Direct Lending, Special Assets, Associate
Core
Managing stressed and underperforming credit investments, including owned portfolio companies, by re-underwriting credits, assessing liquidity, and evaluating restructuring alternatives.
Role type
Associate, Credit deal team (Special Assets)
Builds
Financial models, scenario analyses, and restructuring documentation for distressed credits
Domain
Private Credit / Distressed Debt / Special Assets
Deliverable
production ML models | product features | dashboards & analysis | research | client delivery | infrastructure | physical/clinical work -> research (credit analysis and restructuring strategies)
Required skills
Credit workout/restructuring, leveraged finance, direct lending, private credit, investment banking, financial modeling, liquidity analysis, covenant compliance monitoring, Excel modeling, corporate finance fundamentals
Preferred skills
Short-term liquidity forecasting (13-week cash flow), recovery and debt waterfall analysis
Technologies
Excel
Responsibilities
Re-underwrite actionable credits focusing on liquidity and drivers of underperformance; Build and maintain financial models to evaluate restructuring and recovery alternatives; Support value maximization strategies for owned portfolio companies; Participate in negotiations with financial sponsors and management teams; Draft restructuring and waiver materials for investment committee review; Synthesize complex credit issues into clear analyses and recommendations
Seniority
Associate, 2-5 years experience