, please visit

The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £26 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities Superannuation Scheme (USS). By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG