AVP or VP, Private Placements, Private & Structured Credit

Jackson • Chicago, IL

21h • $125,000 - $190,000

About The Position

Working at PPM America, Inc. PPM is a US-based institutional asset manager. Established in Chicago in 1990, PPM exists to consistently support institutional clients in achieving their long-term value goals. We take a hard work, straight talk, full transparency and humility approach to our work. Our success is supported by a team-based culture that encourages debate, collaboration and consistency. At the center of our belief is the fact that our best ideas to date have and can come from any team member anywhere in our firm. We believe the success of our investment culture is best demonstrated by the strong retention of our clients and investment professionals. PPM was again named one of the Best Places to Work in Money Management by Pensions & Investments in 2024. We attract professionals who exhibit humbleness, directness, and dedication. PPM’s values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community. We understand that community and purpose are just as important as the job description when finding your next career.
At PPM, our values are reinforced in our culture every day. We act like owners. Integrity guides all that we do, and we are committed to exercising sound judgment in every decision that impacts the company and serves our clients. We are passionate about investment performance and driving results. We are relentless in our efforts to provide best in class service. We strive to build strong and lasting relationships with our clients, seeking to gain trust in everything we do. We work collaboratively with transparency and accountability. We operate as a team. We rely on each other, are accountable to each other, and respect each other. We value differences and unique perspectives and embrace the principle that great ideas can come from anyone. We embrace change. We are not afraid to challenge the status quo in search of a better, smarter or faster solution. We value learning, challenge ourselves and motivate others. We are also committed to positively impacting our community. As a firm, we invest time, experience and fundraising efforts with our non-profit partners. At PPM, we offer volunteer opportunities to get involved with a network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.
The AVP or VP, Private Placements, Private & Structured Credit reports to the Managing Director, Private Placements and provides analytical support and is an integral part of managing the investment-grade private credit portfolio and new deal process.

Requirements

• Knowledge of credit markets and exposure to a broad range of industries required.
• Strong written, communication, and presentation skills, combined with a confident and polished business style.
• Ability to think on feet and ask questions.
• Strong proficiency in Microsoft Excel and/or Bloomberg, combined with strong financial and accounting skills.
• Ability to understand, analyze, and question financial statements.
• Must exhibit self-confidence, self-motivation, discipline, and the ability to assume responsibility for decisions.
• Bachelor's Degree , preferably in Finance, Accounting, Economics, Mathematics, or a related field required.
• 5+ years of investment-related/credit experience required.
• Fixed income or previous credit training preferred.
• Chartered Financial Analyst (CFA) , or progress toward preferred.
• Knowledge of credit markets and exposure to a broad range of industries.
• Ability to quickly identify key credit points in a private placement offering and propose resolutions / mitigants to potential issues.
• Strong technical and structuring skills.
• Technical skills include the ability to determine relative value across credit markets, model fixed income instruments, and evaluate various forms of investment offerings.
• Structuring skills include the ability to evaluate relative strength covenant packages, determine structural seniority across a corporate structure, read and evaluate note purchase agreements / inter-creditor documents.
• Ability to deal effectively with people in a variety of relationships and situations.
• Master's Degree of Business Administration (MBA) or progression towards preferred.
• 8+ years of investment-related / credit experience in a sophisticated environment required.

Responsibilities

• Coordinates the underwriting and closing process.
• Attends roadshow presentations.
• Coordinates the due diligence process with PPMA credit analysis team members, negotiating legal documentation and attending due diligence trips.
• Analyzes amendment requests from existing portfolio companies.
• Monitors portfolio companies and industries for change in credit quality and industry fundamentals.
• Actively involved in developing and maintaining relationships with bankers, sponsors, and other sources of deal flow.
• Assists senior Private Placement personnel on various projects and on-going administrative tasks.
• Performs other duties and/or projects as assigned.
• Evaluates new private placement opportunities to determine fit with PPM credit philosophy and portfolio needs. Specifically, this includes reviewing private placement offering memoranda, performing industry research, and reviewing terms and structure of transactions.
• Analyzes and negotiates amendment requests from existing portfolio companies.
• Makes presentations to senior management and other professional staff at PPM as required.
• Negotiates and executes private placement secondary trades.

Benefits

• Competitive salary and bonus
• Medical, dental and vision coverage
• 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
• Tuition and professional certification reimbursement
• Paid parental leave
• Adoption assistance
• Holidays and paid time off
• Paid time off to volunteer

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 101-250 employees