Private Placement Analyst

Company: Wellington
Location: Boston
Posted on: January 27, 2023

Job Description:

About UsWellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.We are transitioning to a hybrid work environment where both remote work and the office play a critical role. Our vision is a future where all employees are empowered to work flexibly to drive the best outcomes for our clients. Flexible work is a mindset and a core value. Our employees are encouraged to work remotely two days a week as a standard practice and will have flexibility in terms of working hours.About the RoleTHE POSITIONAs part of the continued expansion of our Private Investing capabilities, we are seeking to recruit an Analyst to join our new Private Placements team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the privates team currently manages approximately $7 billion in assets across four growth equity and venture funds, and it is the fastest growing investment group within Wellington. Private Placements will be the firms initial product in private credit as we look to further expand the Private Investing platform. In addition, the build out of our Private Placements offering will be an important complement to our existing $150 billion insurance book of business at the firm.The Private Placements Analyst (Analyst) will be involved in all aspects of the deal process and will work directly with our senior investment team to assist in the origination, underwriting, monitoring, and analysis of globally sourced privately placed debt securities. In order to optimize deal flow, the Analyst will develop broad relationships with company management teams as well as outside financing partners such as banks, sponsors, and advisors. The ideal candidate will source, track, and evaluate potential investment opportunities, conduct in-depth due diligence of select deals, and develop investment recommendations. In addition, the Analyst will curate the deal flow from initial contact through the life of the private placement and will assist with investment, portfolio management, and strategic decision making. We expect this individual to leverage their insight and experience during the investment process, while working closely with others across our investment and legal teams. Furthermore, the Analyst will be a key member in our founding team, fundamental in helping develop junior talent, and will have a pathway for growth on the Private Placements platform.ESSENTIAL SKILLSThe following essential skills are required for the role:

• Analytical acumen, modeling, research, and passion The ideal candidate will have superior financial modeling skills and analytical capabilities and an eagerness to apply their expertise in support of the team. The ability to synthesize disparate information, identify the most important elements, and arrive at a conclusion is required. In addition, the Analyst will emphasize fundamental/thematic, research-oriented, bottom-up approach to underwriting private companies and the ability to implement those ideas through a highly analytical and detailed approach. The successful candidate would have exposure to portfolio management and follow-on financing as well.
• Superior collaboration and influencing skills The Analyst will be a self-directed, hard-working team player, who contributes to the investment efforts of the Private Placement team. The successful candidate will build strong relationships with company management teams, industry contacts, financing partners, clients and prospects, as well as internally with colleagues on the investment and legal teams. The ability to take risks and challenge investment views is critical, as is the humility to admit mistakes and a desire to learn from others. The Analyst must recognize the benefits of diverse perspectives. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.
• Intellectual curiosity, capacity for differentiated thinking, and a growth mindset The flexibility and openness to continue learning, evolving, and growing as an Analyst is important. The Analyst will have a global perspective and creative approach for analyzing private placement transactions. Success in this role will open progression opportunities within the Private Placements team and broader Wellington.OTHER QUALIFICATIONSAdditional qualifications and individual characteristics are likely to include:
  • A minimum of 7 years of relevant experience on the buy- or sell-side within private placements or credit research. An understanding of the US private placement market is preferred;
  • Strong academic credentials: an undergraduate degree in finance, economics or accounting is preferred;
  • Strong bottom-up fundamental approach to research;
  • Established network in the private placement ecosystem including issuers, industry peers, and financing partners;
  • Track record of developing, negotiating, and monitoring bespoke covenants;
  • Strong work ethic and attention to detail;
  • Ability to organize, manage, and prioritize time well;
  • Demonstrated ability to work independently and make decisions in the face of uncertainty;
  • Independence of thought, an entrepreneurial nature, and a global perspective;
  • Sound judgment, strong work ethic and highest personal and professional integrity; and
  • Willingness to travel.Not sure you meet 100% of our qualifications? Thats ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to r ace, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMCANINQ@wellington.com .At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:USD 100,000 - 225,000This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.Base salary is only one component of Wellingtons total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)Tracing our history to 1928, Wellington Management is one of the worlds largest independent investment management firms. With over USD 1 trillion in client assets under management as of 30 September 2022, we serve as a trusted adviser to clients in over 60 countries. Our innovative investment solutions are built on the strength of proprietary, independent research and span nearly all segments of the global capital markets, including equity, fixed income, multi-asset, and alternative strategies. As a private partnership whose sole business is investment management, our long-term views and interests are aligned with those of our clients. We are committed to attracting a talented and diverse workforce, and to fostering an open, collaborative culture of inclusivity because we believe multiple perspectives lead to more informed investment and business decisions. As an Equal Opportunity Employer, we welcome people with diverse life experiences, fresh ideas, and specialized subject-matter expertise.For more information, please visit https://www.wellington.com/en/ (https://www.wellington.com/en/about-us)

Keywords: Wellington, Boston , Private Placement Analyst, Professions , Boston, Massachusetts