Vice President – Asset Management – Turnaround & Restructuring NYC Private Credit Investment Firm
J Harlan Group
- New York City, NY
- Permanent
- Full-time
- · Lead the Firm’s restructurings, evaluate and supervise liquidations, turnarounds, and restructurings;
- · Manage monitoring and post-investment relationship with multiple portfolio companies from deal close to deal exit;
- · Interface with portfolio company executives to understand operational milestones and work with them to accomplish their goals;
- · In the event of covenant breach, default, or other crises: (a) identify and recommend solutions, (b) lead execution of the chosen solution or set of solutions, which may range from legal, financial or operational remedies, which can often include working directly with the management team and/or external advisors;
- · During deal execution, perform operational diligence of borrowers and work with investment team to develop reporting and key performance indicators for portfolio companies and help structure monitoring packages;
- · Establish and track loan covenants and other early warning indicators to ensure compliance and alert to risk;
- · Prepare portfolio updates and KPI performance that will be presented to the Investment Committee;
- · Communicate findings and analyses, across mediums, with team and firm senior management;
- · Develop sector intelligence to support monitoring, new deal execution and Firm knowledge base.
- Vice President candidates must have 10+ years of work experience with either (or both) of the following backgrounds:
- Corporate restructuring, private credit, private equity, or special situations, specifically with hands-on experience in directly managing workouts, restructurings, and crises management with borrowers and company managers.
- Chief Financial Officer (CFO) with (i) ideally a track-record of operating one or more private-equity backed companies in multiple industries, (ii) advanced familiarity with complex capital structures, (iii) experience negotiating complex commercial and credit agreements as well as managing lenders and investors in both healthy-state and crisis situations, (iii) ability to operate in a fast-moving environment, to rapidly absorb the fundamentals of new industries and business models, while managing multiple projects simultaneously, and (iv) ability to both manage small project teams and also directly impact as an individual contributor.
- Interpersonal skills and maturity to communicate effectively with lower middle market management teams and extract actionable intelligence from complex situations;
- Advanced Excel Skills: Ability to build operational and financial models, correlation, valuation, runoff, liquidation, and various other types of analyses with limited supervision;
- Proven and demonstrable analytical capabilities, ability to creatively extract and evaluate relevant data points from imperfect sets of information;
- An entrepreneurial mindset and the capability to manage multiple complex situations in parallel, understanding the operating requirements of private businesses during growth, evolution and potentially turnaround phases;
- Effective writing skills for the creation of memorandums and investment performance summaries;
- Ability to understand and negotiate complex credit and other legal agreements;
- Advanced familiarity with capital structure and corporate debt including: Leveraged Finance; Restructuring; Structured Finance; and ABS;
- Strong academic record and a bachelor’s or higher degree in Finance, Business,
- Analytic and relentless in pursuit of the right answer
- Strong communicators who excel at rapid synthesis
- Able to demonstrate sound business judgment
- Able to digest complexity while maintaining an understanding of the “big picture” of business needs
- Team players who are energized by a collaborative enterprise