Investment Manager -Underwriting Analyst CLO’s (Alternative credit)

Acord (association For Cooperative Operations Research And Development)
Job Description:

Employer: DWS Group

Title: Alternative Credit Underwriting Analyst

Location: London

About DWS:

Today, markets face a whole new set of pressures – but also a whole lot of opportunity too. Opportunity to innovate differently. Opportunity to invest responsibly. And opportunity to make change.

Join us at DWS, and you can be part of an industry-leading firm with a global presence. You can lead ambitious opportunities and shape the future of investing. You can support our clients, local communities, and the environment.

We’re looking for creative thinkers and innovators to join us as the world continues to transform. As whole markets change, one thing remains clear; our people always work together to capture the opportunities of tomorrow. That’s why we are ‘Investors for a new now’.

As investors on behalf of our clients, it is our role to find investment solutions. Ensuring the best possible foundation for our clients’ financial future. And in return, we’ll give you the support and platform to develop new skills, make an impact and work alongside some of the industry’s greatest thought leaders. This is your chance to achieve your goals and lead an extraordinary career.

Team / division overview

EMEA Alternative Credit is a key growth pillar of the EUR 115bn DWS Alternatives franchise. The Alternative Credit platform aims to build diversified portfolios across Direct Lending, Leveraged Loans and Structured Credit that deliver attractive risk-adjusted returns with a focus on capital preservation to a broad spectrum of investors including governments, corporations, insurance companies and private clients.

Role Details

As an Alternative Credit Underwriting Analyst, you will be part of a central underwriting team covering all investment strategies across Direct Lending, CLO’s and Structured Credit, and be responsible for:

1. Conducting detailed financial analysis of cash flows, financial statements and ratios to assess the credit worthiness of potential borrowers
2. Evaluating credit risks across multiple factors such as industry trends, markets conditions and potential borrowers operating environment
3. Performing detailed due diligence on potential borrowers including the review of legal documentation, contracts and other relevant information impacting credit decisions
4. Developing and utilising complex financial models to simulate different scenarios, assess potential risks and project future performance of borrowers
5. Assisting in the preparation of credit memoranda and other documentation for Investment Committees, that provide accurate and concise underrating analysis and investment recommendations
6. Monitoring the performance of existing loan portfolios, identifying potential issues and recommending actions to manager and mitigate risks
7. Ensuring regulatory compliance by staying updated on relevant regulations and ensuring compliance with internal and external guidelines throughout the underwriting process

We are looking for:

1. A strong background in credit analysis to support the underwriting of Corporate Alternative Credit transactions covering Direct Lending, CLO’s and Structured Credit
2. Proven technical analysis skills, with experience of conducting due diligence and financial modelling of Corporate Credit investments
3. Solid experience across buy-side private loan investment management with knowledge of LP relations and management of portfolio companies
4. Contributing to the production of materials for RFP and marketing/fundraising activities
5. Experience of producing credit investment proposals and supporting documentation for Investment Committees
6. Experience of managing risk controls within an investments environment, with good understanding around the fiduciary duty of care
7. Educated to degree level in a Finance related discipline from an accredited college or university (or equivalent) or an acceptable level of industry experience

What we’ll offer you:

At DWS we’re serious about diversity, equity and creating an inclusive culture where colleagues can be themselves and it’s important to us that you enjoy coming to work – feeling healthy, happy and rewarded. At DWS, you’ll have access to a range of benefits which you can choose from to create a personalised plan unique to your lifestyle. Whether you’re interested in healthcare, company perks, or are thinking about your retirement plan, there’s something for everyone.

Some of our core benefits:

1. 30 days’ holiday + bank holidays, with the option to purchase additional days
2. A non-contributory pension scheme, up to 10%
3. Physical and Mental Health Well-Being benefits including (but not limited to) Private Medical Cover, a complimentary GP service and the support of Mental Health First Aiders
4. Family friendly benefits including generous parental leave packages (supporting all variations of family set-ups), to healthcare plans and travel insurance
5. The opportunity to support our CSR strategy which is focused on combatting climate change and achieving greater social justice. You can make donations to our partner organisations or take part in corporate volunteering opportunities in your local communities by providing on hand support.

DWS’ Hybrid Working model in the UK is designed to find the right balance between in-person collaboration and engagement in the office, which is core to our working culture, and working from home. Employees who wish to sign-up to our Hybrid Working model are required to work in the office two days a week, and given the flexibility to work from home for the remaining three.

If you require any adjustments or changes to be made to the interview process for any reason including, or related to a disability or long-term health condition, then please contact your recruiter and let them know what assistance you may need. Examples of adjustments include providing a change to the format of the interview, or providing assistance when at the DWS office. This will not affect your application and your recruitment team will discuss options with you.

Our commitment to equal employment opportunity

Our values define the working environment we strive to create – diverse, supportive and welcoming of different views. We embrace a culture reflecting a variety of perspectives, insights and backgrounds to drive innovation. We build talented and diverse teams to drive business results and encourage our people to develop to their full potential. Talk to us about flexible work arrangements and other initiatives we offer.