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Head of Investment Iberia
Madrid, SpainJob Description
Job Purpose
We are seeking a Head of Pricing – Iberia to lead all pricing, valuation and underwriting activities for unsecured and secured NPL transactions across Spain and Portugal. This role is critical to ensuring Cabot’s market competitiveness, disciplined investment decisions, and strong portfolio performance.
The successful candidate will lead the Iberia Pricing function, own the underwriting approach for all Iberian transactions, enhance the sophistication of our pricing models and valuation methodologies, and drive interactions with Group, Commercial, Data, Operations, Finance, Legal, and external market participants such as brokers and sellers (banks and other financial entities).
The role is highly analytical, hands‑on, and commercially strategic. It requires strong valuation expertise, fluency in NPL portfolio economics, and the ability to communicate complex investment cases clearly to senior stakeholders perfectly understanding investment appetite and returns requirements.
Key Accountabilities & Responsibilities
Leadership & Functional Ownership
- Lead the Iberia Pricing team, ensuring high‑quality underwriting, modelling accuracy, and consistency with Group governance and methodologies.
- Manage workload, coaching, and development of Pricing Analysts in Iberia.
- Oversee all Iberian portfolio pricing processes end‑to‑end, from initial data receipt to final binding offer and transaction closing.
Investment Evaluation & Underwriting
- Own the valuation models and investment theses for all Iberia portfolios (unsecured, insolvency, SMEs, etc).
- Drive improvements to pricing models and curve methodologies, ensuring accuracy and competitiveness.
- Perform detailed statistical analysis, macro‑scenario testing, sensitivity analysis, and performance benchmarking.
- Ensure alignment with Group global pricing frameworks and performance improvement plans.
- Document all pricing decisions in line with Group governance standards, including expected return data.
Cross‑Functional Engagement
- Collaborate daily with Data Engineering, Decision Science, Commercial, Operations, Strategy and Finance during underwriting and post‑acquisition monitoring.
- Engage with international pricing teams to align methodologies and share best practices.
- Lead communication with external sellers, advisors, and servicers to gather market insight and validate assumptions.
Portfolio Performance & Deployment
- Oversee the first‑year performance of newly acquired portfolios, ensuring deviations from forecast are identified and addressed.
- Provide concise, data‑driven updates to senior management on risks, opportunities, and expected returns.
- Support Investment Committee materials and present underwriting recommendations when needed.
Model Governance, Controls & Development
- Maintain rigorous model versioning, documentation, and governance in line with Group requirements.
- Support enhancements to Python/SQL‑based pricing tools, data ingestion processes, and forecasting engines.
- Ensure high attention to detail and accuracy in all deliverables — even under pressure.
Key Working Relationships
Internal
- Group Data & Analytics
- Decision Science and Data Engineering teams
- Iberia Commercial team and Market Leads
- Operations (Servicing teams across Spain & Portugal)
- Finance, Risk, Legal, Compliance, Strategy
- Group Pricing and international Pricing teams (France and UK primarily)
External
- Sellers, brokers, and investment banks
- External servicers and market data providers
- Advisors supporting transaction execution
Formal Education & Certification
- Master’s degree in Engineering, Finance, Mathematics, Economics, or other numerically rigorous field (Engineering preferred).
- CFA Level I (minimum) required; CFA Level II/III a plus.
- Additional qualifications in data science or financial modelling are beneficial.
- Fluency in English is mandatory.
Knowledge & Experience
- 5+ years of experience in NPL pricing, valuation, investment analysis, structured finance, consulting, or portfolio management.
- Proven expertise in NPL underwriting, forecasting, and portfolio evaluation frameworks.
- Strong command of DCF modelling, IRR analysis, cashflow waterfalls, and risk‑adjusted returns.
- High proficiency in Python and SQL for modelling, data manipulation, and automation.
- Strong Excel and financial modelling capability; PowerPoint for concise communication.
- Experience working in fast‑paced environments with tight deadlines, handling multiple transactions simultaneously without compromising high quality deliverables.
- Experience engaging with senior stakeholders and presenting investment cases.
Personal Attributes
- Excellent written and verbal communication skills; able to simplify complex technical content.
- High analytical capability with attention to detail and structured thinking.
- Strong ethical standards and ability to handle confidential information.
- Creative, strategic thinker who challenges the status quo.
- Collaborative and supportive team leader; committed to developing people.
- Strong resilience, adaptability, and drive for impact.
We are people helping people
At Cabot, we’re people helping people. Supporting customers, empowering colleagues, and making the effort to be invovled in the communities we work in.
Our Total Rewards Package for All Round Wellbeing
We understand the importance of the balance between work and life, between fun and professionalism, and between being a corporation and being a community. That’s why we provide compensation structures and benefit plans tailored to each of our global hubs, and then enhance them with a wide range of programs that support your personal and professional growth. It’s our way of showing you that we recognize your value, understand what’s important to you, and want to reward your contributions.
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Holistic Wellness
Colleague Wellness - We're focused on your wellbeing and that means supporting you across all elements of it. This comes from our company sponsored team building events, on site events to form bonds with colleagues, Mental Health First Aid support, Webinars, Employee Assistance Program and more!
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Healthcare
Healthcare - Take advantage of our healthcare options to help you stay well... Gym discounts, Eye Tests and discount offers on glasses, our Employee Assistance Programme and more.
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Perks
Perks - Our Colleague Discount Programme includes Transport, Retail discounts and much more.
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Career Path & Development
Career Progression comes from the fact we invest in our people's skills and ability. We support your individual development, offering regular training to ensure you have the best tools and knowledge for the job. We want to help you be ready for your next career move with us.
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Awards & Recognition
Awards & Recognition - We will always recognise our people's contribution to what we achieve every day. That might be an informal on the spot reward or thank you or part of the formal awards and recognition we run throughout the year such as star of the month and our global President's Club.
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Pay & Bonuses
Pay & Bonuses - Earn a competitive salary, with the opportunity to participate in fun team building incentives!
Our Values In Action
At Cabot, we care about making a meaningful impact on our people, our customers, and our communities. We believe diversity in all its forms brings different thinking styles and perspectives. That builds our creativity and ability to find a better way. It also enables us to understand the different communities that make up our society. The more we understand, the easier it is to deliver the right outcomes for our customers.
Inclusive Workplace
We are striving to be an inclusive and progressive organisation where everyone feels comfortable and enabled to be themselves at work. We value the diversity of thought that different backgrounds and cultures can bring as it makes us stronger. The more we understand each other, the easier it is to deliver the right outcomes for our consumers and to support each other. Prioritising inclusion and belonging improves collaboration and enhances people’s wellbeing; both of which are essential parts of supporting our colleagues, and in turn our business, to succeed.
Giving Back To Our Community
We give back by volunteering, and charity work, trying to make a positive impact on the communities, where we live and work and we are proud to do so.
Employee Resource Groups
Our Pride Network Programme is making an impact, with the number of members and allies continuing to build. The education and awareness they are providing will prove invaluable
Women at Encore and Allies is our resource group for female colleagues and their allies across Cabot. The group serves as a support system providing education, personal growth, information, and idea sharing
Black Employee Network (BEN) is an employee resource group dedicated to empowering Black colleagues and fostering a more inclusive workplace culture. The group aims to provide a supportive community for Black employees, promoting professional development and career advancement opportunities, and advocating for equity and equality within the organisation.
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