Covenants Lawyer

Watershed Ventures; New York (NY); Hybrid; USD 230,000 - 300,000; Full time

Benefits offered by this job

Career growth opportunities

Flexible working model

Dynamic collaborative environment

Job summary

Watershed Ventures is seeking an experienced leveraged loans lawyer to join their Global Covenants team in New York, with the option to work fully remote. The role involves analyzing credit agreements and providing actionable insights to capital markets, alongside responsibilities in client engagement and industry representation.

Ideal candidates will have 6+ years in leveraged finance, exceptional legal skills, and a strong commercial acumen. Watershed offers a dynamic environment with opportunities for career growth, autonomy, and a flexible working model.

Qualifications

• 6+ years of experience in leveraged finance, especially leveraged loans/private debt.
• Ability to analyze complex documentation and uncover insights.
• Proven history of delivering high-quality legal analysis within deadlines.

Responsibilities

• Analyze credit agreements and provide actionable insights.
• Engage with market participants and represent the company at events.
• Collaborate with experts to produce industry-leading covenant analysis.

Skills

Legal technical skills

Commercial acumen

Communication skills

Multi-tasking ability

Education

Qualified to practice New York law

Job description

Role

Octus' lawyers deliver trusted real-time legal insights in the debt markets. Our Global Covenants team is looking for an experienced leveraged loans lawyer in New York (with the option to work fully remote).

If you are commercially astute, creative, and want freedom to grow your career, join our unique trifecta of financial analysts, journalists, and lawyers to provide best-in‑class credit intelligence around the world. You will be part of an adventurous, diverse, tech‑powered company with a rapid growth trajectory.

Key Responsibilities

• Analyze credit agreements, identifying key loopholes and novel provisions, to provide actionable insights to the primary and secondary capital markets.
• Break‑down complex documentation and summarize it clearly and concisely for a diverse audience across the buy‑side and the sell‑side.
• Answer questions from leveraged finance market participants on loan covenants and their implications in real‑world scenarios.
• Engage with market participants and build your profile through seminars, webinars and podcasts.
• Leverage Octus' industry‑leading databases to provide our subscribers a competitive edge.
• Collaborate closely with other Octus experts to produce industry leading covenant analysis, generate data‑backed trendlines, and develop Octus' products.
• Build and nurture relationships with Octus clients and industry contacts.
• Represent Octus at industry events and conferences, and in dealings with the press.

Requirements

• 6+ years of experience working in leveraged finance, with a focus on leveraged loans/private debt in a top law firm.
• Exceptional legal technical skills with a passion for diving deep into documentation and the ability to uncover insights that others may miss.
• Strong commercial acumen with a desire to provide clear, pragmatic and actionable legal analysis.
• The ability to multitask and work both independently and as a team player in a fast‑paced environment with people from varied professional backgrounds.
• A confident communicator, who writes in a clear and concise manner for the intended audience.
• A proven track record of delivering high quality analysis within deadlines.
• Qualified to practice New York law.

What we offer

• A unique opportunity to use your legal skills in an innovative and exciting way.
• A high (partner level) degree of responsibility, autonomy, and the opportunity to shape your role.
• A dynamic environment, working closely with a high caliber team of lawyers, financial analysts, and journalists.
• Opportunity for career growth and development within an agile, ever‑evolving global company.
• The opportunity to take initiative, be creative, and develop new content, products, and features that better serve our subscribers.
• Intellectually stimulating work within a collaborative and diverse environment.
• Work life balance and a fully flexible working model in which you decide when you want to work in the office and when you want to work remotely.
• Regular interaction with asset managers, hedge funds, law firms, investment banks, and others in the leveraged finance world.

The salary range estimate for this position is $230,000 - $300,000.

At Octus, we consider a range of factors in connection with compensation decisions, including experience, skills, location, and our business needs and limitations. As a result, compensation may vary within and across similar roles and positions. Please note that the salary range information below is a good faith estimate for this position and actual compensation for any individual may fall outside this range if warranted by the circumstances applicable to that individual. If we identify a role that would be suitable for a broader range of skills and experience such that we would consider hiring at multiple levels then the range listed below may reflect that breadth.

Equal Employment Opportunity

Octus is committed to providing equal employment opportunities to all employees and applicants for employment without regard to race, colour, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, marital status, pregnancy, veteran status, or any other legally protected status. We strive to create an inclusive and diverse work environment where all individuals are valued, respected, and treated fairly. We believe that diversity enriches our workplace and enhances our ability to innovate and succeed.