Direct Lending Investment Professional - Associate

Recruiter
BlackRock
Location
London, United Kingdom
Salary
Competitive
Posted
06 Aug 2022
Closes
10 Aug 2022
Ref
16244087
Job Function
Banking
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Description

About this role

Business Unit Overview

Alternatives/Credit

The Global Credit team offers an array of liquid and illiquid credit products designed to meet specific client risk and return profiles. European Middle Market Private Debt team are part of the European Fundamental Credit business, within Global Credit, and provide, on behalf of BlackRock's clients and funds, mid-market companies with senior and subordinated loans for acquisitions, capital growth, restructuring, LBO's and liquidity situations. The team seeks an experienced Credit Analyst to lead underwriting, fundamental credit analysis, due diligence and approval of new investments. The Global Credit team offers an array of liquid and illiquid credit products designed to meet specific client risk and return profiles.

European Private Debt team is part of the European Fundamental Credit business, within Global Credit, and provide, on behalf of BlackRock's clients and funds, mid-market companies with senior, Unitranche and subordinated loans for acquisitions, capital growth, restructuring, LBO's and liquidity situations. The team seeks an experienced Credit Analyst to lead underwriting, fundamental credit analysis, due diligence, documentation negotiation and approval of new investments.

Role description:

The Associate of Middle Market Private Debt credit research will be responsible for structuring and assessing direct lending investment opportunities across Europe. Partnering with the Origination team and the senior private debt research analyst, she/he will be responsible for the fundamental credit analysis of direct lending investments made on behalf of our clients and funds for mid-market corporates in the UK and Western Europe as well as cross border transactions alongside BlackRock's' North American direct lending teams. The European Private Debt team provide mid-market companies with senior and subordinated financing solutions for acquisitions, capital growth, restructuring, LBO's and liquidity situations. The platform spans senior, unitranche, subordinated, sustainable / impact, private high yield and recurring revenue credit products. He or she will lead an effective fundamental credit research analysis and lead the investment process in partnership with the Portfolio Managers and other analysts in the team. The role will entail the following:
  • Conduct independent fundamental credit analysis, due diligence and approval of new investments
  • Calibrate financing needs and structures for prospective borrowers
  • Financial modelling of investment opportunities
  • Interact with management teams, private equity sponsors, industry sources, and other investment professionals
  • Seek solutions to deal structures and issues within the boundaries of fund parameters in co-ordination with the originator, internal functions and external participants
  • Lead role in the investment evaluation process including attendance at management presentations, review of due diligence reports, and preparation of internal investment proposals in conjunction with originators
  • Presents Portfolio Managers and Investment Committee with a clear and consistent approach to mitigate credit, legal, industry, ESG and other relevant risks
  • Champion selected investment opportunities (in coordination with Origination) through the investment process until completion
  • Provides input on or leads negotiation of terms and conditions for transactions and works with originator and legal to ensure appropriate structuring / documentation
  • Negotiation and review of transaction legal documentation and liaising with internal and external legal advisers
  • Ongoing monitoring of portfolio assets including waivers & amendments, contributing to the quarterly fund valuation process and reporting to investors.
  • Involvement in providing portfolio reports and analytics for internal and external use
  • Adhere to investment process and operational standards
  • Help identify/ manage operational risks and improve processes as relevant


Skills, Experience and Education:
  • Excellent credit skills demonstrated through prior relevant (3-7 years) experience underwriting, structuring and executing direct lending/private debt and/or leveraged finance transactions
  • Ability to direct the structuring of a transaction, manage transaction process with internal and external parties and working with originators to complete investment opportunities
  • Strong financial modelling and legal documentation skills
  • Motivated team player and flexible in approach with ability to work independently
  • Must demonstrate integrity and alignment to BlackRock's principles and commitment as a trusted fiduciary to our clients.
  • Flexible, responsive with keen attention to detail.
  • Open-minded thought process and intellectual honesty with an ability to dynamically adapt to coverage of different products
  • Excellent written and verbal communication skills - presents ideas in a clear, concise and constructive manner
  • Sector expertise is an advantage (Healthcare, Software, Technology, etc.)


Our benefits

To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.

Our hybrid work pilot

BlackRock's current hybrid work pilot is designed to help you experience the best of both worlds: the opportunity to connect with colleagues in person and the flexibility to work remotely, with greater time to focus on what's important to you. In line with local health guidance and regulations, employees are generally expected to work 3 days in the office and 2 days from home (on average) each week. For some business groups, more time may be required in the office, while greater flexibility may be in place for others. Our "One BlackRock" culture means you'll be supported to collaborate with your new colleagues while bringing your full self to work - wherever you are.

The health, safety and well-being of our people will always be our top priorities; we will continue to monitor local conditions and health advisories in making decisions about our work environments.

About BlackRock

At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children's educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.

This mission would not be possible without our smartest investment - the one we make in our employees. It's why we're dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

For additional information on BlackRock, please visit careers.blackrock.com | www.blackrock.com/corporate | Instagram: @blackrock | Twitter: @blackrock | LinkedIn: www.linkedin.com/company/blackrock

BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, race, religion, sex, sexual orientation and other protected characteristics at law.

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