Vice President | Director
Private Credit (Underwriting, Portfolio Management & Workouts)
Location: Boston, MA
Reports To: Head of Underwriting & Portfolio
Position Overview
The VP | Director will play a key role across underwriting, portfolio management, and workout/restructuring activities within the firm’s private credit platform. The ideal candidate brings strong experience in corporate secured lending – cash flow or/and asset-based lending. The VP | Director will drive rigorous deal analysis, disciplined portfolio oversight, and support capital preservation and recovery strategies across performing and non-performing assets. The role requires strong analytical abilities, credit judgment, and effective coordination with senior leadership and cross-functional teams.
Key Responsibilities
Underwriting & Execution
- Lead underwriting workstreams and conduct detailed credit due diligence for new investment opportunities.
- Evaluate company fundamentals, cash flow drivers, leverage capacity, collateral coverage, and downside risks.
- Build and review financial models, and sensitize projections.
- Work with legal counsel on credit agreements, collateral documentation, and intercreditor arrangements.
- Prepare and present underwriting materials and investment committee memoranda, articulating thesis, risks, structural protections, and expected returns.
Portfolio & Risk Management
- Manage an assigned portfolio of credit investments, monitoring borrower performance, covenant compliance, and collateral trends.
- Maintain and update internal credit ratings, watchlists, and key performance metrics.
- Participate in periodic portfolio reviews and contribute to internal valuations and investor reporting.
- Identify early warning signals and collaborate with senior team members to implement proactive risk-mitigation strategies.
Workouts, Restructurings & Special Situations
- Support workout, restructuring, and recovery strategies for underperforming or distressed loans.
- Assist in developing and executing strategies such as amendments, recapitalizations, restructurings, and debt-to-equity conversions.
- Coordinate with external advisors, consultants, legal teams, and CROs to help maximize recoveries.
- Analyze secondary market opportunities, distressed exchanges, and opportunistic financing scenarios.
- Support special situations transactions such as bridge loans, DIP financings, and structured capital solutions.
Strategic Contribution & Leadership
- Provide insights on credit risk, deal structuring, and market trends to inform underwriting and portfolio decisions.
- Mentor and guide analysts and associates on credit analysis, modeling, due diligence, and restructuring concepts.
- Collaborate across underwriting, risk, and portfolio teams to enhance processes and frameworks.
Qualifications
- 8 to 15 years of experience in direct secured lending or private credit.
- Strong background in cash flow and/or asset-based lending, and legal documentation.
- Experience supporting workouts, restructurings, or recovery processes within a lending or private credit environment.
- Robust understanding of credit documentation, security packages, and restructuring mechanisms (e.g., Chapter 11, Article 9).
- Advanced financial modeling, valuation, and scenario analysis skills.
- Bachelor’s degree in finance, accounting, or economics; MBA, CFA, or CPA preferred.
Personal Attributes
- Strong analytical thinker with sound credit judgment and disciplined risk awareness.
- Calm, practical, and solutions-oriented under pressure.
- Excellent communication, negotiation, and presentation skills.
- Team-focused and effective in a fast-paced investment environment.
Compensation
Competitive base salary, annual performance bonus.
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