Associate, Shared Business Services (Secondaries Credit)

Role Overview

Primary Functions

• Evaluate prospective Credit Secondaries investments, including LP-led and GP-led transactions.
• Review diligence materials such as loan tapes, financial statements, portfolio reports, capital account statements, and broker materials.
• Validate loan-level and portfolio-level data in internal underwriting models and reporting outputs.
• Build and maintain underwriting and portfolio monitoring models with return analyses, sensitivity scenarios, and valuation outputs.
• Analyze borrower performance, industry exposure, concentration risks, and portfolio trends.
• Roll forward underwriting models using updated financial information and assumptions.
• Monitor quarterly performance of publicly traded BDCs, including earnings, valuation marks, portfolio activity, and market developments.
• Maintain deal, comparable, underwriting, portfolio monitoring, and market intelligence databases and trackers.
• Prepare investment committee materials, diligence summaries, pricing analyses, and portfolio reviews.

Supplementary Tasks

• Conduct company, industry, and market research supporting underwriting, valuation, and portfolio monitoring.
• Enhance internal analytical tools, databases, templates, and reporting frameworks.
• Identify process improvements, automate recurring tasks, and improve data quality and operational efficiency.
• Collaborate with investment professionals across geographies on strategic and ad hoc analytical projects.

Education and Experience

• Hold a bachelor's or master's degree in business, finance, another pre-professional field, or a discipline with exposure to private credit and secondaries.
• Demonstrate a strong academic background and interest in private credit, alternative investments, secondaries, or financial markets.
• 3-6 years of relevant experience is preferred, including private credit, lending, leveraged finance, credit research, investment banking, valuation, or portfolio management.
• Prior exposure to fund modeling, credit analysis, cash flow modeling, portfolio monitoring, or investment committee materials is preferred.
• Experience with Power BI, VBA, Python, SQL, or other automation tools is a plus.

General Requirements

• Demonstrate advanced financial analysis, valuation, and modeling capabilities, including credit analysis, portfolio monitoring, NAV analysis, portfolio valuations, and fund waterfall structures.
• Apply strong analytical and problem-solving skills to reduce complex models into key drivers and combine disparate datasets and assumptions.
• Communicate effectively in writing and verbally with a professional demeanor.
• Work independently and effectively in collaborative, fast-paced deal teams.
• Be willing to undergo extensive training to understand fund model nuances.

Application Timing

• Applications are accepted on an ongoing basis until the search is no longer active.