Asset & Wealth Management, Private Credit, Investment Grade Corporate Credit, Vice President (Workout & Restructuring) - New York

Responsibilities: Lead end-to-end workout and restructuring execution for stressed positions Evaluate strategic alternatives to maximize risk-adjusted recovery Design and maintain watchlists and escalation protocols with portfolio management and risk Conduct deep-dive credit reviews including liquidity, collateral, and recovery analyses Maintain financial models including liquidity, enterprise valuation, and recovery analyses Negotiate with borrowers, sponsors, lenders, advisers and creditor groups Represent the firm in lender groups and creditor committees Collaborate with legal teams to document and close amendments/restructures and manage in-court actions Identify liability management opportunities and creditor-on-creditor risks Present recommendations to internal stakeholders and committees (Investment Committees, credit risk) Coordinate with valuation, finance and compliance on marks, impairments, and reserve assessments Communicate with clients on affected positions and regulatory/capital implications for insurance clients Provide post-mortem feedback to origination and underwriting to improve documentation and credit selection Develop the Restructuring & Workouts playbook and foster relationships with advisers, law firms and lenders Mentor, train, and gradually build the restructuring team as the platform scales

Key requirements: 8-12+ years in credit restructuring, workouts, special situations, or distressed investing Direct experience working out loans or private placements that deteriorated from IG or performing Deep knowledge of capital structures, creditor rights, recovery dynamics, intercreditor and subordination Strong command of credit agreements, note purchase agreements, and indentures (covenants, events of default, lender remedies) Working knowledge of U.S. bankruptcy and out-of-court restructuring tools Strong financial modeling, analytical, and problem-solving skills Proven negotiator across borrowers, sponsors, counsel, and other creditors Excellent written and verbal communication with experience presenting to investment committees and senior stakeholders Ability to analyze varied industries and capital structures under time pressure Organized, detail-oriented, and self-directed Negotiation Communication (verbal and written) Leadership and mentoring Financial modeling (liquidity, enterprise valuation, recovery analyses) Credit analysis and restructuring tools Knowledge of credit agreements, covenants, events of default, lender remedies