Infrastructure Credit Associate - Alternative Investments in Westminster

As an Associate within the Targeted Enhanced‐Yield Infra Debt Fund, you will play a pivotal role in the analysis execution, and subsequent investment monitoring of global infrastructure and energy private credit high‐yield investments. This includes independently constructing and analysing detailed financial models, preparing high‐quality investment materials, and contributing informed views during idea generation and investment screening. You will engage directly with investee companies throughout the investment and monitoring phases, support ESG initiatives, and help manage the data, analytics and reporting that underpin effective portfolio oversight.

You will be responsible for analysing investment opportunities in depth and producing clear, well‐reasoned proposals based on your findings. In addition, you will play a central role in workstreams that structure and negotiate transactions, undertake comprehensive financial, ESG and legal reviews, and manage investments – including preparing and presenting proposals to the fund's investment committee – with a strong emphasis on financial modelling and data‐driven insight. Working closely with senior management, you will contribute across all aspects of the fund's activities, supporting disciplined risk management and sustainable value creation. You will also play a key role in portfolio monitoring, investor reporting, and maintaining strong relationships with sponsors, advisors, counterparties and institutional clients.

To succeed in this role, you will:

• Construct and analyse detailed financial models associated with junior credit investments.
• Formulate investment materials such as Investment Committee and portfolio monitoring papers, quarterly reports and wider professional reports.
• Engage with investee companies, advisors, sponsors and banks throughout the investment lifecycle.
• Drive and contribute to ESG analysis and initiatives aligned with the fund's objectives.
• Be a voice in the team when ideas are shared and investments are screened.
• Manage fund data, investment monitoring and portfolio analytics.
• Conduct detailed quantitative, investment analysis and underwriting.
• Perform detailed cash flow modelling and cash extraction analysis to evaluate debt service capacity, downside scenarios, and overall investment resilience.
• Analyse due diligence materials and incorporate findings into the underwriting process.
• Post investment performance monitoring, management and reporting.
• Play an active role in fund raising and attend meetings with clients and investors.
• Collaborate with senior management on the development of new investment strategies and thematic priorities within the infrastructure and energy private credit space.

WHAT YOU'LL BRING

Our people are our greatest strength. Every individual contributes unique perspectives that make us stronger as a team and as an organisation. The following requirements represent the knowledge, skills, and abilities essential for success in this role:

• Professional background in buy‐side credit, financial modelling or accounting/transaction services.
• Strong knowledge of Infrastructure & Energy financing and investment, with a proven capacity to analyse complex private credit transactions.
• Experience of conducting valuations of infrastructure companies.
• Ability to work independently on things like NDAs, engagement letters etc.
• Experience producing clear, professional reports and presentations in English.
• Strong technical expertise in financial modelling, due diligence, valuation and credit.
• Demonstrated ability to manage private credit investments through different economic cycles, with proven insight into the implications for financial credit structures and portfolio resilience.
• Strong interpersonal capabilities, with the ability to build trust and credibility with senior management, peers, investors, and counterparties.
• Self‐motivated, results‐oriented, and committed to exceeding objectives and delivering long‐term value creation.

Education

A degree in Engineering, Business Administration, Economics, Mathematics, or related disciplines would be advantageous, provided they demonstrate a strong professional track record in infrastructure credit investment within an asset manager. Professional certifications such as CFA, CAIA, or equivalent will be considered highly desirable.

At Santander Asset Management, your contribution matters. We recognise the difference you make every day, and we make sure you feel valued, supported and rewarded in return. Here, recognition goes beyond pay. It’s about the pride you feel in your work, the impact you make for our clients, and the opportunities you have to grow and thrive – personally and professionally.

As well as a competitive salary, we offer a wide range of benefits that you can choose from and tailor to your needs:

• Eligible for a discretionary performance‐related annual bonus.
• Hybrid ways of working providing flexibility to work from home 2 days per week (on average).
• We put 15% of salary into your pension, even if you don’t contribute yourself.
• 30 days' holiday plus bank holidays.
• Company funded private medical and dental insurance for you and your family.
• Free access to a range of digital health services, including GP.
• Protection for you and your family, with company‐funded death‐in‐service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• 24/7 access to an online employee discount platform including retailers, entertainment, eating out, travel and more.
• Voluntary healthcare benefits at discounted rates.
• Global growth opportunities to shape your career, learn new skills and explore what’s possible across our international network.

OUR COMMITMENT

At Santander Asset Management, we’re proud to be an inclusive organisation that provides equal opportunities for everyone – regardless of age, gender, disability, civil status, race, religion or sexual orientation. We’re committed to creating a recruitment experience that’s accessible, fair and welcoming for all candidates. We want our people to thrive – at work and at home – while delivering the best outcomes for our customers and supporting each other to grow.