Analyst, Fixed Income – Distressed & Special Situations Strategy

Jefferies • New York, NY

6d • $100,000 - $120,000

About The Position

Jefferies is seeking a highly motivated Analyst to join its Fixed Income Division within the Distressed & Special Situations Strategy team. The Analyst will work closely with senior strategists, sales, trading, research, and banking professionals to identify, evaluate, and communicate investment opportunities across distressed debt, stressed credit, event-driven situations, restructuring opportunities, and special situations markets. The role combines rigorous financial analysis with market intelligence to support institutional investor clients seeking value in complex credit situations.

The Analyst is expected to cover distressed corporate bonds, leveraged loans, restructuring-related credit opportunities, liability management transactions, Chapter 11 and out-of-court restructurings, event- and catalyst-driven credit situations, special situations across investment-grade, high-yield, and leveraged finance markets, and relative-value opportunities within capital structures.

This is a full-time position. The listed salary range is $100,000–$120,000. The salary offered will take into consideration an individual’s experience and qualifications.

Requirements

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or a related discipline.
• 1–3 years of relevant experience in credit research, leveraged finance, restructuring, investment banking, distressed investing, or fixed income markets.
• Strong understanding of corporate credit, capital structures, debt instruments, and financial statement analysis.
• Experience building integrated financial models and valuation analyses.
• Advanced proficiency in Excel and PowerPoint.
• Familiarity with Bloomberg, FactSet, Capital IQ, or similar financial databases.
• Strong written and verbal communication skills.
• Ability to manage multiple projects in a fast-paced market environment.

Nice To Haves

• Knowledge of distressed debt investing, bankruptcy processes, and restructuring frameworks is highly preferred.

Responsibilities

• Conduct fundamental credit analysis on distressed and stressed corporate issuers across industries.
• Analyze capital structures, recovery values, and restructuring scenarios.
• Build and maintain financial models, valuation models, and liquidation and reorganization analyses.
• Monitor bankruptcy proceedings, liability management exercises, exchange offers, restructuring transactions, and other special situations.
• Generate actionable investment ideas across bonds, loans, trade claims, structured products, and related securities.
• Produce written research reports, market commentary, and thematic presentations for internal stakeholders and institutional clients.
• Track macroeconomic developments and industry trends affecting distressed and special situations investments.
• Support senior strategists in client meetings, marketing efforts, and investor communications.
• Collaborate with sales and trading teams to identify market technicals and trading opportunities.
• Use Bloomberg, Capital IQ, FactSet, court filings, and other market resources to gather and analyze data.
• Cover distressed corporate bonds, leveraged loans, restructuring-related credit opportunities, liability management transactions, Chapter 11 and out-of-court restructurings, event-driven and catalyst-driven credit situations, special situations across investment-grade, high-yield, and leveraged finance markets, and relative-value opportunities within capital structures.

Benefits

• Annual discretionary incentive and retention bonus
• Medical coverage
• Dental coverage
• Vision coverage
• 401(k)
• Life insurance
• Accident insurance
• Disability insurance
• Wellness programs
• Paid time off, including planned time off such as vacation and unplanned time off such as sick leave
• Paid holidays
• Paid parental leave for full-time employees

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level