Illiquid Portfolio Associate

You will be joining the Outsourced Chief Investment Officer function within our Insurance Capital Solutions team, which is responsible for managing the investment portfolio of Macquarie’s asset intensive Bermudian reinsurer, InEvo Re.

As part of their mandate, the team oversees InEvo’s deployment into new investments; manages InEvo’s risk, liquidity and ALM strategy; partners with teams across Macquarie to establish new investment capabilities; and works with InEvo to negotiate investment guidelines and support on the pricing of new reinsurance transactions.

We are a global financial services group operating in 30 markets with 57 years of unbroken profitability. At Macquarie, you’re empowered to shape a career that is fulfilling and creates value. You will bring your insights and expertise to the task at hand and feel supported as you make your own kind of impact for a better future.

Joining as an Associate within the illiquid investments team, you will play a key role in facilitating InEvo’s deployment into private assets. 

You will review early-stage pipeline transactions and recommend which opportunities to progress; interact with investment teams and provide guidance on InEvo’s investment requirements to support origination; and screen new investment opportunities from our investment teams and third-party managers to assess portfolio fit, risk/return, guidelines compliance, ALM characteristics and liquidity impact. 

You will manage the investment process from end-to-end, liaising with internal and external stakeholders (such as Legal, Tax, Investment Operations, etc.) from screening through to investment approval, execution and settlement, and will prepare papers for OCIO transaction approval. 

Lastly, you will record closed deals in portfolio systems, including key metrics, ratings and final documentation, and share required information with InEvo’s investment team and the relevant cedants; maintain pipeline management information, including tracking each opportunity by stage and supporting deployment forecasts for fee projections and budgeting; and develop and maintain screening tools, templates and benchmarks, using AI and other automation where possible to reduce manual effort.

• 2+ years’ experience analysing private credit deals – including cash flows, structure, credit quality and relative value – and managing a live deal pipeline, with multiple opportunities at different stages 
• Exposure to insurance or reinsurance focused investment strategies or asset portfolios would be advantageous, as would familiarity with private placements, infrastructure debt, real asset debt, CLOs, rated notes or fund finance 
• Excellent written and verbal communication skills, strong stakeholder management skills and the ability to develop trusted relationships with key partners 
• Able to build and improve processes, turning ad hoc workflows into repeatable, documented and increasingly automated ones
• Highly analytical, organised, proactive, responsive, reliable and independent, with great attention to detail and sound judgement

We love hearing from anyone inspired to build a better future with us, if you're excited about the role or working at Macquarie we encourage you to apply. At Macquarie, you’re empowered to shape a career that’s rewarding in all the ways that matter most to you. Macquarie employees can access a wide range of benefits which, depending on eligibility criteria, include:

• 1 wellbeing leave day per year and a minimum of 25 days of annual leave.
• 26 weeks’ paid parental leave for primary caregivers along with 12 days of paid transition leave upon return to work and 6 weeks’ paid leave for secondary caregivers
• Paid fertility leave for those undergoing or supporting fertility treatment
• 2 days of paid volunteer leave and donation matching
• Access to a wide range of salary sacrificing options
• Benefits and initiatives to support your physical, mental and financial wellbeing including, comprehensive medical and life insurance cover
• Access to our Employee Assistance Program, a robust behavioural health network with counselling and coaching services
• Access to a wide range of learning and development opportunities, including reimbursement for professional membership or subscription
• Access to company funded emergency and backup dependent care services
• Recognition and service awards
• Hybrid and flexible working arrangements, dependent on role
• Reimbursement for work from home equipment

Macquarie Asset Management (MAM) is a leading global asset manager, trusted by institutions, individuals and communities to responsibly manage assets on their behalf. MAM provides clients with a diverse range of investment solutions that seek to deliver superior risk-adjusted returns. We are committed to providing an inclusive environment for all, where different experiences, skills and perspectives are valued and respected.

Macquarie provides access to opportunities for all individuals regardless of their identity, including age, disability, neurodiversity, gender (including gender identity or expression), sexual orientation, marriage or civil partnership, pregnancy, parental status, race (including ethnic or national origin), religion or belief, or socio-economic background.

We provide reasonable adjustments to individuals who may need support during the recruitment process and employment. If you require an adjustment, please let us know during the application process.