Senior Investment Manager, Private Credit - Private Markets, Asset Management

Senior Investment Manager, Private Credit - Private Markets, Asset Management

London, England, United Kingdom (Hybrid)

We have an incredible opportunity to join us here at Phoenix Group as a Senior Investment Manager to join the Private Credit team within Private Markets and Asset Management.

Job Type: Permanent

Location and flexible working: This role is based in our London office, with some flexibility to work between the office and home. We recognise the benefits of flexible working and will discuss what is important to you and balancing this with business requirements during the recruitment process.

Salary and benefits: £135,000 - £165,000 (subject to experience) + Asset Management bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more.

We want to be the best place that any of our 6,600 colleagues have ever worked. We’re Phoenix Group, a long‑term savings and retirement business. We offer a range of products across our market‑leading brands, Standard Life, Sun Life, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.

The Senior Investment Manager is to work as part of the Private Credit team within Private Markets. This role, reporting to the Head of Private Credit, has three areas of focus:

• Being a leader within the Private Markets team and the Asset Management business unit for originating, structuring & executing private debt investments across Corporates (including infrastructure), Financials, Fund Finance, Housing associations
• Being able to service the Shareholder requirements and support the Policyholder assets as a Subject Matter Expert (SME), primarily for high grade but also for high yield opportunities
• Guiding and mentoring more junior members of the Private Markets team

The successful candidate will be a key contributor to a team with wide ranging responsibilities across Private Markets contributing directly to achieving Phoenix’s key strategic objectives. The individual is to be recognised internally and externally as a Subject Matter Expert, and a leader on direct debt investments with far reaching impact across Asset Management. The Senior Investment Manager will report directly to the Head of Private Credit and be expected to collaborate across Private Markets and Asset Management to achieve team goals.

This role provides an opportunity for a driven individual to deploy within an excellent environment their investment skills and to assume a leading role within the team.

• Source, assess and execute new private credit investment opportunities through a variety of channels including banks, brokers, advisors, sponsors and borrowers
• Undertake credit analysis on new investment opportunities
• Generate additional yield on the group’s investment assets by using relative value analysis to identify investment opportunities that deliver material illiquidity premium
• Review and negotiate legal documentation, supported by internal and external counsels, to mitigate credit risks and enhance downside protections
• Be a prime contact for existing and future investee companies
• Contribute to and lead strategic projects to further expand the opportunity set of Private Markets
• Represent Phoenix Asset Management externally and be an SME in key internal forums
• Be a role model and a mentor for more junior team members

• Proven experience within an asset manager, an asset owner, an investment bank or an advisor
• Extensive experience in private credit and/or private placements, investment origination, credit underwriting and negotiation of legal terms
• Proven ability to manage deal execution from inception through to closing and monitoring
• Demonstrable investment track record
• Stakeholder management and collaborative working, including with senior management
• Experience of managing loan workouts
• Kn…