Analyst/Associate, Senior Debt Leverage & Portfolio Strategy
$110k - $150k USD
Founded in 1999, Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, London and Hong Kong. With approximately $42 billion of assets under management and more than 475 employees, Audax is a leading capital partner for middle market companies, operating through three business lines: Audax Private Equity, Audax Private Debt, and Audax Strategic Capital.
For more information, visit the Audax Group website www.audaxgroup.com. or follow us on LinkedIn.
TEAM SUMMARY:
Audax Senior Debt is a highly successful and very well-established investor in the U.S. middle market private debt industry. Audax Senior Debt has invested over $26 billion across more than 850 established U.S. middle market companies in support of over 240 private equity sponsors. Our primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process.
POSITION SUMMARY:
This position will focus on: (i) managing all leverage facilities that support both existing and new funds and SMAs, as well as (ii) focus on portfolio efficiency and return optimization for each investment vehicle. This is an opportunity to join a growing platform at a well-established firm and work with a team that is lean, extremely cohesive, and very collegial. The existing
team has invested through multiple credit cycles together.
RESPONSIBILITIES:
- Negotiate terms on new and existing leverage facilities
- Help maintain and build relationships with new and existing lending institutions
- Model portfolio and return impact from changes in leverage facility terms
- Construct portfolios of loans for new CLOs that meet certain investment criteria
- Analyze the existing portfolios of senior loans to identify secondary market opportunities
- Assist in the monitoring of compliance tests within all leverage facilities
REQUIREMENTS/QUALIFICATIONS:
- Bachelor’s degree
- 2-4 years structured credit, balance sheet lending, fund finance, or similar experience
- Experience in managing a portfolio of leverage facilities
- Ability to manage and generate detailed reports and track the activity of a sizeable private debt portfolio
- Ability to develop and utilize complex financial models
LOCATION: New York, New York. 4 days/week in office. These in office requirements may change based on the needs of the business.
For New York City only: The base salary range for this position is $110,000 - $150,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.
Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.
This job description is not designed to cover or contain a comprehensive listing of activities, duties or responsibilities that are required of the employee. Duties, responsibilities and activities may change or new ones may be assigned at any time with or without notice.
Audax Management Co. is an equal opportunity employer.
Please note that Audax Group and its affiliated entities do not accept unsolicited resumes from a third-party recruiting agency not currently under a signed agreement. Any unsolicited resume that is sent to directly to Audax Group or one of its affiliated entities, or its employees, including those submitted to hiring managers by a third-party recruiting agency not currently under a signed agreement, will be considered property of Audax Group. If a third-party recruiting agency submits a resume without an agreement, Audax Group or its affiliated entities explicitly reserves the right to pursue and hire those candidate(s) without any financial obligation to the third-party recruiting agency. Any third-party recruiting agency should contact either a member of the Talent Acquisition or Human Resource team at Audax Group, in conjunction with a valid, fully executed contract for service based upon a specific job opening.