Associate Director, Private Fixed Income (Specialty Finance and Securitization) - SLC Management

Posted:
11/12/2024, 4:00:00 PM

Location(s):
Waterloo, Ontario, Canada ⋅ Ontario, Canada

Experience Level(s):
Expert or higher ⋅ Senior

Field(s):
Finance & Banking

SLC Management is a growing global asset management firm providing innovative and diversified investment solutions to institutional investors. We are breaking new ground with a full spectrum of solutions for a growing institutional client base of more than 1300 organizations. Our history of organic and strategic growth reflects this commitment with over CA$374/US$283 billion in assets under management (AUM). As a subsidiary of Sun Life, we are aligned with one of the world’s leading financial services companies, and benefit from the stability and strength of that relationship. 

We are a performance-driven organization with a deliberate focus on fostering a development-focused, inclusive culture revolving around our Core Values of being client obsessed, valuing each other, acting with speed and having an owner’s mindset.  As part of our team, you play a role in fulfilling our purpose and making a difference. We offer a rewarding work environment that is filled with opportunity for growth where you will be empowered to meet the challenges of a highly competitive landscape.

Visit our website to learn more and for the most up to date AUM information.

SLC Management offers a mix of in-office and virtual work where our employees are empowered to do their best. Generally, employees are expected to work three or more days in-office each week with flexibility depending on their business, client and team needs.

Job Description:

What’s In It For You:


As an Associate Director, Specialty Finance and Securitization (“SFS”), you will be part of a team that manages a privately structured portfolio of lease and loan receivables, both consumer and commercial, approaching $3.5 billion across 30 facilities.  Annual origination program funding is in excess of $1.5 billion.  The candidate will be responsible for the account management of some existing origination relationships and will support more senior staff on various other relationships and new business activities.  The role is multi-faceted entailing sourcing, negotiating, structuring, pricing and funding transactions, credit and business analysis (appropriate enhancement levels, suitability of credits, capability of servicer, analysis of financials, review of systems, backup servicer arrangement) and supporting ongoing performance monitoring. The candidate is expected to be inquisitive and eager to learn, highly detail oriented, have a team-first and can-do attitude, possess strong analytic capabilities, and have the ability to manage multiple tasks. 

What You Will Do:

  • Managing a segment of the SFS portfolio with direct originator contact by overseeing portfolio management activities including decisions pertaining to funding, structuring, credit review, legal documentation, consents, etc.

  • Support senior SFS staff with new origination opportunity reviews, analysis, modeling, structuring, legal documentation

  • Contribute to the governance of SFS's business activities, particularly with respect to monthly and quarterly performance and financial reporting requirements as well as participating in SFS’s governance and originator specific review and audit process

  • Develop value-added reporting including trends in portfolios, across portfolios and asset classes

  • Periodically lead initiatives in developing templates, portfolio analytics and best in class processes to support a growing portfolio

  • Take an active role in helping build SFS's market position via, inter alia, a presence at industry associations such as the Canadian Finance and Lease Association (CFLA), the Canadian Lenders Association (CLA), and Equipment Leasing and Finance Association (ELFA)

  • Work closely with internal teams including Portfolio Management, Administration and Portfolio Analytics to ensure that they have a good understanding of our transactions

  • From time to time, assist internal auditors, external auditors, OSFI or others in their review of our business

  • Collaborate with other Private Fixed Income teams to ensure that potential cross-sell opportunities are identified

  • Respond to a variety of problems and inquiries.

What You Will Need to Succeed:

  • Detailed knowledge of fundamental principles of debt and equity markets and instruments

  • Structured credit knowledge, including experience with public or private securitization structures

  • Applicable experience gained from prior responsibilities in corporate finance, investment banking, corporate lending, securities investing or private placements

  • Strong written and verbal communication skills

  • High attention to detail

  • Understanding of legal documentation

  • Comprehensive skills in interpreting and analyzing financial statements

  • Strong organizational abilities and ability to prioritize and manage multiple projects in a time sensitive manner

  • Ability to work both independently and collaboratively and eager to take on responsibility

  • Collaborative and collegial attitude

  • The position will involve periodic travel to originator locations across Canada and the U.S. as part of the regular review process, annual conferences

Preferred Skills:

  • 3-5 years of relevant experience

  • Bachelor’s degree in Finance, Accounting, Economics, Engineering, or Mathematics

  • CPA, MBA and/or CFA (or progress towards) considered an asset

  • Private securitization or structured credit background gained in a transaction, analytical or credit role

  • Work on a cross-functional basis with other teams at SLC Management

Why SLC Management?

  • Opportunity to work for a growing global institutional asset manager
  • Excellent benefits and wellness programs to support the three pillars of your well-being – mental, physical and financial – including generous vacation and sick time, market-leading maternity, parental and adoption leave top up program, a partially-paid sabbatical program and much more
  • Pension, stock and savings programs with an employer-paid match to help build and enhance your future financial security
  • A flexible work environment with a friendly, caring, collaborative and inclusive culture focused on career growth development #WeWinAsATeam
  • The opportunity to move along a variety of career paths with amazing networking potential
  • Award winning workplace culture - Great Place to Work® Certified in Canada and the U.S., “Best Places to Work” by Glassdoor, Award for Excellence for Mental Health at Work, “Best Places to Work in Money Management” by Pension & Investments

SLC Management is a regulated business, and this means that there are certain financial reporting and trading preclearance requirements for all employees. Successful candidates will be required to declare personal investment accounts and securities investments as well as seek preclearance on future transactions including those of household members.

Job Category:

Private Fixed Income Management

Salary Range

84,000/84 000 - 131,500/131 500

The Base Pay range is for the primary location of the job.  It may vary depending on the work location of the successful candidate or other factors.  In addition to Base Pay, eligible employees participate in various incentive plans, payment under which is discretionary and subject to individual and company performance.  Certain sales focused roles have sales incentive plans based on individual or group sales results.

We are committed to fostering a diverse, equitable and inclusive environment, where all employees feel valued, respected, and supported. We are dedicated to building a diverse workforce offering wide perspectives and creative ideas that benefit our clients, teams and the communities where we operate. Research shows that women and underrepresented groups tend to apply only if they meet 100% of the criteria. We encourage applications from qualified individuals from all backgrounds even if they don’t meet every criteria in the job description.

We will make reasonable accommodations to known physical or mental limitations. Persons with disabilities who need accommodation in the application process or those needing job postings in an alternative format may e-mail a request to [email protected].

We thank all applicants for showing an interest in this position. Only those selected for an interview will be contacted.