Fundamental Strategies Associate / Vice President

Sixth Street

$175K — $225K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5-7 years of experience in private equity, public credit, or stressed/distressed credit investment
  • Deep understanding of credit and special situations underwriting
  • Exceptional work ethic with a professional demeanor
  • Team-oriented mindset with a focus on achieving collective goals
  • Meticulous attention to detail and ability to handle multiple tasks simultaneously

Responsibilities

  • Analyze investment themes and identify opportunities in stressed and distressed credit
  • Conduct quantitative and qualitative risk-return analysis for investment underwrites
  • Build complex financial models and lead due diligence activities
  • Examine financial statements and legal documents related to distressed investments
  • Collaborate with counterparties like attorneys and bankers for investment deals
  • Oversee portfolio management and restructuring processes
  • Contribute to team growth and development of new investment vehicles
  • Draft investment memoranda outlining thesis, analysis, risks, and returns

Benefits

  • Comprehensive health, life, and disability insurance
  • 401(k) retirement plan
  • Paid public holidays according to NYSE calendar
  • Paid sick days in compliance with local laws
  • Flexible additional time off subject to manager approval
Full Job Description
Core Responsibilities
  • Analyze themes and identify investment opportunities across industries and capital structures primarily in stressed and distressed credit
  • Conduct detailed quantitative and qualitative analysis, with a focus on risk and return, in order to underwrite potential stressed and distressed investments across a wide variety of industries, asset types and investment strategies
  • Perform detailed financial modeling of potential investments and lead due diligence efforts
  • Analyze financial statements, financing terms, covenants, legal/bankruptcy documents, restructuring plans, capital/corporate structures, industry trends, market technicals and other items related to stressed and distressed investments
  • Work effectively with a variety of counterparties including attorneys, brokers, bankers, and consultants as required to evaluate, source, negotiate, and/or structure investment transactions
  • Manage portfolio investments and restructurings
  • Serve as a key contributor to overall business building efforts as part of this growing team, which may include the opportunistic formation of additional investment vehicles
  • Prepare investment memoranda to outline investment thesis with supporting financial analysis, research and overview of investment risks and return.

What We Look For
  • Relevant investing experience within private equity, public credit or stressed and distressed credit - depth of knowledge of credit and special situations underwriting
  • Excellent work ethic and high degree of professionalism
  • Commitment to a team and goal-oriented environment
  • Strong attention to detail, ability to multi-task and work effectively in a fast-paced, dynamically changing environment
  • Strong ethical standards and integrity

Compensation

The base salary for this position is expected to be between $175,000 and $225,000. The base salary offered to the selected candidate will be commensurate with a candidate's relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion.

In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval.

If a job offer is extended for a location other than San Francisco, the salary range may differ based on the location.

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