pemberton - Associate, Product Strategy & Development
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Requirements
• As a Product Strategy & Development Associate, the skills and competencies you will need are: • 3+ years' experience in structured credit, CLO/ABS structuring, or capital solutions, or Investment Banking / M&A with a focus on cash flow and fee modelling. • Demonstrated proficiency in portfolio cash flow modelling (Excel, Intex, or similar) across multiple investment scenarios. • Strong analytical skills with experience modelling layered fee structures and quantifying their impact on net investor economics. • Proficient in preparing investor presentations and writing internal risk papers • Experience drafting term sheets, fee overviews, and technical marketing materials for institutional investors. • Bachelor’s degree in Finance, Economics, Mathematics, Engineering, Physics, Chemistry or related. • Focus on learning and developing knowledge regarding securitisation / structured finance / financing / rated transactions including different investment structures across a wide range of asset classes and investor requirements. • Learn and develop knowledge relating to key regulatory regimes for banking and insurance sector. • Ability to support seniors to successfully execute complex transactions across a wide variety of asset classes across multiple jurisdictions. • Curious and commercially minded, with the ability to understand investor objectives and translate them into practical structuring solutions. • Demonstrates end-to-end thinking: capable of taking an idea from concept through financial modelling, preparing clear and compelling investor presentations, and supporting the transition into legal documentation. • Strong communication skills, able to articulate complex concepts to both technical and non-technical audiences. • Highly organised with strong time management skills: able to work independently and prioritise effectively in a fast-paced environment. • Professional approach to handling confidential and sensitive information. • Collaborative and team-oriented, with a willingness to support colleagues during periods of high workload. • Culture (Supporting, Growing, Thriving): • At Pemberton, we foster a culture where people can support each other, grow together and thrive as a team. We are innovative and entrepreneurial, always seeking new ways to deliver value for our clients while maintaining a high-performing and client-focused mindset. Collaboration is at the heart of what we do, underpinned by a respectful and supportive environment that encourages open dialogue and shared success. Our commitment to excellence is matched by our dedication to helping every individual develop their skills and achieve their potential, ensuring that both our people and our business continue to flourish.
Responsibilities
• The Associate is responsible for structuring and executing a wide range of structured finance offerings (both private and public) including asset-backed financings, direct lending CLOs, securitized funds and leveraged continuation funds —offering institutional clients efficient, regulatory-optimized access to Pemberton Investment Strategies. The role incorporates advanced cash flow modeling of underlying portfolios and strategies, in-depth analysis of fee and cost economics, preparation of marketing and governance materials, participation in new product processes, and regular interaction with rating agencies and institutional investors. • CLO Structuring • Structure and model CLOs and asset-backed warehouse/term facilities, optimizing for tranche sizing, waterfalls, collateral rules, and credit risk • Model portfolio cash flows under various investment scenarios, integrating expected asset returns, loss/gain cases, prepayment assumptions, and stress analysis. • Drive deal execution with support from legal, compliance, and operations teams. • Lead data submissions and manage iterative feedback processes with rating agencies. • Asset Financing • Model leveraged funds and the use of various financing facilities to optimise return • Evaluate sensitivities based on loan covenants • Analyse fee and cost economics for each structure, including layered fees (fund/asset management, structuring, servicing, administrative), and their projected impact on investor returns and deal cash flows • Draft and iterate term sheets detailing economic terms, waterfall provisions, fee structures, and reporting mechanics. • Drive deal execution with support from legal, compliance, and operations teams • Credit Continuation Funds • Support analytics for Pemberton Continuation Funds including preparation of investor materials • Lead investor analytical workstreams • Fund Securitisation and Rated Feeder Structuring • Structure and model CFs, rated feeders and other securitised fund structures using CLO/securitisation experience • Investor Marketing & Communication • Prepare technical, data-driven marketing materials, including transaction overviews, fee and economics workups, illustrative cash flow outputs, pitch decks, and detailed investor Q&A. • Articulate investment structure, economic rationale, gross-to-net return expectations, and comparative benchmarking of costs and fees versus market alternatives. • Support sales/distribution with tailored materials for investor diligence and roadshows. • New Product Committee & Internal Governance • Present new bespoke products (notes, wrappers, other vehicles) at New Product Committees - detailing full economic structure, scenario/fee modelling outputs, and compliance review. • Buy-Side & Portfolio Advisory • Advise Pemberton portfolio teams and institutional clients on structure mechanics, cash flow drivers, expected net yields, and impact of cost frameworks on investor outcomes. • Prepare robust investment and risk memoranda—including net return drivers and downside/worst-case analytics—for internal committees and client reporting. • In performing regulated and unregulated activities for the firm the Associate, Product Strategy & Development, will follow the Individual Conduct rules: • Act with integrity. • Act with due care, skill and diligence. • Open and cooperative with the FCA, the PRA and other regulators. • Pay due regard to the interests of customers and treat them fairly. • Observe proper standards of market conduct. • Ensure all Investment Development activity takes into consideration ESG factors to maximise corporate sustainability and support the firm’s diversity and inclusion objectives. • Pemberton is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion or belief, sex, gender, gender identity or expression, sexual orientation, age, disability, national origin, ancestry, citizenship status, marital or civil partnership status, pregnancy or maternity, veteran or military status, genetic information, or any other characteristic protected by applicable law. We value diversity and are dedicated to creating an inclusive environment for all employees. • This policy applies to all terms and conditions of employment, including recruitment, hiring, placement, promotion, transfer, termination, compensation, benefits, training, and development. Pemberton is also committed to making reasonable adjustments to accommodate the needs of disabled employees and applicants. All employees, managers, and those involved in recruitment or employment decisions are required to comply with this policy. • If you need a reasonable accommodation to complete your application, please contact People and Performance at [email protected] • Depending on the position, you may be required to obtain certain regulatory licenses/certification if you are in a client facing role and/or if you are engaged in the following non exhaustive list: • Attending client meetings where you are discussing products and/or and client questions; and • Marketing funds to clients. • Note: Please speak with your Pemberton Recruiting contact with any questions.
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