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Associate, Growth Lending

Employer
Wellington Management Company, LLP
Location
Boston, USA
Salary
Competitive
Closing date
Mar 8, 2024

View more

Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
About Us

Wellington Management offers comprehensive investment management capabilities that span nearly all segments of the global capital markets. Our investment solutions, tailored to the unique return and risk objectives of institutional clients in more than 60 countries, draw on a robust body of proprietary research and a collaborative culture that encourages independent thought and healthy debate. As a private partnership, we believe our ownership structure fosters a long-term view that aligns our perspectives with those of our clients.

About the Role

As part of the continued expansion of our Private Investing capabilities, we are seeking to recruit an Associate to join our new Growth Lending team. Wellington has been investing in private markets since 2003, and the Firm launched its first dedicated private capital fund in 2014. Today, the Private Investing Team manages approximately $8 billion in assets across four growth equity/venture funds and private placement debt separately managed accounts. It is the fastest growing investment group within Wellington. Growth Lending will be our second strategy in private credit, and this new fund will focus on lending to growth stage private companies across the healthcare and technology sectors.

The Growth Lending Associate ("Associate") will be involved in all aspects of the deal process, from initial contact through maturity, and will assist with investment and strategic decision making. The Associate will originate, underwrite, and monitor potential growth lending investments, conduct in-depth analysis on the business/financial merits of select deals, and develop investment recommendations. In addition, the Associate will work closely with the internal deal team as well as outside financing partners, such as banks, sponsors, advisors, venture capital counterparts, and issuers to help originate and underwrite new assets.

ESSENTIAL SKILLS
The following essential skills are required for the role:

• Analytical acumen, modeling, research, and passion -The ideal candidate will have superior financial modeling skills and analytical capabilities and an eagerness to apply their expertise in support of the team. The ability to synthesize disparate information, identify the most important elements, and arrive at a conclusion is required. The Associate will be curious about lending to private growth stage companies and demonstrate a strong desire to identify differentiated investment opportunities through a thorough research and due diligence process.

• Superior collaboration and influencing skills - The successful candidate will be a self-directed, hard-working team player, who contributes to the investment efforts of the Growth Lending team. The successful candidate will enjoy contributing to a highly collaborative investment environment and will build strong trusting relationships internally with colleagues across the Private Investing and Investment Research teams as well as externally with potential issuers and financing partners. The ability to communicate (both verbally and in writing) and contribute to an open investment dialogue is required.

• Intellectual curiosity, capacity for differentiated thinking, and a growth mindset - The flexibility and openness to continue learning, evolving, and growing as an Associate is important. The Associate will have a global perspective and creative approach for analyzing growth lending transactions. Success in this role will open progression opportunities within the Growth Lending team and broader Wellington.

RESPONSIBILITIES
Responsibilities for this position will include the following:
• Conducting due diligence on prospective issuers;
• Preparing underwriting analysis;
• Drafting investment memos and participating in investment committee discussions;
• Monitoring private debt investments;
• Attending company management meetings and relevant industry conferences;
• Assisting with quarterly and annual reporting needs;
• Assisting with outbound market research, company mapping, and credit rating analysis;
• Building and managing internal databases including investment pipelines and investment partners; and
• Completing complex analytical projects under tight time constraints.

OTHER QUALIFICATIONS
Additional qualifications and individual characteristics are likely to include:

• A minimum of 2-5 years of relevant experience on the buy- or sell-side within private credit or credit research, private equity, investment banking, or management consulting. An understanding of the venture capital/start-up ecosystem and/or the US growth lending market would be additive;
• Strong academic credentials: an undergraduate degree in finance, economics or accounting is preferred;
• Ability to organize, manage, and prioritize time well;
• Ability to work independently and make decisions in the face of uncertainty;
• Strict attention to detail: a demonstrated analytical, problem-solving ability is required;
• Independence of thought, an entrepreneurial nature, and a global perspective;
• Sound judgment, strong work ethic and highest personal and professional integrity;
• Interest and ability to a build network in the growth lending ecosystem including issuers, industry peers, venture capitalists and financing partners; and
• Willingness to travel.

Not sure you meet 100% of our qualifications? That's ok. If you believe that you could excel in this role, we encourage you to apply and welcome a chance to review your background. We are dedicated to building and maintaining a diversified workforce and considering a broad array of candidates with a variety of skill, workplace experiences, and backgrounds.

As an equal opportunity employer, Wellington Management ensures that all qualified applicants will receive equal consideration for employment without regard to race, color, sex, sexual orientation, gender identity, gender expression, religion, creed, national origin, age, ancestry, disability (physical or mental), medical condition, citizenship, marital status, pregnancy, veteran or military status, genetic information or any other characteristic protected by applicable law . If you are a candidate with a disability, or are assisting a candidate with a disability, and require an accommodation to apply for one of our jobs, please email us at GMWTalentOperations@wellington.com .

At Wellington Management, our approach to compensation is designed to help us attract, inspire and retain the best talent in our industry.We strive to pay employees fairly and competitively across all levels and roles. Our approach to compensation considers all aspects of total compensation; all employees are eligible to receive salary, variable compensation, and benefits. The base salary range for this position is:
USD 100,000 - 225,000
This range takes into account the wide range of factors that are considered when making compensation decisions, including but not limited to skill sets; role; skills and experience; certifications; and education. This range is an estimate, and further details on salary and total compensation aspects will be shared with candidates during the recruitment process.

Base salary is only one component of Wellington's total compensation approach. Other rewards may include a discretionary Corporate Bonus and/ or Incentives, if eligible. In addition, we offer a comprehensive and high value benefit package to meet the unique needs of our employees and their families, and we are committed to fostering a flexible work environment that enables employees to thrive personally and professionally. Examples of our benefits include retirement plan, health and wellbeing, dental, vision, and pharmacy coverage, health savings account, flexible spending accounts and commuter program, employee assistance program, life and disability insurance, adoption assistance, back-up childcare, tuition/CFA reimbursement and paid time off (leave of absence, paid holidays, volunteer, sick and vacation time)

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