Asset Based Finance Associate

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

Benefits offered by this job

Health insurance

401(k) plan

Paid public holidays

Job summary

Sixth Street in New York is seeking an Associate for its Asset Based Finance team. The role involves analyzing, underwriting, and executing structured finance transactions across various asset classes. Ideal candidates will possess 2-4 years in investment banking or finance, with strong analytical and modeling skills.

The base salary for this position ranges from $150,000 to $200,000, complemented by an annual bonus and competitive benefits, including health insurance and a 401(k) plan.

Qualifications

• Experience assessing non-economic and legal documentation risks.
• Strong problem-solving skills and attention to detail.
• Ability to multi-task in a high-volume environment.

Responsibilities

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

Skills

Modeling skills

Commercial orientation

Team orientation

Interpersonal skills

Analytical skills

Education

2-4 years of finance or investment banking experience

Prior buyside experience or securitization investment banking

Tools

Excel

Intex

SQL

Job description

About Sixth Street Asset Based Finance

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 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.
• Assess non‑economic and 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.
• Strategic and entrepreneurial mindset.
• 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/SQL 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.

Equal Opportunity Employment

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.

If you need a reasonable accommodation to fill out this application, please contact Cindy Bombara.