Associate - Asset Backed Finance
1823 Partners, Miami, FL, United States
1823 Partners (US) LLC is a Registered Investment Adviser conducting business as a differentiated asset management firm focused on long‑term, insurance‑first investment strategies. The firm supports independent insurance companies with tailored investment strategies that back real promises with real assets. 1823 Partners manages a growing portfolio of private market investments with the objective of generating compelling returns for insurance companies and their policyholders, as well as other long‑term‑oriented institutional investors. 1823 Partners will initially focus on real estate, asset‑backed finance, credit, insurance solutions and private equity, with a $18.7 billion‑dollar asset mandate from JAB Insurance US Holdings, Inc. ("JAB Insurance"). The firm is headquartered in Miami and has an office in New York. For more information, visit www.1823.partners.
We are seeking an Associate to join our Opportunistic Private Credit & Asset Backed Finance team. The Asset Backed Finance sub‑strategy focuses on delivering strong risk‑adjusted excess return over investment grade corporates for insurance balance sheets, with a focus on privately originated asset backed opportunities across a range of collateral types and sectors including supply chain finance, equipment finance, natural resources, and infrastructure assets, among others.
The qualified candidate will have a strong foundation in structuring and underwriting asset backed financings, with exposure to underwriting and surveilling collateral and working with originations platforms across multiple asset classes. The ideal candidate is highly analytical and detail‑oriented, with the ability to support underwriting, structuring, execution and surveillance workstreams. The candidate should have experience working with portfolio companies, rating agencies, banks, and legal partners, and an interest in deploying capital in bespoke transactions.
Key Responsibilities
Sourcing Support : Assist in identifying and evaluating high‑quality asset backed opportunities, supporting the development of strategic partnerships, joint ventures, and forward flow programs aligned with the firm’s investment strategy. Contribute to the structuring of bespoke transactions across a range of collateral types and counterparties.
Due Diligence : Conduct quantitative and qualitative due diligence across potential investments, including collateral evaluation, financial statement analysis, and company performance assessment, and coordinate third‑party workflows with counsel, rating agencies, and other parties to support transaction closings.
Financial Modeling & Analysis : Build and maintain detailed underwriting models by analyzing assets, evaluating historical performance and facility structures, and running scenario and sensitivity analyses to support investment decisions. Assist in preparing investment memoranda, presentations, and supporting materials for investment committee discussions.
Execution & Documentation : Support end‑to‑end transaction execution by preparing term sheets, assisting in the negotiation of credit and partnership agreements, and coordinating transaction documentation under senior team guidance.
Portfolio Monitoring and Surveillance : Monitor existing portfolio investments, prepare performance reviews, and flag emerging risks or issues to portfolio managers to support ongoing risk and exposure management.
Market Research : Perform industry and market research, including competitive landscape analysis, sector trends, and collateral performance benchmarking to inform investment strategy and sourcing priorities.
Ad Hoc Projects : Work collaboratively with senior team members on ad hoc analytical and strategic projects as needed.
Qualifications
Strong academic background from a top‑tier Finance or STEM related undergraduate or master’s degree program.
2-6 years of finance experience in asset backed lending, private equity, or structured finance, ideally in investment banking or buyside.
Demonstrated analytical and problem‑solving capability, with strong financial modeling skills, attention to detail, and comfort working with complex data.
Exceptional communication skills, with the ability to deliver clear, concise assessments of investment risk and relative value.
Self‑motivated and adaptable, with intellectual curiosity and the ability to thrive in a fast‑paced, collaborative environment.
Detail‑oriented, organized, and able to manage multiple workstreams simultaneously.
Demonstrated work ethic and genuine interest in asset‑backed finance, structured credit, or related investment strategies.
Proficiency in Excel; experience with financial modeling tools and data analysis platforms is a plus.
What We Offer
Opportunity to work with a high‑performing, collaborative team at the intersection of finance, strategy, and investment.
Exposure to sophisticated investment structures and institutional capital partners.
A culture that values integrity, partnership, and long‑term thinking.
Competitive compensation and benefits package.
1823 Partners is committed to equal employment opportunity and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.
We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.
*The pay range listed below is dependent on individual candidate experience and skills and is based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including experience and expertise, and may vary from the amounts listed here.
Pay Range 150,000 - 250,000 USD per year (United States)
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We are seeking an Associate to join our Opportunistic Private Credit & Asset Backed Finance team. The Asset Backed Finance sub‑strategy focuses on delivering strong risk‑adjusted excess return over investment grade corporates for insurance balance sheets, with a focus on privately originated asset backed opportunities across a range of collateral types and sectors including supply chain finance, equipment finance, natural resources, and infrastructure assets, among others.
The qualified candidate will have a strong foundation in structuring and underwriting asset backed financings, with exposure to underwriting and surveilling collateral and working with originations platforms across multiple asset classes. The ideal candidate is highly analytical and detail‑oriented, with the ability to support underwriting, structuring, execution and surveillance workstreams. The candidate should have experience working with portfolio companies, rating agencies, banks, and legal partners, and an interest in deploying capital in bespoke transactions.
Key Responsibilities
Sourcing Support : Assist in identifying and evaluating high‑quality asset backed opportunities, supporting the development of strategic partnerships, joint ventures, and forward flow programs aligned with the firm’s investment strategy. Contribute to the structuring of bespoke transactions across a range of collateral types and counterparties.
Due Diligence : Conduct quantitative and qualitative due diligence across potential investments, including collateral evaluation, financial statement analysis, and company performance assessment, and coordinate third‑party workflows with counsel, rating agencies, and other parties to support transaction closings.
Financial Modeling & Analysis : Build and maintain detailed underwriting models by analyzing assets, evaluating historical performance and facility structures, and running scenario and sensitivity analyses to support investment decisions. Assist in preparing investment memoranda, presentations, and supporting materials for investment committee discussions.
Execution & Documentation : Support end‑to‑end transaction execution by preparing term sheets, assisting in the negotiation of credit and partnership agreements, and coordinating transaction documentation under senior team guidance.
Portfolio Monitoring and Surveillance : Monitor existing portfolio investments, prepare performance reviews, and flag emerging risks or issues to portfolio managers to support ongoing risk and exposure management.
Market Research : Perform industry and market research, including competitive landscape analysis, sector trends, and collateral performance benchmarking to inform investment strategy and sourcing priorities.
Ad Hoc Projects : Work collaboratively with senior team members on ad hoc analytical and strategic projects as needed.
Qualifications
Strong academic background from a top‑tier Finance or STEM related undergraduate or master’s degree program.
2-6 years of finance experience in asset backed lending, private equity, or structured finance, ideally in investment banking or buyside.
Demonstrated analytical and problem‑solving capability, with strong financial modeling skills, attention to detail, and comfort working with complex data.
Exceptional communication skills, with the ability to deliver clear, concise assessments of investment risk and relative value.
Self‑motivated and adaptable, with intellectual curiosity and the ability to thrive in a fast‑paced, collaborative environment.
Detail‑oriented, organized, and able to manage multiple workstreams simultaneously.
Demonstrated work ethic and genuine interest in asset‑backed finance, structured credit, or related investment strategies.
Proficiency in Excel; experience with financial modeling tools and data analysis platforms is a plus.
What We Offer
Opportunity to work with a high‑performing, collaborative team at the intersection of finance, strategy, and investment.
Exposure to sophisticated investment structures and institutional capital partners.
A culture that values integrity, partnership, and long‑term thinking.
Competitive compensation and benefits package.
1823 Partners is committed to equal employment opportunity and encourage people from all backgrounds to apply. We make hiring decisions based on merit and do not discriminate on the basis of race, religion, color, national origin, gender identity, sexual orientation, age, disability, or any other protected status.
We strive for a meaningful interview experience for all candidates. If you need an adjustment or accommodation due to a disability or medical condition during the hiring process, please let your recruiter know.
*The pay range listed below is dependent on individual candidate experience and skills and is based on several factors including job function, level, and geographic location. Final offer amounts are determined by multiple factors including experience and expertise, and may vary from the amounts listed here.
Pay Range 150,000 - 250,000 USD per year (United States)
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