Analyst - Restructuring & Special Situations Group (New Business Research)

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors, and governments around the world. We offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. Through PJT Park Hill, we also provide private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds, and hedge funds. From the beginning, PJT Partners has firmly believed that having the best people is key to building an enduring franchise. Our perspective is that a great team brings in both top-tier clients and appeals to a wide range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients.

About the role

Our Restructuring and Special Situations Group (“RSSG”) advises both large and middle-market companies, financial sponsors, and creditor groups in financially distressed situations, both in Chapter 11 bankruptcy proceedings as well as out-of-court restructuring, capital raising, and strategic advisory transactions. In the last decade, the group has been involved in many of the largest and most high-profile reorganizations, including restructurings for PG&E, J Crew, iHeart, WeWork, Revlon, Intelsat, Saks Fifth Avenue, Del Monte, Tropicana, and Puerto Rico. Further underscoring the strength and stability of the PJT Partners platform, RSSG continues to be one of the top-ranked advisors in worldwide announced and completed restructuring transactions.

In a restructuring transaction, a wide range of strategic advisory services are provided, including advice on recapitalizations, reorganizations, exchange offers, and distressed mergers and acquisitions, raising debt and equity capital, and providing expert witness testimony on topics such as corporate valuations.

The New Business Research Analyst (“NBRA”) will report to the RSSG Partners and the Chief Operating Officer (“COO”) of RSSG. The Analyst will support all aspects of new business development and research and analysis of distressed company situations to identify and source potential new business opportunities.

Responsibilities

• Work with the Partners and COO to screen and identify companies/industries that are at risk or will become at risk of increased defaults.
• Proactively work with and present research and analysis to RSSG leadership in support of new business development efforts, including financial modeling work to analyze company cash flows and sector/industry analysis and research.
• Prepare company and industry/sector presentations for both internal and external use.
• Participate in business development efforts and meetings with hedge funds, private equity funds, and law firms.
• Assist RSSG deal teams with research and market data requests.
• Maintain internal databases and market statistics for use in marketing materials and presentations.
• Work with the Partners and COO on RSSG financial budget forecasting, quarterly reporting requirements, and other internal RSSG projects for quarterly management and board presentations.

Qualifications

• Bachelor’s degree with 1-3 years of financial services experience.
• Knowledge of the high-yield/distressed/leverage loan market, restructuring, and the credit markets broadly.
• Ability to build basic cash flow financial models and develop presentations.
• Hands-on experience using generative AI tools (ChatGPT, Claude, etc.) to support research and workflow efficiency.
• A self-starter with the ability to work effectively as part of a team.
• Strong work ethic and results-oriented mentality.
• Ability to work in a fast-paced, dynamic environment and handle multiple projects at a time.
• Excellent interpersonal and communication skills, both written and verbal.
• Proficiency in Microsoft Excel and PowerPoint.

Pay

Expected annualized base salary of $95,000 to $135,000. This range represents the low and high ends of the expected annualized base salary for this position. The specific base salary received by any employee will be informed by factors including role level and scope, location, and the candidate’s relevant qualifications, skills, and experience. Base salary is one component of PJT Partners’ compensation structure. Additional rewards, incentives, and benefits may include a discretionary bonus component.