Structured Finance Professional

Working at PPM America, Inc.

PPM America, Inc. (PPM) is a client-focused investment manager, and our mission is to deliver client-specific solutions and world class service to investors in the pursuit of their unique investment objectives.  PPM prides itself on being a nimble, investment-led organization that is responsive to the opportunities that our teams discover together. Click here for a description of our assets under management and our investment strategies.

PPM was named one of the Best Places to Work in Money Management by Pensions & Investments in 2023. We attract professionals who exhibit humbleness, directness, and dedication. Our communication style is informal, and we encourage collaboration by giving our teams the freedom to speak openly and share new ideas. PPM’s values guide our internal conduct and help define the type of relationships we share with our investors, affiliates, and other valued partners. Above all, PPM is passionate about giving back to our clients, to each other, and to our community. We understand that community and purpose are just as important as the job description when finding your next career, and at PPM you would join a community of employees with a long track record of dedicating their time and support to local nonprofits with the effort of strengthening local families and increasing economic opportunities.

At PPM, we believe that diversity and inclusion are integral to the success of our growth and longevity. PPM is committed to a culture of respect and believe that inclusion is the key to this culture, enabling our ability to innovate, execute, and grow for the benefit of our associates, clients, shareholders, and the communities where we live.

Structured Finance Credit Team Description

The Structured Finance Credit team is comprised of intellectually curious, collaborative professionals who formulate investment ideas for inclusion in PPM’s wide range of debt-focused client portfolios. As structured sector experts, analysts assess the credit quality of transactions and asset classes through qualitative and quantitative analysis:  industry research, corporate credit analysis and due diligence, and asset cash flow analysis.  Team members will regularly meet with company management, industry experts, investment bankers and rating agencies as part of the due diligence process.  Members will evaluate trading levels of these companies’ debt instruments to formulate investment recommendations, collaborating with the firm’s traders and portfolio managers to evaluate relative value thoughts and recommend investments.  Monitoring the existing portfolio is an important part of the role.

Summary of Role

The Structured Finance Professional will be a member of the Structured Finance team.  The candidate is expected to have a broad knowledge of the structured finance industry and will be a mentor for junior team members.

Role Responsibilities

• Review and evaluate investment proposals of private/144a and public asset backed securities for purchase.  Responsible for all aspects of deal execution including sourcing, cash flow analysis, sponsor/manager analysis, investment recommendation and committee presentation, documentation and pricing rationale. Perform on site due diligence, meeting with issuer’s senior management team and reviewing operations.
• Asset classes include: collateralized debt obligations, solar, timeshare, property assessed clean energy, single family rental, fiber, music royalties, data center, PDP and other esoteric asset classes.

• Monitor asset backed portfolio, including ongoing review of asset performance, credit enhancement, credit analysis of servicers, to determine appropriateness of existing holdings in light of current deal status and market conditions. Formulate exit strategies and/or workouts as necessary.
• Track industry and asset specific issues and maintain relationships with servicers, investment banks, and rating agencies.
• Mentor and work with junior members of Structured Finance team.

Required Skills & Experience

• Strong computer skills with advanced knowledge of Excel required.
• Strong analytical skills.
• Excellent interpersonal skills.
• Ability to juggle multiple assignments and work within deadlines.
• Experience with an established organization, preferably in an institutional asset management buy-side firm.
• Bachelor’s Degree, preferable in Finance, Accounting, Economics, Mathematics, or a related field.
• Minimum of 5 years of previous experience in the structured finance sector required.

Desired Skills & Experience

PPM is a team-oriented environment that provides hands-on support and incentives for your professional growth.  The below skills and experience are helpful for this role, but a pro-active learner who meets the role requirements will be able to gain the necessary skills on the job with the support of our team.

• MBA and/or CFA preferred

Benefits

At PPM, we offer volunteer opportunities to get involved with a diverse network of peers and support the causes that are important to you. Your passion and talents can make a lasting impact on our organization and our community. Additionally, our employees go the extra mile every day and the benefits of working at PPM reflect our commitment to supporting and enhancing their personal and professional lives. The plans and programs listed below are offered in collaboration with our parent company.

• Competitive salary and bonus
• Medical, dental and vision coverage
• 401k retirement plan with dollar-for-dollar matching contributions (up to 6% of salary)
• Tuition and professional certification reimbursement
• Paid parental leave
• Adoption assistance
• Holidays and paid time off
• Paid time off to volunteer
• Life insurance
• Gift matching

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Equal Employment Opportunity PPM America, Inc. is an equal opportunity employer and we base our employment decisions without unlawful regard or consideration of an individual’s race, color, religion, national origin, sex, gender, sexual orientation, ancestry, citizenship, age, marital status, veteran status, medical condition, non-job related disability, pregnancy or any other basis protected by federal, state, or local law