Investment Banking - M&A Private Capital Advisory - Structuring Associate

Next Frontier Capital; New York (NY); On-site; USD 130,000 - 180,000; Full time

Benefits offered by this job

Competitive total rewards package

Health care coverage

On-site wellness and retirement plans

Job summary

JPMorgan Chase & Co. is seeking a highly motivated Associate for its North American Private Capital Advisory team.

The role focuses on advising clients on non-control partnerships such as minority stakes and joint ventures, across sectors and regions, coordinating multi-team efforts and managing complex structuring and negotiations. You will work closely with clients and investors, lead structuring workstreams, and coordinate process from launch to signing, building a track record of innovative,

Qualifications

• Prior work experience in an investment banking front office role (e.g., structured M&A, structured finance, project finance)
• Experience designing and negotiating bespoke transaction structures – setting economic terms and governance
• Interest in private capital, minority M&A, and structured transactions with governance considerations

Responsibilities

• Collaborate with industry teams to analyze optimal transaction structures and financial models for non-control deals
• Identify suitable investor universe and conduct outreach with potential partners
• Lead structuring workstreams on live mandates, negotiating terms across non-control structures
• Assess risk/return dynamics as structures are flexed and articulate trade-offs
• Prepare transaction marketing materials and term sheets; manage end-to-end process from launch to signing
• Serve as primary day-to-day client contact and lead banker on deals
• Coordinate with internal and external parties (lawyers, accountants) during transactions
• Evaluate investor proposals and governance provisions; support negotiations
• Present materials to JPMorgan clients with industry/product teams

Skills

Front-office IB experience

Structuring bespoke deals

Private capital / private equity

Cross-sector exposure

Corporate finance fundamentals

IRR and leverage knowledge

Cash flow modeling

Investor communications

Leadership & mentoring

Strong written/verbal communication

Job description

Job Summary

We are seeking a highly motivated Associate to join our North American Private Capital Advisory team. The Private Capital Advisory team sits within M&A and is part of the global Private Capital Advisory & Solutions team. The team advises clients on non-control private capital partnerships, be it minority stake sales or Joint Ventures, for a variety of purposes, including M&A, growth/capex, shareholder monetization, balance sheet equitizations, refinancings, and other corporate objectives. The team works closely with sector, and other coverage and product teams within the bank. The client universe includes large corporates, sponsor-owned companies, and entrepreneur-led / family businesses entering private transactions, including as an alternative to the public market. The team manages bespoke M&A-style processes and works across a variety of capital partners, including private equity funds, sovereign wealth funds, alternative and credit investors, pension funds and insurance companies, family offices, and other institutional investors. Private investors are increasingly seeking opportunities to deploy solutions-focused capital and form long-term partnerships with corporates and entrepreneurs. You will get exposure to all sectors, regions, and types of transactions across the capital structure, from common equity transactions to more structured deals, depending on client requirements.

Job Responsibilities

• Work with clients in tandem with industry teams to analyze the optimal transaction structure and financial modelling for a potential transaction, with particular focus on bespoke non-control structures
• Analyze the most suitable investor universe for each transaction and speak to investors as part of the outreach process, whether for bilateral partnerships or broader partner identification, as well as on an ongoing basis
• Lead the structuring workstream on live mandates and potential transactions, including designing and negotiating terms across various non-control structures (e.g., structured minority equity, preferred equity, forward-starting lease)
• Evaluate how risk and return dynamics shift as structural variables are flexed — including IRR caps, call schedules, distribution priorities, leverage, tenor, and downside protections — to identify the most appropriate structure for each situation, partnering on the underlying quantitative output
• Support the preparation of transaction marketing and process materials, including term sheets
• Coordinate process from launch to signing, in close cooperation with other internal teams, including investor outreach, active communication with investors / company management, and overall transaction management
• Act as the primary day-to-day client point of contact and lead banker on deals
• Liaise with other internal and external parties on transactions, including lawyers and accountants
• Analyze proposals received from investors, including comparisons of key structural terms and their impact on investor returns, as well as key governance provisions. Support final negotiations for transactions
• Support the preparation of materials to present to J.P. Morgan clients, in partnership with industry or other product teams
• Given the team's high deal flow and flat hierarchical structure, you should expect exposure to a wide range of responsibilities and workstreams, with frequent opportunities to step up and assume greater ownership
• Support client negotiations, Q&A processes, and management interviews with clear articulation of pricing and structural trade-offs backed by disciplined analysis
• Act as a leader and mentor to junior team members, fostering a culture of collaboration, creativity, and continuous improvement
• At all times, be able to discuss industry trends, market developments, and regulatory changes with clients and team members

Required Qualifications, Capabilities, and Skills

• Prior work experience in an investment banking front office role, such as structured M&A, structured finance, project finance, or illiquid markets structuring role
• Demonstrated experience in designing and negotiating bespoke transaction structures – selecting instruments, setting economic terms, and shaping governance and downside protections
• Keen interest in private capital, minority M&A, and structured transactions. Interest in how minority and JV transactions work, including shareholder and governance agreements
• Desire to work across sectors and have exposure to different types of transactions
• Strong corporate finance proficiency, with a solid understanding of cash flow dynamics, risk allocations, capital structures, and how structural features drive investor returns. The role will require flexibility to work across the capital spectrum and be exposed to new and creative structures
• Familiarity with key structural levers such as IRR caps, call schedules, distribution waterfalls, leverage, tenor, and downside protections, and the ability to articulate trade-offs between them
• Experience evaluating and structuring cash flows across structured products (e.g., structured credit, asset-backed and project-finance cash flows, and long-dated, illiquid credit-like instruments), including cash flows with embedded optionality (e.g., prepayment, call, extension, and default-timing features)
• Ability to engage in client and investor communications and take ownership across the transaction lifecycle
• Ability to show initiative and support across several transactions in parallel, managing time appropriately across competing demands
• Experience training junior bankers, with proven leadership skills and the ability to inspire and develop junior team members
• Exceptional written and verbal communication skills, with the ability to communicate concepts and ideas concisely and defend their validity
• Ability to perform under pressure and meet tight deadlines, with a track record of delivering innovative, analytically grounded solutions
• High ownership mindset with the ability to manage workstreams independently and assume a high level of responsibility

JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

J.P. Morgan's Commercial & Investment Bank is a global leader across banking, markets, securities services and payments. Corporations, governments and institutions throughout the world entrust us with their business in more than 100 countries. The Commercial & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world. We are seeking a highly motivated Associate to join our North American Private Capital Advisory team.