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Blenheim Chalcot // venture builders & invest funds
London W6 9DL, United Kingdom, London W6 9DL, United Kingdom    Posted: Monday, June 03, 2019
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BCI Finance

Structured Finance Modeller

The role:

BCI is a multi-asset investment management firm specialising in early stage digitally enabled businesses. BCI then runs a number of Credit Strategies focused on the Alternative Finance & Fintech markets. We have been running Credit Strategies since 2011, focusing on niches where we believe the firms unique position supports our ability to deliver market beating risk adjusted returns. Our main fund in the Credit Opportunities Fund, which Lends to Lending business. Our investors are High Net Worths & Family Offices (i.e. Direct Private money vs Institutional) who are engaged & seeking to more proactively access the credit markets. We are managing >200m of capital within Credit Strategies. The Equity Strategies team then manage a number of equity & co investment vehicles, through which investors can gain access to high-growth venture businesses in a structured manner.

We invest, initially, in smaller deal sizes within the Alternative Finance & Fintech markets with the aim of building long term relationships & rolling our capital into future refinancing deals as the lending businesses scale.

Being part of BCI will provide the individual with deal exposure to a wide range of innovative structures across Specialty Finance as well as some exposure to the Venture Building activities of Blenheim Chalcot. The individual will get exposure to a large volume of deals & the opportunity to build expertise in origination, execution & management of receivables backed debt

Purpose of the role:

We are currently seeking an individual with 2-3 years experience in Portfolio Management to join the BCI Credit Opportunities Fund investment team. The individual will be responsible for the on-going management of the existing portfolio. This will include monitoring; extensions; amendments; accordion top ups etc. Given the early stage nature of many of our borrowers this is an active role with high level of customer interaction. We would see this individual being an integral member of the investment team, where the distinction between origination & portfolio management is far closer than it may be in a Bank.

The Credit Opportunities Fund deploys debt structured & collateralised against the receivable books of innovative lending businesses in the UK & Ireland. BCI can hold either Senior or Mezzanine debt positions, therefore the individual will also be expected to work with the Senior debt providers, where appropriate (usually Banks or larger Credit Funds).

Successful candidates:

  • Demonstrable experience of managing a portfolio of complex credit positions, ideally with the specialty & alternative finance market
  • You will have proven analytical & business monitoring skills
  • You will be comfortable with both leading detailed discussions with clients & presenting your analytical work to Credit Committee & covering any challenges
  • You maintain a strong awareness of market & key risk issues, whilst striving for optimal commercial outcomes with clients
  • A strong team player used to working in a close knit department, ready for manager level responsibility & able to share knowledge & contribute ideas

Salary:Competitive & driven by prior experience

Location:London, with occasional UK & European travel

Roles, responsibilities & tools:

  • Ownership of the portfolio management process including:
    • Running & managing the end to end credit process for; annual renewals, refinances & amendments to existing transactions
    • Managing the on-going client relationship strategy for the portfolio, including holding at least monthly calls & quarterly meetings, & documenting client meetings with call reports
    • Lead discussions client performance & negotiate key terms of any required amendments
    • Lead day to day contact for clients & key contributor to deepening existing relationships
  • Leading the monitoring & treasury management process
    • Detailed review of all financial & collateral information provided on a monthly basis
    • Ownership of the Portfolio Monitoring Process across drawdowns & covenant compliance
    • Ownership of the Investment Risk Committee, which includes drafting a portfolio performance report & presenting to committee on a monthly basis
    • Ensuring timely receipt of all required information from the portfolio
    • Coordinate with treasury management & clients on drawdowns
  • Input into new lending decisions
    • Review, comment & provide part of the approval process for all new lending opportunities presented to Investment Committee
    • Review of transaction documentation & contribute to the ultimate transaction structure
    • Ability to apply current performance data to the assumptions used in the investment process & challenge where appropriate

Skills & experience:

  • 2-5 years relevant experience working in a bank (or similar) portfolio management team

Strong academic background, ideally with some numerate subjects. University results equivalent to a UK 2:1 or above or international equivalent

Key competencies:

  • Relationship Skills; ability to cultivate strong working relationship with the portfolio of clients, understand there needs & ensure BCI is best places as their funding requirements evolve
  • Performance analysis: Able to use data & conduct analysis to reach accurate conclusions around performance
  • Highly levels of diligence & integrity; ability to review complex performance data & legal documentations to ensure compliance
  • Risk Management: Able to make pragmatic decisions & reach sensible conclusions from the information presented, while identify key risks across the portfolio & market
  • Communication: Able to articulate complex concepts concisely & ask challenging questions to clients while maintaining a strong relationship
  • Collaboration: Able to quickly understand the needs of & integrate into a highly driven & professional working environment

Delivery: Able to maintain perspective of business goals at all times & manage others to meet business goals especially under pressure

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