Principal Investments Associate

Javelin Global Commodities; Greater London; On-site; GBP 90,000 - 130,000; Full time

Benefits offered by this job

Annual discretionary bonus

25 days holiday

Company pension scheme

Private medical scheme

Travel insurance

Income protection

Life insurance

Bike2Work scheme

Season ticket loan

Onsite gym

Job summary

Javelin Global Commodities in London seeks an Associate to join the principal investment team focused on control and structured equity investments across the metals & mining value chain, including upstream mining assets, processing infrastructure, logistics, and asset-backed commodity platforms.

The Associate will play a key role in evaluating and executing investments in physical, cash-flow-generating commodity assets.

Qualifications

• Proven ability to build valuation analyses and independent investment recommendations.
• Experience in life-of-mine modelling and commodity price sensitivities.
• Strong financial modelling expertise for mining/real asset investments.

Responsibilities

• Build and own detailed financial models for mining and physical commodity assets, including LOM models and NAV analysis.
• Evaluate acquisition opportunities and prepare materials for investment committees.
• Participate in transaction structuring, including royalties/streams and offtake arrangements.
• Coordinate due diligence across financial, technical, ESG, and legal streams.
• Monitor asset performance and support refinancing and growth initiatives.
• Mentor junior team members and contribute to deal execution.

Skills

Financial modelling

NAV analysis

Valuation analysis

Due diligence coordination

Portfolio management

Commercial acumen

Job description

About Javelin

Javelin Global Commodities is a leading global commodities marketing, trading, logistics services and investment firm with head offices in London and wider global offices in New York, Dallas, San Diego, St Louis, Canada, Switzerland, Poland, Dubai, India, Singapore, China and Australia. Javelin was founded in 2015 and now operates across six continents with respect to more than 20 different commodities across thermal coal, metallurgical coal, iron ore, steel scrap, metals, hydrocarbons, freight, agriculture, and renewables.

Established in 2015, Javelin employs over 200 people and is a unique place to grow your career. We take pride in our values, global reach, meritocratic culture and strong work ethic. Our success over the years has been built on our guiding principles of customer service, creativity, transparency, integrity, and responsibility.

Whilst our footprint grows, we still foster a small-company atmosphere. We have a flat company structure and encourage collaboration across all seniority levels, teams and locations to generate the best ideas. Javelin has a dedicated strategy to support local and meaningful charities through volunteer days, donation matching, a ‘give as you earn’ scheme and other fundraising activities. We are committed to the wellbeing of our colleagues and organise various social evenings, sports clubs and lunchtime activities. Our London office has on-site gym facilities and a golf/sports simulator.

The Role

We are seeking an Associate to join our principal investment team, focused on control and structured equity investments across the metals & mining value chain, including upstream mining assets, processing infrastructure, logistics, and asset-backed commodity platforms.

The Associate will play a key role in evaluating and executing investments in physical, cash-flow-generating commodity assets.

You will lead detailed financial modelling and valuation analysis, manage diligence processes across technical and commercial workstreams, and support active portfolio management of operating mining and resource-backed businesses. As well as being a key contributor you will also role model and support junior colleagues through projects in order to achieve the best outcomes.

• Build and own detailed financial models for mining and physical commodity assets, including life-of-mine (LOM) models, NAV analysis, commodity price sensitivities, and capital structure optimisation.

• Evaluate acquisition opportunities through valuation analysis and prepare relevant materials for investment committees and wider stakeholders.

• Participate in transaction structuring and execution, including acquisition agreements, financing arrangements, royalty/streaming structures, and offtake-linked investments.

• Manage financial, technical, geological, environmental, and legal due diligence workstreams; coordinate third-party advisors and translate technical findings into underwriting adjustments.

• Monitor portfolio asset performance, including production metrics, cost curves, capex deployment, and hedging exposure; support refinancing and expansion initiatives.

• Track market dynamics and contribute to thematic research and origination within targeted commodity subsectors.

• Provide mentorship to more junior team members with technical expertise through deal experience.

• Experience of working on complex, structured transactions within a high calibre institution

• Strong financial modelling expertise, including life-of-mine (LOM) models, NAV analysis, and commodity price sensitivity analysis for mining/real asset investments within a

• Proven experience evaluating investment opportunities, with the ability to independently build valuation analyses and contribute to investment committee materials

• Hands-on involvement in transaction execution, with exposure to deal structuring (acquisitions, project finance, royalties/streams, offtake arrangements etc)

• Ability to manage and drive due diligence workstreams (financial, technical, legal, ESG), coordinating others and synthesising findings into investment recommendations

• Experience monitoring and analysing asset performance (production, cost curves, capex, hedging), with input into optimisation, refinancing, or growth initiatives

• Good commercial understanding of commodity markets, with ability to support thematic research, market analysis, and origination efforts

• Strong communication skills, able to translate complex inputs into clear, actionable investment insights for internal and external stakeholders

• Demonstrated ability to mentor and support junior team members, contributing to team development and knowledge sharing.

• Annual discretionary bonus

• 25 days holiday

• Company pension scheme (10% company contribution)

• Private medical scheme with a range of additional wellbeing benefits

• Travel insurance

• Income protection

• Life insurance (5x salary)

• Bike2Work scheme including secure storage and showers

• Season ticket loan

• Onsite gym.