Senior Associate, Private Credit

Senior Associate - Direct Private Credit (DPC)

Location: London, UK (Hybrid)
Employment Type: Full-Time, Permanent

Advance your career in private credit with one of the world's leading pension funds.
Work on high impact real asset credit investments within a collaborative, ambitious team.
Flexible hybrid working to support your personal and professional priorities.

At Australian Super, our purpose is simple: to help members achieve their best financial position in retirement. With over £200bn in assets under management, we are one of the world's largest, fastest growing, and most progressive pension funds. Our London office sits at the heart of our global strategy, and we're looking for a talented Senior Associate - Direct Private Credit (DPC) to join our Mid Risk Group.

The DPC team invests in infrastructure and property debt, with a focus on subordinated and mezzanine capital solutions across the UK, Europe, and North America. As we continue to expand internationally, this role plays a key part in analysing, executing, and managing direct credit opportunities that support the long term growth of the Fund.

This is an exciting opportunity to join a high performing private credit team investing across real assets. You'll bring strong analytical capability and emerging commercial judgement to support end to end investment activity - from screening and due diligence through to ongoing asset and portfolio management.

You'll have the opportunity to:

• Assist in identifying, screening, and analysing new direct credit investment opportunities aligned to the DPC portfolio strategy.
• Support due diligence and credit assessment processes, contributing at all stages from initial discussions to final investment recommendation.
• Lead financial modelling for new transactions, including building, assessing, and maintaining valuation and credit models.
• Determine internal credit ratings and prepare high quality credit papers for investment committees.
• Review term sheets, legal documentation, and undertake comparative credit analysis.
• Conduct periodic reviews of loan portfolios, monitor performance, and contribute to ongoing asset management activities.
• Contribute to portfolio management through research on credit markets, new segments, and emerging opportunities.
• Support broader Mid Risk strategies through reporting, research, and stakeholder engagement.

You are an analytical thinker with a passion for real asset credit investing. You enjoy solving complex problems, collaborating with high performing colleagues, and contributing to a purpose driven investment strategy.

To succeed in this role, you'll bring:

• Analytical experience within a top tier investment manager, investment bank, management consultancy, or similar environment.
• Strong financial modelling capability and advanced Excel skills.
• Excellent analytical and research skills, with experience distilling complex information into clear insights.
• Experience working on transaction work streams and supporting deal execution.
• Asset or investment management experience, ideally across infrastructure or property sectors.
• High attention to detail and strong written communication skills.
• A collaborative mindset and an appreciation of broader team goals.
• Fluency in an additional European language (German, French, or Spanish).
• Strong tertiary qualifications (essential), with CFA/MBA viewed favourably.

We're committed to building an inclusive environment where diverse perspectives are valued and everyone can contribute meaningfully to our mission. You'll benefit from:

• A flexible hybrid work model tailored to support wellbeing and balance.
• Opportunities for professional development and growth within a global investment organisation.
• A chance to make a meaningful impact by supporting the long term financial futures of millions of members.

We warmly welcome applications from women and underrepresented groups - even if you don't meet every requirement.

We understand that work and life are interconnected. That's why we support flexible hybrid working arrangements to help you thrive in both.

If you're ready to grow your career, work with…