Private Credit Associate, Strategic Advisers at Fidelity Investments

Boston, Massachusetts, United States

Fidelity Investments Logo
Not SpecifiedCompensation
Junior (1 to 2 years)Experience Level
Full TimeJob Type
UnknownVisa
Investment Management, Private Credit, Financial ServicesIndustries

Requirements

  • Bachelor’s degree required; CFA or progress toward CFA a plus
  • 3+ years of relevant investment experience; performing private credit manager due diligence preferred, co-investment diligence experience a plus
  • Solid understanding of private credit market fundamentals, credit principles, and capital structures
  • Leveraged finance or credit-oriented fundamental company analytical and LBO modeling skills
  • Strong research, analytical and technical skills with a problem-solving mentality and an orientation to detail
  • Proven communication and presentation skills with an ability to discuss issues in a clear, concise manner
  • Ability to work collaboratively in a team environment
  • Strong proficiency in Excel and Microsoft Office, as well as private market research/benchmarking tools
  • Location: Boston, Massachusetts (Hybrid work arrangement)

Responsibilities

  • Work under the guidance of senior team members and the Private Credit Portfolio Manager to perform investment manager and market research
  • Support the sourcing, due diligence, monitoring, investor reporting, and execution of private credit investments
  • Initial focus on Direct Lending, with exposure to various private credit investment strategies and geographies over time

Skills

Key technologies and capabilities for this role

Private CreditDirect LendingInvestment ResearchDue DiligenceManager EvaluationAsset AllocationCFAPortfolio ManagementPrivate MarketsCo-investment

Questions & Answers

Common questions about this position

What is the base salary range for the Private Credit Associate position?

The base salary range is $100,000 - $200,000 per year, with placement varying based on job responsibilities, scope, geographic location, candidate experience, and other factors.

Is this position remote or based in a specific location?

The position is located in Boston, Massachusetts.

What skills and qualifications are required for this role?

Required qualifications include a Bachelor’s degree, 3+ years of relevant investment experience (private credit manager due diligence preferred), solid understanding of private credit market fundamentals and credit principles, leveraged finance or credit-oriented analytical and LBO modeling skills, strong research and analytical skills, communication skills, teamwork ability, and proficiency in Excel and Microsoft Office.

What does the team structure look like for this position?

You will work under the guidance of senior team members and the Private Credit Portfolio Manager as an initial core member of the growing Private Credit Research team within Private Markets Research, supporting private market investments.

What compensation and benefits are offered beyond base salary?

Base salary is part of the total compensation package, which may include bonus or other variable compensation depending on position and eligibility; a wide range of benefits is offered to meet evolving needs.

Fidelity Investments

Investment management and financial services provider

About Fidelity Investments

Fidelity Investments offers a range of financial services and tools designed to help individuals manage their investments and stay informed about the markets. Their products include mobile applications and market monitoring tools that provide users with real-time market quotes, news, and trading capabilities. For example, the Fidelity Market Monitor for Glass delivers daily market quotes directly to Google Glass, while the Fidelity app for Windows Phone 8 allows users to access news and trading tools on their mobile devices. Additionally, features like the Watch List Visualization for iPad help users track stock price changes over time using a heatmap. What sets Fidelity apart from its competitors is its focus on integrating new technologies and user-friendly interfaces to enhance the investment experience. The goal of Fidelity Investments is to empower individuals with the information and tools they need to make informed financial decisions.

Boston, MassachusettsHeadquarters
1946Year Founded
$120,238.8MTotal Funding
DEBT_FINANCINGCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees

Benefits

Health Insurance
Mental Health Support
Hybrid Work Options
401(k) Retirement Plan
401(k) Company Match
Unlimited Paid Time Off
Parental Leave
Student Loan Assistance
Tuition Reimbursement

Risks

Loss of key personnel like Gita Bal may impact Fidelity's research capabilities.
Increased competition from Vanguard's new division could draw clients away from Fidelity.
Potential reputational risk from Bitcoin ETF outflows could affect Fidelity's offerings.

Differentiation

Fidelity Labs offers innovative beta products like Market Monitor for Google Glass.
Fidelity's mobile solutions are available on multiple platforms, including Windows Phone and iPad.
Fidelity's Open Limit Order Visualization provides unique insights into order execution proximity.

Upsides

Increased adoption of wearable tech could boost Fidelity's mobile solutions.
Growing interest in Bitcoin ETFs suggests expansion in Fidelity's digital asset offerings.
Rise of AI could benefit Fidelity's data analytics and AI-driven investment strategies.

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