A market-leading, award-winning direct lender and experienced private credit manager is looking to add a Senior Associate, Workouts, to the Broadly Syndicated Loans Group in New York, NY. The Broadly Syndicated Loans Group ("BSL") curates well diversified portfolios of high quality syndicated senior secured loans. The Senior Associate will work directly with the Head of BSL Workouts. Responsibilities include managing a portfolio of the Firm's most troubled investments, primarily comprised of high quality syndicated senior secured loans, developing and implementing plans for maximizing recoveries and minimizing losses on the portfolio, and preparing, analyzing and modeling potential restructuring alternatives and developing analyses and what-if scenarios.
The ideal candidate will have the following qualifications:
Bachelor's Degree, preferably with a major in Finance, Accounting, Economics or related financial discipline with an outstanding record of academic achievement
2-6 years of experience in a finance function, preferably with distressed experience either within an investment bank's restructuring group or within a buyside investment team
Formal credit training with experience analyzing stressed and distressed situations
Strong analytical, financial modeling and research skills
Responsibilities:
Managing a portfolio of the Firm's most troubled investments, primarily comprised of high quality syndicated senior secured loans
Developing and implementing plans for maximizing recoveries and minimizing losses on the portfolio
Preparing, analyzing and modeling potential restructuring alternatives and developing analyses and what-if scenarios
Preparing restructuring / amendment / waiver requests along with other written updates on portfolio accounts