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Associate Director; Private Capital

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Date Posted: May 17, 2022

Location(s): London, GB London, GB

Company: MetLife

Associate Director

Private Capital: Corporate Private Placements, EMEA

London (Flexible, hybrid working on offer)

 

Would suit a Ratings Agency Credit Analyst looking to move to Buy-side

 

Winners of the “2021 Best Place to Work in Money Management" by Pensions & Investments. This, among the many reasons to secure a career at MetLife! We offer a superior working culture to develop professionally and personally in. Offering you a great work/life balance, you will learn from colleagues held in high regard throughout the sector.

 

 

Role Value Proposition:

MetLife Investment Management (“MIM”), the institutional asset management business of MetLife, Inc., is experiencing rapid growth in both assets under management and clients and we currently have the opportunity to add an Associate Director to our London-based corporate private placement team.

 

The primary function of the role is to assist with analysing and negotiating Corporate Private Placement debt investments sourced from banks, advisors and directly from existing and prospective issuers. Looking at corporate credits in depth across several industries, the candidate will benefit from an excellent environment in which to develop their fundamental credit skills.

 

This position would suit a highly motivated and analytical individual with 5+ years of experience gained in accountancy, investment management, banking or a rating agency environment.

 

Day to day responsibilities include working with senior members of the team to review and assess new corporate private debt investment opportunities (primarily investment grade but also some below investment grade), to analyse financial statements, to review issuers’ financial condition and business/industry trends, to conduct due diligence with issuers’ management and to research potential new issuers. Candidates would assume responsibility for monitoring and reviewing a portfolio of credits from the outset. The workload can be challenging; therefore, candidates need to be calm under pressure, demonstrate attention to detail, and able to manage multiple tasks simultaneously.

 

Key Responsibilities

  • Assisting with credit assessment of investment proposals, including review of research material and financial statements, and in-person or virtual meetings with issuers’ senior management.
  • Preparation of written materials, including financial analysis, for credit committee and assignment of internal ratings.
  • Review and negotiation of legal documentation in conjunction with internal and external counsel.
  • Assessment of pricing on offered transactions on a relative value basis.
  • Liaising with bankers and advisors to help facilitate deal flow.
  • Conduct due diligence meetings with issuer companies.
  • Ongoing credit review of existing investments, including attending follow-on meetings and presentations with issuers.
  • Work closely with the client portfolio management team to address credit questions and requests from investors relating to new investment proposals and the existing portfolio
  • Identifying opportunities for potential bilateral, direct investments and marketing to these companies.
  • Building effective internal working relationships and developing contacts with external market participants.
  • Facilitating and processing amendments, waivers and other requested documentation changes.

 

Essential Business Experience

Required:

  • 5+ years of related work experience.
  • Strong teamwork-driven attitude, but also ability to work well independently.
  • The presence to represent MetLife with senior finance staff of debt private placement issuers and an ability to develop strong commercial relationships with CFO’s and Treasurers of issuers.
  • Willingness to travel across Europe.

 

Essential Technical Skills:

Required:

  • Strong academic background, with a minimum 2:1 (or equivalent) from a leading university. CFA Charterholder preferred.
  • Very good written & oral communication skills.
  • Strong accounting and financial analysis skills.
  • Excellent organisational skills with the ability to prioritise tasks effectively and under tight working deadlines.

 

Preferred:

  • Proficiency in a main continental European language an advantage.

 

MetLife Investment Management

 

MetLife, Inc. (“MetLife”) has helped generations of people around the world protect their families and finances. We are one of the world’s leading financial services companies, providing insurance, annuities, employee benefits, and asset management to our individual and institutional customers.

 

MetLife Investment Management (“MIM”) is the institutional asset management business of MetLife and provides public fixed income, private capital, and real estate investment solutions to institutional investors worldwide. MIM had $665 billion of total assets under management as of 30 September 2021.

 

The Private Capital team within MIM manages $98 billion in Private Corporates and Infrastructure debt and is an industry leader in private debt with a 100+ year history of originating private debt. Our name and reputation are well known throughout the marketplace and borrowers look to us for customised lending solutions designed to meet their unique funding needs in a quick and efficient manner.

 

#LI-WRAPJOB

#LI-RP1

#MIM

 

MetLife will assist in the funding of Professional Fees for employees where it is relevant and aligned to your position within the organisation. MetLife reserve the right to make a judgement on whether the subscription is relevant or not to your role as well as cease the payment at any time. This type of subscription will not incur “benefit in kind” tax.

 

At MetLife, we’re leading the global transformation of an industry we’ve long defined. United in purpose, diverse in perspective, we’re dedicated to making a difference in the lives of our customers.

 

This role is subject to the Conduct rules under the Senior Manager and Certification Regime.

 

All Conduct staff are required to comply with the FCA’s Tier 1 Conduct Rules which are as follows:

Tier 1 – Individual Conduct Rules

  1. You must act with integrity
  2. You must act with due care, skill and diligence
  3. You must be open and cooperative with the FCA, the PRA and other regulators
  4. You must pay due regard to the interests of customers and treat them fairly
  5. You must observe proper standards of market conduct

 

 

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MetLife is proud to be an equal opportunity employer.  We are committed to attracting, retaining and maximizing the performance of a diverse and inclusive workforce.  It is the policy of MetLife to ensure equal employment opportunity without discrimination on any basis protected by law.

For immediate consideration, click the Apply Now button. You will be directed to complete an on-line profile. Upon completion, you will receive an automated confirmation email verifying you have successfully applied to the job.

Requisition #: 122808 

We welcome applications from candidates of all backgrounds, ethnicities, genders, religions and sexual orientations. 

We strive to find the best candidate for all positions and a diverse range of applicants ensures we widen our talent pool in order to achieve this. 

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