Distressed Credit Associate
Invesco
As one of the world’s leading asset managers, Invesco is dedicated to helping investors worldwide achieve their financial objectives. By delivering the combined power of our distinctive investment management capabilities, we provide a wide range of investment strategies and vehicles to our clients around the world.
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Job Description
About the Team
The distressed credit & special situations team within Invesco focuses on opportunistic stressed and distressed investments as well as special situations control opportunities across the United States and Europe. We are part of Invesco’s global private credit platform, with approximately $40 billion of assets under management today across broadly syndicated loans, structured credit, direct lending and distressed credit. The team has been together since 2016 and maintains a private equity style approach to sourcing, diligence, and execution of investments. We manage approximately $1.5 billion in assets and are currently investing out of our third special situations fund as well as an opportunistic private credit vehicle. People and a collaborative culture are the foundation of our success, and it is our mission to hire, develop and retain the best talent in our industry.
Your Role
This position is an exciting opportunity to join our New York Office as a Distressed Credit Associate. You will assist in analyzing and evaluating stressed credit trades and distressed-for-control investments across a wide range of industries. Associates are expected to have strong communication (verbal and written) skills, excellent modeling abilities, and be comfortable reading and understanding financial and legal documentation. Ideal candidates will be detail-oriented, intellectually curious, and have a passion for investing and learning about different business models. The team is looking for someone with sound judgment and strong technical skills who is driven, humble, a self-starter and a good team player. Note that while this is a two-year program, there is a track record of promotion for strong performers
Key Responsibilities / Duties:
Analyzing and executing new investment opportunities
Driving due diligence process, including the creation of investment committee materials, presenting analysis and findings to team / investment committee
Interacting with management teams, advisors, and other constituents
Post-investment monitoring and management of portfolio investments
Monitoring of markets and current industry trends
Work Experience / Knowledge:
Prior experience as an investment banking analyst with at least one full year of experience in a restructuring, leveraged finance, M&A, or other relevant industry group or
Prior experience at a credit-focused buy-side firm (e.g., hedge fund, special situations, direct lending, etc.)
Preference will be given to candidates with demonstrated experience in restructuring/work-out situations
Formal Education: (minimum requirement to perform job duties)
Undergraduate degree from a top institution, with minimum GPA requirement of 3.5
We are recruiting for 2 Associate positions.
The salary range for this position in New York is $110,000 - $125,000 annually. The total compensation offered for this position includes salary and incentive pay and will vary based on skills, experience, and location. The incentive opportunity up to 100% of base salary.
Full Time / Part Time
Full timeWorker Type
EmployeeJob Exempt (Yes / No)
YesWorkplace Model
At Invesco, our workplace model supports our culture and meets the needs of our clients while providing flexibility our employees value. As a full-time employee, compliance with the workplace policy means working with your direct manager to create a schedule where you will work in your designated office at least three days a week, with two days working outside an Invesco office.
What’s in it for you?
Our people are at the very core of our success. Invesco employees get more out of life through our comprehensive compensation and benefit offerings including:
Flexible time off and opportunities for a flexible work schedule
401(K) matching of 100% up to the first 6% with additional supplemental contribution
Health & wellbeing benefits
Parental Leave benefits
Employee stock purchase plan
The above information on this description has been designed to indicate the general nature and level of work performed by employees within this role. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities and qualifications required of employees assigned to this job. The job holder may be required to perform other duties as deemed appropriate by their manager from time to time.
Invesco's culture of inclusivity and its commitment to diversity in the workplace are demonstrated through our people practices. We are proud to be an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, creed, color, religion, sex, gender, gender identity, sexual orientation, marital status, national origin, citizenship status, disability, age, or veteran status. Our equal opportunity employment efforts comply with all applicable U.S. state and federal laws governing non-discrimination in employment.