Infrastructure Credit Associate - Alternative Investments

Santander Bank; City of Westminster; Hybrid; GBP 60,000 - 80,000; Full time

Job summary

A leading financial institution in the City of Westminster is seeking an Associate for their Targeted Enhanced-Yield Infra Debt Fund. This role involves constructing financial models, engaging with investee companies, and supporting investment monitoring while driving ESG initiatives. Candidates should have a background in financial analysis, a relevant degree, and strong interpersonal skills. The position is part of a hybrid working model, offering a competitive salary and benefits.

Benefits

Discretionary performance-related bonus

Hybrid working model

15% pension contribution

30 days holiday plus bank holidays

Company funded medical and dental insurance

Access to digital health services

Life assurance and income protection

Employee discount platform

Voluntary healthcare benefits

Wellbeing support programs

Global growth opportunities

Qualifications

• Professional background in buy-side credit, financial modelling, or accounting.
• Strong ability to conduct valuations of infrastructure companies.
• Ability to produce clear, professional reports in English.

Responsibilities

• Construct and analyse detailed financial models for credit investments.
• Engage with investee companies and manage fund data.
• Play an active role in fund raising and report to investors.

Skills

Financial modelling

Analytical skills

ESG knowledge

Interpersonal skills

Education

Degree in Engineering, Business Administration, Economics, or Mathematics

CFA or CAIA certification

Job description

As an Associate within the Targeted Enhanced‑Yield Infra Debt Fund, you will play a pivotal role in the analysis execution, and subsequent investment monitoring of global infrastructure and energy private credit high‑yield investments. This includes independently constructing and analysing detailed financial models, preparing high‑quality investment materials, and contributing informed views during idea generation and investment screening. You will engage directly with investee companies throughout the investment and monitoring phases, support ESG initiatives, and help manage the data, analytics and reporting that underpin effective portfolio oversight. You will be responsible for analysing investment opportunities in depth and producing clear, well‑reasoned proposals based on your findings. In addition, you will play a central role in workstreams that structure and negotiate transactions, undertake comprehensive financial, ESG and legal reviews, and manage investments – including preparing and presenting proposals to the fund's investment committee – with a strong emphasis on financial modelling and data‑driven insight. Working closely with senior management, you will contribute across all aspects of the fund's activities, supporting disciplined risk management and sustainable value creation. You will also play a key role in portfolio monitoring, investor reporting, and maintaining strong relationships with sponsors, advisors, counterparties and institutional clients. We're shaping the way we work through innovation, cutting‑edge technology, collaboration and the freedom to explore new ideas. To succeed in this role, you will:

• Construct and analyse detailed financial models associated with junior credit investments
• Formulate investment materials such as Investment Committee and portfolio monitoring papers, quarterly reports and wider professional reports.
• Engage with investee companies, advisors, sponsors and banks throughout the investment lifecycle.
• Drive and contribute to ESG analysis and initiatives aligned with the fund's objectives.
• Be a voice in the team when ideas are shared and investments are screened
• Manage fund data, investment monitoring and portfolio analytics
• Conduct detailed quantitative, investment analysis and underwriting
• Perform detailed cash flow modelling and cash extraction analysis to evaluate debt service capacity, downside scenarios, and overall investment resilience.
• Analysing due diligence materials and incorporating findings into the underwriting process
• Post investment performance monitoring, management and reporting
• Play an active role in fund raising and attend meetings with clients and investors
• Collaborate with senior management on the development of new investment strategies and thematic priorities within the infrastructure and energy private credit space

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. We're enabling teams to go beyond by valuing who they are and empowering what they bring. The following requirements represent the knowledge, skills, and abilities essential for success in this role. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

• Professional background in buy‑side credit, financial modelling or accounting/transaction services
• Strong knowledge of Infrastructure & Energy financing and investment, with a proven capacity to analyse complex private credit transactions.
• Experience of conducting valuations of infrastructure companies
• Ability to work independently on things like NDAs, engagement letters etc
• Experience producing clear, professional reports and presentations in English.
• Strong technical expertise in financial modelling, due diligence, valuation and credit
• Demonstrated ability to manage private credit investments through different economic cycles, with proven insight into the implications for financial credit structures and portfolio resilience.
• Strong interpersonal capabilities, with the ability to build trust and credibility with senior management, peers, investors, and counterparties.
• Self‑motivated, results‑oriented, and committed to exceeding objectives and delivering long‑term value creation.

Education

• A degree in Engineering, Business Administration, Economics, Mathematics, or related disciplines would be advantageous, provided they demonstrate a strong professional track record in infrastructure credit investment within an asset manager.
• Professional certifications such as CFA, CAIA, or equivalent will be considered highly desirable.

Santander (www.santander.com) is evolving from a global, high‑impact brand into a technology‑driven organisation, and our people are at the heart of this journey. Together, we are driving a customer‑centric transformation that values bold thinking, innovation, and the courage to challenge what's possible.

This is more than a strategic shift. It's a chance for driven professionals to grow, learn, and make a real difference. Santander Alternative Investments (SAI) is the Group's €10bn alternatives platform supported by over €4.4bn in co‑investment from Santander Group. This includes private credit, real assets, infrastructure, private equity, and GP stakes. SAI forms part of Santander Asset Management (SAM), a €255bn global asset manager operating across 10 countries across Europe and Latin America and with more than 50 years of experience. SAM combines the best of complementary worlds, technology and expertise, to provide optimal solutions for clients. We deliver a simple, innovative and transparent service with a sole objective: offer our clients a comprehensive range of products with the right balance between risk and return. Our behaviours underpin everything we do; we think clients, embrace change, act now, move together and speak up., At Santander Asset Management, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return. Here, recognition goes beyond pay. It's about the pride you feel in your work, the impact you make for our clients, and the opportunities you have to grow and thrive – personally and professionally.

As well as a competitive salary, we offer a wide range of benefits that you can choose from and tailor to your needs.

• Eligible for a discretionary performance‑related annual bonus
• Hybrid ways of working providing flexibility to work from home 2 days per week (on average)
• We put 15% of salary into your pension, even if you don't contribute yourself.
• 30 days' holiday plus bank holidays
• Company funded private medical and dental insurance for your and your family.
• Free access to a range of digital health services, including GP.
• Protection for you and your family, with company‑funded death‑in‑service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
• Voluntary healthcare benefits at discounted rates.
• As a Santander Asset Management employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services
• Wellbeing that goes beyond work – we work with a range of wellbeing partners across our 4 pillars of wellbeing (physical, mental, social and financial) to give you access to a suite of apps, discounted gym and fitness access, weekly online classes, flexible healthcare and mental health support.
• Global growth opportunities to shape your career, learn new skills and explore what's possible across our international network.

Ready to be recognised? It starts with you.

OUR COMMITMENT

At Santander Asset Management, we're proud to be an inclusive organisation that provides equal opportunities for everyone – regardless of age, gender, disability, civil status, race, religion or sexual orientation. We're committed to creating a recruitment experience that's accessible, fair and welcoming for all candidates. We want our people to thrive – at work and at home – while delivering the best outcomes for our customers and supporting each other to grow. To make this possible, our roles are hybrid, with flexibility to work from home two days a week, on average.