Associate, Direct Lending (Originations, Underwriting & Portfolio Management)

Fidelity Investments • Chicago, IL

312d • $100,000 - $165,000 • Hybrid

About The Position

Fidelity Investments established a new Chicago-based lending team in 2021 to pursue private credit investing. Our leveraged finance platform targets middle-market private equity backed businesses seeking financing for LBO's, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates looking to join a growing team, gain significant experience and responsibility quickly, and help leverage the Fidelity name in this growing market. The High Income & Alternatives group has more than $100B in assets under management (AUM). The group's AUM are invested 'across the capital structure,' including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group's investment process. Based in Chicago, this is an opportunity to join a team for the newly formed middle market direct lending strategy of Fidelity's High Income & Alternatives group. This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual should have a strong desire to become a private debt and leveraged credit investment professional, an understanding of credit markets and experience financing companies based on cash flows as well as assets. Success in this role will require excellent work ethic, a self-starter mentality, and the ability to work independently, while also collaborating within a growing team.

Requirements

• Bachelor's Degree in a relevant field required, advanced degree a plus
• 1-5 years of experience at a premier leverage lending firm, a top investment banking program, and/or a leading transaction advisory firm
• Advanced financial modeling skills and comfort dealing with a variety of capital structures
• Comfort participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals
• Excellent written and oral communication skills
• Collaborative and proactive personality

Nice To Haves

• CPA and/or CFA preferred

Responsibilities

• Interfacing with investment bankers, company management and private equity sponsors
• Investment screening, including financial modeling and industry research
• Assisting on all levels of due diligence on potential investments
• Creating investment committee presentations
• Participating in legal documentation and supporting ongoing portfolio management reviews

Benefits

• Comprehensive health care coverage and emotional well-being support
• Market-leading retirement
• Generous paid time off and parental leave
• Charitable giving employee match program
• Educational assistance including student loan repayment, tuition reimbursement, and learning resources to develop your career

What This Job Offers

• Job Type: Full-time
• Career Level: Director
• Industry: Securities, Commodity Contracts, and Other Financial Investments and Related Activities
• Education Level: Bachelor's degree