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Selby Jennings · 6 days ago

Associate - Direct Lending and Special Situations

New York, NY

Full-time

Onsite

Entry, Mid Level

$125K/yr - $175K/yr

1+ years exp

Selby Jennings is seeking a high-performing Private Credit Associate to join an entrepreneurial investment team focused on lower-middle-market and middle-market special situations credit investments. The role involves comprehensive financial modeling, investment evaluation, deal execution, and ongoing portfolio management.

BankingEmploymentRecruiting

Hiring Manager

Adam Loughran

Responsibilities

Conduct comprehensive financial modeling, including leveraged buyout models, downside cases, and cash flow projections

Evaluate companies across a variety of industries, often with complex capital structures or unique credit needs

Support origination and screening of new opportunities, particularly in non-sponsor contexts

Analyze business models, industry dynamics, competitive positioning, and management team capabilities

Assess collateral, capital structures, and downside protection

Lead key workstreams throughout the transaction process, including diligence, QofE review, legal documentation, and risk assessment

Prepare and present investment materials for the investment committee

Partner with lenders, advisors, management teams, and internal stakeholders to drive efficient execution

Assist in structuring creative credit solutions tailored to unique special situations opportunities

Monitor ongoing portfolio company performance, covenant compliance, and risk metrics

Engage regularly with management teams to track performance and identify opportunities for value creation or risk mitigation

Prepare internal reporting and participate in ongoing portfolio review discussions

Qualification

Financial modelingCredit analysisValuation skillsLeveraged FinancePrivate CreditSpecial SituationsIntellectual curiosityCommunication

Required

1.5-4 years of experience in: Restructuring / RX investment banking, Leveraged Finance, Private Credit / Direct Lending, Special Situations / Distressed Finance

Strong financial modeling, credit analysis, and valuation skills

Experience working on credit-intensive, structured, or event-driven transactions

Comfort evaluating non-sponsor, founder-owned, or operationally complex businesses

Ability to thrive on a lean team with high visibility and real responsibility

Strong communication skills and the maturity to interact directly with management teams and advisors

Intellectual curiosity and a genuine interest in private credit investing