Vice President - Restructuring/Workout

Arena Investors • Full-time • Remote (Purchase, New York, United States) • 6d ago

Arena Investors, LP is a global investment management firm that seeks to generate attractive risk adjusted, consistent and uncorrelated returns by employing a fundamentals based, asset-oriented financing and investing strategy across the entire credit spectrum in areas where conventional sources of capital are scarce. Arena specializes in off-the-run, stressed, distressed, illiquid and esoteric special situation transactions through originations and acquisitions of asset-oriented investments across a wide array of asset types, including but not limited to, private direct corporate credit, commercial real estate bridge lending, and commercial and consumer assets.

Quaestor Advisors (“Quaestor”) is an affiliated Special Servicer, which provides mid and back-office services, including asset management, to Arena Investors and external clients.

Quaestor is looking to expand the team through the addition of a VP/SVP Credit Restructuring / Workout professional. In this role, this individual will initially work independently but ultimately will be expected to grow and manage a small team. The Asset Management Group’s primary responsibilities include portfolio surveillance, maximization of return for the firm’s investment portfolio, and asset valuation. Ideal candidates will be organized, self-motivated, resourceful, and able to work effectively with all internal functional groups.

Responsibilities:

Independently manage a wide range of bespoke illiquid credit investments including monitoring of business and financial performance of the portfolio counterparty as well as research and analysis of market dynamics.

Review financial statements, 13-week cash flow statements, covenants

Negotiate and carry out amendments, waivers, consents and any other legal documents pertaining to the asset under management in both out of court and in court restructuring processes

Analyze, propose, negotiate, and implement the sale or refinancing of assets.

Ability to effectively communicate both internally and externally with C-Suite individuals.

Responsible for monthly valuation of all assigned financings.

Must be a “Player Coach”, with personal responsibility for modeling and managing complicated assets, while overseeing and training team members and support analysts.

Extensive interface with Front Office, Asset Management, Finance and Operations teams, as well as Quaestor Strategic Advisors

Prepare presentations that will include background information, transaction structure, financial projections, and restructure recommendations.

Work with the Managing Directors of Asset Management to build out the team overtime as the asset base grows.

The individual will have demonstrated an ability to work in a fast-paced, performance-driven environment with the ability to think broadly about the business, incorporating continual improvement of processes and procedures with a goal of excellence, while focusing on accuracy, efficiency and returns.

7-10 + years industry experience in credit and restructuring roles. Strong fundamental credit, negotiating, and influencing skills, as well as loan document, knowledge. Heavy exposure to legal processes, including bankruptcy and UCC foreclosure. Must be able to direct attorneys through the restructuring process. Exposure to diverse credit structures, complicated structured illiquid transactions, and a broad base of industries. Ability to write clear and concise memoranda. Excellent excel modeling skills. Industry contacts with financial advisors and law firms. The highest level of personal integrity and ethical standards. A positive attitude, strong work ethic and a desire to work collaboratively across the organization.