Job description
About Us
Wellington 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 Role
THE POSITION
As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit an Associate 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 firm’s 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 Associate (“Associate”) 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 addition, the Associate will work closely with internal deal teams and outside financing partners, such as banks, sponsors, advisors, and issuers to help originate and underwrite new assets and grow existing positions.
ESSENTIAL SKILLS
The following essential skills are required for the role:
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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. The Associate will be curious about private investing and demonstrate a strong desire to identify differentiated investment opportunities through a thorough research and due diligence process.
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Superior collaboration and influencing skills – The successful candidate will be a self-directed, hard-working team player, who contributes to the investment efforts of the Private Placement team. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally with colleagues across the Private Investing and Investment Research teams as well as externally with potential issuers and financing partners. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.
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Intellectual curiosity, capacity for differentiated thinking, and a growth mindset – The flexibility and openness to continue learning, evolving, and growing as an Associate is important. The Associate 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.
RESPONSIBILITIES
Responsibilities for this position will include the following:
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Performing due diligence on prospective issuers;
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Preparing underwriting analysis;
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Drafting investment memos;
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Assisting in documentation for and participating in investment committee discussions;
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Monitoring corporate and structured private debt investments;
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Attending company management meetings and relevant industry conferences;
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Assisting with quarterly and annual reporting needs;
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Assisting with outbound market research and credit rating analysis;
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Building and managing internal databases including investment pipelines and investment partners; and
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Completing complex analytical projects under tight time constraints.
OTHER QUALIFICATIONS
Additional qualifications and individual characteristics are likely to include:
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A minimum of 2-5 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;
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Strong academic credentials: an undergraduate degree in finance, economics or accounting is preferred;
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Ability to organize, manage, and prioritize time well;
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Ability to work independently and make decisions in the face of uncertainty;
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Strict attention to detail: a demonstrated analytical, problem-solving ability is required;
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Independence of thought, an entrepreneurial nature, and a global perspective;
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Sound judgment, strong work ethic and highest personal and professional integrity;
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Interest and ability to a build network in the private placement ecosystem including issuers, industry peers, and financing partners; and
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Willingness to travel.
Not sure you meet 100% of our qualifications? That’s 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
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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 80,000 - 180,000
This 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 Wellington’s 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)
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