Sr. Associate – Private Placements Workouts
| Company | TIAA |
|---|---|
| Location | Chicago, IL, USA, Charlotte, NC, USA, New York, NY, USA |
| Salary | $160000 – $200000 |
| Type | Full-Time |
| Degrees | Bachelor’s |
| Experience Level | Mid Level, Senior |
Requirements
- 3+ years of workout/restructuring experience.
- Experience managing troubled situations, workout negotiations, and restructuring and exit strategies.
- In-depth knowledge and understanding of fundamental credit investing, including high-yield, stressed, distressed, and special situation opportunities.
- Deep experience with private placement note documentation.
- Thorough understanding of financial and credit analysis, valuation, private credit transaction structuring, and fundamental research.
- Excellent communication and interpersonal skills.
- Strong problem-solving skills, analytical, and with strong attention to detail.
Responsibilities
- Prepares research and analysis of companies and situations that are facing financial stress, including providing recovery and upside/downside analyses.
- Participates in ad hoc lender group and steering group calls, liaising and dialoguing with restructuring advisors and restructuring counsel on a regular basis.
- Engages and communicates regularly with Portfolio Managers on workout and special situation names within portfolios.
- Manages relationships with restructuring advisors, restructuring lawyers, distressed sell side traders and analysts, and buy-side competitors.
- Works with shared services and other stakeholders to prepare client updates on troubled deals.
Preferred Qualifications
- University (Degree) Preferred
- 2+ Years Required; 3+ Years Preferred
- Bachelor’s degree strongly preferred; MBA or CFA is a plus.