Senior Portfolio Manager - Infrastructure Debt

This job is with Allianz Commercial, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. As AllianzGI continues to develop and grow its Infrastructure Debt investment management business, there is an opportunity to join the Infrastructure Debt team in London. The Senior Portfolio Manager will focus on the origination, analysis, negotiation, and execution of debt investments in continental Europe covering Core, ARC and High Yield Strategies. Furthermore, the successful candidate will participate in the fundraising efforts across the infrastructure platform. This role will be appointed at the Director level, commensurate with the candidate's experience.

The new joiner will work closely with the team in Munich, Paris, and New York, in a collaborative and exciting high-performance team environment. With more than €30 billion invested in more than 190 transactions, AllianzGI is the largest Infrastructure Debt asset manager in Europe. Investments are made in core assets (social infrastructure, transportation assets, regulated utilities, and renewable energy), corporate infrastructure (in sectors such as telecom, data centres, district heating, smart meters, transportation, energy transition) and high yield infrastructure. The team is investing in greenfield and brownfield assets and is also involved in the refinancing of operational assets and corporates.

The successful candidate will be an experienced and motivated individual who will exhibit the highest levels of competency, integrity, and teamwork in undertaking this role. The candidate will demonstrate access to sponsors, issuers, and advisors across the market.

What you do

• Origination, structuring, negotiation, and execution of new investments
• Identify, originate, and screen new investment opportunities
• Assess those opportunities and conduct the financial, legal, tax, insurance, commercial, technical, and environmental due diligence
• Undertake the risk and ESG assessment and conduct the internal rating of the transactions
• Manage and oversee the financial modelling of the investment opportunities
• Structure the investments and negotiate the term sheets and the finance documentation with the issuers and the sponsors
• Manage the assistance of junior members of the team, the credit memoranda and present the investment opportunities to the Infrastructure Debt Investment Committee
• Present the opportunities to current and potential investors and draft the support materials
• Conduct KYCs and CP checks and prepare the closing documents, including trade tickets and Solvency 2 valuation

Portfolio management

• Manage a smooth transition of closed transactions to the asset management team
• Assess jointly with the asset management team complex waiver and amendment requests

Fund raising and client management

• Assist in the preparation of marketing materials and attend prospective investor meetings
• Participate in the annual or semi-annual portfolio review meetings with existing investors

Credit and infrastructure market knowledge

• Keep informed of key developments in the infrastructure and credit markets with a particular focus on high yield infrastructure and ensure the dissemination of information to the wider team
• Update weekly the transaction pipeline
• Attend seminars and other trainings to supplement knowledge as required
• Attend and/or present at infrastructure conferences

Memberships/other key relationships

• Close working relationship with team members in Munich, Paris, and New York
• Liaise with a variety of administrative, mid-, and back-office personnel involved with the implementation of the investments
• Conduct meetings with investors, project sponsors, infrastructure equity funds, construction companies, and financial and legal advisers.

What you bring

• 13-15 years of work experience in infrastructure, project and/or structured finance, with experience in high yield
• Proactive, dynamic individual with strong interpersonal skills and team player
• Fluency in English and fluency in additional European language(s) would be beneficial
• Demonstrable infrastructure finance experience in the European market including experience originating, assessing, and negotiating infrastructure debt transactions and conducting due diligence
• Expertise in creating and reviewing Excel financial models for both corporate and project finance transactions
• Good working knowledge of debt markets across loans, bonds, and private placements
• Excellent verbal and written communication skills.
• Strong experience in writing in a very articulated manner detailed credit memoranda
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices.

What we offer

• Flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Access to company pension/savings plans
• Company share purchasing plan
• Mental health and wellbeing programs
• Career opportunities within the entire Allianz Group
• Comprehensive learning and development offerings, including certifications and professional qualifications
• Volunteering time ... and so much more!

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience. We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

If you feel inspired to promote the active asset management experience, this is the place for you. Join our international, technology-enabled, and agile environment. Simply upload your CV in English to apply for this position.