Fidelity Investments Inc.
Vice President/Associate Director, Direct Lending (Originations, Underwriting &
Fidelity Investments Inc., Chicago, Illinois, United States, 60290
Job Description:
SummaryFidelity Investments
established a new Chicago-based lending team in 2021 to pursue private credit investing.
Our leveraged finance platform targets middle-market private equity backed businesses seeking financing for LBO’s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates looking to join a growing team , gain significant experience and responsibility quickly, and help leverage the Fidelity name in this growing market.The GroupThe High Income & Alternatives group has more than $100B in assets under management (AUM). The group’s AUM are invested “across the capital structure,” including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group’s investment process.The RoleBased in Chicago, this is an opportunity to join a
growing team for the newly formed middle market direct lending strategy of Fidelity’s High Income & Alternatives group. This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual will be responsible for supporting senior debt origination, underwriting and portfolio management capabilities within the broader direct lending group. This includes support of the firm’s effort to construct and lead high quality, diversified senior loan portfolios that exceed market risk-adjusted returns, and evaluation and execution of financing opportunities in a manner that balances strong credit disciplines with a positive customer relationship approach. Success in this role will require excellent work ethic, a self-starter mentality, and the ability to work independently, while also collaborating within a growing team.Successful Associate Directors
/ Directors
will be primary candidates for promotions as the team continues to grow.ResponsibilitiesThe Associate Director
/ Director
will lead and actively contribute to all aspects of origination, due diligence, and relationship/portfolio management. These responsibilities include, but are not limited to:Leading underwriting processes, which includes analyzing and summarizing all due diligence materials related to the credit quality of businesses, specifically the analysis of the company’s historical and present financial condition, products and/or services, sales and marketing strategies, customer and supplier base, industry dynamics, competitive position, management team, and financial projectionsActively communicate with investment bankers, company management and private equity sponsorsWorking with internal and external legal counsel regarding investment documentationBecoming a subject matter expert on key private credit strategies and an advocate for the firmMonitoring trends in the market and proposing solutions in responseResponsible for training and mentoring associates; potentially managing a team of associatesQualificationsWe are seeking candidates who have the following characteristics:Bachelor’s Degree in a relevant field required, advanced degree a plus8
-1
2
years of experience in leverage finance, preferably with a top tier alternative lending platformAdvanced financial modeling skills and comfort dealing with a variety of capital structuresLeadership skills and ability to think strategically and creativelyAbility to create compelling, thoughtful, and creative presentation materialsExcellent written and oral communication skillsCollaborative and proactive personalityStandardsThe following standards are considered to be fundamental to the way in which our company operates:ResponsibilityIntegrityCompassionExpertiseCertifications:
Company OverviewFidelity Investments is a privately held company with a mission
to strengthen the financial well-being of our clients.
We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.Join UsAt Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a
Glassdoor Employees’ Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.Fidelity’s hybrid working model
blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation,
detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.We invite you to
Find Your Fidelity
at
fidelitycareers.com .Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to
accommodations@fmr.com .
#J-18808-Ljbffr
SummaryFidelity Investments
established a new Chicago-based lending team in 2021 to pursue private credit investing.
Our leveraged finance platform targets middle-market private equity backed businesses seeking financing for LBO’s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates looking to join a growing team , gain significant experience and responsibility quickly, and help leverage the Fidelity name in this growing market.The GroupThe High Income & Alternatives group has more than $100B in assets under management (AUM). The group’s AUM are invested “across the capital structure,” including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group’s investment process.The RoleBased in Chicago, this is an opportunity to join a
growing team for the newly formed middle market direct lending strategy of Fidelity’s High Income & Alternatives group. This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual will be responsible for supporting senior debt origination, underwriting and portfolio management capabilities within the broader direct lending group. This includes support of the firm’s effort to construct and lead high quality, diversified senior loan portfolios that exceed market risk-adjusted returns, and evaluation and execution of financing opportunities in a manner that balances strong credit disciplines with a positive customer relationship approach. Success in this role will require excellent work ethic, a self-starter mentality, and the ability to work independently, while also collaborating within a growing team.Successful Associate Directors
/ Directors
will be primary candidates for promotions as the team continues to grow.ResponsibilitiesThe Associate Director
/ Director
will lead and actively contribute to all aspects of origination, due diligence, and relationship/portfolio management. These responsibilities include, but are not limited to:Leading underwriting processes, which includes analyzing and summarizing all due diligence materials related to the credit quality of businesses, specifically the analysis of the company’s historical and present financial condition, products and/or services, sales and marketing strategies, customer and supplier base, industry dynamics, competitive position, management team, and financial projectionsActively communicate with investment bankers, company management and private equity sponsorsWorking with internal and external legal counsel regarding investment documentationBecoming a subject matter expert on key private credit strategies and an advocate for the firmMonitoring trends in the market and proposing solutions in responseResponsible for training and mentoring associates; potentially managing a team of associatesQualificationsWe are seeking candidates who have the following characteristics:Bachelor’s Degree in a relevant field required, advanced degree a plus8
-1
2
years of experience in leverage finance, preferably with a top tier alternative lending platformAdvanced financial modeling skills and comfort dealing with a variety of capital structuresLeadership skills and ability to think strategically and creativelyAbility to create compelling, thoughtful, and creative presentation materialsExcellent written and oral communication skillsCollaborative and proactive personalityStandardsThe following standards are considered to be fundamental to the way in which our company operates:ResponsibilityIntegrityCompassionExpertiseCertifications:
Company OverviewFidelity Investments is a privately held company with a mission
to strengthen the financial well-being of our clients.
We help people invest and plan for their future. We assist companies and non-profit organizations in delivering benefits to their employees. And we provide institutions and independent advisors with investment and technology solutions to help invest their own clients’ money.Join UsAt Fidelity, you’ll find endless opportunities to build a meaningful career that positively impacts peoples’ lives, including yours. You can take advantage of flexible benefits that support you through every stage of your career, empowering you to thrive at work and at home. Honored with a
Glassdoor Employees’ Choice Award , we have been recognized by our employees as a top 10 Best Place to Work in 2024. And you don’t need a finance background to succeed at Fidelity—we offer a range of opportunities for learning so you can build the career you’ve always imagined.Fidelity’s hybrid working model
blends the best of both onsite and offsite work experiences. Working onsite is important for our business strategy and our culture. We also value the benefits that working offsite offers associates. Most hybrid roles require associates to work onsite all business days of every other week in a Fidelity office.At Fidelity, we value honesty, integrity, and the safety of our associates and customers within a heavily regulated industry . Certain roles may require candidates to go through a preliminary credit check during the screening process. Candidates who are presented with a Fidelity offer will need to go through a background investigation,
detailed in this document , and may be asked to provide additional documentation as requested. This investigation includes but is not limited to a criminal, civil litigations and regulatory review, employment, education, and credit review (role dependent). These investigations will account for 7 years or more of history, depending on the role. Where permitted by federal or state law, Fidelity will also conduct a pre-employment drug screen, which will review for the following substances: Amphetamines, THC (marijuana), cocaine, opiates, phencyclidine.We invite you to
Find Your Fidelity
at
fidelitycareers.com .Fidelity Investments is an equal opportunity employer. We believe that the most effective way to attract, develop and retain a diverse workforce is to build an enduring culture of inclusion and belonging.Fidelity will reasonably accommodate applicants with disabilities who need adjustments to participate in the application or interview process. To initiate a request for an accommodation, contact the HR Accommodation Team by sending an email to
accommodations@fmr.com .
#J-18808-Ljbffr