Transaction Enablement Manager, Private Credit

Job Description

AustralianSuper is the largest superannuation fund in Australia --in the top 20 largest funds globally and top 50 asset owners globally.

With more than US $230 billion in current assets under management, and a world-class investment team, AustralianSuper has the appetite and capability to directly invest in large-scale opportunities.

Our New York office is made up of more than 75 colleagues and is expected to grow significantly over the next few years, so when you join, you become a key part of building our culture.

Your new role

Due to our significant growth, we are expanding our investment capabilities in New York, focusing on Infrastructure, Property, Private Debt and Private Equity. The Fund has over 350 in-house investment professionals with expertise across all asset classes (almost 60% of the portfolio is internally managed) with a growing global footprint.

The Manager - Transaction Enablement Manager, will be part of the team responsible for managing transactions within the Private Credit portfolio. The role will report within Investment Services. Private Credit is a growing strategy within the Fixed Income, Currency and Credit (“FICC”) vertical and currently includes real asset direct lending across infrastructure and real estate as well as corporate middle market lending via a manager.

The main purpose of this role is to support the Private Credit team and the wider Investment Department in managing the execution of direct credit investments in line withthe Fund’s governance requirements for direct investing (the “Direct Transaction Standard”) and the execution of manager-led strategies in line with the Fund due diligence process.

This role also involves:

the management of transactions being led by Private Credit’s New York and London teams to ensure global consistency and integration with broader Investments and Fund programs and frameworks;

the collation, analysis and reporting of transaction pipeline activity, transaction costs and budgeting and external reporting requirements;

special projects which can enhance or improve Private Credit’s processes and/or operating models;

supporting the continued development of the New York based Private Credit transaction enablement and management capability; and

other ad hoc tasks and recurring responsibilities necessary to execute transactions from sourcing to signing.

This role will work closely alongside the Private Credit asset class and monitoring teams. There is also extensive interaction with the other private market investment teams and other stakeholders throughout the Fund, such as ESG, Tax, Legal, Finance, Operational Due Diligence and Private Markets Operations teams.

This role requires knowledge of and familiarity with large scale unlisted transactions.

This is a newly created position, that is based on-site at 1251 Avenues of the Americas, with a hybrid work schedule; and will report to the Head of Investment Services, who is also based in New York.

Key Responsibilities

Transaction Management Responsibilities

Accountable for Private Credit compliance with the Fund’s governance requirements for direct investments (the “Direct Transaction Standard”).

Supports the Transaction Team Lead (TTL) and Private Credit team in undertaking the direct transaction process for direct credit investments, including managing the execution of the agreed steps and deliverables.

Acts as the administrative liaison between the Private Credit team and other internal workstreams (e.g. legal, tax, ESG, ODD, Investment Relations, Valuations and Investment Operations) during the timeline of each transaction.

Tracks transactions against the Direct Transaction Standard and reports to the TTL on any unforeseen issues arising.

Tracks transactions from origination through to execution and monitoring phase, including maintenance of active deal pipeline, supplier onboarding, and ensuring funding/post completion activities are set-up appropriately.

Responsible for administering and ensuring compliance with the Direct Transactions Standard on live processes with a focus on internal process management and stakeholder management. This includes:

organising meetings, including liaison with Secretariat for approval forum meetings;

prepare minutes according to fund standards for approval forum meetings, and manage any other associated record keeping needed to document transaction approvals;

contributing to direct transaction process improvements, including periodical updates to the Direct Transaction Standard, Procedures and Process guide and [Private Credit] transaction ‘playbooks’.

Streamlining transaction workflows, including the use of new IT applications.

Builds relationships across the Investment Department and other Fund functions to support efficient investment processes and seeks opportunities for cross-Fund learnings.

Tracks transaction due diligence expenditures against approved budget and prepares memorandum, in conjunction with transaction teams outlining the impact of each investment on the Private Credit budget, in particular regarding ASIC Regulatory Guidance 97 (RG97) disclosure requirements.

Oversight of the transaction team’s management of the transaction due diligence / bid budget.

Facilitates deal post-mortems (lessons learned) and periodic investment reviews.

Other Responsibilities

Contribute to the continuous improvement of the Fund’s processes and practices including reviewing the systems and processes involved in funds commitments, direct credit investments, co-investments and co-underwrite investments.

Generating ideas, support and solutions to the Private Credit Senior Team relating to the transaction management team’s scope.

Assisting in the management and resolution of administrative roadblocks or incidents.

Supporting the management of the broader Private Credit portfolio. The role will:

Work with the broader Private Credit team to prepare reports for the Investment Department Leadership Group, US Board, and the Investment Committee.

Lead or support the review of the systems and processes involved in managing the Private Credit portfolio.

Culture – ensure our Members First culture is consistently and firmly embedded.

Capabilities – support a team of highly capable people who will drive a culture of continuous improvement and the delivery of outcomes to successfully deliver the Fund’s strategic ambitions.

Service orientation – drive a strong service-oriented culture within the team that works and engages collaboratively with all teams in a trusted partnership to deliver desired outcomes.

Learning – ensure the team is continually up to date, and able to share knowledge with the wider business.

Respond to requests for information, analysis and reporting of the Private Credit portfolio (in particular, transaction activity, the direct credit pipeline funnel, transaction costs and budgeting etc.).

What we’re looking for

Culture is key at AustralianSuper and we are looking for someone who is a team player that enjoys working in a high performing collaborative team.

10+ year’s experience, ideally including experience in an investment management or investment banking environment.

Knowledge of and experience in direct unlisted transaction execution or Real Assets/Credit investment activities.

Extensive experience in dealing with key internal and external partners (including lawyers, accountants, consultants / advisors).

Experience in analysing and interpreting data.

Compliance / regulatory awareness and familiarity.

Project management experience and superior organisation skills.

Strong verbal and written communication skills.

Excellent stakeholder engagement and relationship skills.

High level of initiative and ability to work with minimal direction.

Problem solving.

Demonstrated ability to work under pressure, setting and managing multiple conflicting priorities within specified time frames.

Ability to operate within an actively growing Investments department and ability to adopt to constant change within the organisation.

Comfortable working in a growing, collaborative team environment, where team members are expected to have the capacity to work independently on certain projects and be prepared to work together and provide feedback and input team/Fund initiatives.

Pay transparency notice

The compensation range for this position is $350,000-$425,000(this is based on full-time hours, located in New York City).The pay offered may vary depending on job related knowledge, skills, and experience and refers to the amount AustralianSuper is willing to pay at the time of posting.

Life at AustralianSuper

At AustralianSuper, we truly care about our colleagues. We know work and life are intertwined, that’s why we support the diverse needs of everyone and have policies that enable us all to thrive and be truly flexible. We ensure diversity is celebrated for the opportunity it provides us all to learn and grow, and ultimately to deliver better outcomes for members.

As we collaborate with colleagues across multiple time zones flexibility in work hours are both a requirement and opportunity for this role.

We offer great benefits, including generous 401(K) matching, health insurance and promote a blended working environment in which all roles can flex, and we’re happy to discuss what this looks like for you.

We are committed to supporting our diverse workforce in a way that is inclusive and embraces diversity in all its forms. If you require any reasonable adjustments to the recruitment process or the role, please let our recruitment team know.

Progress, powered by purpose

All employees and applicants are evaluated on the basis of their qualifications, consistent with applicable state and federal laws, without regard to race, color, ancestry, sex which includes pregnancy, childbirth, breastfeeding and related medical conditions), sexual orientation, gender identity and/or expression, age, religious belief, national origin, marital status, physical or mental disability, medical condition, genetic information, military or veteran status, or other protected basis, all as defined by applicable laws. We are committed to providing equal employment opportunities for all.

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