Alternative Credit Analyst

Rothesay is the UK’s largest pensions insurance specialist, purpose-built to protect pension schemes and their members’ pensions. With over £74 billion of assets under management, we secure the pensions of nearly one million people and pay out, on average, approximately £355 million in pension payments each month.

Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK’s best known companies to provide pension solutions, including British Airways, Cadbury’s, the Civil Aviation Authority, the Co-Operative Group, National Grid, NatWest, Morrisons and Telent.

 At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.

Deal evaluation

• →Conduct detailed credit analysis and underwriting of illiquid lending opportunities in US investment grade credit markets, including identification and assessment of risks and running scenario analyses. Transactions cover a diverse range of asset classes across Fund Finance, Structured Finance and illiquid high-quality IG corporate opportunities
• →Analyse loan structures and covenant packages
• →Propose appropriate debt pricing supported by relative value and other financial analysis, including creating and using bond pricing models
• →Build and run financial models to analyse investment opportunities, test assumptions and run sensitivities
• →Prepare detailed investment and credit committee papers which concisely present the opportunity, clearly identify and assess the risks of the deal and present appropriate loan and internal metrics for consideration
• →Participate in presentation of investment committee papers to committee of senior decision makers
• →Liaise with internal and external parties as required to complete the analysis on a potential deal and prepare investment and credit committee papers

Deal execution

• →Support the closing of debt transactions
• →Review due diligence reports and robustly challenge assumptions and conclusions to ensure that the due diligence process has been thoroughly completed and potential risks identified
• →Review and input into commercial aspects of the loan agreement and ensure that the loan document reflects commercially agreed position
• →Prepare and participate in presentation of final credit committee papers incorporating final risk assessment and significant findings of due diligence
• →Demonstrate strong commercial judgement and project management skills to assist in the management of internal parties involved in the loan execution process as well as 3rd party advisors and borrowers

Shortlisted candidates will be able to demonstrate large loan deal evaluation and execution experience in a top tier financial services firm, as evidenced by: 

• Two to six years’ experience in a deal evaluation, execution or credit underwriting role, preferably focussed on US Alternative Credit or Structured Finance markets
• Strong Education background: Bachelor’s degree (or higher) from a leading university in a relevant highly quantitative degree such as mathematics, economics, finance, or related scientific area
• Excellent financial modelling skills with ability to build advanced models
• Experience in conducting due diligence for deal execution
• Experienced user of core Office applications including Excel, experience with Bloomberg beneficial
• Investing in debt or hard assets with NPL / workout experience beneficial
• Strong prioritization, organization and time management skills
• Must be legally authorized to work in the United States. The company will not sponsor applicants for work visas for this position.
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Must be legally authorized to work in the United States. This position is not eligible for visa sponsorship

Disclaimer: This position description is intended to describe the duties most frequently performed by an individual in this position. It is not intended to be a complete list of duties. The role shall be performed within a professional office environment. Rothesay actively promotes diversity and inclusivity in accordance with and subject to all applicable laws. We know that our success depends on our people and that by nurturing a culture that values each individual and their differences, we create a stronger, more dynamic business. We welcome applications from all qualified candidates, regardless of race, color, religion, gender, gender identity or expression, sexual orientation, national origin, genetics, disability or age etc.