Location
London

Hours
Full Time

Salary
Not specified

About the Role
As one of the world's leading independent global investment firms, Invesco is dedicated to rethinking possibilities for our clients by delivering the combined power of our distinctive investment management capabilities. We provide a wide range of investment strategies and vehicles globally. If you're looking for challenging work, intelligent colleagues, and exposure across a global footprint, come explore your potential at Invesco.

We are seeking an Associate - Private Credit to join our Bank Loans team in London. This exciting role involves working across senior secured loans and high-yield bonds while developing deep sector expertise, driving fundamental credit analysis, and contributing directly to portfolio construction. If you enjoy analytical work, want to deepen your understanding of leveraged finance, and thrive in a collaborative investment environment, we'd love to hear from you.

Your responsibilities will include:
- Investment Analysis & Credit Underwriting: Reviewing and preparing credit theses for new senior secured loan and high-yield bond investments (fixed and floating), producing detailed credit proposals including company and industry analysis, capital structure assessment, cash-flow projections, collateral adequacy, management quality, lender and sponsor strength, and restructuring considerations. Presenting well-argued investment recommendations to the Investment Committee and developing clear views on entry and exit yields.
- Sector Coverage & Monitoring: Building in-depth knowledge across 2-3 industries, maintaining full coverage of all senior loan and high-yield opportunities within those sectors, managing 25-30 loan and bond positions, conducting ongoing monitoring including financial analysis, cash-flow modelling, rating reviews, collateral assessments, and performance tracking. Identifying relative value opportunities and making informed buy/sell/hold recommendations. Actively generating new investment ideas.
- Market Interaction & Due Diligence: Participating in management meetings, site visits, plant tours, and inspections. Engaging with syndicate desks, sell-side analysts, and private equity sponsors to evaluate investment opportunities. Reviewing loan and bond documentation in collaboration with senior analysts and team leaders. Building and maintaining a strong network to understand market sentiment.
- Distressed & Special Situations: Assisting in workout and restructuring of distressed positions and supporting senior team members in evaluating complex secondary and stressed opportunities.
- Risk Management & Administration: Maintaining accurate electronic credit files, compliance reports, collateral records, and exposure reporting. Ensuring all activities align with Invesco's Conduct Principles.

Pursuant to Invesco's Workplace Policy effective October 1, 2025, employees are expected to spend at least four full days each week working in the advertised office to foster collaboration and growth.

Experience
Experience as a credit, leveraged finance, or corporate finance analyst in buy-side, sell-side, rating agency, private equity, consulting, or similar roles.

About you
Strong analytical skills with the ability to connect complex information and see the bigger picture. Excellent financial modelling, quantitative, and qualitative assessment capabilities. Clear written and verbal communication skills, comfortable presenting to senior stakeholders. Highly organised, detail-oriented, and able to manage multiple priorities. A proactive, solution-oriented mindset with strong integrity and teamwork skills.

Qualifications
Bachelor's degree required; CFA qualification is beneficial. Proficiency in Microsoft Office, especially Excel and Word. Additional European language(s) preferred.