Distressed Credit Analyst
A hedge fund with a strong track record in European credit is looking to hire an Analyst to its growing team. The investment strategy is L/S liquid credit across the spectrum with a particular focus on stressed/distressed credit.
We are seeking an Analyst with 3-7 years experience who is looking to take the next step in their career.
Responsibilities
- Idea Generation & Screening: Build pipelines across Europe; identify dislocations, maturity walls, covenant pressure, LMEs and complex structures; maintain watch lists and catalysts.
- Modelling & Valuation: Build and maintain three‑statement models, liquidity forecasts and recovery/waterfall analyses; run scenarios and EV bridges; assess downside protection and relative value.
- Documentation & Capital Structure: Review indentures/loan agreements, baskets, guarantor/security packages, transfer restrictions and priming risk; map value breaks and intercreditor dynamics.
- Trade Construction & Risk: Propose L/S structures (holdco vs opco, senior vs sub, CDS basis, equity‑linked hedges); articulate thesis, variant perception, risks, catalysts and exit criteria; support sizing.
Requirements
- Sell‑side credit desk analyst (HY/loans/distressed flow) at a leading bank.
- Buyside stressed/distressed analyst at a hedge fund or credit fund.
- Restructuring at a top bank/elite boutique.
- Skillset: Strong accounting and modelling (liquidity, debt schedules, recovery waterfalls); fluent in credit documentation and capital structure work.
- Attributes: Commercial judgement, pace and clarity of thought; concise investment writing; low‑ego, collaborative style.
Please apply now if interested in hearing more details about this exciting opportunity.
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