Associate Funds Finance

Role Description

Based in Luxembourg, as part of the Financial Institutions Group, Fund Finance (‘FF’) is responsible for the origination and execution of new lending transactions to European funds as well as the portfolio management of existing facilities. Our clients consist of unlisted private equity, debt, real estate, and infrastructure funds managed by leading financial sponsors and listed funds managed by large institutional asset management firms.

FF is a leading European funds finance team, operating from Luxembourg and London, which has experienced significant growth over the last five years. As a result, the Luxembourg team is now seeking to recruit an Associate is a newly created role. This is an exciting opportunity within Fund Finance where the successful candidate will have primary responsibilities for origination, execution and portfolio management.

Core Tasks & Material Responsibilities

Structuring

General duties relating to the origination of subscription finance and portfolio leverage (NAV-based) lending transactionsIdentifying funds finance transaction opportunities and conducting general market researchAttending client meetings and industry events, and preparing marketing/research materialsWorking with ING’s coverage, financial markets and other lending teams to coordinate an effective approach to client interactionReviewing and analysing fund documentation, structures and investment portfolios to consider lending opportunitiesCompletion and negotiation of term sheets, RfPs and other pitching documents

Credit

Structuring of subscription finance and portfolio leverage (NAV-based) lending transactionsPreparation of credit proposals for new and existing transactionsWorking with ING Risk to seek approval for transactions and to discuss new dealsReviewing and monitoring receipt of client reporting informationResponsibility for ensuring that limits and investor exposures are correctly booked in ING’s loan systems and reflected in other FF records on closing of new transactionsAd-hoc tasks relating to internal audits and requests for information/analysis from Management

Execution

Reviewing, negotiating and commenting on legal documentation for FF’s transactions, including loan agreements, intercreditors, ancillary documents and ISDAs/CSAsLiaising with both internal and external counsel to negotiate ING’s preferred policy and credit positions and obtaining appropriate legal sign-offs when requiredWorking with syndicate banks, both where ING is Agent or participantKeeping up to date with ING’s legal policy requirements and general market trends

Candidate Profile

Qualification/Education

Essential:

Fluent English and FrenchEducated to at least degree levelStrong credit skillsExcellent IT skills with proficiency in Microsoft Excel, PowerPoint and WordExtensive transaction execution experience within an international financial institution

Experience/Knowledge

Essential:

At least 2 years’ experience structuring funds finance transactions and a proven track record in executionRelationship management experience from a client-facing role in a funds finance teamExperience reviewing and commenting on loan documentation and term sheetsCredit skills and experience creating proposal from the ground upPersonable team player able to gain the confidence and trust of both colleagues and clients.Experience executing subscription finance transactionsKnowledge of FX hedging products for funds and experience with ISDAs and CSAs

Desirable:

Experience executing NAV financing transactions

Personal Competencies

Hard workingA commitment to high quality standards with a fine eye for detailAble to plan ahead and prioritise competing demands on timeAbility to work to deadlines with limited supervisionA high level of initiative and common senseAbility to communicate clearly, both on a verbal and written basisProblem solving skills

With over 1000 employees in the Grand Duchy and thanks to the combination of our local presence and the strength of a robust multinational like ING, we offer our personal and business customers a wide range of solutions through the channel of their choice. ING is a global bank with a strong European base. 53,000 employees serve around 38.4 million customers, corporate clients and financial institutions in over 40 countries. Operating in the Grand Duchy of Luxembourg since 1960 as a universal and accessible bank, our products include savings, payments, investments, loans and mortgages for retail and private banking customers, whom we sever serve online and through our network of branches.