Associate - Distressed Debt & Special Sits

Alexander Chapman; New York (NY); On-site; USD 100,000 - 150,000; Full time

Job summary

A leading NYC-based alternative investment platform is looking for an Associate to join its Distressed Credit & Special Situations team. This role demands 2–4 years of experience in related fields, strong analytical and modeling skills, and a passion for complex investment situations. Responsibilities include conducting credit analyses, building financial models, evaluating restructurings, and presenting actionable ideas to senior leadership. A great opportunity for career growth in a fast-paced environment.

Qualifications

• 2–4 years of experience in restructuring, distressed investing, or related fields.
• Genuine passion for contrarian and complex situations.
• Ability to operate in a fast-paced environment.

Responsibilities

• Conduct fundamental credit and equity analysis on distressed opportunities.
• Build and maintain financial models and recovery analyses.
• Evaluate restructurings and litigation-driven situations.
• Produce investment memos for the senior investment committee.
• Monitor existing investments and industry trends.

Skills

Strong modeling skills

Deep understanding of credit documents

Ability to dissect complex capital structures

Intellectual curiosity

Self-motivation

High attention to detail

Job description

Associate - Distressed Debt & Special Situations

A leading, NYC-based alternative investment platform is seeking an Associate to join its Distressed Credit & Special Situations team. This group invests across the capital structure in complex, event-driven, and idiosyncratic opportunities—including stressed/distressed credit, hard-catalyst special sits, dislocated public credit, and bespoke opportunistic situations.

This is a high-impact role with direct exposure to senior leadership, deep analytical work, and the ability to help shape new investments from day one.

Qualifications

• 2–4 years of experience in one of the following:
• Restructuring / RX banking
• Distressed or special situations investing (public or private)
• Opportunistic credit investing or similar research roles
• Strong modeling skills and a deep understanding of credit documents
• Ability to dissect complex capital structures and identify key value drivers
• Intellectual curiosity, self-motivation, and a genuine passion for contrarian/complex situations
• High attention to detail and the ability to operate in a lean, fast-moving environment

What You’ll Do

• Conduct fundamental credit and equity analysis on distressed, stressed, and event-driven opportunities
• Build and maintain financial models, waterfalls, recovery analyses, and scenario outcomes
• Evaluate restructurings, liability management transactions, litigation-driven situations, and special situations in public markets
• Support diligence across capital structure investments (loans, bonds, trade claims, structured / bespoke instruments)
• Produce investment memos and present actionable ideas to the senior investment committee
• Monitor existing investments and industry trends across cyclical and event-driven sectors

Seniority level

• Associate

Employment type

• Full-time

Job function

• Finance

Location: New York, United States

Referrals increase your chances of interviewing at Alexander Chapman by 2x