Associate, Private Credit

Invesco EMEA; Greater London; On-site; GBP 65,000 - 105,000; Full time

Job summary

Invesco in London is seeking an Associate - Private Credit to join the Bank Loans team. You will support credit analysis, build detailed cash-flow models, and contribute to portfolio construction across senior secured loans and high-yield bonds.

You will engage in market due diligence, monitor 25–30 loan/bond positions across 2–3 industries, and present investment ideas to the Investment Committee. Strong Excel skills and CFA are advantageous.

Qualifications

• Experience as a credit, leveraged finance, or corporate finance analyst (buy-side, sell-side, rating agency, PE, consulting, or similar).
• Strong proficiency in Microsoft Office, especially Excel and Word.
• Bachelor's degree required; CFA qualification beneficial.
• Additional European language(s) preferred.

Responsibilities

• Review and prepare credit theses for new senior secured loan and high-yield bond investments (fixed and floating).
• Produce detailed credit proposals, including company and industry analysis, capital structure assessment, cash-flow projections, collateral adequacy, management quality, lender and sponsor strength, and restructuring considerations.
• Present well-argued investment recommendations to the Investment Committee.
• Develop clear views on entry and exit yields for both existing and potential investments.
• Build in-depth knowledge across 2-3 industries and maintain full coverage of all senior loan and high-yield opportunities within those sectors.
• Work toward taking responsibility for 25-30 loan and bond positions.
• Conduct ongoing monitoring, including financial analysis, cash-flow modelling, rating reviews, collateral assessments, and performance tracking.
• Identify relative value opportunities and make informed buy/sell/hold recommendations.
• Actively generate new investment ideas within your coverage universe.
• Participate in management meetings, site visits, plant tours, and inspections.
• Engage with syndicate desks, sell-side analysts, and private equity sponsors to evaluate both primary and secondary investment opportunities.
• Review loan and bond documentation for new transactions and amendments, in collaboration with senior analysts and team leaders.
• Build and maintain a strong network of peers to understand market sentiment on amendments and new deals.
• Assist in the workout and restructuring of distressed positions.
• Support senior team members in evaluating complex secondary and stressed opportunities.
• Maintain accurate electronic credit files, compliance reports, collateral records, and exposure reporting.
• Ensure all activities align with Invesco's Conduct Principles.

Skills

Credit analysis

Leveraged finance

Corporate finance

Excel

Word

CFA (beneficial)

European languages

Education

Bachelor's degree

CFA designation beneficial

Tools

Microsoft Office

MS Excel

MS Word

Job description

As one of the world's leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

Job Description

Your job

We're looking for an Associate - Private Credit to join our Bank Loans team in London!

This is an exciting opportunity to work across senior secured loans and high-yield bonds while developing deep sector expertise, driving fundamental credit analysis, and contributing directly to portfolio construction. If you enjoy analytical work, want to deepen your understanding of leveraged finance, and thrive in a collaborative investment environment, we'd love to hear from you.

Investment Analysis & Credit Underwriting

• Review and prepare credit theses for new senior secured loan and high-yield bond investments (fixed and floating).
• Produce detailed credit proposals, including company and industry analysis, capital structure assessment, cash-flow projections, collateral adequacy, management quality, lender and sponsor strength, and restructuring considerations.
• Present well-argued investment recommendations to the Investment Committee.
• Develop clear views on entry and exit yields for both existing and potential investments.

Sector Coverage & Monitoring

• Build in-depth knowledge across 2-3 industries and maintain full coverage of all senior loan and high-yield opportunities within those sectors.
• Work toward taking responsibility for 25-30 loan and bond positions.
• Conduct ongoing monitoring, including financial analysis, cash-flow modelling, rating reviews, collateral assessments, and performance tracking.
• Identify relative value opportunities and make informed buy/sell/hold recommendations.
• Actively generate new investment ideas within your coverage universe.

Market Interaction & Due Diligence

• Participate in management meetings, site visits, plant tours, and inspections.
• Engage with syndicate desks, sell-side analysts, and private equity sponsors to evaluate both primary and secondary investment opportunities.
• Review loan and bond documentation for new transactions and amendments, in collaboration with senior analysts and team leaders.
• Build and maintain a strong network of peers to understand market sentiment on amendments and new deals.

Distressed & Special Situations

• Assist in the workout and restructuring of distressed positions.
• Support senior team members in evaluating complex secondary and stressed opportunities.

Risk Management & Administration

• Maintain accurate electronic credit files, compliance reports, collateral records, and exposure reporting.
• Ensure all activities align with Invesco's Conduct Principles.

What you can bring

• Experience as a credit, leveraged finance, or corporate finance analyst (buy-side, sell-side, rating agency, PE, consulting, or similar).
• Strong proficiency in Microsoft Office, especially Excel and Word.
• Bachelor's degree required; CFA qualification beneficial.
• Additional European language(s) preferred.
• Strong analytical skills with the ability to "join the dots" and see the bigger picture.
• Excellent financial modelling, quantitative, and qualitative assessment capabilities.
• Clear written and verbal communication skills; comfortable presenting to senior stakeholders.
• Highly organised, detail-oriented, and able to manage multiple priorities.
• A proactive, solution-oriented mindset with strong integrity and teamwork skills.

Full Time / Part Time

Full time

Worker Type

Employee

Job Exempt (Yes / No)

Yes

Workplace Model

Pursuant to Invesco's Workplace Policy, employees are expected to comply with the firm's most current workplace model, which as of October 1, 2025, includes spending at least four full days each week working in the role's advertised office. This reflects our belief that spending time together in the office helps us build stronger relationships, collaborate more easily, and support each other's growth and development.

We promote a working environment that welcomes everyone and creates inclusive teams, celebrates difference and encourages everyone to be themselves at work.

Our commitment to the community and environmental, social and governance investing:

We partner with charitable organisations globally to make an impact in the communities where we live and work. Our people are encouraged to support the charities they feel most passionate about. We are also committed to environmental, social and governance (ESG) investing. We serve our clients in this space as a trusted partner both on specific responsible investment product strategies as well as part of our commitment to deliver a superior investment experience.

Recruitment Agencies:

Invesco has an in-house recruitment team, which focuses on sourcing great candidates directly. Invesco will not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact hiring managers directly.

Regulatory:

This position may fall in-scope of one or multiple regimes/directives.