Distresser Job Description Sample
Distressed Debt Trading
Trading, sales and origination position with good potential for solid six figure earnings+. The position will identify and communicate with current trading partners and potential trade targets for both internal investment funds and our brokerage/co-invest arm. Daily contact will include the hedge fund community, CEO and CFO/Controller level executives at large and mid-size international corporations as well as workout for large and mid-size international banking institutions. The candidate will work side-by-side with Fulcrum's Head Trader.
- Please visit the Fulcrum Career Page on Linked-in for more information and to apply: https://www.linkedin.com/company/fulcrum-capital/careers?trk=top_nav_careers
PREVIOUS SALES OR BIZ DEV EXPERIENCE REQUIRED - 4 YEARS MIN
Interest in trading, distressed investing, and salesis required. Will only consider outgoing personalities with a strong work ethic. Must be comfortable and experienced with heavy telephone based communications.
ALL APPLICATIONS WILL BE TREATED IN STRICT CONFIDENCE
We are a top-tier institution in the secondary market for distressed claims and other illiquid debt, having closed nearly $30 billion in trades since inception.
CIB – Special Situations & Distressed Trading – Vice President/Executive Director
CIB – Special Situations & Distressed Trading – Vice President/Executive Director
Our business JPMorgan Chase & Co. is a leading global financial services firm with assets of more than $2 trillion, over 265,000 employees and operations in over 60 countries. It operates across four business segments including Asset & Wealth Management, Corporate and Investment Banking Commercial Banking, Consumer and Community Banking.
Through collaboration, intellectual curiosity and creativity, you can accomplish extraordinary things at J.P. Morgan. Our people do outstanding work by partnering with clients and each other to generate positive change in our local and global communities every single day. We are committed to your growth and development.
We offer opportunities across all of our businesses that can take you in any direction you want to go and leaders who will support you in getting there. About J.P. Morgan Corporate & Investment Bank J.P. Morgan’s Corporate & Investment Bank is a global leader across banking, markets and investor services.
The world’s most important corporations, governments and institutions entrust us with their business in more than 100 countries. With $18 trillion of assets under custody and $393 billion in deposits, the Corporate & Investment Bank provides strategic advice, raises capital, manages risk and extends liquidity in markets around the world.
Responsibilities: · Identify and work on special situation and distressed transactions · Value loans, bonds, claims and private equity to support our client franchise and generate revenue · Coordinate with desk research, analysts and other traders to better manage the firms risk and be in the best position possible to service its clients’ needs
Qualifications: · 10-15 years of buy-side distressed investing experience and 4-6 years Investment Banking experience at a major North American firm · Bachelor’s degree in Engineering, Math, Finance or related quantitative field · Expert in the bankruptcy process, credit/bond documentation including covenants and baskets · Experience in Capital Markets and understanding of fixed income markets and drivers · Proven track record of investing in securities of stressed and distressed industries such as Retail, Telecommunications, Technology, Chemicals, Industrials, Consumer Products and Healthcare · Must have demonstrated knowledge of Corporate Bonds, Leveraged Loans, Bankruptcy Claims, Over the Counter (OTC) Equity, Escrows, and other illiquid obligations Must have deep and long standing relationships with key distressed bankruptcy law and financial advisory firms · Must have deep relationships with clients from a diverse array of Hedge Funds, Value Investors, Mutual Funds, and Private Equity Firms, advisory and law firms · Build Financial Models for below investment grade corporations primarily in North America · Develop trading strategies within the secondary markets, supporting Sales & Trading with the Client Franchise · Expert in Bloomberg, Excel, Power Point and MS Office skills JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.
Distressed Credit Analyst
We are looking to hire a credit analyst based in New York whose main responsibility will be to publish research reports on stressed and distressed companies.
The individual will conduct fundamental credit analysis on companies across North America. The candidate will be expected to conduct financial modelling, multiple and ratio analysis, historical analysis and forecast of quarterly and annual income statements, balance sheets and cash flow statements. Additionally the candidate will have some familiarity with the bankruptcy process and reorganization modeling. The role entails working mainly on levered corporate entities across North American high yield and leveraged loan markets. In time the successful candidate will be expected to become industry specialized.
* Exceptional fundamental credit analysis and financial modelling skills gain from prior experience of corporate credit analysis
Knowledge of restructuring regimes and strategies across
Experience of evaluating distressed / special situations
Experience of financial services credit analysis would be advantageous
Excellent written and oral communication skills are a must as is the ability to work with people at all levels
Highly-developed sense of teamwork and cooperation
Be ambitious, motivated, entrepreneurial, and have the desire to succeed
Ability to manage workflow under strict deadlines EOE/Minorities/Females/Vet/Disabled
Gsam, Fixed Income, Distressed Research Analyst - Vice President
MORE ABOUT THIS JOB INVESTMENT MANAGEMENT We’re a team of trusted advisors who provide innovative investment solutions to help our clients meet their financial goals. From private wealth to asset management, we work with specialists and groups from around the firm to help high-net-worth individuals and institutions across various industries navigate changing markets and make smart investments.
We value self-starters with an entrepreneurial spirit, but still provide the support and resources to ensure your success. GSAM is seeking an experienced leverage finance professional with a proven track record in providing detailed financial analysis, process support, and value creation for stressed and distressed investments. The position will be an integral part of GSAM’s High Yield & Bank Loan team, which manages over $30bn in various high yield bond and loan portfolios.
The individual will work closely with other distressed specialists, industry sector experts, portfolio managers and traders and be responsible for analysis of stressed and distressed portfolio activity associated with both active and prospective positions. RESPONSIBILITIES AND QUALIFICATIONS GSAM is seeking an experienced leverage finance professional with a proven track record in providing detailed financial analysis, process support, and value creation for stressed and distressed investments. The position will be an integral part of GSAM’s High Yield & Bank Loan team, which manages over $30bn in various high yield bond and loan portfolios.
The individual will work closely with other distressed specialists, industry sector experts, portfolio managers and traders and be responsible for analysis of stressed and distressed portfolio activity associated with both active and prospective positions.
The individual will contribute to ongoing investment discussions, including assistance with covenant interpretation, corporate structures and liability management efforts (consent solicitation, security exchanges, etc.). As part of the stressed and distressed debt efforts, specific responsibilities may include 1) any in or out of court restructuring processes including financial scenario analysis, 2) legal document interpretation and management, 3) communication with external constituents including restructuring advisors, bondholder groups, issuers, dealers and outside counsel, 4) sourcing new stressed and distressed investment opportunities and 5) communication with internal constituents including GSAM legal, compliance, reputational risk and tax groups. Experience:
Minimum 3 years’ experience preferably within an investing capacity or advisory setting
Sound accounting knowledge and strong financial modelling skills
Fluent in legal concepts related to the restructuring process
Strong communication skills both oral and written
B.A. or J.D. a plus
CFA study (at any level) a plus ABOUT GOLDMAN SACHS The Goldman Sachs Group, Inc. is a leading global investment banking, securities and investment management firm that provides a wide range of financial services to a substantial and diversified client base that includes corporations, financial institutions, governments and individuals. Founded in 1869, the firm is headquartered in New York and maintains offices in all major financial centers around the world. © The Goldman Sachs Group, Inc., 2017. All rights reserved
Goldman Sachs is an equal employment/affirmative action employer Female/Minority/Disability/Vet. Job ID2017-39583 Schedule TypeFull Time LevelVice President/Executive Director Function(s)Investment Management RegionAmericas DivisionInvestment Management Division Business UnitFixed Income & Currencies Employment TypeEmployee
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