Associate - Direct Lending

7 months ago


London, United Kingdom Investec Full time

Investec is a distinctive Specialist Bank serving clients principally in the UK and South Africa. Our culture gives us our edge: we work hard to find colleagues who'll think out of the ordinary and we put them in environments where they'll flourish. We combine a flat structure with a focus on internal mobility. If you can bring an entrepreneurial spirit and a desire to learn and collaborate to your work, this could be the boost your career deserves.
- Job Description

**What does the team do?**

Direct Lending provides financing to businesses (typically with EBITDA £3m-£75m) in the UK, Ireland and mainland Europe (specifically Benelux and DACH regions) for both financial sponsor and non
- financial sponsor backed owners. Finance provision is typically event driven and includes growth capital, acquisition finance & management buyouts, leveraged finance & syndicated debt, refinances & recapitalisations and structured corporate lending. Our core capabilities include originating, structuring and arranging capital for financial sponsors, entrepreneurs and owner-managers and, thereafter, portfolio and balance sheet management.
We have been supporting UK and European businesses for more than 15 years and currently have £2.0bn+ AuM across our balance sheet and discretionary funds supporting 115+ clients. In the last 12 months we deployed >£800m of assets across 500 transactions supporting our clients' growth ambitions.
We have a proactive, flexible and solutions-driven approach and seek to customise debt solutions that fit the client's needs. Structures are typically senior secured debt and unitranches, integrated asset-based & cash flow solutions, subordinated debt and minority equity, working capital and capex/acquisition facilities with the ability to provide underwrites and/or bridge structures where a client need exists. Target returns range from gross yields of 3.0% to 10.0%+. This provides our empowered investment professionals a wide platform to optimise origination efforts and to deliver financing certainty, rapidly, to clients all day, every day across the business lifecycle

**What will this role's primary focuses be?**

Responsible for the credit analysis, structuring and execution of lending opportunities and the portfolio management of assets post transaction

Providing full origination, structuring & execution and deal support across the deal life-cycle.

Performance and Development will reviewed via the team “Performance Lens” as follows:

- 1. Client, Connectivity & Collaboration
2. Financial Growth (short term)
3. Financial Performance (long term)
4. Internal effectiveness and risk consciousness
5. People and team contribution and impact

**The core focus is to be on the following:

- **
- Structuring & Execution - Ensuring excellence in credit analysis, due diligence assessment, financial modelling, deal structuring (including active balance sheet management / optimisation) and execution (including gaining credit approvals and legal documentation negotiation).
- Internal Effectiveness & Risk Consciousness - Actively contribute to the delivery of financial budgets and return hurdles including income, contribution, ROC / ROE and capital efficiency measures.
- Team Development - Challenging, harnessing and nurturing the talents of the G&LF team and assist in developing a strong and enjoyable working environment promoting teamwork, collaboration and personal development to maximise performance.

**What key relationships will this role have?**

External - Financial Sponsors & Corporate Management; Financial Intermediaries; Finance Partners; DD Providers; Law Firms.

**What technical knowledge/ skillset are we interested in?**
- Extensive knowledge of and credibility within the UK corporate market with strong external marketing / presentation skills. Deal origination skills are a fundamental requirement of this role and prior experience of corporate debt origination and execution is necessary.
- An existing client base with established management relationships.
- A high level of competence in the analysis of company financial statements, business / operational and financial risks for the purpose of assessing potential opportunities.
- Highly numerate with strong execution and structuring skills and a proven ability to execute and drive forward strategic plans to meet financial targets set against proven risk assessment, monitoring and control skills.
- A deep knowledge of Structured Finance and Investment Markets. The identification and structuring of appropriate financing solutions and the negotiation of legal documentation.
- In depth and demonstrable knowledge of all aspects of the internal Credit authorisation process / policy.
- Ensuring full compliance with internal Procedures / Compliance / Organisational policies and frameworks in order to maintain the teams licence to operate.

**What personal skills & attributes are we looking for?**
- A proven deal doer with a relentless hunger to ex



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