Associate, Direct Lending (Originations, Underwriting \u0026 Portfolio Management) at Fidelity TalentSource LLC

Job Description:

Summary

Fidelity Investments\u00A0established\u00A0a new Chicago-based lending team\u00A0in 2021\u00A0to pursue private credit investing.\u00A0\u00A0Our leveraged finance platform targets middle-market private equity backed businesses\u00A0seeking\u00A0financing for LBO s, acquisitions, dividends and other investments. We are looking for investor-minded, entrepreneurial, and accomplished candidates\u00A0looking to join a growing team, gain\u00A0significant\u00A0experience\u00A0and\u00A0responsibility quickly, and help leverage the Fidelity name in this growing market.

The Group

The High Income & Alternatives group has more than $100B in assets under management (AUM).\u00A0 The group s AUM are invested \u201Cacross the capital structure,\u201D including in high yield bonds, leveraged loans, convertible bonds and equities. Fundamental research is the foundation of the group s investment process.\u00A0

The Role

Based in Chicago, this is an opportunity to join a team for the newly formed middle market direct lending strategy of Fidelity s High Income & Alternatives group.\u00A0 This is a new important strategy for Fidelity where you will be a key member of the investment team. This individual should have a strong desire to become a private debt and leveraged credit investment professional, an understanding of credit markets and experience financing companies based on cash flows as well as assets. 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.

Responsibilities

The Associate will be an active and contributing member in all aspects of origination, due diligence, and relationship/portfolio management. These responsibilities include, but are not limited to:

• Interfacing with investment bankers, company management and private equity sponsors
• Investment screening, including financial modeling and industry research
• Assisting on all levels of due diligence on potential investments
• Creating investment committee presentations
• Participating in legal documentation and supporting ongoing portfolio management reviews

Qualifications

We are seeking candidates who have the following characteristics:

• Bachelor s Degree in a relevant field required, advanced degree a plus
• 1-5 years of experience at a premier leverage lending firm, a top investment banking program, and/or a leading transaction advisory firm
• Advanced financial modeling skills and comfort dealing with a variety of capital structures
• Comfort participating in diligence meetings with senior management; portfolio companies, sponsors and other investment professionals
• Excellent written and oral communication skills
• Collaborative and proactive personality

Standards

The following standards are considered to be fundamental to the way in which our company operates:

• Responsibility
• Integrity
• Compassion
• Expertise

Certifications:

Company Overview

Fidelity 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 Us

At 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

, 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\u2014we offer a range of opportunities for learning so you can build the career you ve always imagined.

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,

, 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

.

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

.