Faculty fellow has secluded place (5)
I believe the answer is:
flair
'faculty' is the definition.
(both can mean talent)
'fellow has secluded place' is the wordplay.
'fellow' becomes 'F' (abbreviation - of a society etc.).
'has' says to put letters next to each other.
'secluded place' becomes 'lair' (an animal's hidden place).
'f'+'lair'='FLAIR'
(Other definitions for flair that I've seen before include "Style, talent" , "Natural talent or panache" , "Style, panache" , "Talent; elegance" , "?lan, dash" .)