Associate Director, Private Fixed Income - SLC Management

Sun Life Financial; Wellesley (MA); On-site; USD 107,000 - 177,000; Full time

Benefits offered by this job

Excellent benefits

401(k) match

Flexible work environment

Career growth opportunities

Inclusive culture

Job summary

SLC Management in Wellesley, MA, is seeking an Associate Director, Private Fixed Income to join the Corporate Private Placement team. You will originate opportunities, perform credit underwriting, financial modeling, and deliver annual reviews for the private debt portfolio.

Collaborate with senior leaders, prepare management reports, and contribute to investment decisions. This hybrid role offers competitive pay, strong benefits, and growth opportunities within Sun Life Financial.

Qualifications

• Bachelor's degree required.
• 2+ years of post-undergraduate work experience.
• Progress towards CFA designation is a plus.
• Strong written skills evidenced by professional experience.
• Investment and accounting proficiency evidenced by professional experience.
• Understanding of debt and equity markets and instruments.
• Ability to analyze financial statements and ratios.
• Proficient use of Bloomberg and Capital IQ.
• Ability to work independently and collaboratively and take on responsibility.

Responsibilities

• Originate new investment opportunities within the investment grade market; primarily corporate private placement transactions.
• Prepare detailed investment memos through strong credit underwriting, detailed financial modeling and analysis.
• Develop detailed written annual reviews, financial analyses, models and amortization schedules.
• Credit rating analysis through peer comparisons and credit risk scorecards.
• Prepare management reports on portfolio status and performance.
• Evaluate potential investments for portfolio suitability via company and industry research, credit and relative value analysis.
• Determine risk-return acceptability through credit and pricing analyses.
• Negotiate deal bidding and legal documentation on behalf of clients.

Skills

Financial analysis

Credit underwriting

Financial modeling

Investment accounting

Written communication

Interpersonal skills

Leadership & presentation

Time management

Independent / collaborative

Education

Bachelor's degree

CFA progression

Tools

Bloomberg

Capital IQ

Microsoft Office

Job description

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1400 organizations. Our history of organic and strategic growth reflects this commitment with over CA$387/US$286 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset. As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape. Visit our website to learn more and for the most up to date AUM information.

SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.

What is in it for you

We are seeking an Associate Director, Private Fixed Income to join the Corporate Private Placement team in Wellesley, MA, contributing to the investment grade portfolio objectives of the Private Fixed Income (PFI) group at SLC Management. SLC's Private Fixed Income group is one of the largest investment grade private debt investors in North America. The team is responsible for the investment management of over $41 billion of private debt, invested and managed on behalf of Sun Life Financial's balance sheet and a growing third-party client base. The cross-border team of more than 50 investment professionals is organized across three verticals: Corporate Credit, Infrastructure Debt, and Structured Credit. The PFI team has an annual investment program in excess of $8 billion. PFI holdings are comprised of high-quality, investment grade transactions that are highly negotiated and customized, enabling SLC to achieve yields in excess of comparably rated public securities. The breadth and depth of Sun Life's private fixed income portfolio provide the organization with a meaningful competitive advantage. The PFI team's investment philosophy, disciplined approach, collaborative culture, and deep expertise have enabled it to achieve a leading market position.

What You Will Do

• Originate new investment opportunities within the investment grade market; primarily corporate private placement transactions
• Prepare detailed investment memos through strong credit underwriting, detailed financial modeling and analysis
• Develop detailed written annual reviews, financial analysis, models and amortization schedules
• Credit rating analysis through peer comparables and credit risk scorecards
• Prepare management reports on the status and performance of the portfolio
• Evaluate potential investments for portfolio suitability by conducting company and industry research, credit and relative value comparable analysis, due diligence
• Determine whether the risk-return profile is acceptable through credit and pricing comparable analysis
• Negotiate deal bidding and legal documentation on behalf of clients

What You Will Need To Succeed

• Bachelor’s degree required
• 2+ years of relevant post-undergraduate work experience
• Progress towards, or completion of CFA designation is a plus
• Strong written skills as evidenced by professional experience
• Investment and accounting proficiency as evidenced by professional experience
• Understanding of the fundamental principles of debt and equity markets and instruments
• Ability to analyze financial statements, calculate a broad range of financial ratios and interpret/communicate results
• Detailed knowledge of Microsoft applications, proficient use of Bloomberg and Capital IQ
• Ability to work both independently and collaboratively and eager to take on responsibility
• Comfortable interacting and leading discussion with senior leaders
• Established organizational abilities and time management skills with ability to multitask
• Advanced problem solving and conceptual thinking skills

Preferred Skills

• Exceptional credit underwriting capabilities including rating analysis, financial modeling, and risk/return assessment and legal structure understanding
• Demonstrated relationship-building and negotiation skill through outreach to banks, brokers, borrowers, rating agencies and other institutional investment peers
• Detail-oriented portfolio management skills including experience with consents, quarterly and annual investment monitoring, and credit ratings
• Contribute to New Business Volume targets by sourcing, analyzing and structuring investment opportunities that demonstrate an acceptable risk/return relationship
• Strong interpersonal skills and professional presentation, with demonstrated leadership capabilities, and the ability to network within the organization and broader private placement market

Salary

For US applicants the base salary range is $106,750.00 - $177,000.00 USD

Benefits

• Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading paid family, parental and adoption leave, a partially-paid sabbatical program, medical plans, company paid life and AD&D insurance as well as disability programs and more
• Retirement and Stock Purchase programs to help build and enhance your future financial security including a 401(k) plan with an employer-paid match as well as an employer-funded retirement account
• A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development
• The opportunity to move along a variety of career paths with amazing networking potential
• Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., “Best Places to Work in Money Management” by Pension & Investments, “Top 10” employer by the Boston Globe's “Top Places to Work” two years running

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees.

We are committed to fostering an inclusive environment where all employees feel they belong, are supported and empowered to thrive. We are dedicated to building teams with varied experiences, backgrounds perspectives and ideas that benefit our colleagues, clients, and the communities where we operate. We encourage applications from qualified individuals from all backgrounds.

Persons with disabilities who need accommodation will be provided reasonable accommodation for job applicants or those needing job postings in an alternative format may e-mail a request to [e-mail].

We do not require or administer lie detector tests as a condition of employment or continued employment.

For applicants residing in California, please read our employee California Privacy Policy and Notice.

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.