Asset Based Finance Associate

Sixth Street; New York (NY); On-site; USD 150,000 - 200,000; Full time

Benefits offered by this job

Annual discretionary bonus

Health insurance

401(k) plan

Job summary

A global investment firm in New York is seeking a full-time Associate for its Asset Based Finance team. The role involves analyzing and underwriting structured finance transactions. Candidates should have strong modeling and analytical skills, with 2-4 years of relevant investment banking experience preferred. The compensation package includes a salary of $150,000 to $200,000, plus a discretionary bonus and competitive benefits. This position offers an opportunity to work with a collaborative and innovative team.

Qualifications

• Prior buyside experience or securitization investment banking preferred.
• Experience in underwriting and structuring loan pools is an asset.
• Strong sense of urgency and attention to detail required.

Responsibilities

• Conduct due diligence on investment opportunities.
• Analyze and underwrite potential investments.
• Assist in preparing investment committee and diligence memos.

Skills

Strong modeling skills

Team orientation

Analytical skills

Communication skills

Education

2-4 years of Finance or Investment Banking experience

Tools

Excel

Intex

VBA

Job description

Overview

Sixth Street, a leading global investment firm dedicated to developing innovative investment strategies and fostering growth across various stages of business, is seeking an Associate for its market leading Asset Based Finance team. The Sixth Street Asset Based Finance group is at the forefront of asset/platform investing and origination, working across diverse financial markets, including residential and commercial mortgages, consumer assets, commercial equipment, renewables and energy finance, infrastructure debt and transportation. The Asset Based Finance team is a critical strategic capital partner and investor to companies and management teams and a solutions provider at scale.

The Role

This is a full-time Investing Associate role based in New York. As an Associate on the Asset Based Finance team, you will be responsible for analyzing, underwriting, and executing structured finance transactions across asset classes.

Core Responsibilities

• Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
• Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments
• Assist in preparing investment committee memos, diligence memos, and other investment analyses
• Accountability – ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
• Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
• Monitor positions on an ongoing basis and perform quarterly valuations of investments
• Interface and negotiate with external counterparties

What We Value

• Highly self-motivated, entrepreneurial, and team-oriented candidates with strong modeling skills
• Commercial and Results Orientation
• Team orientation and influencing skills
• High Trust and Integrity
• Strong combination of organizational and interpersonal/communication skills
• Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred

Preferred

• 2-4 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
• Experience underwriting, structuring, and reviewing consumer, residential, and commercial whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
• Superior valuation, modeling, and Excel skills evaluating financial assets
• Strong accounting, finance, modeling, and problem-solving skills
• Keen interest in the financial markets and good commercial instincts
• Ability to multi-task and maintain composure in a high-volume environment
• Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
• Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
• Comfortable working in a high growth, iterative environment
• Intex, VBA, Collateral Analysis System (CAS), and Snowflake/Sequel proficiency is preferred but not mandatory

Compensation

The base salary for this position is expected to be between $150,000 and $200,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion.

In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval.

If a job offer is extended for a location other than New York, the salary range may differ based on the location.

About Sixth Street

Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth. Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams. We do this globally as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world. We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins.

Sixth Street is proud to be an Equal Opportunity employer. We do not discriminate based upon race, religion, color, national origin, genetic history, marital status, gender (including pregnancy, childbirth, or related medical conditions), sexual orientation, gender identity, gender expression, age, veteran or military status, disability, genetic predisposition, status as a victim of domestic violence, a sex offense or stalking, or any other class or status in accordance with applicable federal, state and local laws.

Pursuant to the San Francisco Fair Chance Ordinance, Sixth Street will consider for employment qualified applicants with arrest and conviction records.