Managing Director Alternative Investments
Managing Director Alternative Investments
Cadence Bank
Houston, TX
See who Cadence Bank has hired for this role
Cadence Bank Alternative Investments Department is tasked with managing a growing portfolio of Private Credit, Private Equity, and Real Estate Fund investments on behalf of Cadence Bank.
The Senior Vice President of Alternative Investments will work directly with the Manager of Alternative Investments to manage Cadence Bank’s alternative investment portfolio. The portfolio is primarily comprised of Volcker-exempted private equity partnerships and investment vehicles. Managing the portfolio includes sourcing investments, underwriting limited partnership exposure, monitoring investments, marketing Cadence Bank to the funds, and working with other departments in the bank. Those departments include the Treasury team, Accounting and Tax teams, Commercial & Industrial lending teams, Specialty Lending teams, Corporate Banking team, and the Community Reinvestment Act (CRA) tracking team.
Duties/Responsibilities
Portfolio Management
Sourcing of prospective investments through active calling effort
Monitors financial performance of individual funds
Coverage of industry conferences (SBIA, ILPA) to stay abreast of trends and regulatory changes in the private investment industry
Coverage of each fund’s annual meeting to stay in tune with fund activities including changes in team, upcoming capital calls, deal flow, portfolio company activities
Partner with Cadence teammates with sector knowledge to build over-all Cadence relationship with fund
Facilitating ancillary business opportunities with Cadence Bank lenders when appropriate
Track underlying portfolio company investments to facilitate CRA investment credit
Underwriting
Works with the Portfolio Associate and Credit Analysts to ensure completeness and accuracy of approval documentation in the fund investment approval process
Provides guidance and mentoring to credit analysts in underwriting process
Evaluates structures, quality, integrity, and soundness of all financial analysis
Assists in completion of all Investment Approval package documents, such as: strategy analysis, financial analysis, industry analysis, relationship summary, reference calls, and other required documents needed for fund investment approval
Presents proposed fund investments to the Alternative Investments Working Group for formal approval
Manages legal negotiation of fund documents (Limited Partnership Agreements, Subscription Agreements, and Side Letters) between Fund and Cadence Bank with assistance of SME legal counsel
Qualifications
Interest in and knowledge of private investment markets
Ability to interact with all levels of management, work within a team environment and work independently
Ability to work with large databases and datasets for extraction and conversion into useful business information
Excellent technical and analytical skills
Excellent written/verbal communication and interpersonal skills
Knowledge of Microsoft Office, particularly Excel, Word, and PowerPoint
Polished negotiation and presentation skills
Strong organizational and administrative skills
Ability to multitask
Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources
Education
Bachelor's Degree in Business, Accounting, Finance, Economics, or equivalent experience
CFA or CAIA designation preferred
10-15+ years of work experience in a credit or investment position required
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
The Senior Vice President of Alternative Investments will work directly with the Manager of Alternative Investments to manage Cadence Bank’s alternative investment portfolio. The portfolio is primarily comprised of Volcker-exempted private equity partnerships and investment vehicles. Managing the portfolio includes sourcing investments, underwriting limited partnership exposure, monitoring investments, marketing Cadence Bank to the funds, and working with other departments in the bank. Those departments include the Treasury team, Accounting and Tax teams, Commercial & Industrial lending teams, Specialty Lending teams, Corporate Banking team, and the Community Reinvestment Act (CRA) tracking team.
Duties/Responsibilities
Portfolio Management
Sourcing of prospective investments through active calling effort
Monitors financial performance of individual funds
Coverage of industry conferences (SBIA, ILPA) to stay abreast of trends and regulatory changes in the private investment industry
Coverage of each fund’s annual meeting to stay in tune with fund activities including changes in team, upcoming capital calls, deal flow, portfolio company activities
Partner with Cadence teammates with sector knowledge to build over-all Cadence relationship with fund
Facilitating ancillary business opportunities with Cadence Bank lenders when appropriate
Track underlying portfolio company investments to facilitate CRA investment credit
Underwriting
Works with the Portfolio Associate and Credit Analysts to ensure completeness and accuracy of approval documentation in the fund investment approval process
Provides guidance and mentoring to credit analysts in underwriting process
Evaluates structures, quality, integrity, and soundness of all financial analysis
Assists in completion of all Investment Approval package documents, such as: strategy analysis, financial analysis, industry analysis, relationship summary, reference calls, and other required documents needed for fund investment approval
Presents proposed fund investments to the Alternative Investments Working Group for formal approval
Manages legal negotiation of fund documents (Limited Partnership Agreements, Subscription Agreements, and Side Letters) between Fund and Cadence Bank with assistance of SME legal counsel
Qualifications
Interest in and knowledge of private investment markets
Ability to interact with all levels of management, work within a team environment and work independently
Ability to work with large databases and datasets for extraction and conversion into useful business information
Excellent technical and analytical skills
Excellent written/verbal communication and interpersonal skills
Knowledge of Microsoft Office, particularly Excel, Word, and PowerPoint
Polished negotiation and presentation skills
Strong organizational and administrative skills
Ability to multitask
Thorough knowledge of financial statements, accounting principles, Credit Policy, applicable laws and industry data sources
Education
Bachelor's Degree in Business, Accounting, Finance, Economics, or equivalent experience
CFA or CAIA designation preferred
10-15+ years of work experience in a credit or investment position required
Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities
The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor’s legal duty to furnish information. 41 CFR 60-1.35(c)
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Seniority level
Executive -
Employment type
Full-time -
Job function
Finance and Sales -
Industries
Banking
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