Associate, Private Credit

As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world If you're looking for challenging work, smart colleagues, and a global employer with a social conscience, come explore your potential at Invesco. Make a difference every day! Job Description We have an outstanding benefits package which includes:

• Company-provided healthcare
• A competitive annual leave allowance
• Flexible working options, including hybrid working arrangements
• Generous pension provisions
• Income protection
• Health and wellness benefits
• Volunteering days
• Enhanced parental leave
• Life insurance

Your role We are looking for our next Associate to join our Private Credit team based in London! Among your responsibilities will be:

• Review and prepare credit thesis for new senior secured loans and High Yield Bond (fixed and floating) investment opportunities
• Build up in-depth knowledge of 2-3 Industries and coverage of all senior secured loan and high yield bond opportunities within those sectors. Actively initiate idea generation within this universe
• Clear view on entry and exit yield for each existing and potential investment within opportunity set
• Credit proposal to include company and industry analysis, capital structure analysis, cash flow projections, evaluation of collateral adequacy, management, lead lender, sponsor quality and view on local restructuring regime
• Present investment recommendations to the investment committee
• Work towards gaining responsibility for 25-30 senior secure loan/ high yield bond investments
• On-going monitoring and review of existing transactions including historical financial analysis, cash flow modeling and projections, industry analysis and assessments and review of internal and external ratings
• Recommend buy/sell/hold decisions through identification of relative value opportunities
• Periodically participate in management meetings, plant tours and inspections
• Review senior secured loan and high yield bond documentation for new transactions and amendments working together with senior analysts and / or Team Leader
• Participate in in-depth discussions with Syndicate Desks, Sell side Analysts and Private Equity houses on primary and secondary investment opportunities
• Assist in the workout of distressed situations
• Build up a network of contacts within the peer group to help assess market sentiment on amendments and new deals
• Maintain existing electronic credit files, compliance reports, collateral positions, and updated exposure reports

You'll need to have:

• Experience as an analyst (full time position) ideally in Leveraged Finance related roles (sell-side, buy-side, rating agency, PE firm, consulting, corporate finance) is a plus
• Proficient user of Microsoft Office, Excel and Word
• Bachelors Degree or equivalent experience required
• More than one European language preferred
• CFA helpful
• Logical thinker with ability to “join the dots”
• Ability to distil key information from wide data set
• Aptitude for detail and a strong commitment to accuracy
• Excellent verbal and written communication skills and effective interpersonal skills
• Excellent quantitative and qualitative analysis and financial modelling skills
• Ability to work independently and follow through on projects
• Self-motivated, ability to multi-task and quickly complete tasks upon assignment

Full Time / Part Time Full time Worker Type Employee Job Exempt (Yes / No) No Workplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office If this sounds like you, we’d love to hear from you! We want all of our candidates to shine during the application and selection process, so if you need any adjustments to be made, please send an e-mail to [email protected]. Please include your name, the job you are interested in, and the type of adjustment you need (for example; breaks during your interview, remote interviews, additional time for assessments or other required adjustments) We promote a working environment that welcomes everyone and creates inclusive teams, celebrates difference and encourages everyone to be themselves at work Our commitment to the community and environmental, social and governance investing:
We partner with charitable organisations globally to make an impact in the communities where we live and work. Our people are encouraged to support the charities they feel most passionate about. We are also committed to environmental, social and governance (ESG) investing. We serve our clients in this space as a trusted partner both on specific responsible investment product strategies as well as part of our commitment to deliver a superior investment experience Recruitment Agencies:
Invesco has an in-house recruitment team, which focuses on sourcing great candidates directly. Invesco will not accept unsolicited resumes from agency or search firm recruiters. Fees will not be paid in the event a candidate submitted by a recruiter without an agreement in place is hired. When we do use agencies, we have a PSL in place, so please do not contact hiring managers directly Regulatory:
This position may fall in-scope of one or multiple regimes/directives.