Associate Asset Manager

Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)

Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career.

Given our size, you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.

About the role

In your role as Associate Asset Manager, you will make a meaningful and valued contribution from the outset.

This role will provide a great opportunity to support PCAI asset management activities across the private credit portfolio, with a focus on direct credit loans and portfolios.

Key responsibilities include onboarding, lifecycle event management, portfolio monitoring, relationship management, operational oversight, and helping to deliver strategic objectives.

You will also provide regular updates to internal committees and represent USS on our credit committees.

The role requires strong collaboration with the PCAI Asset Management and investment teams, PMG, internal USS stakeholders, and a range of external partners.

What you will be doing

As a trusted part of the Private Markets, you will:

• Lead asset management for allocated private credit investments, developing and delivering Asset Management Plans to maximise value
• Monitor asset performance, manage risks, ensure covenant compliance and oversee lifecycle events, negotiations, and amendments
• Define operating models, credit oversight requirements, and onboarding processes for new investments
• Manage relationships with borrowers, co-investors, advisors, and key stakeholders, ensuring USS objectives are met
• Oversee portfolio oversight processes, including macro risk reviews, ESG and governance compliance, and performance against investment cases
• Drive continuous improvement in asset management processes, governance, and reporting
• Mentor junior team members and contribute to asset management committee discussions

About you

We know that sometimes people can be put off applying for a job if they don't tick every box.

If you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role, you will have:

• Proven track record in asset management of private credit investments, including relationship management, credit analysis, risk management and portfolio oversight
• Experience working with deal teams on onboarding and lifecycle management of private credit investments
• Knowledge of asset management operating models and LMA standard or credit legal documents
• Skills in influencing senior stakeholders and implementing asset management policies and procedures
• Background in portfolio monitoring within GP, pension fund, bank, asset/fund manager, or relevant consultancy/advisory roles
• Experience in lending markets, infrastructure, renewables project finance or long-duration inflation-linked credit

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.

We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team.

Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

• Generous annual leave package
• Access to a high quality pension scheme provided through Universities Superannuation Scheme
• Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
• Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
• A…