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Distressed Debt Jobs (NOW HIRING)

Northbound Search

Senior Tax Associate

Manhattan, NY

$12K - $225K/yr

The ideal candidate will have public and private experience, CPA licensing, and a specific focus and credit-focused and distressed debt securities. Job Responsibilities: * Review Private Equity funds

Higcapital

Assistant Controller, Credit

New York, NY · On-site

While the funds' primary focus is on distressed debt, there will be exposure to several different asset classes in this multi-strategy environment. The candidate will be intimately involved in ...

9fin

Junior Distressed Credit Analyst

New York, NY · On-site

$80K/yr

Debt markets are vast, global, and mission-critical, yet still run on fragmented data, PDFs, and ... Produce timely, accurate analysis of distressed credit situations across the US leveraged finance ...

Barclays

Distressed Closer

Wilmington, DE · On-site

$13.25 - $18/hr

Distressed Closer To support Wholesale Lending with day-to-day processing, reviewing, reporting ... As part of the restructuring process, you will help convert pre restructured debt into proceeds ...

9fin

Junior Distressed Credit Analyst

New York, NY · On-site

$80K/yr

Debt markets are vast, global, and mission-critical, yet still run on fragmented data, PDFs, and ... Produce timely, accurate analysis of distressed credit situations across the US leveraged finance ...

Barclays

Distressed Closer

Whippany, NJ · On-site

$14 - $18.75/hr

Distressed Closer To support Wholesale Lending with day-to-day processing, reviewing, reporting ... As part of the restructuring process, you will help convert pre restructured debt into proceeds ...

Barclays

Distressed Closer

Whippany, NJ · On-site

$14 - $18.75/hr

Distressed Closer To support Wholesale Lending with day-to-day processing, reviewing, reporting ... As part of the restructuring process, you will help convert pre restructured debt into ...

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$13

$33

$47

How much do distressed debt jobs pay per hour?

As of Jun 4, 2026, the average hourly pay for distressed debt in the United States is $33.28, according to ZipRecruiter salary data. Most workers in this role earn between $17.79 and $44.47 per hour, depending on experience, location, and employer.

What are the key skills and qualifications needed to thrive as a Distressed Debt Analyst, and why are they important?

To thrive as a Distressed Debt Analyst, you need strong financial analysis, credit risk assessment, and valuation skills, often supported by a background in finance, economics, or accounting. Familiarity with financial modeling tools like Excel, Bloomberg terminals, and possibly the CFA certification is typically required. Outstanding analytical thinking, attention to detail, and effective communication skills set individuals apart in this role. These abilities are crucial for accurately evaluating distressed companies and making informed investment decisions in high-pressure environments.

What are some common challenges faced by professionals working in distressed debt, and how can they effectively manage them?

Professionals in distressed debt often navigate complex financial restructuring situations, time-sensitive negotiations, and rapidly changing market conditions. A key challenge is analyzing incomplete or uncertain information to assess the true value of distressed assets. Effective management requires strong analytical skills, adaptability, and clear communication with legal teams, creditors, and company management. Building a solid network and staying updated on restructuring laws also greatly enhances success in this field.

What is distressed debt?

Distressed debt refers to the bonds or other types of debt instruments issued by companies or governments that are experiencing financial trouble or are in danger of defaulting on their obligations. Investors in distressed debt typically buy these securities at a significant discount and may hope to profit through restructuring, turnaround, or liquidation of the company. Specialists in distressed debt analyze the underlying assets, legal structure, and potential recovery value to assess investment risks and opportunities. This area requires strong financial analysis skills and knowledge of bankruptcy and restructuring processes.

What is the difference between Distressed Debt vs Credit Analyst?

AspectDistressed DebtCredit Analyst
Required credentialsFinance degree, CFA often preferredFinance, Economics degree, CFA common
Work environmentInvestment firms, hedge funds, distressed asset teamsBanks, lending institutions, corporations
Industry usageSpecializes in troubled assets, restructuringAssessing creditworthiness of borrowers

Distressed Debt professionals focus on investing in or managing troubled assets, often involving restructuring and high-risk strategies. Credit Analysts evaluate the creditworthiness of borrowers to determine lending risks. While both roles require financial analysis skills and relevant credentials, Distressed Debt roles are more specialized in distressed assets, whereas Credit Analysts work across a broader range of credit assessments.

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What states have the most Distressed Debt jobs? States with the most job openings for Distressed Debt jobs include:
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Distressed Debt jobs near you
Infographic showing various Distressed Debt job openings in the United States as of May 2026, with employment types broken down into 1% Locum Tenens, 25% Full Time, 66% Part Time, 1% Temporary, 5% Contract, and 2% Summer. Highlights an 85% Physical, 3% Hybrid, and 12% Remote job distribution, with an average salary of $69,222 per year, or $33.3 per hour.
Senior Tax Associate

Senior Tax Associate

Northbound Search

Manhattan, NY

$12K - $225K/yr

Other

Posted 14 days ago

Job description

Job Description:

Our client, a well established and highly regarded alternative investment firm in Midtown, NY, is looking to add a tax manager to their team in preparation for busy season. This candidate will be responsible for preparation and review of all federal and state tax return and reporting forms, including K-1, 1065, 1120, 1042, PFIC statements, amongst others. The ideal candidate will have public and private experience, CPA licensing, and a specific focus and credit-focused and distressed debt securities.

Job Responsibilities:

  • Review Private Equity funds
  • Plan and strategize for a complex group of hedge funds and Private Equity funds, including the coordination of all tax filings and yearly tax work with the outsourced accounting firm
  • Review K-1s, 1065s, and partnership tax returns, review M-1 tax adjustments
  • Prepare state and Local Tax (SALT) documentation
  • Communicate with firm’s finance and tax departments on tax needs and adjustments
  • Significant tax compliance responsibilities for hedge fund and private equity funds

Job Requirements:

  • The ideal candidate will have 7-10 years of experience
  • Public/private background preferred
  • Prior experience working in private equity
  • CPA required

Compensation:

$120,00 - $225,000

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