Assistant Vice President (AVP) - Leveraged Finance Research

mgpru; Mumbai; Sur place; INR 4 000 000 - 7 000 000; Plein temps

Résumé du poste

M&G India in Mumbai seeks an Assistant Vice President for Leveraged Finance Research to lead analytical work and manage a small team within the front-office investments unit. You will evaluate opportunities across leveraged loans, private credit and high-yield issuers in Europe and the UK, while collaborating with portfolio managers.

The role combines rigorous credit analysis with mentoring, building detailed financial models, and enhancing research tools using Excel, Python, VBA and Power BI.

Qualifications

• Deep understanding of leveraged finance, corporate credit and capital structures.
• Strong financial modelling and ability to normalise EBITDA and adjust figures.

Responsabilités

• Underwrite primary and secondary investment opportunities.
• Monitor portfolio exposures and identify emerging risks.
• Conduct sector research to support investment decisions.
• Mentor and develop junior analysts.
• Drive automation of research tools using Excel, Python, VBA or Power BI.
• Review credit agreements and intercreditor arrangements.

Connaissances

Leveraged finance

Credit analysis

Financial modelling

Portfolio monitoring

Outils

Excel

Python

VBA

Power BI

Description du poste

About M&G India

We are M&G India, the strategic innovation and digital hub for M&G. Established in 2003, we have offices in Mumbai and Pune.

Our teams work closely with colleagues across the Group worldwide to drive transformation, build digital capability, and support sustainable growth. By leveraging technology, AI, automation, and process excellence, we bring new ways of thinking to improve outcomes for both customers and colleagues.

Grounded in a vibrant culture with strong foundations, we are central to how M&G is transforming as a business.

About M&G

Our purpose is to give everyone real confidence to put their money to work. With a heritage dating back more than 175 years, we have a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions.

Our two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.

Through telling it like it is, owning it now, and moving it forward together with care and integrity; we are creating an exceptional place to work for exceptional talent.

Title: Assistant Vice President (AVP) - Leveraged Finance Research

Function: Investments

Sub Function: Investment Research

Reports to: Vice President - Private Markets Research

Location: Mumbai

Overall Job Purpose

This role is part of the front-office investments team and involves working closely with the onshore M&G Leveraged Finance Research team. This is a dual role and includes both team management and analytical contributions. The responsibilities include evaluating investment opportunities across leveraged loans & private corporate credit opportunities in the UK and Europe. The role has four primary areas of focus: 1) underwriting and recommending primary and secondary investment opportunities, 2) monitoring existing portfolio exposures and identifying emerging risks, 3) conducting thematic and sector research to support investment decision-making and 4) managing, mentoring and developing junior team members. The successful candidate will combine rigorous fundamental analysis and intellectual curiosity to develop differentiated credit views, challenge assumptions and provide actionable investment recommendations to portfolio managers and senior analysts.

Accountabilities/Responsibilities

• Play a pivotal role across teams in fostering analytical excellence, intellectual rigour and effective knowledge sharing.
• Work closely with onshore front-office leveraged finance analysts covering leveraged loans, private corporate credit opportunities, high yield bonds and other related opportunistic credit investments.
• Support the underwriting of primary and secondary opportunities, assessing business quality, industry dynamics, management execution, sponsor behaviour, financial performance and capital structure risk.
• Build and maintain detailed financial models covering earnings, cash flow, liquidity, debt capacity, leverage, covenant headroom and deleveraging pathways.
• Review credit agreements, bond indentures and intercreditor arrangements to assess security, guarantees, covenants, baskets, portability, structural subordination and lender protections.
• Participate actively in management meetings, lender presentations, sponsor discussions and due diligence calls, confidently challenging assumptions and testing the investment thesis.
• Prepare concise, decision-useful investment memos that clearly articulate the thesis, catalysts, key risks, downside protection, relative value and recommendation.
• Monitor portfolio investments continuously and act as the first line of defence in identifying deteriorating credit quality, liquidity pressure, covenant monitoring and refinancing risk.
• Conduct sector and thematic research to identify structural trends, vulnerable business models and attractive risk-adjusted opportunities ahead of consensus.
• Assess investments through an ESG lens, evaluating governance, sustainability and reputational factors that may affect long-term credit performance.
• Drive automation and enhancement of research tools and processes using Excel, Python, VBA, Power BI or other analytical technologies.
• Train, mentor and develop junior analysts through technical review, constructive challenge and continuous coaching.

Key Stakeholder Management

Internal:

• Head of Investment Research
• VP - Private Markets Research

External

• Onshore leveraged finance analysts
• Portfolio managers
• Issuers, management teams, arranging banks, financial sponsors and external advisers

Knowledge, Skills, Experience & Educational Qualification:

Knowledge & Skills:

• Deep understanding of leveraged finance, corporate credit and capital structures, including leveraged loans, high-yield bonds and private credit instruments.
• Good financial-statement analysis and modelling capability, including the ability to normalise EBITDA, identify adjustments and dis