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) Firm Overview 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. Position Overview 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. Key Responsibilities Investment Underwriting & Analysis 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 Deal Execution Support due diligence across legal, operational, servicing, and collateral reviews Prepare investment committee materials and clearly articulate key risks Coordinate with external advisors, counterparties, and internal stakeholders Portfolio Management 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 Ideal Background 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 What Both Roles Offer 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 #J-18808-Ljbffr Selby Jennings