Analyst, Product Strategy & Development

Role Relationships

• Reporting to Head of Product Strategy & Development
• Portfolio Managers
• Business Development
• Investor Relations
• All groups across Central Functions (Finance, Operations, Compliance, Legal etc.)

Role Responsibilities

Pemberton Asset Management is a leading provider of private credit strategies. The Product Strategy & Development team structures and executes a wide range of structured finance and financing solutions backed by corporate credit. This includes CLOs, asset-backed and NAV financings, rated note feeders, collateralised fund obligations (CFOs) and GP-led continuation vehicles, each offering institutional clients efficient access to Pemberton investment strategies.

The team has a flat structure, so the analyst works directly with both Managing Directors from day one, as well as other members of the team. We invest heavily in the apprenticeship of this role so that the analyst can quickly run their own workstreams.

• Build and maintain the cash flow models various asset backed facilities across CLOs, warehouses, term financing, rated note feeders. Responsibilities include creating modelled returns and scenario analysis for investors, tranche sizing scenario and stress analysis
• Take live transactions from first structuring analysis through to closing, and then helps manage the product throughout its life
• Track the CLO and asset-backed market — deal terms, spreads, structures, what peers are issuing — and use this market intelligence to inform structuring decisions and new product ideas across Pemberton's platform
• Prepare investor materials: transaction overviews, pitch decks, fee and economics workups, and tailored responses for investor diligence and roadshows
• Work alongside counsel, rating agencies and the internal deal team as a transaction moves into documentation
• Build working knowledge of the regimes that shape these structures: AIFMD and the EU and UK Securitisation Regulations, and the insurance capital regimes relevant to investors
• Draft new product papers and investment committee memoranda for structured financing transactions and present them to Pemberton's oversight committees

Compliance and ESG Responsibilities

In performing regulated and unregulated activities for the firm the person 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.

Work Experience and Qualifications

• Outstanding quantitative first degree (or equivalent): mathematics, physics, chemistry, engineering, or a closely related discipline; or a Master's degree in quantitative economics or finance
• Prior structured finance experience is not required. What matters is analytical ability and appetite; securitisation, CLO mechanics and the applicable regulatory regimes are learnt on the desk
• Strong Excel skills for financial analysis and modelling. Familiarity with Python or VBA for working with large datasets is helpful but not a requirement, and will be developed on the job
• Internship experience, or up to approximately one year of full-time experience, in structured finance, leveraged finance, credit, investment banking or asset management

Key Qualities

• Curious and commercially minded, with an interest in how investor objectives translate into structuring solutions
• Confident, regular user of LLMs and other AI tools (e.g. ChatGPT, Copilot) to accelerate research, modelling and drafting, with the judgement to know when to rely on them and when not to
• Highly organised with strong time management skills: able to work independently and prioritise effectively in a fast-paced environment
• Wants to see work end to end from concept through financial modelling to investor presentations and legal documentation
• Strong communication skills, able to articulate complex concepts to both technical and non-technical audiences
• 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)

• Innovative
• Committed
• Client-Focused
• Collaborative
• Entrepreneurial
• High-Performing
• Respectful
• Supportive