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For Companies At a Glance
- Tasks: Manage private credit investments and collaborate with a dynamic team to drive asset management success.
- Company: Join USS, one of the UK's largest pension schemes, dedicated to securing financial futures.
- Benefits: Enjoy flexible working, generous leave, health perks, and personal development support.
- Why this job: Make a real impact while thriving in a vibrant, inclusive culture focused on growth.
- Qualifications: Experience in asset management and relationship management is essential; enthusiasm is key!
- Other info: We value diversity and encourage applicants from all backgrounds to apply.
The predicted salary is between 43200 - 72000 £ per year.
Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)
Join to apply for the Associate Asset Manager role at Universities Superannuation Scheme (Ltd)
When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career.
Given our size, you\’ll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.
Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.
About the role
In your role as Associate Asset Manager, you will make a meaningful and valued contribution from the outset.
This role will provide a great opportunity to support PCAI asset management activities across the private credit portfolio, with a focus on direct credit loans and portfolios.
Key responsibilities include onboarding, lifecycle event management, portfolio monitoring, relationship management, operational oversight, and helping to deliver strategic objectives.
You will also provide regular updates to internal committees and represent USS on our credit committees.
The role requires strong collaboration with the PCAI Asset Management and investment teams, PMG, internal USS stakeholders, and a range of external partners.
What you will be doing
As a trusted part of the Private Markets, you will:
- Lead asset management for allocated private credit investments, developing and delivering Asset Management Plans to maximise value
- Monitor asset performance, manage risks, ensure covenant compliance and oversee lifecycle events, negotiations, and amendments
- Define operating models, credit oversight requirements, and onboarding processes for new investments
- Manage relationships with borrowers, co-investors, advisors, and key stakeholders, ensuring USS objectives are met
- Oversee portfolio oversight processes, including macro risk reviews, ESG and governance compliance, and performance against investment cases
- Drive continuous improvement in asset management processes, governance, and reporting
- Mentor junior team members and contribute to asset management committee discussions
About you
We know that sometimes people can be put off applying for a job if they don\’t tick every box.
If you\’re excited about working for us and have most of the skills or experience we\’re looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.
To be successful in the role, you will have:
- Proven track record in asset management of private credit investments, including relationship management, credit analysis, risk management and portfolio oversight
- Experience working with deal teams on onboarding and lifecycle management of private credit investments
- Knowledge of asset management operating models and LMA standard or credit legal documents
- Skills in influencing senior stakeholders and implementing asset management policies and procedures
- Background in portfolio monitoring within GP, pension fund, bank, asset/fund manager, or relevant consultancy/advisory roles
- Experience in lending markets, infrastructure, renewables project finance or long-duration inflation-linked credit
At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others.
We\’re also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual\’s unique career path, driving this forward with the support of an engaged and proactive management team.
Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!
How we will reward you
- Generous annual leave package
- Access to a high quality pension scheme provided through Universities Superannuation Scheme
- Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
- Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
- Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
- Learning and development opportunities to develop your skills, knowledge and talent
- Employee Volunteer Days to support the communities where you work and live
- Cycle to Work Scheme
Our culture and values
Our people are what make us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves.
Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:
– Integrity
About us
Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK.
We work with around 330 employers to help build a secure financial future for more than 528,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £75.5bn (at 31 March 2023). To find out more, please visit https://www.uss.co.uk
The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £25 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities Superannuation Scheme (USS).
By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG\” approach to investing which allows us to maximise origination, due diligence, transaction execution and asset management by tailoring the right mix of skills.
Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed a strong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.
PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies including Heathrow Airport and Moto, and, through its holdings, is an established presence in the UK renewables sector. We also hold governance positions through our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.
Being part of USS Investment Management (USSIM), the in-house manager for the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strong ESG credentials across its investments.
USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk.
Seniority level
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Seniority level
Mid-Senior level
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Employment type
Full-time
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Job function
Finance and Manufacturing
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Associate Asset Manager employer: Universities Superannuation Scheme (Ltd)
Contact Detail:
Universities Superannuation Scheme (Ltd) Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Associate Asset Manager
✨Tip Number 1
Familiarise yourself with the private credit landscape. Understanding the current trends, key players, and regulatory environment will not only boost your confidence but also help you engage in meaningful conversations during interviews.
✨Tip Number 2
Network with professionals in the asset management field. Attend industry events, webinars, or local meetups to connect with people who work in similar roles. This can provide valuable insights and potentially lead to referrals.
✨Tip Number 3
Prepare to discuss your experience with relationship management and portfolio oversight. Be ready to share specific examples of how you've successfully managed stakeholder relationships and navigated challenges in previous roles.
✨Tip Number 4
Showcase your understanding of ESG and governance compliance. Given the increasing importance of these factors in investment decisions, being able to articulate your knowledge and experience in this area will set you apart from other candidates.
We think you need these skills to ace Associate Asset Manager
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in asset management, particularly in private credit investments. Use specific examples that demonstrate your skills in relationship management, credit analysis, and risk management.
Craft a Compelling Cover Letter: Write a cover letter that not only outlines your qualifications but also expresses your enthusiasm for the role at USS. Mention how your background aligns with their values of integrity, collaboration, and excellence.
Highlight Relevant Experience: In your application, emphasise any experience you have with onboarding and lifecycle management of private credit investments. Discuss your familiarity with asset management operating models and any relevant legal documents.
Showcase Soft Skills: Since the role involves collaboration with various stakeholders, make sure to highlight your communication and influencing skills. Provide examples of how you've successfully managed relationships in previous roles.
How to prepare for a job interview at Universities Superannuation Scheme (Ltd)
✨Understand the Role
Make sure you thoroughly understand the responsibilities of an Associate Asset Manager. Familiarise yourself with asset management activities, especially in private credit, and be ready to discuss how your experience aligns with these tasks.
✨Showcase Your Relationship Management Skills
Since relationship management is key in this role, prepare examples of how you've successfully managed relationships with stakeholders in previous positions. Highlight your ability to influence senior stakeholders and ensure USS objectives are met.
✨Demonstrate Your Analytical Skills
Be prepared to discuss your experience with credit analysis and risk management. Bring specific examples of how you've monitored asset performance and managed risks in past roles, as this will be crucial for the position.
✨Ask Insightful Questions
Prepare thoughtful questions about the company culture, team dynamics, and the specific challenges faced by the Private Markets Group. This shows your genuine interest in the role and helps you assess if it's the right fit for you.
