Asset Backed Credit Associate

Location: New York, NY
Platform: $10B Alternative Credit Firm

Team Size: Currently 3; hiring 2 additional investment professionals
Capital Deployed: $1,000M+ since launch (~2 years ago)

Our client is a leading Alt Credit Firm with a rapidly growing private credit strategy focused on asset‑backed and specialty finance investments. The team has deployed over $1B since forming the group two years ago and is now expanding to meet significant market opportunity. With a flexible, creative mandate and a collaborative culture, the group invests across a wide range of consumer and esoteric asset classes, including residuals and other complex collateral‑backed opportunities.

The Associate will play a central role in evaluating, underwriting, and monitoring asset‑backed and specialty finance investments across consumer, esoteric, and residual‑based strategies. This is an opportunity to join a lean, high‑performing team where Associates have meaningful ownership of analysis, portfolio management, and execution.

• Build, maintain, and stress‑test detailed asset‑level cash flow, pool, and residual value models
• Perform deep dive analysis on consumer and esoteric asset classes, including historical performance, servicing behavior, and collateral characteristics
• Assess deal structures, credit enhancements, triggers, and waterfalls

• Support due diligence across legal, operational, servicing, and collateral reviews
• Prepare investment committee materials and clearly articulate key risks
• Coordinate with external advisors, counter parties, and internal stakeholders

• Track ongoing pool performance, servicing trends, delinquencies, and reserve levels
• Participate in quarterly portfolio reviews and valuation discussions
• Maintain strong ongoing dialogue with partners and issuers

• 2-5 years experience in:
  • Asset‑backed finance / specialty finance investing
  • Structured credit / securitization groups
  • Investment banking within FIG/ABS, lending, or credit
• Strong modeling abilities (pool‑level, cashflow waterfalls, structuring analysis)
• Familiarity with esoteric or consumer ABS, residuals, or specialty lending models
• Ability to thrive in a lean, entrepreneurial environment

• Opportunity to join a rapidly scaling asset‑backed strategy within a top‑tier global platform
• High responsibility, high visibility, and a flat team structure
• Exposure to esoteric, consumer, and residual value strategies
• Flexible mandate with meaningful creativity in structuring
• Collaborative culture with senior principals closely involved in