Associate Asset Manager

Universities Superannuation Scheme (Ltd); London; Hybrid; GBP 45,000 - 65,000; Full time

Benefits offered by this job

Generous annual leave package

High quality pension scheme

Health and wellbeing services

Learning and development opportunities

Employee Volunteer Days

Job summary

A leading pension scheme in London is seeking an Associate Asset Manager to manage private credit investments. This role involves overseeing portfolio performance, collaborating with various teams, and maintaining strong stakeholder relationships. Ideal candidates have experience in asset management and a proactive approach to enhancing processes. This position offers a generous leave package and opportunities for professional development.

Qualifications

• Proven track record in asset management of private credit investments.
• Experience working with deal teams on onboarding and lifecycle management.
• Knowledge of asset management operating models.

Responsibilities

• Lead asset management for allocated private credit investments.
• Monitor asset performance and manage risks.
• Define operating models and onboarding processes.

Skills

Asset management of private credit investments

Relationship management

Credit analysis

Risk management

Portfolio oversight

Job description

Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)

Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)

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 Asset Manager, you will make a meaningful and valued contribution from the outset.

This role will provide a great opportunity to support PCAI asset management activities across the private credit portfolio, with a focus on direct credit loans and portfolios.

Key responsibilities include onboarding, lifecycle event management, portfolio monitoring, relationship management, operational oversight, and helping to deliver strategic objectives.

You will also provide regular updates to internal committees and represent USS on our credit committees.

The role requires strong collaboration with the PCAI Asset Management and investment teams, PMG, internal USS stakeholders, and a range of external partners.

What you will be doing

As a trusted part of the Private Markets, you will:

• Lead asset management for allocated private credit investments, developing and delivering Asset Management Plans to maximise value
• Monitor asset performance, manage risks, ensure covenant compliance and oversee lifecycle events, negotiations, and amendments
• Define operating models, credit oversight requirements, and onboarding processes for new investments
• Manage relationships with borrowers, co-investors, advisors, and key stakeholders, ensuring USS objectives are met
• Oversee portfolio oversight processes, including macro risk reviews, ESG and governance compliance, and performance against investment cases
• Drive continuous improvement in asset management processes, governance, and reporting
• Mentor junior team members and contribute to asset management committee discussions

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:

• Proven track record in asset management of private credit investments, including relationship management, credit analysis, risk management and portfolio oversight
• Experience working with deal teams on onboarding and lifecycle management of private credit investments
• Knowledge of asset management operating models and LMA standard or credit legal documents
• Skills in influencing senior stakeholders and implementing asset management policies and procedures
• Background in portfolio monitoring within GP, pension fund, bank, asset/fund manager, or relevant consultancy/advisory roles
• Experience in lending markets, infrastructure, renewables project finance or long-duration inflation-linked credit

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

• 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 i.e., private healthcare, discounted gym membership
• Learning and development opportunities to develop your skills, knowledge and talent
• Employee Volunteer Days to support the communities where you work and live
• Cycle to Work Scheme

Our culture and values

Our people are what make 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

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 more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit https://www.uss.co.uk

The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £25 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" approach to investing which allows us to maximise origination, due diligence, transaction execution and asset management by tailoring the right mix of skills.

Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed a strong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.

PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies including Heathrow Airport and Moto, and, through its holdings, is an established presence in the UK renewables sector. We also hold governance positions through our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.

Being part of USS Investment Management (USSIM), the in-house manager for the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strong ESG credentials across its investments.

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting [e-mail].

Seniority level

• Seniority level

  Mid-Senior level

Employment type

• Employment type

  Full-time

Job function

• Job function

  Finance and Manufacturing

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