Credit Analyst/Associate, Private Debt

Audax Group • New York, NY

3d • $110,000 - $150,000

About The Position

Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital. For more information, visit the Audax Group website www.audaxgroup.com. or follow us on LinkedIn . Audax Senior Debt is a highly successful and very well-established investor in the U.S. middle market private debt industry. Audax Senior Debt has invested over $26 billion across more than 850 established U.S. middle market companies in support of over 240 private equity sponsors. Our primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process. POSITION SUMMARY: This position will focus on underwriting first lien senior secured loans as well as monitoring existing investments across all the Audax Senior Debt portfolios. The Credit Analyst will evaluate new private credit investments by performing thorough fundamental analysis to formulate a clear credit view and recommendation; manage and analyze the financial performance of the companies under management; present at regular portfolio review and watchlist meetings; periodically analyze incremental investment opportunities in both the primary and secondary markets; evaluate amendment requests; follow industry trends; maintain current view of credits under management, and become proficient with legal documentation over time. The analyst will enhance their credit skills across the investment process and will gain exposure to a wide range of industries.

Requirements

• Bachelor's degree required.
• 2-6 years investment banking, direct lending, structured credit, or similar experience.
• Experience in managing a portfolio of senior debt investments.
• Ability to manage and generate detailed reports and presentations tracking the activity of a sizeable private debt portfolio.
• Ability to develop and utilize complex financial models.
• Ability to assess the credit quality of potential investments.

Responsibilities

• Analyze new investments opportunities to support sponsor-based LBO transactions.
• Develop in-depth understanding of each company's business model, financial performance trends, growth drivers and credit risks.
• Perform financial and technical analyses, develop financial models based on company and industry data to determine potential performance.
• Conduct thorough industry and business due diligence including assessment of credit risks and valuation.
• Devise methods for gathering and assessing financial and market data through primary and secondary sources.
• Diligently monitor a portfolio of ~20 existing investments including financial reporting, ratings changes, news, amendments and waivers.
• Effectively communicate credit views and recommendations to committee members, both written and verbally for new investments as well as existing accounts under management.

Benefits

• health insurance
• life insurance
• disability insurance
• paid time off (including sick leave, parental leave, volunteer leave, and vacation)
• charitable donation match
• family support services (including Bright Horizons and Benefit Advocate Center)
• a 401(k) in addition to other benefits

What This Job Offers

• Job Type: Full-time
• Career Level: Entry Level
• Number of Employees: 251-500 employees