Associate, Asset Management
Metropolitan Partners Group
2021-12-03 08:50:50
Miami, Florida, United States
Job type: fulltime
Job industry: Banking & Financial Services
Job description
Metropolitan Partners Group
Job Description: Associate, Asset Management Group
Firm Overview:
Metropolitan Partners Group () is a private credit fund manager that provides growth capital structured as senior-secured, transitional loans to unsponsored, lower-middle-market businesses. The firm makes investments of up to $30 million with terms of 12 to 36 months. Metropolitan operates like a private equity firm with a highly experienced team of 25 professionals with deep investment and operating expertise. Over our 12-year history, Metropolitan has completed over 100 transactions and deployed more than $1.2 billion in capital to companies across a variety of sectors.
Position:
Associate candidates must have 3+ years of experience working in corporate restructuring, private credit, private equity, or special situations, specifically with hands-on experience in credit analysis and/or directly managing workouts, restructurings, and crises management with borrowers and company managers.
Metropolitan's Asset Management team builds robust relationships with portfolio companies utilizing a customized process to learn and monitor the intricacies of a business' operations and key performance indicators, with the goal of maximization of return for the firm's investment portfolio. In addition to investment and credit monitoring experience, Associate candidates will be expected to have the financial and legal analytical skillset, business judgment, and maturity to own and manage multiple monitoring relationships from initial funding to exit.
Location:
Miami (with regular travel to New York) or New York
Responsibilities:
· Manage monitoring and post-investment relationship with multiple portfolio companies from deal close to 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;
· Collaborate with colleagues to evaluate runoff alternatives and supervise liquidations & restructurings;
· 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.
Qualifications:
· Associate candidates must have 3+ years of experience working in 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.
· 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;
· Able to travel domestically;
· Undergraduate degree required, with a record of academic achievement. Concentration in Finance, Business, Accounting, Engineering, Mathematics, or Sciences preferred;
· MBA, CFA or other relevant graduate degree or certification a plus;
· Authorization to work in the United States
Please forward a resume and cover letter with the Subject Line "Asset Management Associate" to if you are interested in this opportunity.