Private Credit Associate Job at Waterfall Asset Management LLC, New York, NY

SUtBbld0WWFKWG12RUFhRHR5U296TUFYNUE9PQ==
  • Waterfall Asset Management LLC
  • New York, NY

Job Description

Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS/Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of December 1, 2024, Waterfall approximately $13.1 billion in assets under management.

Job Description

The Associate role within the Private Asset-Backed Credit group will include responsibility for assisting with the origination, underwriting, and portfolio management of private investments, which may include asset-backed credit facilities, portfolio acquisitions, and structured equity investments.

Specific job responsibilities include :

  • Assist with origination and sourcing efforts to identify private investment opportunities.
  • Collect, organize, evaluate and summarize investment opportunities by reviewing teasers, pitch decks and emails, and participating in meetings.
  • Participate in underwriting and closing private investments.
  • Work with team members to conduct diligence, negotiate and document transaction terms, develop financial and cash flow models, and prepare investment memoranda.
  • Communicate with and maintain active dialogue with Wall Street relationships including banking, sales and trading, and research, as well as other investment counterparties.
  • Monitor, surveil and value current and prospective portfolio investments.
  • Develop and maintain investment surveillance reports.
  • Manage any amendments, waivers or investment restructuring processes.
  • Coordinate periodic audits and reviews with risk and valuation teams.
  • Monitoring market trends to develop views on potential credit and market-related events and attend industry conferences.

Qualifications and Education Requirements

  • 3-5 years of relevant experience in a role focused on asset-backed credit.
  • Bachelor’s degree (BA/BS).
  • Knowledge of asset-backed credit fundamentals, with a focus on cash flow analysis.
  • Experience structuring, negotiating and closing asset-backed credit investments.
  • Familiarity with asset-backed credit documentation and legal considerations.
  • Strong analytical skills.
  • Excellent interpersonal skills to maintain relationships with third parties including: borrowers, bankers, co-lenders, lawyers, servicers and team members.
  • Strong project management skills to manage a large volume of workflow in demanding and dynamic environment.
  • Highly organized, self-motivated, diligent, and detail oriented.
  • Significant initiative and team orientation required.

Job Tags

Similar Jobs

JEO Consulting Group

LiDAR Survey/CAD Technician Job at JEO Consulting Group

 ...serving each other and our communities. Together, we can make a difference while building a rewarding career! Job Summary The LiDAR Survey Technician is responsible for operating and maintaining LiDAR equipment, collecting and processing data, and creating accurate maps... 

Altea Healthcare

Physician Assistant Certified***Weekends***PRN*** Job at Altea Healthcare

 ...California Compensation: $500 - $675 per day + Uncapped Bonus Potential Job Type: Part-Time ***This role is schedule on the weekends.*** Launch or Grow Your Career in Post-Acute Care! Are you a Physician Assistant (PA-C) looking for a rewarding and... 

Confidential Careers

Sales Manager Job at Confidential Careers

 ...URGENTLY HIRING: Sales Manager - Residential Roofing Location: New Berlin, WI Compensation: $150K-$225K per year (Base Salary $70K + Commission | W2) Job Type: Full-Time Industry: Roofing / Construction / Exterior Services Why Guardian Home Improvements?... 

Pearse Partners

Investment Banking Associate Job at Pearse Partners

 ...Pearse Partners has partnered with a mid market investment bank looking to expand their M&A team in Denver with an Associate hire due to strong deal flow. The Associate can choose to specialise across Consumer, Industrials, tech/services or be a generalist. Key responsibilities... 

Robert Half

Sr. Marketing Strategist Job at Robert Half

 ...Job Title: Senior Marketing Strategist Location: West Palm Beach, FL ( Local residents only / No relocation ) 3 days onsite/2 days remote Employment Type: Full-Time Salary: $90,000 - $120,000 About the Company Our client is a fast-growing startup on a...