Asset Backed Credit Associate
Location: New York, NY
Platform: $10B Alternative Credit Firm
Team Size: Currently 3; hiring 2 additional investment professionals
Capital Deployed: $1,000M+ since launch (~2 years ago)
Firm Overview
Our client is a leading Alt Credit Firm with a rapidly growing private credit strategy focused on asset‑backed and specialty finance investments. The team hasAlt deployed over $1Bil since forming the group two years ago and is now expanding to meet significant market opportunity. With a flexible, creative mandate and a collaborative culture, the group invests across a wide range of consumer and esoteric asset classes, including residuals and other complex collateral-backed opportunities.
Role 1: Associate - Asset‑Backed Finance
Position Overview
The Associate will play a central role in evaluating, underwriting, and monitoring asset‑backed and specialty finance investments across consumer, esoteric, and residual‑based strategies. This is an opportunity to join a lean, high‑performing team where Associates have meaningful ownership of analysis, portfolio management, and execution.
Key Responsibilities
Investment Underwriting & Analysis
- Build, maintain, and stress‑test detailed asset‑level cash flow, pool, and residual value models
- Perform deep dive analysis on consumer and esoteric asset classes, including historical performance, servicing behavior, and collateral characteristics
- Assess deal structures, credit enhancements, triggers, and waterfalls
Deal Execution
- Support due diligence across legal, operational, servicing, and collateral reviews
- Prepare investment committee materials and clearly articulate key risks
- Coordinate with external advisors, counterparties, and internal stakeholders
Portfolio Management
- Track ongoing pool performance, servicing trends, delinquencies, and reserve levels
- Participate in quarterly portfolio reviews and valuation discussions
- Maintain strong ongoing dialogue with partners and issuers
Ideal Background
- 2-5 years experience in:
- Asset‑backed finance / specialty finance investing
- Structured credit / securitization groups
- Investment banking within FIG/ABS, lending, or credit
- Strong modeling abilities (pool-level, cashflow waterfalls, structuring analysis)
- Familiarity with esoteric or consumer ABS, residuals, or specialty lending models
- Ability to thrive in a lean, entrepreneurial environment
What Both Roles Offer
- Opportunity to join a rapidly scaling asset‑backed strategy within a top‑tier global platform
- High responsibility, high visibility, and a flat team structure
- Exposure to esoteric, consumer, and residual value strategies
- Flexible mandate with meaningful creativity in structuring
- Collaborative culture with senior principals closely involved in
FAQs
Congratulations, we understand that taking the time to apply is a big step. When you apply, your details go directly to the consultant who is sourcing talent. Due to demand, we may not get back to all applicants that have applied. However, we always keep your CV and details on file so when we see similar roles or see skillsets that drive growth in organisations, we will always reach out to discuss opportunities.
Yes. Even if this role isn’t a perfect match, applying allows us to understand your expertise and ambitions, ensuring you're on our radar for the right opportunity when it arises.
We also work in several ways, firstly we advertise our roles available on our site, however, often due to confidentiality we may not post all. We also work with clients who are more focused on skills and understanding what is required to future-proof their business.
That's why we recommend registering your CV so you can be considered for roles that have yet to be created.
Yes, we help with CV and interview preparation. From customised support on how to optimise your CV to interview preparation and compensation negotiations, we advocate for you throughout your next career move.