Job Description
Job Type: Permanent
Location: This role will be based in our London office, with some flexibility to work between the office and home. We will discuss what is important to you, balancing this with business requirements during the recruitment process. You can read more about Phoenix Flex here.
Salary and Benefits: £70,000 – £110,000 (subject to experience) + bonus, excellent pension scheme, private medical insurance, electric vehicle scheme, 38 days holiday incl. Bank Holidays (pro-rated), plus 12x salary life assurance, career breaks, income protection, 3x volunteering days and much more!
We are pleased to announce an incredible, new career opportunity to join us here at Phoenix Group as a
Portfolio Monitoring and Workout Senior Analyst to join our Global Investment Research and Ratings team within the Asset Management (RS&AM) function. This role will suit those who have specific experience in portfolio monitoring and workout; to manage the ongoing surveillance of credit portfolios.
Who are we?
We want to be the best place that any of our 6,600 colleagues have ever worked.
We’re Phoenix Group, we’re a long-term savings and retirement business. We offer a range of products across our market-leading brands, Standard Life, SunLife, Phoenix Life and ReAssure. Around 1 in 5 people in the UK has a pension with us. We’re a FTSE 100 organisation that is tackling key issues such as transitioning our portfolio to net zero by 2050, and we’re not done yet.
Role Context
The Portfolio Monitoring and Workout Senior Analyst is responsible for the ongoing surveillance of credit portfolios, identifying early warning signals, monitoring covenants, managing covenant waivers in close coordination with the Private Markets Investment Team and supporting the management and resolution of distressed or underperforming assets.
This role plays a critical part in preserving asset quality, minimising losses, and ensuring regulatory compliance through proactive risk management and strategic workout solutions.
Key Responsibilities
Portfolio Monitoring
- Conduct regular reviews of portfolio performance, including covenant compliance.
- Develop and maintain dashboards and reports to track key risk indicators (KRIs) and early warning signals.
- Collaborate with the relevant subject matter experts (SME) to assess borrower performance and identify potential issues.
- Monitor macroeconomic and sector-specific trends that may impact portfolio quality in collaboration with other Asset Management SME.
Workout and Restructuring
- Support the development and execution of workout strategies for distressed or non-performing loans.
- Assist in negotiations with borrowers, legal advisors, and other stakeholders to restructure debt or recover value.
- Prepare credit memos and restructuring proposals for internal committees in collaboration with the relevant SMEs (private market, credit SMEs, Risk, Legal).
- Maintain detailed documentation of workout cases, including action plans, correspondence, and financial models.
Risk Management and Compliance
- Ensure adherence to internal credit policies and framework, regulatory requirements, and industry best practices.
- Participate in internal audits and regulatory reviews as needed.
- Contribute to stress testing and scenario analysis exercises.
Data and Reporting
- Utilise data analytics tools to enhance portfolio insights and reporting capabilities.
- Maintain accurate and up-to-date records in credit systems and databases.
- Produce or coordinate other team outputs – including MI, committee inputs, portfolio reviews.
- Produce required team outputs (for example specific asset MI, committee inputs, portfolio and sector reviews). Lead and/or contribute to other projects as required, for example activities including regulatory requests, and monitoring of group limits.
- Actively participate in governance for internal ratings and other associated committees. Support Credit Research Analyst Leads, Head of Credit Governance and the Chief Credit Officer at any committees or other governance forum.
- Thorough understanding of relevant regulations and PRA expectations for internal ratings and ensures team compliance with internal and external requirements. Leads/assist with PRA deliverables and interactions with PRA.
Stakeholder Management
- Internal; Chief Credit Officer and specialists within the team, Private Markets Team, Group Risk
- External; Banking counterparties, Advisors, Sponsors, Rating Agencies, Consultants and Loan Servicers
What are we looking for?
Experience / Knowledge - Essential (minimum Criteria)
- Workout and restructuring experience
- Knowledge of credit risk management and loan workout processes and has ideally gained experience in a similar Asset Manager, Bank or Credit Ratings Agency
- Strong analytical and financial modelling skills (building and maintaining)
- Familiarity with regulatory frameworks (e.g. PRA/FCA guidelines)
- Proficiency in Excel (Intermediate), Power BI/Tableau, and credit risk systems (e.g., Moody’s Risk Analyst, S&P Capital IQ)
- Ability to apply sound judgement, form and present opinions on an asset, including the ability to write credit reports highlighting key risks to range of stakeholders.
Personal Attributes & Skills
- Excellent communication and demonstrated negotiation skills
- Analytical, diligent working style and ability to manage multiple priorities
- Proactively stays abreast with industry trends and regulatory knowledge
We Want To Hire The Whole Version Of You.
We are committed to ensuring that everyone feels accepted and welcome applicants from all backgrounds. If your experience looks different from what we’ve advertised and you believe that you can bring value to the role, we’d love to hear from you.
If you require any adjustments to the recruitment process, please let us know so we can help you to be at your best.
Find out more about
- Guide for Candidates: thephoenixgroup.pagetiger.com/guideforcandidates
- Find or get answers from our colleagues: www.thephoenixgroup.com/careers/talk-to-us
