Product Development - US Wealth Private Assets

Barings LLC; Charlotte (NC); On-site; USD 140,000 - 190,000; Full time

Benefits offered by this job

Health benefits

401(k) with company match

Health Savings Account

Educational assistance

Job summary

Barings LLC in Charlotte seeks an Associate Director to lead Product Development for US Wealth Private Assets. You will oversee the lifecycle of private asset investment products, driving market research, strategy, and collaboration across Legal, Compliance, Sales, Operations and Investment teams.

You will draft proposals, term sheets, and investor materials, coordinate fund launches, and work with external providers to ensure successful product delivery within Barings’ governance framework.

Qualifications

• +5 years’ experience with practical and detailed knowledge of working with Private Asset US Wealth Funds including distribution, product structures and understanding of external positioning.
• Solid understanding and hands on experience with US 40 Act, BDC, US Private Funds range product strategy, development and management.
• Clear communicator.
• Highly organised, numerate with strong attention to detail and excellent project management skills.
• Advanced Excel skills.
• Preferred CFA or other equivalent qualification.

Responsibilities

• The Product Development – Specialists role is the internal representative of our Private Asset investment teams, responsible for developing, implementing and maintaining investment products, through their entire lifecycle.
• Coordinate on new product proposals and proactive market research.
• Support product strategy, development and ongoing management for Private / Alternative asset classes into the Wealth market.
• Collaborate with Client Portfolio Managers, Legal, Compliance, Sales, Operations, Investment, Finance and Risk teams and external providers.
• Draft investment product proposals, term sheets, and investor‑facing materials; assist with outputs on product development/innovation.
• Coordinate Private Assets into Wealth products, in partnership with stakeholders, and communicate with relevant teams.
• Lead product launches through Barings governance and socialise outcomes across stakeholders.

Skills

Private Asset US Wealth Funds

US 40 Act knowledge

BDC knowledge

Advanced Excel

CFA or equivalent

Strong communication

Project management

Tools

Microsoft Excel

Job description

At Barings, we are as invested in our associates as we are in our clients. We recognize those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients. We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.

Title: Product Development – US Wealth Private Assets, Associate Director Department: Product Management Location: Charlotte, US

Barings is a leading global financial services firm dedicated to meeting the evolving investment and capital needs of our clients and customers. Through active asset management and direct origination, we provide innovative solutions and access to differentiated opportunities across public and private capital markets. A subsidiary of MassMutual, Barings maintains a strong global presence with business and investment professionals located across North America, Europe and Asia Pacific.

The mission of the Product Management team is to promote the firm’s growth strategies by driving solutions and championing cross-business collaboration to optimize and deliver commercially viable products and initiatives.

This role sits within the Specialists Product Management team covering primarily US products for the Wealth market for Barings Private / Alternative / illiquid asset classes.

Primary Responsibilities

• The Product Development – Specialists role is the internal representative of our Private Asset investment teams, responsible for developing, implementing and maintaining investment products, through their entire lifecycle.
• The role encompasses proactive market research, analysis and coordinating on new product proposals.
• This role will primarily support Barings product strategy, development and ongoing management for Private / Alternative asset classes into the Wealth market.
• This role requires strong collaboration with Client Portfolio Managers, Legal, Compliance, Sales, Operations, Investment, Finance and Risk teams, as well as external counsel, fund administrators, service providers and investors to ensure coordination across all stakeholders.
• Key areas of focus include:Product Strategy Understand current market trends and activity across all private/alternative asset classes with a focus on the US Wealth market in order to support strategy for development and innovation of appropriate vehicles and investment products.
• Evaluate potential product concepts against client demand, investment fit, operational feasibility, regulatory requirements, economics and strategic priority.
• Stay up to date with current and key product structures as well as relevant regulations that impacts Private Assets into US Wealth products.
• Draft investment product proposals, term sheets, decision logs, and provide input on investor-facing support materials/ Assist with preparing outputs on product development/innovation which are presented to senior leaders in Sales, Client Portfolio Management, Investment Teams and others as necessary.
• Internally champion and coordinate Private Assets into Wealth products, in close partnership with key stakeholders, and communicate with relevant stakeholders.
• Product Development and Launch Project manage and socialise fund launches with all relevant stakeholders across Barings.
• Help design and structure products such as non-traded or perpetual BDCs, interval funds, tender-offer funds, private funds relying on Section 3(c)(7), feeder vehicles and separately managed account solutions, as applicable to the strategy and target channel.
• Help drive the structuring of new funds (or modifications), providing input on documentation and financial modelling of new and existing funds, as required.
• Bring market insight and be subject matter expert of fund commercial terms and mechanics (investor subscription, redemption, and other liquidity terms, etc.)
• Maintain technical expertise and understanding of evolving regulatory framework, proactively considering efficient responses to changing requirements.
• Shepherd all product launches through Barings governance process.

Qualifications and Experience

• +5 years’ experience with practical and detailed knowledge of working with Private Asset US Wealth Funds including distribution, product structures and understanding of external positioning.
• Solid understanding and hands on experience with US 40 Act, BDC, US Private Funds range product strategy, development and management.
• Clear communicator.
• Highly organised, numerate with strong attention to detail and excellent project management skills.
• Advanced Excel skills.
• Preferred CFA or other equivalent qualification. Knowledge and experience of European and/or APAC product solutions for the Wealth market #LI-ME1

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.

Benefits

• CORE BENEFITS & WELLNESS Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
• Fitness Center Reimbursement Program (Including Online Memberships)
• Employee Assistance Program (EAP)
• Fertility Benefits
• FINANCIAL WELL-BEING
• Highly competitive 401(k) Plan with Company Match
• Health Savings Account (HSA) with Company Contributions
• Flexible Spending Accounts (FSA) - Health Care & Dependent Care
• Retirement Health Reimbursement Account
• LIFE INSURANCE Basic and Supplemental Life Insurance
• Spouse and Child Life Insurance
• TIME OFF, DISABILITY AND LEAVE OF ABSENCE Paid Vacation, Sick Days and Annual Holidays
• Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
• Short and Long Term Disability Plans
• Paid Volunteer Time
• OTHER BENEFITS Education Assistance Program
• Charitable Matching Gifts Program
• Commuter Reimbursement Program
• Adoption and Surrogacy Reimbursement Program

Barings is a leading global asset management firm dedicated to meeting the evolving investment and capital needs of our clients. We build lasting partnerships that leverage our distinctive expertise across traditional and alternative asset classes to deliver innovative, institutional-quality solutions and service. Our team-driven culture is based on transparency, responsibility and putting our clients’ interests first. We listen to our clients to understand their needs, so that we can be a strategic advisor and long-term partner in meeting their unique investment goals. Risk management and protecting our investors’ capital over the long term is an essential component of our lasting partnerships. Barings is also committed to building long-term relationships with our associates and providing opportunities and support to help them succeed. With our expanding business and global footprint, Barings offers a wealth of opportunities for associates who share our culture, values and commitment to excellence in client service. As an organization, we believe that a diversity of perspectives and strengths is essential to meeting the evolving needs of our clients, and we are committed to attracting and retaining a talented workforce as diverse as the clients and communities that contribute to our success.