Develop and maintain updated financial models and analyses, operating assessments, industry overviews, and market information to support both investment recommendations and portfolio management.
Develop proficiency with the legal elements of distressed debt investing and cultivate a firm grasp of reading and understanding credit documents (e.g., credit agreements, indentures, plans of reorganization).
Provide ongoing monitoring of holdings to identify changes in company fundamentals, industry conditions, or security valuations that may alter the investment thesis.
Present and debate investment recommendations with Credit Opportunities team and broader, global Leveraged Finance teams.
Compile regular reports for portfolio and risk management and assist in day-to-day portfolio tracking analysis and reporting.
Support global Leveraged Finance platform by performing analyses and diligence on stressed/distressed situations as needed.
Develop strong working relationships with global research teams (e.g., High Yield, Leveraged Loans, Emerging Markets, Investment Grade, Securitized Products).
Develop and maintain sell-side, buy-side, and advisory relationships (e.g., with outside financial, legal, and industry experts).
2+ years of distressed debt, high yield, or leveraged loan experience. Education and/or experience in the following: business valuation, financial statement analysis, securities analysis, law, and international finance (including emerging markets).
BA or MBA required. Typically requires a college or university degree or the equivalent work experience that provides knowledge and exposure to fundamental theories, principles and concepts.
CFA, or working to obtain designation preferable.
Strong reasoning and communication skills.
4+ years of aggregate professional experience, generally including investment banking, restructuring, and/or sell-side distressed.
Basic to intermediate understanding of; fixed income securities, understanding of distressed debt, restructuring, and bankruptcy law, understanding of credit documents, proficiency with Bloomberg and Capital IQ.
Intermediate to advanced understanding of financial statements and accounting.
Advanced proficiency with MS Office and financial modeling skills, including three-statement models, capital structure tables, comparable company tables, sensitivity tables, DCF analysis, LBO analysis, and enterprise value calculations.
Job and compensation levels depend upon an applicant’s qualifications including the extent of candidate’s relevant experience and other job-related factors and will be determined by hiring supervisors/managers and HR.