Associate, Infracapital

At M&G our vision is: to become the best loved and most successful savings and investment business and we're looking for people who are excited about joining us on our journey. We're digitally transforming and investing heavily in technology and innovation to develop new and improved customer propositions that really raise the bar for our customers. To help us achieve our vision we're looking for exceptional people who live our values and behaviours and who can inspire others; embrace change; deliver results and keep it simple.

We know that an inclusive environment makes us more accessible and ensures we attract, engage, promote and retain exceptional people. We welcome applications from all individuals regardless of age, gender/gender identity, sexual orientation, ethnicity/nationality, disability, or military service and welcome those who have taken career breaks. We will consider flexible working arrangements or home working arrangements for any of our roles and also offer work place accommodations to ensure you have what you need to effectively deliver in your role.

What you can expect from us:
We are committed to creating an environment where you can be exceptional at all you do. To help us deliver this, we promise to:

• Challenge Your Limits by creating a stimulating working environment and providing opportunities for you to be involved in meaningful and challenging work
• Support Your Aspirations with a commitment to learning and development that helps you achieve and build your experience with people who want you to succeed
• Value Your Input whereby leaders and managers will involve you in key decisions, listen to your thoughts and recognise the important contribution you make
• Balance Your Life through a work life partnership that focuses on making this an inclusive, diverse and friendly place to work and offers the flexibility and support that enables everyone to be at their best

How do we support our employees:
All M&G plc employees will be supported in the workplace through our M&G Employee Assistance Programme (EAP). If you need counselling, confidential financial or legal advice. The service is available 24 hours a day, 365 days a year and offers access to qualified professionals who can provide specialist information, advice and support on many issues. It offers a broad range of services, including help with family issues, maintaining work/life balance and mental health support.

The Role:

Infracapital is M&G's infrastructure investing business, it invests in unlisted equity positions to create a diverse portfolio of high-quality infrastructure assets which offer stable cash flows and long-term capital value. The team has extensive investment and management experience across infrastructure sectors including utilities, transport, renewable energy, telecoms and social infrastructure. Infracapital has raised and managed over £6 billion across seven funds/strategies, these are; Infracapital Partners I, II & III, Infracapital Greenfield Partners I & II, Digital Infrastructure Investment Partners and Innisfree M&G PPP Fund. Based in the City of London, Infracapital has a team of over 50 professionals working across Transactions, Asset Management, Investor Relations and Finance under the leadership of its Founders: Martin Lennon (Head of Infracapital) and Ed Clarke.
The successful candidate will join as an associate and support the senior members of the Infracapital Brownfield Transactions Team in executing new transactions, managing existing investments, developing the investment pipeline and supporting fund-raising. Target investment areas include Utilities, Transport, Renewable Energy, Telecoms and other infrastructure.

Key Work Level Accountabilities:

Manager or Expert:

• For people managers, accountable for managing and motivating others to ensure quality of delivery to customers and stakeholders.
• For technical specialists, accountable for delivering expert advice or service, using specialist knowledge and subject matter expertise
• Applies judgement to deliver outcomes, evaluating a range of potential solutions, considering the impact for customers, cost and risk
• Manages conflicts that may impact delivery
• Challenges upwards given knowledge of delivery and awareness of complex systems and the broader picture
• Identifies and anticipates need for changes to continuously improve quality and efficiency of output
• Manages resources and risks using expert judgment, know-how and experience

Key Responsibilities for this role:

The new Associate will support the senior members of the Infracapital Brownfield Transactions Team in executing new transactions, managing existing investments, developing the investment pipeline and supporting fund-raising. Target investment areas include Utilities, Transport, Renewable Energy, Telecoms and other infrastructure. Specific responsibilities will include:

• Creation and/or review detailed financial models relating to potential investments or portfolio companies.
• Evaluate, structure and negotiate (as appropriate) investment opportunities.
• Supporting, and as appropriate working with our management teams, on the on-going asset management of portfolio companies.
• Make verbal and written presentation of proposed and existing investments to the team and Fund's Investment Committees.
• Liaise with key counterparties such as advisers, lenders and corporate representatives.
• Preparing reporting materials and assisting in the valuations of portfolio companies.
• Assist in marketing to partners, intermediaries and sponsors, in relation to specific transactions and also to ensure a constant pipeline of transactions.
• Monitor and develop an in depth understanding of our target sectors.
• Keep abreast of the European infrastructure marketplace for developments and new opportunities.
• To work collaboratively with colleagues and take personal accountability to maintain and enhance controls you are responsible for to support improvement of the overall control environment, customers outcomes and a reduction in M&G's operational risk.

Key Knowledge, Skills & Experience:

• Candidates will have a first-class education, be highly numerate and literate, and have a genuine motivation and drive to forge a career in the Investment Team at Infracapital.
• Candidates will have had experience in a transactional role with demonstrable experience of working on infrastructure related deals, potentially greenfield projects or operational businesses. This experience may have been gained at an investment fund, infrastructure sponsor, banking or an advisory role. 2 to 4 years of work experience is desirable
• Candidates will be commercially astute and have excellent analysis and valuation skills which will include appropriate financial modelling skills and will also be strong communicators with experience of presentations and report writing.
• Candidates should possess a strong and flexible work ethic plus the ability to be effective in working both independently and in teams.
• Ultimately candidates will be at home in a well-established and meritocratic culture of shared responsibility and success and will have a strong desire to grow and develop within one of the leading investors in the sector.
• Second European language skills would be desirable.

Work Level: Manager or Expert
Recruiter Name: Emily Northcott
Closing Date: 23rd September 2022

We live by four behaviours at M&G and we ask all our employees to:

• Inspire Others - Support and encourage each other, creating an environment where everyone can contribute and succeed
• Embrace Change - Be open to change, willing to be challenged and able to adapt quickly and imaginatively to new ideas
• Deliver Results - Focus on outcomes, set high standards and deliver with energy and determination
• Keep it Simple - Cut through complexity and bureaucracy, be clear and decisive and never overcomplicate things