Senior Associate, Direct Lending
About The Position
The Senior Associate, Direct Lending is an essential member of the Private Credit team, responsible for evaluating, executing, and managing private credit investments across sponsor-backed, non-sponsor-backed, and secondary market opportunities. This role performs in-depth credit analysis, financial modeling, due diligence, transaction execution, and portfolio monitoring while partnering with internal stakeholders and external investment partners. The ideal candidate is a self-motivated investment professional with strong analytical and technical capabilities, exceptional communication skills, and the ability to thrive in a collaborative, high-performance environment. This position currently offers an onsite work schedule, with the expectation that you will be in the office four (4) days per week during onsite core days. Our current onsite core days are Monday, Tuesday, Wednesday, and Thursday. The work schedule type and core days are subject to change with advance notification and manager discretion.
Requirements
- Bachelor's degree in Finance, Accounting, Economics, or a related field.
- Minimum of two (2) years of experience in private credit, private equity, investment banking, or a similar financial services role.
- Experience performing credit analysis, financial modeling, due diligence, and transaction execution.
- Proficiency with Microsoft Excel, Word, and PowerPoint.
- Strong understanding of credit markets, capital structures, debt instruments, and investment analysis.
- Excellent written and verbal communication, organizational, and time-management skills.
Nice To Haves
- MBA and/or CFA designation.
- Experience working with private credit funds, investment banks, or financial institutions on direct investments.
- Exposure to secondary private credit market investing.
- Experience reviewing legal documentation related to private credit transactions.
- Experience collaborating with external investment partners and managing joint investment processes.
Responsibilities
- Conduct comprehensive credit analysis, including financial statement review, credit risk assessment, liquidity analysis, capital structure evaluation, and due diligence.
- Develop and maintain complex financial models, including cash flow analysis, covenant compliance, and stress-testing.
- Prepare investment memoranda, financial models, and supporting analyses for the Investment Transaction Committee.
- Evaluate, underwrite, and execute private credit investment opportunities in collaboration with internal teams and external partners.
- Build and maintain relationships with borrowers, investment partners, legal counsel, and other stakeholders.
- Evaluate secondary private credit market opportunities, including portfolio acquisitions and single-name investments.
- Review transaction documentation, including term sheets, credit agreements, and related legal documents in partnership with internal and external counsel.
- Monitor portfolio performance, covenant compliance, financial results, and identify portfolio optimization opportunities.
- Participate in strategic initiatives and special projects supporting the growth of the Private Credit platform.
- Take ownership of assigned workstreams, proactively identifying opportunities, risks, and solutions.
- All other duties as assigned.
Benefits
- Base Pay Range
- Additional Compensation and Benefits
- 401(k) eligibility
- various paid time off benefits, such as vacation, sick time, and parental leave
- discretionary annual incentive programs
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What This Job Offers
Job Type
Full-time
Career Level
Senior
