Associate Director or Senior Manager | Direct Lending Portfolio Management

Macquarie Bank Limited; London; Hybrid; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a driven individual to join their Direct Lending Portfolio Management Team. This role involves supporting Portfolio Managers in investment assessments, conducting due diligence, and managing portfolios for clients. The ideal candidate will have extensive experience in private credit, strong analytical skills, and a proactive approach to ownership. This dynamic position offers the chance to contribute to a growing Private Credit business, working alongside a supportive team dedicated to achieving exceptional outcomes. Join a company that values diverse perspectives and empowers its employees to thrive in a collaborative environment.

Benefits

Hybrid and flexible working arrangements

Wellbeing leave day

Minimum 25 days of annual leave

Paid volunteer leave

Employee Assistance Program

Recognition and service awards

Qualifications

• 8+ years in investment roles, focusing on private credit or leveraged finance.
• Experience in financial modeling and due diligence for mid-market borrowers.

Responsibilities

• Support Portfolio Managers in managing direct lending portfolios.
• Engage with investment teams and prepare investment memos.

Skills

Investment Analysis

Financial Modeling

Due Diligence

Valuation Analysis

Portfolio Management Principles

Analytical Skills

Ownership and Accountability

Job description

Associate Director or Senior Manager | Direct Lending Portfolio Management

Macquarie Asset Management is looking to add to its growing Private Credit business by hiring a driven individual to join its Direct Lending Portfolio Management Team. Our Direct Lending strategy leverages Macquarie's extensive experience as a principal investor and private credit asset manager. This strategy aims to create a differentiated offering within this dynamic asset class, investing via European and US funds in middle market companies in defensive sectors with resilient markets and stable cash flows. At Macquarie, our advantage is bringing together diverse people and empowering them to succeed. We are a global financial services group operating in 34 markets and with 55 years of unbroken profitability. You’ll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

As a member of our team, you will directly support the Portfolio Managers in investing and managing direct lending portfolios for Macquarie Asset Management clients. You will take a lead role in the assessment of investment opportunities for the Macquarie Asset Management funds. This will involve engaging with the investment team, preparing investment memos, performing rigorous reviews of financial models, credit structures, and documentation, undertaking due diligence, and completing rating assessments and ESG assessments. You will work with team members to monitor and manage our investments with oversight from the Portfolio Managers, including assessment of regular borrower reporting, valuation analysis, waivers and amendments. Additionally, you will support portfolio considerations across investment vehicles, including review of portfolio construction, liquidity requirements, investment objectives, risk limits and return requirements, liaising with operational teams as required. You will manage and produce internal portfolio analysis, contribute commentary and data to internal and external reporting. Furthermore, you will support the Direct Lending fundraising strategy and implementation through working with the Portfolio Managers and Client Solutions Group. This will include assisting in preparing materials for fundraising and client management efforts. You will also maintain fluency in macro and micro trends influencing the direct lending origination and fundraising markets. Lastly, you will work with Enterprise teams to continually improve investment and business processes with a focus on digital solutions.

What you offer

• 8+ years of experience in an investment-oriented role in private credit or leveraged finance, preferably with a focus on structuring and/or analysing corporate debt risk fundamentals.
• Ability to review and work with financial models and extensive experience in the due diligence of mid-market direct lending borrowers, including assessment of legal, technical, and financial reports.
• Fluency in valuation analysis.
• Knowledge of portfolio management principles and experience in preparing portfolio level analysis for a credit portfolio.
• Proficiency in analytical discussions with a balanced, commercial approach to risk decisions.
• Self-starter with strong sense of ownership and accountability.

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply.

Benefits

Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• Hybrid and flexible working arrangements
• One wellbeing leave day per year and minimum 25 days of annual leave
• Primary carers are eligible for minimum 20 weeks paid leave and minimum 6 weeks for secondary carer
• Paid volunteer leave and donation matching
• Range of benefits to support your physical, psychological and financial wellbeing
• Employee Assistance Program, a robust behavioral health network with counseling and coaching services
• Recognition and service awards

Our commitment to diversity, equity and inclusion

We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process. Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.