Private Credit Associate

Selby Jennings; New York (NY); On-site; USD 120,000 - 180,000; Full time

Job summary

Selby Jennings seeks a Private Credit Associate to join its Direct Lending team in New York, NY. The role covers underwriting, execution, and portfolio management within a lean deal team and broad mandate across sponsor and non-sponsored transactions.

The Associate will take on responsibilities across the full investment lifecycle, with direct exposure to senior leadership and a platform delivering flexible capital solutions to mid-market companies.

Qualifications

• Proven ability to build and interpret cash flow models for credit investments.
• Strong written communication for investment memos and presentations.
• Interest in direct lending and middle-market investing.
• Ability to thrive in a fast-paced deal-driven environment.

Responsibilities

• Underwrite and execute new direct lending investments across industries and transaction types.
• Build detailed LBO and cash flow models to assess credit risk and structuring decisions.
• Lead diligence processes including financial analysis, industry research, and management evaluation.
• Prepare investment memoranda and present findings to the investment committee.
• Support deal execution from initial screening through closing.
• Review and help negotiate term sheets and credit documentation with internal and external parties.
• Monitor portfolio investments and support ongoing portfolio management initiatives.

Skills

Financial modeling

Investment writing

Direct lending

Fast-paced

Deal exposure

Job description

A leading alternative investment manager with ~$15B AUM is seeking a Private Credit Associate to join its Direct Lending team in New York, NY. With a broad mandate across sponsor and non-sponsored transactions, the platform provides flexible capital solutions to lower middle‑market companies across industries while delivering attractive risk-adjusted returns for investors.

This role offers the opportunity to work within a well-established platform while maintaining exposure to a lean deal team structure. The position provides meaningful responsibility across the full investment lifecycle, direct interaction with senior leadership, and the ability to contribute to investment outcomes across a diverse portfolio of transactions.

The Associate will take on a broad set of responsibilities spanning underwriting, execution, and portfolio management.

Key Responsibilities:

• Underwrite and execute new direct lending investments across a variety of industries and transaction types
• Build detailed LBO and cash flow models to assess credit risk and support structuring decisions
• Lead diligence processes, including financial analysis, industry research, and management evaluation
• Prepare investment memoranda and present findings to the investment committee
• Support deal execution from initial screening through closing
• Review and help negotiate term sheets and credit documentation alongside internal stakeholders and external counsel
• Monitor portfolio investments and support ongoing portfolio management initiatives

Qualifications:

• 2-5+ years of relevant experience in investment banking, private credit, or principal investing
• Strong financial modeling and analytical skill set, with experience evaluating credit investments
• Clear, concise investment writing and communication abilities
• Demonstrated interest in direct lending and middle-market investing
• Ability to operate effectively in a fast-paced environment with meaningful deal exposure