About the job
Pension Insurance Corporation (PIC) is dedicated to ensuring secure retirement incomes through exceptional risk management and proficient asset and liability management, complemented by outstanding customer service. We are committed to fulfilling our mission to provide pensions for our current and future policyholders by establishing strategic objectives across the company and fostering a culture rooted in our core values: Resilience, Adaptability, and Loyalty.
We are seeking a Debt Origination Associate to join our PIC Capital department, which is part of our broader private asset origination business operating in multiple private markets.
The Debt Origination team plays a vital role in our business's success by sourcing, structuring, and investing in off-benchmark investment grade debt, with over £12 billion invested in the last decade across sectors such as structured finance, social housing, higher education, infrastructure, renewable energy, and various public sectors.
In this dynamic role, you will assist in the origination and execution of investment-grade private debt opportunities across diverse sectors, with a particular emphasis on Public Finance and Corporates.
Key Responsibilities of the Debt Origination Associate:
- Assist in sourcing, analyzing, pricing, and structuring investment-grade private debt opportunities across various sectors compatible with an insurance company's long-dated liabilities, focusing primarily on Public Finance and Corporates.
- Conduct comprehensive financial analysis and due diligence on potential investment opportunities under the guidance of senior team members. This involves initial deal screening, assessment of key risks and mitigation strategies, pricing and relative value analysis, financial performance review, and evaluation of commercial terms and legal documents.
- Prepare in-depth credit papers that incorporate the analysis and due diligence performed, outlining the investment rationale, and present these findings to Credit and Investment Committees with oversight from senior colleagues.
- Collaborate with internal stakeholders, including Credit Research, ALM, Market Solutions, Legal, Risk, Responsible Investing, and Finance Actuarial, ensuring their involvement in new deals and a comprehensive understanding of investments.
- Support the review and scrutiny of all pertinent due diligence documentation to ensure the transaction risks are well-documented and understood.
- Stay informed about industry trends, market developments, and regulatory changes in the private debt sector by attending industry seminars and sharing relevant articles.
- Collaborate with the broader Debt Origination function on live transactions.
