Vice President Turnaround & Restructuring NYC Private Credit Investment Firm

Vice President Turnaround & Restructuring

NYC Private Credit Investment Firm

J Harlan Group is currently conducting a search for an experienced and highly motivated Vice President Turnaround & Restructuring at a prominent Private Credit Investment Firm Headquartered in NYC focused on Middle Market Special Situations Direct Lending.

Key Responsibilities:

• Responsible for portfolio company restructurings, evaluation and supervision of liquidations, and turnarounds
• Manage monitoring and post-investment relationship with multiple portfolio companies
• Interface with portfolio company executives to understand operational milestones and work with them to accomplish their goals
• In the event of covenant breach, default, or other crises: (a) identify and recommend solutions, (b) lead execution of the chosen solution or set of solutions, which may range from legal, financial or operational remedies, which can often include working directly with the management team and/or external advisors
• During deal execution, perform operational diligence of borrowers and work with investment team to develop reporting and key performance indicators for portfolio companies and help structure monitoring packages
• Establish and track loan covenants and other early warning indicators to ensure compliance and alert to risk
• Prepare portfolio updates and KPI performance that will be presented to the Investment Committee
• Communicate findings and analyses, across mediums, with team and firm senior management;
• Develop sector intelligence to support monitoring, new deal execution and Firm knowledge base.
  

Qualifications:

• Vice President candidates must have 8+ years of work experience in turnarounds & restructuring, private credit, private equity, or special situations, specifically with hands-on experience in directly managing workouts, restructurings, and crises management with borrowers and company managers.
• Interpersonal skills and maturity to communicate effectively with lower middle market management teams and extract actionable intelligence from complex situations;
• Advanced Excel Skills: Ability to build operational and financial models, correlation, valuation, runoff, liquidation, and various other types of analyses with limited supervision;
• Proven and demonstrable analytical capabilities, ability to creatively extract and evaluate relevant data points from imperfect sets of information;
• An entrepreneurial mindset and the capability to manage multiple complex situations in parallel, understanding the operating requirements of private businesses during growth, evolution and potentially turnaround phases;
• Effective writing skills for the creation of memorandums and investment performance summaries;
• Ability to understand and negotiate complex credit and other legal agreements;
• Advanced familiarity with capital structure and corporate debt including Leveraged Finance; Restructuring; Structured Finance; and ABS;
  

Education:

• Strong academic record and a bachelor's or higher degree in Finance, Business,

  Accounting, Engineering, Mathematics, or Sciences preferred

• MBA, CPA, CFA or other relevant graduate degree or certification a plus.

An individual who loves solving deep and complex investment / asset management related matters and wants to have an outsized impact on the firm's asset management abilities. An individual with a passion for Investment/Asset Management, high level of intellectual curiosity and horsepower, a commitment to excellence and an unparalleled drive to deliver world-class services.

About the Client:

The firm is a New York-based, private debt investment manager, managing $6.4 billion of assets under management with a focused-on U.S. middle market direct lending opportunities. Launched in 2017, they are an emerging platform specializing in Middle Markets Special Situations Direct Lending opportunities. They believe that what sets them apart from the competition is the strength of its team, its sourcing capabilities, its focus on unique credits, and its ability to deliver bespoke solutions quickly and efficiently, while generating attractive risk adjusted returns for investors.

They seek candidates who are high-energy self-starters who want to join an investment management firm on the leading edge of financial markets. The management team needs individuals of the highest professional caliber who are leaders, problem solvers, analytic, detail-oriented, and entrepreneurial. Everyone at the firm works side-by-side with the firm's senior partners in a highly collaborative and charged investment environment.

Successful candidates are:

• Analytic and relentless in pursuit of the right answer
• Strong communicators who excel at rapid synthesis
• Able to demonstrate sound business judgment
• Able to digest complexity while maintaining an understanding of the “big picture” of business needs
• Team players who are energized by a collaborative enterprise
  

The firm's employees maintain the highest professional and ethical standards. The firm has earned a reputation for honesty, fair dealing, and transparency in a competitive industry. They believe that these standards are the foundation for superior investment performance and are critical to delivering performance to clients.

The salary range is $200,000 - $250,000 plus employees may also be eligible for annual discretionary incentive compensation. Actual compensation within that range will be dependent upon the individual's skills, experience, qualifications, location, and applicable laws.