Managing Director, Private Placements

This is a fully remote position, open to applicants in New York, +2 more states.

📋 Description

• Oversee the development of a private placement corporate credit portfolio.

• Execute private trades within the confines of established investment guidelines.

• Perform fundamental credit analysis, investment due diligence, deal structuring, and negotiation.

• Examine legal documentation and navigate the complexities of the 4(a)(2) private placement and capital markets.

• Identify and underwrite investment opportunities that align with RGA’s risk and return criteria.

• Utilize deal structuring skills and conduct ongoing portfolio surveillance.

• Support the management of a growing portfolio focused on private credit.

• Monitor market trends and develop relationships for deal origination, including secondary trading activities.

• Evaluate private securities against investment policies and portfolio objectives.

• Execute trades to meet income objectives while safeguarding against excessive principal loss.

• Analyze legal, structural, and covenant aspects of transactions.

• Negotiate with legal counsel to ensure thorough and accurate documentation.

• Collaborate with global portfolio management, credit analysts, and operations teams on deal analysis, allocation, reporting, and monitoring.

• Gather, distribute, and analyze financial statements and amendment requests.

• Submit necessary documentation to uphold credit ratings with the Securities Valuation Office or other regulatory bodies.

• Design and promote a credit culture within the department and the company.

• Mentor junior members of the credit and investment teams.

• Conduct fundamental relative value analysis at both the industry and issuer levels.

• Create clear and substantive written reports on credit decisions.

• Source and synthesize data from issuers, industries, earnings, rating agencies, and macroeconomic indicators.

• Formulate questions and lines of inquiry for rating agency analysts, management, and other stakeholders.

⛳️ Requirements

• Bachelor’s Degree in Economics, Finance, or a related field, or equivalent work experience.

• CFA Charter Holder.

• Over 10 years of investment-related experience.

• At least 3 years of experience in the institutional private placement market.

• Advanced understanding of capital structure, legal documentation for notes, and assessment of rating profiles.

• Proficient in Microsoft Word and Excel.

• Intermediate skills in Microsoft Access.

• Outstanding oral and written communication, presentation, and training abilities.

• Highly advanced knowledge of accounting and financial statement analysis.

• In-depth understanding of asset/liability management in an insurance context.

• Expert knowledge of fixed income markets, including corporate bonds, high yield, emerging markets, private placements, and project finance/infrastructure investments.

• Proficient in portfolio analysis and fixed income analytics.

• Highly advanced knowledge of investment management systems, including trade order management, fixed income analytics, and compliance.

• Expert skills in tools for portfolio and security-level analysis.

• Ability to make timely and effective decisions and deliver results through strategic planning and implementation/evaluation of programs and policies.

• Capable of liaising across operational, functional, and technical disciplines.

• Skilled in managing multiple tasks, projects, and/or sub-teams simultaneously while adapting to changing priorities.

• Expertise in translating business needs and challenges into viable, accepted solutions.

🏝️ Benefits

• Annual bonus plan.

• Eligibility for long-term equity incentive plans for certain positions.

• Health benefits.

• Retirement benefits.

• Additional employee benefits.

• A diverse and caring team of colleagues worldwide.

• A respectful and inclusive environment that encourages individuality and innovative thinking.

• Opportunities for career development.

• AI-supported personalized job recommendations, interview scheduling, and chatbot assistance during preliminary screening.