Restructuring & Special Sits IB - Associate/VP

Breakpoint Partners; New York (NY); Hybrid; USD 180,000 - 320,000; Full time

Job summary

Breakpoint Partners is seeking a full-time Investment Banking (Restructuring) professional for the NY tri-state area or Florida with flexible remote options. You will advise on complex distressed and special situations transactions, including Chapter 11, out-of-court exchanges, and recapitalizations, sitting in a high-impact restructuring practice.

The role demands advanced modeling, due diligence, and valuation skills, plus clear communication with boards, creditors, and management teams.

Qualifications

• Demonstrated in- and out-of-court restructuring experience, including Chapter 11 processes, out-of-court exchanges, liability management transactions, and distressed M&A
• Advanced financial modeling skills, including three-statement, waterfall/recovery, liquidation, and cash flow / liquidity models built from scratch under time pressure
• Deep proficiency in distressed debt and credit analysis — capital structure analysis, debt capacity, fulcrum security identification, and creditor recovery analysis
• Experience conducting financial and operational due diligence on distressed or complex transactions, including data room management and management diligence sessions
• Strong grounding in corporate finance, valuation (DCF, comparable companies, precedent transactions), and capital markets fundamentals
• Prior experience in Investment Banking (restructuring, M&A, or leveraged finance groups), turnaround/restructuring advisory, or a related distressed investing seat
• Ability to synthesize complex financial and legal information into clear, decision-ready materials for senior bankers, company management, and creditor/debtor counsel
• Exceptional written and verbal communication skills; comfort operating in high-pressure, deadline-driven, multi-workstream deal environments
• Strong project management skills, with the ability to manage multiple deal teams and external advisors (legal counsel, FTI/AlixPartners-type financial advisors) simultaneously
• Advanced proficiency in Excel and PowerPoint; familiarity with Capital IQ, PitchBook, or similar financial data platforms
• Bachelor's degree in Finance, Accounting, Economics, or a related field with a strong academic record; CFA, CPA, or progress toward either is a plus
• Demonstrated interest in restructuring, distressed investing, and special situations

Responsibilities

• Building and maintaining detailed financial models — including three-statement operating models, debt capacity and capital structure analyses, recovery/waterfall models, and 13-week cash flow / liquidity models — to support client decision-making under time-sensitive conditions
• Conducting financial and operational due diligence on distressed companies, including analyzing historical financials, management projections, and capital structure documents (credit agreements, indentures, intercreditor agreements) to identify key deal issues
• Performing valuation analyses (DCF, comparable companies, precedent transactions, liquidation analysis) to support enterprise valuation, fulcrum security identification, and recovery scenarios
• Preparing high-quality presentation materials, including board decks, creditor/debtor committee presentations, information memoranda, and pitch materials for new business development
• Supporting senior bankers in executing live restructuring, recapitalization, M&A, and capital raise transactions — coordinating with legal counsel, financial advisors, and other deal parties across multiple concurrent workstreams
• Assisting in the negotiation process by preparing supporting analyses (e.g., recovery comparisons across proposed term sheets) used directly in creditor and stakeholder negotiations
• Monitoring an active pipeline of distressed credits and situations, and contributing to internal deal screening and business development efforts
• Managing and mentoring junior team members (analysts) on modeling, diligence, and materials preparation, while ensuring accuracy and quality control under tight deadlines
• Interfacing directly with client management teams, company boards, and other advisors as a representative of the firm on live engagements

Skills

Restructuring

Financial modeling

Communication

Project management

Client-facing

Education

Bachelor's degree in Finance/Accounting/Economics

Tools

Capital IQ

PitchBook

Excel

PowerPoint

Job description

A role at Breakpoint offers a rare opportunity to join a firm at an inflection point, working side-by-side with a small, high-caliber group of partners who have built their careers at Blackstone and in senior Fortune 500 operating roles (including as CEO / Chief Restructuring Officer). You're invited to apply if you're ambitious, entrepreneurial, and want to get more client exposure than the traditional banking model allows. These roles offer the flexibility to work in a hybrid environment.

Note: Breakpoint is currently hiring across multiple roles, with the following experience requirements:

• Associate: 3-5 years relevant experience
• VP: 5+ years relevant experience

Company Description

Breakpoint Partners is a strategic advisory firm specializing in guiding companies through complex transactions, capital structure challenges, and transformative changes. With decades of experience in high-stakes restructurings, turnarounds, and stabilizing distressed companies, the firm is trusted by boards, CEOs, investors, and lenders. Its services include balance sheet restructurings, mergers and acquisitions, operational turnarounds, debt and equity capital raises, and contingency planning. Breakpoint Partners is currently involved in several high-profile mandates and is looking to expand its team to fuel continued growth.

Role Description & Responsibilities

This is a full-time Investment Banking (Restructuring) role, based in the NY tri-state area or Florida, with regular flexibility to work remotely.

The candidate will sit within a specialized restructuring practice advising companies, creditors, and other stakeholders on complex, distressed, and special situations transactions — both in-court (Chapter 11) and out-of-court (exchange offers, amend-and-extend transactions, out-of-court recapitalizations, distressed asset sales, and consensual restructurings).

Core Responsibilities:

• Building and maintaining detailed financial models — including three-statement operating models, debt capacity and capital structure analyses, recovery/waterfall models, and 13-week cash flow / liquidity models — to support client decision-making under time-sensitive conditions
• Conducting financial and operational due diligence on distressed companies, including analyzing historical financials, management projections, and capital structure documents (credit agreements, indentures, intercreditor agreements) to identify key deal issues
• Performing valuation analyses (DCF, comparable companies, precedent transactions, liquidation analysis) to support enterprise valuation, fulcrum security identification, and recovery scenarios
• Preparing high-quality presentation materials, including board decks, creditor/debtor committee presentations, information memoranda, and pitch materials for new business development
• Supporting senior bankers in executing live restructuring, recapitalization, M&A, and capital raise transactions — coordinating with legal counsel, financial advisors, and other deal parties across multiple concurrent workstreams
• Assisting in the negotiation process by preparing supporting analyses (e.g., recovery comparisons across proposed term sheets) used directly in creditor and stakeholder negotiations
• Monitoring an active pipeline of distressed credits and situations, and contributing to internal deal screening and business development efforts
• Managing and mentoring junior team members (analysts) on modeling, diligence, and materials preparation, while ensuring accuracy and quality control under tight deadlines
• Interfacing directly with client management teams, company boards, and other advisors as a representative of the firm on live engagements

The role offers direct, high-responsibility exposure to live restructuring and special situations mandates, with a clear path toward increasing deal leadership and client-facing responsibility.

Qualifications

• Demonstrated in- and out-of-court restructuring experience, including Chapter 11 processes, out-of-court exchanges, liability management transactions, and distressed M&A
• Advanced financial modeling skills, including three-statement, waterfall/recovery, liquidation, and cash flow / liquidity models built from scratch under time pressure
• Deep proficiency in distressed debt and credit analysis — capital structure analysis, debt capacity, fulcrum security identification, and creditor recovery analysis
• Experience conducting financial and operational due diligence on distressed or complex transactions, including data room management and management diligence sessions
• Strong grounding in corporate finance, valuation (DCF, comparable companies, precedent transactions), and capital markets fundamentals
• Prior experience in Investment Banking (restructuring, M&A, or leveraged finance groups), turnaround/restructuring advisory, or a related distressed investing seat (credit hedge fund, special situations, or distressed PE)
• Ability to synthesize complex financial and legal information into clear, decision-ready materials for senior bankers, company management, and creditor/debtor counsel
• Exceptional written and verbal communication skills; comfort operating in high-pressure, deadline-driven, multi-workstream deal environments
• Strong project management skills, with the ability to manage multiple deal teams and external advisors (legal counsel, FTI/AlixPartners-type financial advisors) simultaneously
• Advanced proficiency in Excel and PowerPoint; familiarity with Capital IQ, PitchBook, or similar financial data platforms
• Bachelor's degree in Finance, Accounting, Economics, or a related field with a strong academic record; CFA, CPA, or progress toward either is a plus
• Demonstrated interest in restructuring, distressed investing, and special situations