VP or Managing Director, Structured Finance, Private & Structured Credit

PPM America • Chicago, IL

12h • $175,000 - $210,000

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. The VP or Managing Director, Structured Finance, Private & Structured Credit is a member of the Private & Structured Credit team. The Managing Director, Structured Finance has a broad knowledge of the structured finance industry with established relationships with market participants and is able to manage an investment from origination to closing and be a mentor for junior team members. The VP or Managing Director, Structured Finance has deep structured credit experience, strong leadership capabilities, and a proven track record of managing asset-backed securities (ABS) and generating deal flow. Asset classes include: consumer loans, credit cards, solar, timeshare, property assessed clean energy, equipment, single family rental, and esoteric asset classes.

Requirements

• Strong computer skills with advanced knowledge of Microsoft Excel required.
• Strong analytical skills.
• Excellent interpersonal skills.
• Ability to handle multiple assignments and work within deadlines.
• Bachelor's Degree , preferably in Finance, Accounting, Economics, Mathematics, or a related field, required.
• 8+ years of experience in the structured finance sector required.
• Experience with an established organization, preferably an institutional asset management buy-side firm, required.
• Motivated and self driven with a desire to lead deals and develop new relationships.
• Experienced with an established organization, preferably within an institutional asset management firm.
• 10+ years of experience in the structured finance sector required.

Nice To Haves

• Master's Degree preferred.
• Chartered Financial Analyst (CFA) preferred.

Responsibilities

• Reviews and evaluates investment proposals of private/144a and public asset-backed securities for purchase.
• Responsible for all aspects of deal execution, including sourcing, cash flow analysis, sponsor/manager analysis, investment recommendation and committee presentation, documentation, and pricing rationale.
• Performs on-site due diligence, meeting with issuer’s senior management team and reviewing operations.
• Monitors asset-backed portfolio, including ongoing review of asset performance, credit enhancement, and credit analysis of servicers to determine appropriateness of existing holdings in light of current deal status and market conditions.
• Formulates exit strategies and/or workouts as necessary.
• Tracks industry and asset-specific issues and maintains relationships with servicers, investment banks, and rating agencies.
• Mentors and works with junior members of the Structured Finance team.
• Performs other duties and/or projects as assigned.
• Maintains fulsome relationships with brokers, bankers, equity sponsors, and other deal origination sources.
• Partners with Risk, Compliance, Operations, and Technology teams to ensure robust investment processes.
• Leads, mentors, and develops junior members of Structured Finance on the Private & Structured Credit team.

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