Structuring Lead

Barings•Boston, MA

4d•$110,000 - $180,000•Onsite

About The Position

The Structuring Lead role will lead and focus on the structuring, execution and operational design of financing structures for Barings Portfolio Finance. Borrowers are blue chip private markets managers and their portfolios of Private Equity, Credit, including Secondaries, Real Estate and Infrastructure investments. In the role the Structuring Lead will focus on all stages of transactions from the term sheet to initial structure negotiating the credit agreement/related legal documentation and through to execution, including ongoing portfolio management. The role will include (i) working with the Portfolio Management team to both challenge and provide structured solutions on the most robust and commercially viable financing solutions, (ii) legal negotiations, (iii) deal execution and (v) driving business critical strategic projects. Building relationships with a wide range of stakeholders across both Barings Portfolio Finance and the broader Barings organization will be key as the Structuring Leads guidance must synthesize critical solutions to help drive growth and deal execution internally as well as externally with legal counsel, clients, borrowers and other key stakeholders. The team is small, close-knit, and highly collaborative. The Structuring Lead will be a critical full-time member of the team. Team members are motivated by a shared goal to originate attractive investment opportunities for MassMutual’s GIA and third-party clients. The Structuring Lead will support all aspects of the Portfolio Finance platform, including working closely in tandem with portfolio managers, in addition to the broader Portfolio Finance team. An expert resource in understanding risk and designing bespoke structures which balance strong protections with financing solutions for private markets managers, the Structuring Lead is a core part of a dynamic team in Boston, Charlotte and London. Thinking through problems and being prepared to challenge, the individual will have a positive influence on the risk profile and structure of complex private credit transactions. With a collaborative mindset the Structuring Lead will be expected to wear many hats on the deal team and step in where needed as our team continues to grow and evolve. The individual will be expected to build and maintain trusted relationships cross functionally within Portfolio Finance and across the broader organization in order to continue to help grow the business. A proactive, self-led mentality will enable the Structuring Lead to identify and drive strategic projects and best practices in the team. The Structuring Lead will work with the team across the Boston and London offices and will continue the one team culture which pervades the way the team works and thinks.

Requirements

Strong industry knowledge (any combination of legal, leveraged finance, credit, structuring and/or restructuring/workout)
Strong credit investment experience
Underwriting/executing private credit / leveraged finance transactions
Modeling and real-time problem-solving skills
Ability to create situation-specific structures based upon the target collateral and negotiated financing structure
Ability to understand and optimize the roles of our various partners post-close to facilitate ongoing portfolio management excellence
Ability to identify the key structural, operational and credit risk factors present in a new credit facility and synthesize the most efficient and commercial mitigation of these factors
Ability to identify the risks associated with the borrowers’ respective businesses and in the lending structure in particular and be able to clearly articulate strategies to minimize and manage these risks both internally and with co-lenders/participants/clients.

Nice To Haves

Experience with complex structures (ABL secured lending, CFOs / Rated Feeders, PE Nav, Secondaries, GP Facilities and other specialized structures)
Experience with lending constructs used in the UK, Cayman Islands, Luxembourg, Jersey and Guernsey, Ireland and Scotland.

Responsibilities

Serve as a key driver on the deal team of private credit lending transactions, including the drafting, negotiation and execution of transaction documentation.
Work with Baring’s loan asset management team to document, structure and operationalize each structure.
Negotiate and document Barings expectations with borrowers.
Bring strong industry knowledge (any combination of legal, leveraged finance, credit, structuring and/or restructuring/workout) and connections to build relationships with Barings’ borrowers as well as to leverage their network within the private credit markets.
Demonstrate mastery of strong credit investment experience, underwriting/executing private credit / leveraged finance transactions, modeling and real-time problem-solving skills to serve as a critical resource helping the team to operationalize the investment goals of a given investment.
Create situation-specific structures based upon the target collateral and negotiated financing structure.
Understand and optimize the roles of our various partners post-close to facilitate ongoing portfolio management excellence, particularly as applied to complex structures (ABL secured lending, CFOs / Rated Feeders, PE Nav, Secondaries, GP Facilities and other specialized structures) and jurisdictions (including not only standard Delaware structures but also lending constructs used in the UK, Cayman Islands, Luxembourg, Jersey and Guernsey, Ireland and Scotland).
Identify the key structural, operational and credit risk factors present in a new credit facility and synthesize the most efficient and commercial mitigation of these factors.
Identify the risks associated with the borrowers’ respective businesses and in the lending structure in particular and be able to clearly articulate strategies to minimize and manage these risks both internally and with co-lenders/participants/clients.
Coordinate ongoing interactions with current and prospective managers/borrowers.

Benefits

Medical (including Virtual Care), Prescription, Dental, and Vision Coverage
Fitness Center Reimbursement Program (Including Online Memberships)
Employee Assistance Program (EAP)
Fertility Benefits
Highly competitive 401(k) Plan with Company Match
Health Savings Account (HSA) with Company Contributions
Flexible Spending Accounts (FSA) - Health Care & Dependent Care
Retirement Health Reimbursement Account
Basic and Supplemental Life Insurance
Spouse and Child Life Insurance
Paid Vacation, Sick Days and Annual Holidays
Paid Leave of Absences (Maternity Leave, Parental Leave, Caregiver Leave, Bereavement Time)
Short and Long Term Disability Plans
Paid Volunteer Time
Education Assistance Program
Charitable Matching Gifts Program
Commuter Reimbursement Program
Adoption and Surrogacy Reimbursement Program