Vice President, Credit Analysis

Summary of our opportunity

ICG’s Credit Fund Management (“CFM”) business is a sub-division of Intermediate Capital Group which invests across liquid capital markets. CFM was originally launched in 1999 and we were one of the first European CLO managers. The division now manages a range of both market-value liquid funds and CLOs, all accessing sub- investment grade debt in Europe, North America and Australia, with teams based in London, New York and Sydney. CFM’s AuM is US$19 Bn, about 15% of the total firm AuM of US$126 Bn (as at 31 March 2026). The European team consists of 17 investment professionals of which 12 are sector focused credit analysts.

Our investment style is to take a fundamental, bottom-up approach to credit analysis in order to identify opportunities and overlay relative value view in portfolio construction. You will be responsible for assessing the credit quality of new investment opportunities in the leveraged loan and high yield bond markets, and for ongoing monitoring of existing investments. We also use AI tools to support our investment analysis and research. Depending on pre-existing skillset and experience, additional training will be provided to support the performance of the role.

Primary responsibilities for this role include (but are not limited to):

Credit Assessment – New Opportunities

Reading Preliminary Offering Memoranda and Due Diligence Reports

Meeting management teams for 1-1 Q&A

Company SWOT analysis

Sector analysis

Financial modelling, analysing, and interpreting financial information

Assessing credits against benchmarks and/or peers

Combining all of the above in order to reach a conclusion / recommendation, to be presented to Investment Committee (“IC”) in the form of:

Deal screeners, to assess the opportunity at an early stage and discuss areas for further investigation;

Investment papers with fully developed and critical analysis of the investment opportunity.

Monitoring of Existing Portfolio

Covering between 25-35 names on an ongoing basis and building a coverage list based on deal flow and secondary opportunities

Building relationships with management teams of portfolio companies

Relative value assessments for loans and bonds, with ideas presented ad hoc or in weekly

Relative Value meetings (in-house training provided)

Providing quick updates to Portfolio Managers upon release of financial results and news updates, and then following up with more detailed analysis and conclusions

Providing forecasts/expectations for upcoming results and relating them to market consensus estimates where appropriate

Maintaining monitoring models of current coverage names which incorporate historic data and forecasts

Uploading financial and other data and commentary to the proprietary CFM database (in- house training provided)

Running scenario/sensitivity analysis as required

Regularly monitoring peers for relevant news and results, and for potential secondary trade opportunities

Contributing to Quarterly Portfolio Reviews as required

Fundraising / Networking

Providing support to the Portfolio Managers and Marketing & Client Relations as required

Building and developing relationships with arrangers, sponsors and other analysts

Assisting with marketing materials as required

Meeting with investors/potential investors as required as part of the analyst team

Legal Documentation

Reviewing legal documentation (Term Sheets, loan agreements) to identify key terms

(Training/external resources are available if required)

Key Requirements/ Qualifications

You will have demonstrable experience of:

Experience: Any European market - 3+ years in any of: Leveraged Loans, High Yield Bonds, Accountancy

Qualifications:  BSc in Finance, Accounting, Economics, Business Admin, Political Science or similar.

Past organizations: PE & Asset Managers with €1bn + AUM, Tier I Banks, Tier I Consulting firms, Ratings Agency and Accountancy

Personal Attributes

Personal attributes that will make you successful in this role include but are not limited to:

Analytical: Good attention to detail, diligent and well-organised

Communication skills: An ability to influence others and obtain buy-in; an ability to establish relationships with management teams of portfolio companies

Enthusiastic, passionate and driven

Trustworthy and respectful

Our Global Benefits Framework is centred around these 3 key attributes:

Wellbeing - Supporting your mental, physical and financial wellbeing as well as your lifestyle needs.

Inclusivity – Fit for purpose and competitive, no matter who or where you are.

Longevity – Long Term and sustainable in design*.*

Inclusion is one of ICG’s key values and we are committed to creating an equitable and inclusive workplace for everyone. By welcoming different perspectives, we strengthen ICG’s performance, enrich decision-making and contribute to better outcomes for our clients, colleagues, and the markets we serve. Accordingly, our recruitment processes provide equal employment opportunities to all applicants and employees, regardless of age, ethnicity, disability, sex, gender, sexual orientation, religion, or any other characteristic protected by local law.

We are equally committed to delivering an inclusive and accessible candidate experience. If you require information in an alternative format, additional time for assessments, an adjusted interview schedule, or any other support during the recruitment process, please let us know.