Investment Banking Associate I (Leveraged Finance & Debt Advisory)

Raymond James•New York, NY

1d•$100,000 - $175,000•Onsite

About The Position

Raymond James is seeking an experienced investment banking associate to join its newly formed Leveraged Finance & Debt Advisory ("LFDA") group. The LFDA group sits within Investment Banking and is focused on providing debt capital raising and advisory solutions including private debt placements, debt capital markets advisory, institutional term loan Bs, and high yield bonds to financial sponsors and non-investment grade issuers across a variety of industries. The associate will work closely with senior LFDA bankers, manage analyst workstreams, and collaborate with other industry and product groups within the firm to deliver comprehensive solutions.

Requirements

3-5 years in leveraged finance, debt capital markets, private credit/direct lending, restructuring, or leveraged finance credit risk; or an MBA with relevant pre-MBA experience.
Advanced modeling proficiency: LBO, three-statement modeling, debt schedules, and the ability to review and correct the work of others
Working knowledge of credit agreement mechanics and debt structuring alternatives across the capital structure
Demonstrated ability to manage multiple live workstreams and junior team members simultaneously
Excellent written and verbal communication skills, with the poise to interact directly with clients and lenders
Proficient in Microsoft Office, including Excel, PowerPoint, and Word
Strong attention to detail, work ethic, and ability to perform under pressure and tight timelines
Bachelor’s (Required)
General Experience - 3 to 6 years

Nice To Haves

Middle-market sponsor coverage is a plus

Responsibilities

Own day-to-day execution of live financing transactions, managing workstreams and timelines from mandate through close
Lead credit analysis and due diligence on prospective borrowers, forming and articulating a view on credit quality, structure, and market receptivity
Review and stress-test financial models prepared by analysts — sources & uses, pro forma capitalization, cash flow modeling, LBOs, and credit statistics — and own model integrity
Draft and oversee preparation of internal screening memos, deal underwriting memos, and external client pitch materials
Oversee production of marketing materials including teasers, investor presentations, confidential information memorandums, marketing term sheets, and lender models
Serve as a primary point of contact for clients, sponsors, and lenders on day-to-day execution matters
Support senior bankers on origination, including financing ideas, market intelligence, and pitch development for coverage and sponsor dialogues
Mentor, train, and review the work of analysts and summer analysts