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Private Credit Jobs (NOW HIRING)

Aegon

Portfolio Manager, Private Credit

New York, NY · On-site

$165K - $210K/yr

Maintain market intelligence on Private Credit asset classes, trends, and relative value. * Lead reporting and portfolio management tools, evaluate and onboard new technologies. * Partner with ...

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How much do private credit jobs pay per hour?

As of Jun 9, 2026, the average hourly pay for private credit in the United States is $20.43, according to ZipRecruiter salary data. Most workers in this role earn between $18.27 and $22.36 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive in the Private Credit position, and why are they important?

To thrive in Private Credit, you need strong financial analysis skills, detailed knowledge of credit markets, and a background in finance or related fields, often demonstrated by a relevant degree or CFA designation. Familiarity with financial modeling software, credit risk assessment tools, and portfolio management systems is highly beneficial. Critical thinking, negotiation abilities, and effective communication stand out as valuable soft skills in this field. These skills enable professionals to accurately evaluate risk, structure deals, and maintain strong client and stakeholder relationships, driving success in a dynamic market.

What is a Private Credit job?

A Private Credit job involves originating, underwriting, and managing private debt investments, typically for institutional investors or specialized credit funds. Professionals in this field analyze borrower creditworthiness, structure loan terms, and monitor portfolio performance. Roles may include deal sourcing, due diligence, and risk assessment across direct lending, mezzanine financing, or special situations. These positions require strong financial modeling, credit analysis, and negotiation skills.

What are typical day-to-day responsibilities for someone working in Private Credit?

Professionals in Private Credit spend their days analyzing potential borrowers, performing due diligence on investment opportunities, structuring loan agreements, and managing existing portfolio companies. This often involves preparing detailed credit memos, reviewing financial statements, and collaborating closely with legal teams, underwriters, and portfolio managers to ensure structured deals meet risk and return requirements. Regular communication with clients, sponsors, and internal teams is essential to monitor ongoing investments and quickly address any emerging issues. The role also requires staying updated on market conditions and adjusting strategies as needed to protect and grow the firm's capital.

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What cities are hiring for Private Credit jobs? Cities with the most Private Credit job openings:
What states have the most Private Credit jobs? States with the most job openings for Private Credit jobs include:
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Private Credit jobs near you
Infographic showing various Private Credit job openings in the United States as of May 2026, with employment types broken down into 77% Full Time, and 23% Part Time. Highlights an 94% Physical, 2% Hybrid, and 4% Remote job distribution, with an average salary of $42,501 per year, or $20.4 per hour.

Portfolio Manager, Private Credit

Aegon

Philadelphia, PA

$165K - $210K/yr

Full-time

Medical, Dental, Vision, Life, Retirement, PTO

Posted 10 days ago

Job description

Job Family

Investment Management

About Us

At Transamerica, hard work, innovative thinking, and personal accountability are qualities we honor and reward. We understand the potential of leveraging the talents of a diverse workforce. We embrace an environment where employees enjoy a balance between their careers, families, communities, and personal interests.

Ultimately, we appreciate the uniqueness of a company where talented professionals work collaboratively in a positive environment - one focused on helping people look forward and plan for the best life possible while providing tools and solutions that make it easier to get there.

Who We Are

We believe everyone deserves to live their best life. More than a century ago, we were among the first financial services companies in America to serve everyday people from all walks of life.

Today, we're part of an international holding company, with millions of customers and thousands of employees worldwide. Our insurance, retirement, and investment solutions help people make the most of what's important to them.

We're empowered by a vast agent network covering North America, with diversity to match. Together with our nonprofit research institute and foundation, we tune in, step up, and are a force for good - for our customers and the communities where we live, work, and play. United in our purpose, we help people create the financial freedom to live life on their terms.

What We Do

Transamerica is organized into three distinct businesses. These include 1) World Financial Group, including Transamerica Financial Advisors, 2) Protection Solutions and Savings & Investments, comprised of life insurance, annuities, employee benefits, retirement plans, and Transamerica Investment Solutions, and 3) Financial Assets, which includes legacy blocks of long term care, universal life, and variable and fixed annuities. These are supported by Transamerica Corporate, which includes Finance, People and Places, General Counsel, Risk, Internal Audit, Strategy and Development, and Corporate Affairs, which covers Communications, Brand, and Government and Policy Affairs.

Transamerica employs nearly 7,000 people. It's part of Aegon, an integrated, diversified, international financial services group serving approximately 23.9 million customers worldwide.* For more information, visit transamerica.com.

Job Description Summary

Manage and support the selection, onboarding, and ongoing oversight of third-party asset managers, with a primarily focus on Direct Lending and other Private Credit strategies. Lead and/or support key investment activities such as portfolio construction, risk monitoring, and day-to-day portfolio management to ensure alignment with objectives, risk parameters, and performance expectations.

Job Description

Responsibilities

  • Manage the selection, diligence, onboarding, and ongoing oversight of third-party asset managers.
  • Assist with due diligence of individual investment opportunities and new investment strategies, including underwriting, documentation review, and committee presentations.
  • Support the development and implementation of investment and risk management strategies, portfolio optimizations, and portfolio construction.
  • Monitor mandates, managers, deployment, guidelines, compliance, risk, and performance for the Private Credit portfolio.
  • Maintain market intelligence on Private Credit asset classes, trends, and relative value.
  • Lead reporting and portfolio management tools, evaluate and onboard new technologies.
  • Partner with internal and external stakeholders to lead strategic initiatives focused on delivering superior investment results and maximizing value creation.

Qualifications

  • Bachelor's degree in Finance, Economics, Accounting, or a related field
  • Eight years of progressive experience investing in Private Credit asset classes
  • Experience conducting investment and operational due diligence on asset managers and identifying best practices across a range of strategies and instruments
  • Demonstrated ability to due diligence new investment opportunities by leveraging deep knowledge of private markets, asset managers, asset classes, and investment frameworks within life insurance organizations.
  • Knowledge of insurance investment concepts, regulatory frameworks, and risk-based capital requirements
  • Advanced Excel skills for sourcing, managing, and analyzing data for ad hoc requests, formal projects, and reporting
  • Proficiency in PowerPoint, including preparation of executive-ready presentations
  • Strong written and verbal communication

Preferred Qualifications

  • Experience managing a large General Account portfolios
  • Experience using agentic AI to improve or expand investment capabilities
  • Experience using and creating Microsoft Power BI dashboards

Working Conditions

  • Office Environment
  • Moderate Travel 10 to 25%
  • Moderate travel for internal meetings

The Salary for this position generally ranges between$165,000 - $210,000 annually.Please note that the salary range is a good faith estimate for this position and actual starting pay is determined by several factors includingqualifications, experience, geography, work location designation (in-office, hybrid, remote) and operational needs. Salary may vary above and below the stated amounts, as permitted by applicable law.

Additionally, this position is typically eligible for an Annual Bonus based on the Company Bonus Plan/Individual Performance and is at the Company's discretion

What We Offer

For eligible employees, we offer a comprehensive benefits package designed to support both the personal and financial well-being of our employees.

Compensation Benefits

  • Competitive Pay

  • Bonus for Eligible Employees

Benefits Package

  • Pension Plan

  • 401k Match

  • Employee Stock Purchase Plan

  • Tuition Reimbursement

  • Disability Insurance

  • Medical Insurance

  • Dental Insurance

  • Vision Insurance

  • Employee Discounts

  • Career Training & Development Opportunities

Health and Work/Life Balance Benefits

  • Paid Time Off starting at 160 hours annually for employees in their first year of service.

  • Ten (10) paid holidays per year (typically mirroring the New York Stock Exchange (NYSE) holidays).

  • Be Well Company holistic wellness program, which includes Wellness Coaching and Reward Dollars

  • Parental Leave - fifteen (15) days of paid parental leave per calendar year to eligible employees with at least one year of service at the time of birth, placement of an adopted child, or placement of a foster care child.

  • Adoption Assistance

  • Employee Assistance Program

  • Back-Up Care Program

  • PTO for Volunteer Hours

  • Employee Matching Gifts Program

  • Employee Resource Groups

  • Inclusion and Diversity Programs

  • Employee Recognition Program

  • Referral Bonus Programs

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We're thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women.

To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs. This includes our company-sponsored, employee-driven Employee Resource Groups (ERGs), which are formed around a shared interest or a common characteristic of diversity. ERGs are open to all employees. They provide a supportive environment to help us better appreciate our similarities and differences and understand how they benefit us all.

Giving Back

We believe our responsibilities extend beyond our corporate walls. That's why we created the Aegon Transamerica Foundation in 1994. Through a mix of financial grants and the volunteer efforts of our employees, the foundation supports nonprofit organizations focused on the things that matter most to our people in the communities where we live and work.

Transamerica's Parent Company

Aegon acquired the Transamerica business in 1999. Since its start in 1844, Aegon has grown into an international company serving more than 23.9 million people across the globe.* It offers investment, protection, and retirement solutions, always with a clear purpose: Helping people live their best lives. As a leading global investor and employer, the company seeks to have a positive impact by addressing critical environmental and societal issues, with a focus on climate change and inclusion and diversity.

* As of December 31, 2023

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