Senior Director, Special Assets

About the role

We are seeking a Senior Director, Special Assets to lead workout and resolution on a concentrated portfolio of impaired credits. This is a hands-on senior workout role - not a monitoring or oversight seat. The Senior Director will personally own resolution strategy on 3–5 credits at any given time, negotiate directly with borrowers and sponsors, direct outside counsel on enforcement actions, and work the firm out of impaired positions. The role reports directly to two senior principals in Credit and is a key extension of the Investment Committee on impaired credits. We are looking for a real workout banker. Someone who has personally made the loans, sat in the workout seat, and worked a bank or fund out of distressed credits. This role demands an edge - comfort with adversarial dynamics, command of legal documents and creditor rights, and the willingness to push borrowers and sponsors to the right outcome.

What You'll Do

• Own resolution of 3–5 active credits at any given time across senior secured, unitranche, and second-lien positions in middle-market portfolio companies
• Develop credit-level resolution plans - base case, downside case, and enforcement path
• Lead negotiations directly with sponsors, borrowers, and their counsel on amendments, forbearances, equity cures, sponsor support, principal pay-downs, and discounted payoffs
• Direct outside counsel on enforcement actions including UCC Article 9 foreclosure, mortgage foreclosure, assignment of rents, receivership, asset repossession and sales, and note sale
• Structure and document loan amendments, forbearance agreements, standstill agreements, intercreditor agreements, and discounted payoff terms
• Manage Chapter 11 creditor work — proofs of claim, plan review, adequate protection, lift-stay motions, creditors' committee participation, and plan-of-reorganization negotiation
• Lead the firm's position in syndicated and club credits with co-lenders, agents, and steering committees
• Author detailed workout memoranda and defend credit recommendations before the Investment Committee
• Partner with Finance & Valuation on fair-value marks and reserve adequacy

What You'll Bring

• Required:
  • 12+ years of commercial credit experience, with a meaningful portion inside a workout / special assets group at a commercial bank, private credit fund, BDC, distressed platform, or specialty lender
  • Personal accountability for resolving distressed credits — making credit-level decisions, negotiating directly with borrowers and sponsors, directing counsel, and bringing credits to disposition
  • Hands-on experience with at least two of: receivership, note sale and assignment of rights
  • Deep working command of credit agreements, security agreements, intercreditor agreements, guarantees, and subordination agreements — able to read and challenge documents
  • Must have a strong working knowledge of UCC Article 9 foreclosure process, Chapter 11 Creditor Representation, creditor rights, and the practical mechanics of enforcement
  • Direct experience in Chapter 11 proceedings from a secured creditor perspective
  • Strong underwriting foundation with recovery modeling, scenario analysis, and independent views on enterprise and collateral value
  • Bachelor’s degree
• Strongly Preferred:
  • Experience inside a top-tier bank workout / special assets group, or inside a private credit fund / BDC / distressed platform workout function
  • Experience with sponsor-backed credits — leveraged loans, unitranche, second lien — including PIK toggles, intercreditor dynamics, and equity cure mechanics
  • Experience with multi-lender / agented credit workouts in a lead, agent, or steering committee capacity
  • Experience with note sale processes — buyer outreach, bid packages, PSA negotiation
  • MBA, JD, or CFA charter; JD particularly relevant
  • Formal bank credit training program (money-center bank credit program, RMA, Moody's)
  • CTP or CIRA designation; active engagement with TMA, ABI, or LSTA

Compensation

The exact salary will be determined based on the candidate's qualifications, experience, and performance during the selection process. Employees are eligible for an annual discretionary bonus and other economics. Total compensation may vary by role, location, department, and individual performance. The firm is 100% employee owned providing for material economic wealth creation opportunity.

Benefits

Star Mountain Capital is committed to a healthy and engaged workforce. Our benefits are constantly evolving to support our employees’ needs today and in the future. We offer a highly competitive medical, dental, and vision package. Select other benefits include: 50% coverage on monthly gym memberships, a cell phone stipend, tuition support of job-related designations and learning and development opportunities, and other bespoke benefits.

Contact Information

Please submit resume through LinkedIn. If we require any additional information, we will reach out directly.

Interview Process

Thank you for your interest in a role at Star Mountain Capital. Please note that due to the high volume of applications we receive, we may not be able to respond to each one individually. If your resume is a match for the role you’ve applied for or other potential opportunities, we will reach out to start the conversation. If you do not hear from us immediately, please understand that we are carefully reviewing all applications and will keep your resume on file for future opportunities that align with your experience and qualifications.