Private Debt Analyst

Tenax is an independent boutique asset manager based in London with offices in Milan and Frankfurt, part of Fosun International. Tenax manages traditional and alternative credit funds in excess of €3bn AuM including private debt funds investing both in Italy and Central Europe since 2015.

Founded in London in 2004, by Massimo Figna (now CEO), Tenax Capital is an established pan-European boutique investment manager with an increasing presence in Europe, and now Asia due to Fidelidade/Fosun’s acquisition. Tenax is defined by its commitment to deliver equity-like returns, while protecting its investors’ capital.

Tenax is now projected to go through an extreme period of growth due to the 2020 majority acquisition by Fidelidade, the largest Portuguese insurance company. The acquisition is part of Fosun’s strategy to grow its global asset management business to provide European and global investors new and innovative investment solutions and access to China’s fast-growing markets.

About the job

We are looking for a skilled and motivated person to join the Italian Private Debt team which is currently launching its fifth Private Debt Fund with a target in excess of €400m.

Reporting to the Portfolio Managers, the incumbent contributes to the performance and risk management of the team's portfolio by implementing the various stages of financial and sector analysis and by playing an active role in the rigorous monitoring of investments. The incumbent also contributes to managing the team's investment opportunities in private debt, as well as to improving the department's performance by promoting collaboration and teamwork. The successful candidate will become a key element of the team and will have rising responsibilities.

The position will be based in Milan.

Main responsibilities

• Participate actively in investment due diligence
• Prepare investment recommendations
• Review and analyse legal documentation related to investments
• Develop efficient analysis, research and monitoring systems; Perform research and fundamental analysis on assigned companies and sectors
• Produce the required reports on designated companies and the portfolio as a whole (company reviews, financial and valuation models, internal risk ratings, sector-based presentations, etc.)
• Track the quarterly and annual financial performance of assigned companies
• Work with fellow team members to pre-emptively predict potential crisis situations involving assigned investments
• Collaborate with other teams of Tenax (ILS and Fixed Income Funds, Research, Risk, Legal)
• Contribute to the marketing material and investor meetings

Requirements

• At least 2-3 years financial analysis experience in M&A, debt advisory, investment banking, audit firm or consulting
• Degree in business administration or engineering, with a major in finance, accounting or a related discipline
• Excellent command of written and spoken English
• Knowledge of the corporate credit market, corporate finance and the investment industry is an asset

Skills

• Self-motivation and initiative
• Strong critical thinking, analytical and deductive skills
• Team mindset
• Ability to effectively manage stress and multiple priorities
• Committed, dynamic and proactive