Investment Director

Licensed sponsor London Full-time Posted 2 hours ago

Investment Director

Place of Work: London

Contract Type: Permanent

When you join USS, the size and scale of our pension scheme means you will have numerous opportunities to learn and develop your career. Given our size you'll have real autonomy and influence as you collaborate closely with a wide-ranging team of experts.

Our office is a vibrant place to work, and we offer flexibility of office/homeworking due to our hybrid model.

About the role

In your role as Investment Director, you will make a meaningful and valued contribution from the outset. This role will provide a great opportunity to lead the origination, underwriting, execution and ongoing management of Private Credit & Alternative Income investments. The role combines principal investing, transaction leadership, portfolio ownership and team development across structured finance, asset-backed lending, securitisation and other bespoke private credit opportunities.

The successful candidate will originate differentiated investments, lead complex transactions, make formal recommendations to investment committees and protect value throughout the investment lifecycle.

What you will be doing

As a trusted part of the Private Markets team you will be responsible for:

Origination and Strategy

Develop and execute origination strategies aligned with PCAI priorities and USS portfolio objectives.
Source direct opportunities, partnerships, co-investments, funds and structured solutions through relationships with sponsors, banks, advisers, asset managers and corporates.
Identify attractive themes and build actionable origination roadmaps across private credit and alternative income markets.
Represent USS externally and strengthen its position as a sophisticated, reliable long-term capital partner.
Underwriting and Transaction Leadership.
Lead the full underwriting process, including commercial, financial, credit, legal, tax, operational and ESG diligence.
Form an independent investment view on risk, return, downside protection, relative value and portfolio fit.
Lead structuring and negotiations across economics, covenants, security, intercreditor arrangements, governance rights and documentation.
Coordinate between internal stakeholders and external advisers, ensuring disciplined execution against timelines and decision points.
Prepare and present formal investment recommendations to the Private Markets Investment Committee and other governance forums.

Portfolio and Asset Management

Maintain senior accountability for allocated investments from closing through repayment, refinancing, restructuring or exit.
Monitor performance against underwriting assumptions and ensure emerging risks, covenant issues and strategic opportunities are identified early.
Lead material waivers, amendments, extensions, refinancings and stressed or complex credit situations.
Present portfolio updates and action recommendations to Portfolio Review Committees and senior stakeholders.
Leadership and Team Contribution.
Provide line management, coaching and technical guidance to junior investment professionals.
Set high standards for analytical quality, judgement, accountability and communication across transaction teams.
Contribute to PCAI strategy, prioritisation, resource allocation and continuous improvement of investment processes.
Promote collaboration across PCAI, PMG and wider USS teams.

About you

We know that sometimes people can be put off applying for a job if they don't tick every box, if you're excited about working for us and have most of the skills or experience we're looking for, then please apply, regardless of whether you meet all the requirements outlined in this profile.

To be successful in the role you will have

Significant experience in structured finance, asset-backed lending, securitisation or a related principal-investing discipline.
Demonstrated track record leading complex transaction underwriting, structuring, documentation and execution.
Ability to lead negotiations independently and exercise sound judgement on credit, commercial and legal matters.
Strong origination network and evidence of developing opportunities through long-term market relationships.
Accountability for proactive asset management, including amendments, refinancings and downside situations.
Advanced financial modelling, valuation, downside analysis and recovery assessment skills.
Strong understanding of capital structures, security packages, covenants, intercreditor arrangements and lender protections.
Experience preparing and presenting investment recommendations to senior committees.
Ability to combine detailed bottom-up analysis with portfolio-level and strategic thinking.
Proven ability to manage and develop junior colleagues and lead multidisciplinary deal teams.

Why join us?

At USS, every individual contributes to building a secure financial future for our members and their families. We strive to create a work environment where everyone can thrive professionally while making a meaningful impact on the lives of others. We're also committed to helping you build your career by providing opportunities for development. We put a focus on recognising and supporting each individual's unique career path, driving this forward with the support of an engaged and proactive management team. Here at USS, we want you to thrive in and out of work with a friendly team, flexible culture and excellent range of benefits!

How we will reward you

Great starting salary
Generous annual leave package
Access to a high quality pension scheme provided through Universities Superannuation Scheme
Supportive people policies (including enhanced occupational sickness pay and family friendly pay)
Financial contributions towards your personal development to help you maintain your physical and mental wellbeing
Access to a range of health and wellbeing services i.e., private healthcare, discounted gym membership
Learning and development opportunities to develop your skills, knowledge and talent
Employee Volunteer Day’s to support the communities where you work and live
Cycle to Work Scheme

Our culture and values

Our people are what makes us different. We work together to create a diverse and inclusive culture that embraces individuality, where people are welcomed and feel comfortable in the knowledge that they can be themselves. Our purpose firmly states the importance of members, putting them ‘front and centre’ of what we do. This is embedded through our values:

Integrity
Collaboration
Excellence

About us

Universities Superannuation Scheme (USS) was established in 1974 as the principal pension scheme for universities and higher education institutions in the UK. We work with around 330 employers to help build a secure financial future for almost 599,000 members and their families. We are one of the largest pension schemes in the UK, with total assets of around £84 billion (at March 2026). To find out more, please visit https://www.uss.co.uk

The Private Markets Group (PMG) consists of a 70+ person team that oversees c. £26 billion in assets across a fast-growing and diverse portfolio of private equity, infrastructure, private credit and property investments on behalf of the Universities Superannuation Scheme (USS). By operating as a single team, with individual areas of specialism and expertise, PMG is able to combine its resources through a “OnePMG" approach to investing which allows us to maximise origination, due diligence, transaction execution and asset management by tailoring the right mix of skills.

Capable of deploying capital across the full range of private market investing (direct, joint ventures, partnerships, co-investments and funds), and with in-house asset management and strategy teams complementing our investment function, PMG has developed a strong track record of innovation that is frequently recognised by our peers across equity, credit and property and, as one of the UK’s pre-eminent private markets’ investors, PMG often partners with many of the largest, most respected global financial institutions.

PMG’s portfolio includes ownership of some of the UK’s largest and most recognisable private companies and, through its holdings, is an established presence in the UK renewables sector. We also hold governance positions through our investments in a range of companies located across the EU, North America and Australia with exposure across different industries and sectors.

Being part of the UK’s largest pension scheme and serving the needs of USS and its members, PMG takes its role as a responsible investor seriously and is committed to adopting and promoting strong ESG credentials across its investments.

USSIM is proud to be an equal opportunity employer. We strive to ensure our recruitment process is as flexible and inclusive as possible so we can attract diverse candidates and recruit the best talent. We want all candidates to perform at their best during the recruitment process, so if you need any reasonable adjustments or if there is anything we can do to help support you through your recruitment journey please let us know by contacting resourcing@uss.co.uk.