Associate/Senior Associate - Private Credit Workouts

Selby Jennings; New York (NY); On-site; USD 80,000 - 120,000; Full time

Job summary

An established industry player is seeking a Senior Associate for its Private Credit Workouts team. This role involves managing a portfolio of distressed investments, primarily high-quality syndicated loans. The ideal candidate will possess strong analytical and financial modeling skills, alongside a solid educational background in finance or related fields. You'll work closely with experienced professionals to devise strategies for maximizing recoveries and minimizing losses, while preparing detailed analyses and restructuring proposals. If you have a passion for finance and a knack for problem-solving, this opportunity could be your next career step in a dynamic environment.

Qualifications

• 2-6 years of experience in finance, preferably with distressed experience.
• Formal credit training with experience analyzing stressed situations.

Responsibilities

• Manage a portfolio of the Firm's troubled investments.
• Develop plans to maximize recoveries and minimize losses.

Skills

Analytical Skills

Financial Modeling

Research Skills

Education

Bachelor's Degree in Finance

Bachelor's Degree in Accounting

Bachelor's Degree in Economics

Job description

Associate/Senior Associate - Private Credit Workouts

A market-leading, award-winning direct lender and experienced private credit manager is looking to add a Senior Associate, Workouts, to the Broadly Syndicated Loans Group in New York, NY. The Broadly Syndicated Loans Group ("BSL") curates well diversified portfolios of high quality syndicated senior secured loans. The Senior Associate will work directly with the Head of BSL Workouts. Responsibilities include managing a portfolio of the Firm's most troubled investments, primarily comprised of high quality syndicated senior secured loans, developing and implementing plans for maximizing recoveries and minimizing losses on the portfolio, and preparing, analyzing and modeling potential restructuring alternatives and developing analyses and what-if scenarios.

The ideal candidate will have the following qualifications:

• Bachelor's Degree, preferably with a major in Finance, Accounting, Economics or related financial discipline with an outstanding record of academic achievement
• 2-6 years of experience in a finance function, preferably with distressed experience either within an investment bank's restructuring group or within a buyside investment team
• Formal credit training with experience analyzing stressed and distressed situations
• Strong analytical, financial modeling and research skills

Responsibilities:

• Managing a portfolio of the Firm's most troubled investments, primarily comprised of high quality syndicated senior secured loans
• Developing and implementing plans for maximizing recoveries and minimizing losses on the portfolio
• Preparing, analyzing and modeling potential restructuring alternatives and developing analyses and what-if scenarios
• Preparing restructuring / amendment / waiver requests along with other written updates on portfolio accounts

If you meet the qualifications, please apply now!

Seniority level

Mid-Senior level

Employment type

Full-time

Job function

Finance