Direct Lending Senior Associate

Selby Jennings; New York (NY); On-site; USD 90,000 - 140,000; Full time

Job summary

Selby Jennings is partnered with a global asset management firm to support its Private Credit team in New York or Chicago. The role involves evaluating new investment opportunities, performing rigorous credit analysis, and supporting the execution and monitoring of private credit investments.

The Associate or Senior Associate will lead underwriting for sponsor-backed direct lending, build complex financial models, and present investment memoranda to the Investment Committee while collaborating

Qualifications

• 3-6 years of relevant experience in leveraged finance or private credit.
• Strong financial modeling capabilities.
• Experience working on middle-market, sponsor-backed transactions is strongly preferred.
• Demonstrated ability to manage multiple deals simultaneously in a fast-paced environment.

Responsibilities

• Lead underwriting efforts for middle-market, sponsor-backed direct lending transactions.
• Perform detailed financial modeling, including LBO, cash flow, and scenarios.
• Conduct comprehensive due diligence including industry research and management meetings.
• Prepare and present investment memoranda and recommendations to the Investment Committee.
• Partner with private equity sponsors, management teams, and internal stakeholders.
• Assist with ongoing portfolio monitoring, including covenant compliance and valuation inputs.
• Contribute to enhancement of underwriting processes and best practices.

Skills

Financial modeling

Private credit

Analytical skills

Communication skills

Deal execution

Job description

We are partnered with a global asset management firm with approximately $250bn in AUM and a long-standing reputation for delivering exceptional investment outcomes for clients. The firm's Private Credit team manages roughly $4bn in AUM, focusing on middle-market, sponsor-backed direct lending.

As the platform continues to scale, the team is seeking an experienced Associate or Senior Associate to join its private credit team in their New York or Chicago office. This individual will play a key role in evaluating new investment opportunities, conducting rigorous credit analysis, and supporting the execution and monitoring of private credit investments.

Key Responsibilities

• Lead and support underwriting efforts for middle-market, sponsor-backed direct lending transactions.
• Perform detailed financial modeling, including leveraged buyout, cash flow, and downside scenario analyses.
• Conduct comprehensive due diligence, including industry research, competitive assessments, customer/supplier calls, and management meetings.
• Prepare and present investment memoranda and recommendations to the Investment Committee.
• Partner closely with private equity sponsors, management teams, and internal stakeholders throughout the deal process.
• Assist with ongoing portfolio monitoring, including covenant compliance, performance tracking, and valuation inputs.
• Contribute to the continuous enhancement of underwriting processes, frameworks, and best practices.

Qualifications

• 3-6 years of relevant experience in leveraged finance or private credit (preferably already in a direct lending role)
• Strong technical and analytical skill set, including advanced financial modeling capabilities.
• Experience working on middle-market, sponsor-backed transactions is strongly preferred.
• Demonstrated ability to manage multiple deals simultaneously in a fast-paced environment.
• Excellent communication skills, with the ability to craft clear, concise, and persuasive investment materials.
• Team-oriented mindset with strong attention to detail and intellectual curiosity.