Restructuring and Workout Associate, Credit Fund
Our client, an established multi-billion dollar credit fund in NYC, seeks a senior-level Associate to help manage their funds’ stressed and distressed loan positions. The fund invests in below-investment grade corporate credit for their CLO and separately managed account strategies. The Associate will collaborate closely with the sector analysts to develop strategies for restructuring and working out troubled positions. The Associate will provide fundamental credit analyses of existing investments and detailed review of credit and legal documents. The Associate will put together investment committee memos and restructuring/workout strategies. The Associate will participate in restructuring negotiations for in and out of court proceedings and develop exit strategies.
The strongest candidates have 3-6 years of total work experience. Backgrounds may include bank workout, investment banking restructuring advisory, or distressed hedge fund/private debt investing. While an MBA is not required, the fund will consider 2019 and 2020 MBA graduates with relevant prior experience. Candidates should have strong modeling, valuation and credit skills, as well as the ability to analyze and develop creative restructuring solutions. The role requires understanding of bankruptcy, restructuring and litigation concepts, as well as strong knowledge of capital structures and inter-creditor issues. Candidates must have strong communication skills and organizational management skills. The team looks for an affable personality with a collaborative approach to work. This is a career track role with opportunity for advancement. This fund has a strong commitment to building a diverse team. We encourage women and diversity candidates to apply. Qualified candidates may forward a resume to our website. All inquiries will be treated confidentially.
Please note: You only need to submit your resume once. You will be considered for all open positions. Do not submit your resume to other jobs after submitting once.