Associate - Restructuring & Special Situations Group

Associate - Restructuring & Special Situations Group

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PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations, and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers, including private equity funds, real‑estate funds and hedge funds.

From the beginning, PJT Partners has believed that having the best people is key to building an enduring franchise. A great team brings in both top‑tier clients and attracts a wide range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients.

The Restructuring and Special Situations Group (RSSG) advises both large and middle‑market companies, financial sponsors and creditor groups in financially distressed situations, both in Chapter 11 bankruptcy proceedings and in out‑of‑court restructuring, capital raising and strategic advisory transactions.

Associates within RSSG drive the deal process, manage resources and anticipate issues in highly complex, time‑sensitive restructuring and liability‑management transactions. They work directly with senior deal team professionals, clients and other stakeholders to evaluate, structure, and negotiate complex financial and strategic alternatives. Associates receive broad‑based exposure to valuation analyses, capital raising, mergers and acquisitions, asset sales, credit negotiations, exchange offers and Chapter 11 reorganizations.

• Develop company business plans
• Build financial models and valuation analyses
• Analyze capital structures, credit documents and indentures
• Prepare various presentations to support deal processes
• Facilitate client and counter party due diligence and discussions with companies, legal counsel and turnaround advisors
• Prepare liquidity, waterfall and liquidation analyses
• Work closely with junior deal team members to complete deal objectives

• A minimum of 3–5 years of experience in the restructuring industry and/or distressed investing with a demonstrated track record of success
• Advanced degree (MBA and/or JD) is preferred
• Academic background in finance, accounting or economics
• Technical expertise in restructuring and/or distressed company situations
• Professional and confident communication skills to interface with senior management at clients and internal deal teams
• Ability to drive the deal process, manage resources and anticipate issues in highly complex, time‑sensitive situations
• Effective deal team manager and team player who creates an inclusive work environment through promotion of teamwork
• Ability to work in high‑pressure situations with distressed companies and other stakeholders
• Strong work ethic and thrives in a collaborative, team‑oriented culture

Expected annualized base salary of $225,000 to $250,000. This range represents the low and high ends of the expected annualized base salary for this position. The specific base salary received by any employee will be informed by a number of factors, including but not limited to role level and scope, location, candidate’s relevant qualifications, skills and experience.

Base salary is one component of PJT Partners’ compensation structure. In addition to base salary, PJT Partners’ compensation structure may include additional rewards, incentives, and benefits, including but not limited to a discretionary bonus component.

PJT is an equal opportunity employer. We do not discriminate on the basis of, and will consider all qualified applicants for employment without regard to race, color, religious creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity expression,…