M&G UK | Leveraged Finance Research – Associate Director

Key responsibilities for this role

• The role focuses on assessing leveraged finance and private credit investments, monitoring market developments and producing clear, accurate analysis to support informed investment decision-making.
• Enjoy 38 days annual leave (including bank holidays), with the opportunity to purchase up to five extra days.
• If you would like to participate in the initiative, you will have the opportunity to indicate this on your application.
• All candidates have the opportunity to request reasonable adjustments when applying.
• Evaluate new and existing leveraged loan and direct lending investments, considering financial performance, capital structures, and credit quality and risk.
• Research companies and sectors, review due-diligence materials and identify the information most relevant to an investment decision.
• Build and maintain financial models covering historical performance, forecasts, , sensitivities, liquidity, debt capacity, leverage and covenant headroom.
• Research, assess and present relevant ESG considerations.
• Prepare clear written investment submissions and present recommendations to the credit committee.
• Review legal documentation as part of the investment-analysis process.
• Present in credit committee meetings and respond constructively to challenge.
• Monitor a portfolio of existing investments and provide timely credit-event updates to fund managers.
• Analyse existing investments and make evidence-based purchase, hold or sell recommendations.
• Build trusted relationships with other credit analysts, fund managers, investment teams and other internal and external stakeholders.
• Work alongside, support and help train junior members on the team.
• Support continuous improvement initiatives that enhance research quality, efficiency and risk management.
• Ensure all activities are delivered in line with applicable policies, procedures and regulatory requirements.
• Collaborative approach, with the ability to work effectively across investment teams and other business areas.
• Attend company management meetings and presentations, preparing focused questions and evaluating the information provided.

Requirements

• Working closely with other senior analysts, fund managers, originators and stakeholders across the private and public market business, the role combines analytical expertise with sound judgement to deliver timely, reliable outputs.
• Deep knowledge of sponsor backed corporate credit and capital structures across multiple sectors and jurisdictions, including leveraged loans, high-yield bonds and private credit instruments.
• Proven track record to convert complex financial and qualitative information into concise, evidence-based recommendations.
• Strong understanding of credit agreements, bond indentures, covenant packages, security structures, intercreditor terms and restructuring or recovery mechanics.
• Strong stakeholder management skills and the ability to influence through expertise and insight.
• Excellent written and verbal communication skills, including experience presenting analysis and responding to challenge.
• Ability to work independently, use initiative and exercise sound judgement within established investment and control frameworks.
• Strong organisation and prioritisation skills, with the flexibility to respond to changing market conditions and investment requirements.
• Advanced skills in Excel, Bloomberg, AI and relevant corporate-credit research platforms.

M&G UK

M&G UK is an employer hiring in India (sector: BFSI / Investments / Insurance). In its own words: "Feel confident in your long-term financial future with M&G."

Its finance, accounts, audit and tax openings in India are mostly in London, Edinburgh, Stirling and Fenchurch Avenue.

• Industry: BFSI / Investments / Insurance