Senior Associate, Workout

Position Information

Hiring Manager:

Head of BSL Workout

Department:

Broadly Syndicated Loans

Department Overview

Golub Capital’s Broadly Syndicated Loans Group (“BSL”) curates well diversified portfolios of high quality syndicated senior secured loans. The group purchases assets in the syndicated loan market that are structured, arranged and administered by large commercial or investment banks. These arranged loans are sold broadly to institutional investors such as Golub Capital and tend to be liquid in the secondary market. Our team manages these investments primarily in a series of Collateralized Loan Obligations, Separately Managed Accounts and Opportunistic Credit Funds. The Broadly Syndicated Loans Team works closely with all Firm departments to ensure effective analysis, portfolio management and reporting.

Position Responsibilities

The Senior Associate will work directly with the Head of BSL Workout to assist with:

• Managing a portfolio of the Firm’s most troubled investments, primarily comprised of high quality syndicated senior secured loans
• Developing and implementing plans for maximizing recoveries and minimizing losses on the portfolio
• Preparing, analyzing and modeling potential restructuring alternatives and developing analyses and what-if scenarios
• Preparing restructuring / amendment / waiver requests along with other written updates on portfolio accounts
• Negotiating with various constituencies including financial sponsors, management, other bank group members and other lenders in the capital structure
• Preparing portfolio update reports
• Developing and maintaining a core set of advantageous relationships with other lenders as well as with legal, financial and operational advisors
• Supporting senior team members as needed

Candidate Requirements

Qualifications & Experience:

• Bachelor’s Degree, preferably with a major in Finance, Accounting, Economics or related financial discipline with an outstanding record of academic achievement
• 4 to 6 years of experience in a finance function, preferably with distressed experience either within an investment bank’s restructuring group or within a buyside investment team
• Formal credit training with experience analyzing stressed and distressed situations
• Strong analytical, financial modeling and research skills
• Ability to effectively communicate with internal and external parties
• Proficiency in Excel, Word and PowerPoint
• Highly organized as well as detail and process oriented is a must
• Experience working with financial sponsors is a plus
• Enthusiastic about working in office and creating a Gold Standard hybrid work culture

Critical Competencies for Success

Our Gold Standards Model defines key behaviors and competencies across 4 dimensions:  Leadership, Achieving Results, Personal Effectiveness and Thinking Critically. These behaviors and competencies drive our ability to win together.

• Leadership:  Role models in this area consistently focus on the right goals and priorities and continually develop themselves and others. Always team players, they influence and engage with others to contribute to a supportive and inclusive culture where all feel welcome.
• Achieving Results:  Role models in this area are high achievers who develop careful plans and deliver consistently and effectively. They hold themselves and others accountable for delivering high quality results, and they remove barriers to ensure others can contribute and grow.
• Thinking Critically:  Role models in this area understand our business, rely on analytical reasoning and seek diverse perspectives to solve problems. They are forward thinking, anticipating issues and addressing them in advance.
• Personal Effectiveness:  Role models in this area build strong relationships, treat others with respect and communicate effectively. They are driven to exceed expectations and are adaptable to changing circumstances.

The department-specific competencies define the knowledge, skills and abilities that are needed to successfully perform the functional or technical work of this role.

• Financial Analysis:  Leverages knowledge of accounting principles, technology and other financial information and metrics to formulate credit opinions and evaluate risk. Develops financial models to drive fact-based decision making.
• Industry Knowledge:  Monitors industry trends and changes within relevant sectors / verticals and recognizes their relevancy and implications from a credit evaluation perspective.
• Portfolio Management:  Understands portfolio indentures, collateralized loan obligations (CLOs) a