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Distressed credit analyst

London
Permanent
Credit analyst
Posted: 18 March
Offer description

A hedge fund with a strong track record in European credit is looking to hire an Analyst to its growing team. The investment strategy is L/S liquid credit across the spectrum with a particular focus on stressed/distressed credit. We are seeking an Analyst with 3-7 years experience who is looking to take the next step in their career. Responsibilities Idea Generation & Screening: Build pipelines across Europe; identify dislocations, maturity walls, covenant pressure, LMEs and complex structures; maintain watch lists and catalysts. Modelling & Valuation: Build and maintain three‑statement models, liquidity forecasts and recovery/waterfall analyses; run scenarios and EV bridges; assess downside protection and relative value. Documentation & Capital Structure: Review indentures/loan agreements, baskets, guarantor/security packages, transfer restrictions and priming risk; map value breaks and intercreditor dynamics. Trade Construction & Risk: Propose L/S structures (holdco vs opco, senior vs sub, CDS basis, equity‑linked hedges); articulate thesis, variant perception, risks, catalysts and exit criteria; support sizing. Requirements Sell‑side credit desk analyst (HY/loans/distressed flow) at a leading bank. Buyside stressed/distressed analyst at a hedge fund or credit fund. Restructuring at a top bank/elite boutique. Skillset: Strong accounting and modelling (liquidity, debt schedules, recovery waterfalls); fluent in credit documentation and capital structure work. Attributes: Commercial judgement, pace and clarity of thought; concise investment writing; low‑ego, collaborative style. Please apply now if interested in hearing more details about this exciting opportunity.

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