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Waterman Stern is representing a Tier 1 distressed fund with approximately $7bn of capital in open and closed-end investment vehicles. Our client is offering an exciting opportunity to join their European focused investment team in London.
Investment Associate – Distressed Investing
Waterman Stern is representing a prestigious distressed credit fund with approximately $7 billion of capital under management in hedge fund strategies and private equity vehicles. Founded 20 years ago, our client today has 115 employees, including 45 investment professionals, across its main offices in London and Tokyo. Our client is a distressed and deep-value investment firm with a geographical focus on the U.S. and Europe. They have also developed domain expertise in a select number of industries including infrastructure, power, and industrials.
The investment team provides a wide range of investment strategies across both public and private deals. These include; control and non-control investing, loan to hold, bonds and loans, restructurings, bankruptcies, new money, debt for equity and reorganizations.
Our client offers a stable platform where there is lots of room to grow in responsibility and seniority. They have a good culture and look to offer individuals the ability to work autonomously and with a great deal of responsibility at this level. They are widely accepted to be a Tier 1 PE focussed distressed investment fund. Like their peers, they have an operational portfolio team creating additional value in the organizations they invest in. It is imperative that the successful candidate has the commercial awareness to see value propositions and accurately navigate risk from a private equity perspective. Whilst the business can and will look at tradeable opportunities, the key focus is control/turnaround situations.
Main duties and responsibilities
Performing comprehensive analysis on distressed debt/special situations to support trading and positioning.
This role requires you to support the senior management on investment ideas but to be able to support your own investment ideas.
Analysis focusing on detailed corporate going concern, liquidation and recovery valuations; restructuring and bankruptcy analysis; and credit arbitrage strategy.
Executing valuation, financial models and processing legal and financial due diligence documents.
Applying valuation and deal structuring expertise in areas such as public, private and structured debt vehicles and using the analytical results to develop the most suitable strategies to further acquire assets and exit these assets over time.
Solid accounting, corporate finance, valuation, and credit skills gained through extensive experience in areas such as mergers and acquisitions, leveraged finance, private equity, and debt or equity research.
Other duties as assigned
Skills and academic qualification required
3-5 years' experience in distressed debt, restructuring or special situations.
Strong analytical, financial modeling and research skills
Strong communication (verbal and written) skills
Proficient in Excel, Word, PowerPoint and other software
Candidate must be organized, detail-driven and process-oriented
Language skills are preferred but not essential for this role.