Infrastructure Originator

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £74 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £355 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury’s, the Civil Aviation Authority, the Co-Operative Group, National Grid, Nat West, Morrisons and Telent.

Rothesay Asset Management North America (“RAM-NA”) is headquartered in NYC and focuses on sourcing long-dated fixed income assets in North America. Since being established in 2018, it has originated over $12.5bn of high-quality investments for the UK balance sheet.

At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigor. Rothesay is a rewarding place to work, where quality people can thrive and prosper.

We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

In general, we are looking for a smart, commercial individual with an excellent academic record, strong quantitative and problem-solving abilities and a high degree of adaptability, with a genuine intellectual appetite to expand their existing skillset.

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Infrastructure Originator

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Head of Infrastructure RAM-NA

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New York, NY

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Permanent

• Contribute to the sourcing of infrastructure debt opportunities in North America by leveraging Rothesay’s and own relationship networks in the infrastructure market, including sponsors, advisors, banks, broker dealers, asset managers and consultants.
• Support such networks by promoting Rothesay’s profile in industry gatherings and conferences with relevant external counter parties and market participants
• Conduct detailed due diligence, credit analysis and underwriting of infrastructure lending opportunities including identification and assessment of risks, market underwriting and scenario analysis
• Promote a culture of collaboration among the different teams within Rothesay to foster robust relative value discussions to generate optimal risk-adjusted returns for the overall portfolio
• Contribute to the preparation of complex dynamic financial models to analyze investment opportunities, test assumptions and run sensitivities
• Analyze and contribute to the definition of debt structures and covenant packages appropriate for every transaction, with appropriate pricing supported by relative value analysis

• Manage all aspects of the execution of infrastructure transactions, including underwriting, due diligence, structuring, management of the investment committee process, legal documentation, and asset management
• Review and provide input to any commercial aspects of the transaction agreement. Work with counsel to ensure that the transaction documents reflect commercially agreed position
• Review due diligence materials and robustly challenge assumptions and conclusions to ensure that the due diligence process has been thoroughly completed and potential risks identified
• Coordinate the preparation and the presentation to the appropriate committee of detailed investment committee papers, which…