Associate Investment Director - Private Credit and Alternative

Position: Associate Investment Director - Private Credit and Alternative Income
Location: Greater London

Business Area:
Private Markets Place of Work:
London Contract Type:
Fixed Term Contract 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 Investment Director - Private Credit and Alternative Income you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to have responsibility for origination, underwriting, monitoring of Private Credit and Alternative Income (PCAI) investments.

The role will focus on transactions in the Matching Asset Strategy including core infrastructure; renewable energy; digital infrastructure and real estate-backed credit. The successful candidate will work alongside colleagues in the Investment and Asset Management Teams, as well as the Property team on select transactions.

What you will be doing

As a trusted part of the Private Markets team you will be responsible for:

Evaluating and identifying investment opportunities that are suitable for USS’s Private Credit mandate, and form investment recommendations to Private Markets Investment Committee.

Assisting Investment Directors/Transaction lead in managing end-to-end transaction processes. To include liaising with key internal stakeholders and managing external work streams such as legal, credit/commercial & financial due diligence and tax Due Diligence.

Identifying attractive investment thematics and build origination roadmap that led to successful execution of transactions that offer, among other things, long duration IG credit exposure to USS Developing key origination relationships with sponsors, GPs, intermediaries and corporates.

Assisting in asset management, managing the life cycle of the investments, delivering strategic objectives, leveraging advisors / servicers and presenting materials updates or recommendations to the Portfolio Review Committees.

Representing USS within industry including attendance and presenting at conferences and proactively promoting PMG’s investment strategy and team.

Proactively participating as a member of the management forum within PCAI, proactively participating in strategy, team prioritisation and thought leadership for operational improvements across the team.

About youWe 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:

Experience of private credit, of which 5+ years underwriting direct private credit transactions

Demonstrate an origination network, ideally within UK infrastructure /energy transition

Ability to lead transaction negotiations independently.

Demonstrated experience of accountability for underwriting and proactive asset management

Experience of managing an M&A/debt underwriting process

Extensive knowledge of the private equity/credit community

Excellent financial modelling skills, strong understanding of company valuation techniques and portfolio construction

Undergraduate degree in finance related subject from a top-tier university

Capable of both bottom-up investment analytics and top-down strategic thinking

Ability to deliver high quality work under constrained timelines

Competent at prioritisation, process organisation, and management of multiple work streams

Ability to influence & fulfil investment decisions

Enhance and further develop USS’ cultural objectives

Why join us?

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…