Special Assets, Associate

Responsibilities

• Help manage a portfolio of stressed and underperforming credits, including owned portfolio companies, by tracking performance, key risks, and next-step action plans
• Re-underwrite actionable credits with a focus on liquidity, drivers of underperformance, corrective measures, and prospects for recovery
• Build and maintain financial analyses and models to evaluate restructuring, amendment, waiver, and recovery alternatives (including scenario and downside cases)
• Support the development and execution of strategies to maximize recoveries, including performance improvement and value creation initiatives for owned portfolio companies
• Participate in negotiations with key constituencies (financial sponsors, management teams, bank group members, and other lenders across the capital structure) to advance restructuring and documentation outcomes
• Draft and coordinate restructuring, amendment, and waiver materials (including internal memos and periodic portfolio updates) for deal teams and investment committee review
• Contribute to deal team discussions and investment committee presentations by synthesizing key credit issues, options, and recommended paths forward
• Provide analytical and process support to senior team members as needed, including ad hoc diligence requests and cross-team initiatives

Qualifications

• Bachelor's degree, preferably in Finance, Accounting or related financial discipline with an outstanding record of academic achievement
• 2–5 years of relevant experience in credit workouts/restructuring, leveraged finance, direct lending, private credit, or investment banking with demonstrable distressed/stressed credit exposure
• Excellent written and verbal communication skills, with the ability to synthesize complex situations into clear memos, updates, and presentation materials
• Strong analytical skills and sound judgment; able to prioritize, self-direct, and drive workstreams forward in fast-moving situations
• Collaborative, detail-oriented, and proactive in identifying issues and driving practical solutions
• Strong accounting and corporate finance fundamentals; advanced Excel modeling skills (liquidity analysis, scenario/downside cases, recovery and debt waterfall analysis)
• Experience reviewing and/or building short-term liquidity forecasts (e.g., 13-week cash flow) and monitoring covenant compliance is a plus

Pay

The base annual salary range for this New York-based position will be $125,000 to $175,000. Actual salary offered will be based on the candidate’s skill, experience, and qualification for the role.

Benefits

• Health, Dental and Vision insurance
• 401(k)
• Healthcare and Dependent Care Flexible Spending Account
• Short Term Disability insurance
• Long Term Disability Insurance
• Family Planning Support
• Paid Time Off
• Leave of Absences