Associate Director or Senior Manager | Direct Lending Portfolio Management | London, UK

Macquarie Group; London; Hybrid; GBP 60,000 - 100,000; Full time

Job description

Associate Director or Senior Manager | Direct Lending Portfolio Management

Macquarie Asset Management is looking to add to its growing Private Credit business by hiring a driven individual to join its Direct Lending Portfolio Management Team. Our Direct Lending strategy leverages Macquarie's extensive experience as a principal investor and private credit asset manager. This strategy aims to create a differentiated offering within this dynamic asset class, investing via European and US funds in middle market companies in defensive sectors with resilient markets and stable cash flows. At Macquarie, our advantage is bringing together diverse people and empowering them to succeed. We are a global financial services group operating in 34 markets and with 55 years of unbroken profitability. You'll be part of a friendly and supportive team where everyone - no matter what role - contributes ideas and drives outcomes.

What role will you play?

As a member of our team, you will directly support the Portfolio Managers in investing and managing direct lending portfolios for Macquarie Asset Management clients. You will take a lead role in the assessment of investment opportunities for the Macquarie Asset Management funds. This will involve engaging with the investment team, preparing investment memos, performing rigorous reviews of financial models, credit structures, and documentation, undertaking due diligence, and completing rating assessments and ESG assessments. You will work with team members to monitor and manage our investments with oversight from the Portfolio Managers, including assessment of regular borrower reporting, valuation analysis, waivers and amendments. Additionally, you will support portfolio considerations across investment vehicles, including review of portfolio construction, liquidity requirements, investment objectives, risk limits and return requirements, liaising with operational teams as required. You will manage and produce internal portfolio analysis, contribute commentary and data to internal and external reporting. Furthermore, you will support the Direct Lending fundraising strategy and implementation through working with the Portfolio Managers and Client Solutions Group. This will include assisting in preparing materials for fundraising and client management efforts. You will also maintain fluency in macro and micro trends influencing the direct lending origination and fundraising markets. Lastly, you will work with Enterprise teams to continually improve investment and business processes with a focus on digital solutions.

What you offer

• 8+ years of experience in an investment-oriented role in private credit or leveraged finance, preferably with a focus on structuring and/or analysing corporate debt risk fundamentals.
• Ability to review and work with financial models and extensive experience in the due diligence of mid-market direct lending borrowers, including assessment of legal, technical, and financial reports.
• Fluency in valuation analysis.
• Knowledge of portfolio management principles and experience in preparing portfolio level analysis for a credit portfolio.
• Proficiency in analytical discussions with a balanced, commercial approach to risk decisions.
• Self-starter with strong sense of ownership and accountability.

We love hearing from anyone inspired to build a better future with us; if you're excited about the role or working at Macquarie, we encourage you to apply.

About Macquarie Asset Management

Macquarie Asset Management is a global asset manager that aims to deliver positive impact. We're trusted by institutions, pension funds, governments, and individuals to manage billions in assets globally. We provide access to specialist investment expertise across a range of capabilities including fixed income, equities, multi-asset solutions, private credit, infrastructure, green investments, natural assets, real estate, and asset finance.

Benefits

• Hybrid and flexible working arrangements
• One wellbeing leave day per year and minimum 25 days of annual leave
• Primary carers are eligible for minimum 20 weeks paid leave and minimum 6 weeks for secondary carer
• Paid volunteer leave and donation matching
• Range of benefits to support your physical, psychological and financial wellbeing
• Employee Assistance Program, a robust behavioral health network with counseling and coaching services
• Recognition and service awards

Our commitment to diversity, equity and inclusion

We are committed to providing a working environment that embraces diversity, equity, and inclusion. We encourage people from all backgrounds to apply regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background. We welcome further discussions on how you can feel included and belong at Macquarie as you progress through our recruitment process. Our aim is to provide reasonable adjustments to individuals as required during the recruitment process and in the course of employment. If you require additional assistance, please let us know during the application process.

A career at Macquarie means you’ll have the opportunity to develop and utilise new skills, explore interesting fields and do challenging work that will impact the lives of people around the world—whether it’s accelerating the green energy transition, helping sustain global food supplies, financing social housing projects or investing in essential infrastructure. At Macquarie, we’re empowering people to innovate and invest for a better future.

Our size and international presence means your work can take you anywhere—across business groups, disciplines, sectors and borders. With employees and offices in 31 markets around the world, we’re a truly global organisation.

You’ll be supported by a diverse team where the unique perspectives, ideas and experiences that all of our people bring are valued. You’ll be empowered to address unmet needs in our communities whilst advising and investing alongside our clients and partners. Working with us, you’ll have the opportunity to make a difference.

Macquarie is a global financial group providing clients with asset management, retail and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising and principal investment.