About PIC
Pension Insurance Corporation (“PIC”) provides secure retirement incomes through comprehensive risk management and excellence in asset and liability management, as well as exceptional customer service. Our purpose is to pay the pensions of our current and future policyholders. We achieve our purpose by setting Companywide strategic objectives and driving a healthy culture based on our PIC Values of Resilience, Adaptable, and Loyal.
Role Purpose
* This role sits within the Debt Origination Team, part of PIC Capital, PIC’s wider private asset origination business operating across various private markets.
* The Debt Origination Team contributes to the overall success of the business by sourcing, structuring, and investing in off-benchmark investment grade debt.
* This role will support the origination and execution of investment opportunities, with a focus on structured finance, including fund finance and asset backed securities (ABS).
* The role requires the ability to effectively collaborate with stakeholders across the business including Legal, Risk, Credit Research, Responsible Investing, and Finance.
Specific Accountabilities
* Responsible for sourcing, pricing, and structuring investment opportunities suitable for an insurance company to match long-dated liabilities, focusing on structured finance opportunities (including ABS), real estate, fund finance, and financials.
* Participate in PIC’s credit and investment committees to appropriately challenge, debate, and agree on existing and potential future assets.
* Collaborate with stakeholders across the business to ensure they are included in any new deal and that investments are well understood.
* Review and scrutinize all relevant due diligence documentation to ensure risks of the transaction are documented and understood.
* Take ownership for personal learning and development in both technical and non-technical skills of private debt origination.
* Stay informed of industry trends, market developments, and regulatory changes in the private debt space and structured finance sector.
Desirable Personal Attributes
* Intellectually curious with a willingness to learn through research.
* Strong problem-solving skills utilizing consultative questioning to challenge norms and drive change.
* Effective communicator – structures insights into clear messages and engages others.
* Innovative thinker – positive attitude towards change and willingness to embrace new ideas.
Knowledge
* Good technical knowledge of credit, pricing, structure, and ratings for Structured Finance debt.
* Knowledge and experience in investing in ABS will be an advantage.
* Detailed knowledge of modeling complex cashflows for assets including inflation, foreign currency assets, and derivatives.
* Familiarity with private debt markets.
* An understanding of the Solvency UK regulatory framework for insurers.
Skills
* Strong organizational skills.
* Strong communication skills.
* Ability to persuade and influence.
* Ability to organize work to meet deadlines.
* Ability to work within defined procedures.
* Commercial judgment.
* Good working knowledge of MS Excel, Bloomberg, MS PowerPoint, MS Word.
Experience
* CFA or similar professional qualification.
* Front office experience in an insurer, asset manager, pension fund, bank, law firm, or advisory firm on structured finance products.
* Experience presenting investment opportunities to relevant committees.
* Experience in reviewing loan/bond documentation for structured finance assets.
* Experience in managing external relationships such as banks, arrangers, lawyers, and borrowers.
In addition to a competitive base salary and the opportunity to participate in our annual performance-related bonus plan, upon joining us at Pension Insurance Corporation, you’ll gain access to great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme, and much more.
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