Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or related discipline.
1-3 years of relevant experience in credit research, leveraged finance, restructuring, investment banking, distressed investing, or fixed income markets.
Strong understanding of corporate credit, capital structures, debt instruments, and financial statement analysis.
Experience building integrated financial models and valuation analyses.
Knowledge of distressed debt investing, bankruptcy processes, and restructuring frameworks is highly preferred.
Advanced proficiency in Excel and PowerPoint.
Familiarity with Bloomberg, FactSet, Capital IQ, or similar financial databases.
Strong written and verbal communication skills.
Ability to manage multiple projects in a fast-paced market environment.
Responsibilities
Conduct fundamental credit analysis on distressed and stressed corporate issuers across industries.
Analyze capital structures, recovery values, and restructuring scenarios.
Build and maintain financial models, valuation models, and liquidation/reorganization analyses.
Monitor bankruptcy proceedings, liability management exercises, and restructuring transactions.
Generate actionable investment ideas across bonds, loans, trade claims, and structured products.
Produce written research reports and market commentary for internal stakeholders and institutional clients.
Track macroeconomic developments and industry trends impacting distressed investments.
Support senior strategists in client meetings and investor communications.
Collaborate with sales and trading teams to identify market technicals and trading opportunities.
Utilize Bloomberg, Capital IQ, FactSet, and court filings to gather and analyze data.
Benefits
Opportunity to work closely with senior strategists and industry professionals.
Exposure to complex credit situations and distressed investing.
Access to advanced financial databases and analytical tools.
Dynamic and fast-paced work environment.
Potential for career growth within a leading investment firm.
Full Job Description
Job Description
Analyst, Fixed Income - Distressed & Special Situations Strategy
Position Summary
Jefferies is seeking a highly motivated Analyst to join its Fixed Income Division within the Distressed & Special Situations Strategy team. The Analyst will work closely with senior strategists, sales, trading, research, and banking professionals to identify, evaluate, and communicate investment opportunities across distressed debt, stressed credit, event-driven situations, restructuring opportunities, and special situations markets. The role combines rigorous financial analysis with market intelligence to support institutional investor clients seeking value in complex credit situations.
Key Responsibilities
Conduct fundamental credit analysis on distressed and stressed corporate issuers across industries.
Analyze capital structures, recovery values, and restructuring scenarios.
Build and maintain financial models, valuation models, and liquidation/reorganization analyses.
Monitor bankruptcy proceedings, liability management exercises, exchange offers, restructuring transactions, and other special situations.
Generate actionable investment ideas across bonds, loans, trade claims, structured products, and related securities.
Produce written research reports, market commentary, and thematic presentations for internal stakeholders and institutional clients.
Track macroeconomic developments and industry trends impacting distressed and special situations investments.
Support senior strategists in client meetings, marketing efforts, and investor communications.
Collaborate with sales and trading teams to help identify market technicals and trading opportunities.
Utilize Bloomberg, Capital IQ, FactSet, court filings, and other market resources to gather and analyze data.
Qualifications
Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or related discipline.
1-3 years of relevant experience in credit research, leveraged finance, restructuring, investment banking, distressed investing, or fixed income markets.
Strong understanding of corporate credit, capital structures, debt instruments, and financial statement analysis.
Experience building integrated financial models and valuation analyses.
Knowledge of distressed debt investing, bankruptcy processes, and restructuring frameworks is highly preferred.
Advanced proficiency in Excel and PowerPoint.
Familiarity with Bloomberg, FactSet, Capital IQ, or similar financial databases.
Strong written and verbal communication skills.
Ability to manage multiple projects in a fast-paced market environment.
Typical Areas of Analysis
The Analyst would be expected to cover:
Distressed corporate bonds
Leveraged loans
Credit opportunities arising from restructurings
Liability management transactions
Chapter 11 and out-of-court restructurings
Event-driven and catalyst-driven credit situations
Special situations across investment grade, high yield, and leveraged finance markets
Relative value opportunities within capital structures
Primary Location Full Time Salary Range of $100,000 - $120,000.
About Jefferies Financial Group
Jefferies Financial Group Inc. is a diversified financial services company that operates in investment banking, capital markets, asset management, and direct investing. The company was founded in 1962 and is headquartered in New York City. Jefferies Financial Group has operations in over 30 countries and employs over 4,000 people. The company's businesses include Jefferies, a global investment bank; Leucadia Asset Management, an asset management firm; and Berkadia, a commercial real estate company. Jefferies Financial Group is publicly traded on the New York Stock Exchange under the ticker symbol JEF.
