Team Leader, Corporate Private Placements - Houston, United States - Corebridge Financial

Corebridge Financial

Verified Company

Houston, United States

3 weeks ago

Posted by:

Mark Lane

beBee recruiter

Description

Position Summary - Team Leader, Corporate Private Placements

Corebridge Investments' Private Credit Group ("PCG") invests on behalf of Corebridge's Life & Retirement companies and an external client.

PCG manages a portfolio total $27 billion across several classes, including Corporate Privates ("CP"), Infrastructure, Asset Backed Securities ("ABS"), and Leveraged Capital (high yield and mezzanine securities).

The investment grade investments are typically long-term, fixed rate debt securities issued by public or private companies outside of the public bond market, in a range of industries and geographies.

The below investment grade investments are typically short-term floating rate loans issued by private companies across a range of industries and geographies.

This role is a leadership position on the Corporate Privates team within the Private Credit Group of AIG Investments. The Corporate Privates team manages approximately $10 billion invested in ~200 investment grade quality credits across the globe.

Roles and Responsibilities of the Team Leader Position

Supervisory responsibility for a team of direct reports with varying levels of credit underwriting experience.
Portfolio management responsibility for half of the Corporate Privates portfolio (approximately 100 credits and $5 billion), which requires a highly experienced portfolio manager with a proven ability to evaluate and price credit risk and negotiate legal documentation across numerous structures, asset classes, industries, economic cycles, regulatory regimes, and geographies.
Demonstrate discipline in credit, structure and pricing and exercise sound judgment in guiding the Corporate Private Teams' proposals to PPG Credit Committee.
The Team Lead and his/her team will collaborate with other Private Credit asset classes, Workouts and throughout Corebridge and support a team approach in transaction management.
Capable of underwriting the most challenging credits offered in the traditional Private Placement market. He or she manages the entire deal process and portfolio with the objective providing appropriate levels of protection and return for the risk taken, in addition to meeting the dynamic needs of investors and making appropriate relative value decisions, all while following sound risk management and compliance protocols.
Coordinate and communicate with inhouse and external counsel to satisfactorily negotiate and document amendments and new transactions.
Ensure CP Team actively manages assigned portfolio investments through timely completion of credit monitoring, ratings updates, monthly pricing and review of financial statements and covenant compliance, amendment processing and secondary buy/sell decisions.
With supervisory, coaching and mentoring responsibilities, the individual will lead a team of analysts with an awareness of each member's career goals and organize individual assignments to challenge, develop and reward each team member.
Identify and encourage important contributions and leadership roles played by members at all levels of PCG and Corebridge.
Maintain relationships with issuers, placement agents, lawyers and debt advisors and other investors, as well as work with internal constituents, to close and fund transactions.
Ensure CP team actively provides credit expertise assistance to other Corebridge Investments businesses, for example, Commercial Mortgage Lending and Structured Corporates on sector and credit views.
Promote a culture of awareness and ownership of:
Corebridge policies and procedures
Ethical behaviors and practices
Risks in daytoday responsibilities
Regulatory requirements related to your business or function

Organizational Structure

This position reports to the Group Head of Corporate Privates within Corebridge Investments' Private Credit Group and will work closely with other CP team members, as well as external placement agents, lawyers, issuers and financial advisors.

15+ years of experience in debt capital markets, preferably 10+ in private placement market.
Fouryear degree from an accredited college or university is required; MBA, and/or CFA preferred.
Excellent credit analysis, oral and written communication skills.
Track record of successfully setting goals, leading deal teams and managing a value added private credit portfolio across cycles.
Proficiency in all aspects of the private placement transaction process.
Proven leadership qualities and accomplishments and personnel management skills.
Demonstrated high ethical standards, good judgment and flexibility in achieving goals.

We are an Equal Opportunity Employer

Corebridge Financial, Inc., its subsidiaries and affiliates are committed to be an Equal Opportunity Employer and its policies and procedures reflect this commitment.

We provide equal opportunity to all qualified individuals regardless of race, color, religion, age, gender, gender expression, national origin, veteran sta