Waterfall Asset Management, LLC is an SEC-registered alternative investment manager focused on specialty finance opportunities within asset-backed credit, whole loans, real assets, and private equity. Waterfall was founded in 2005 by Tom Capasse and Jack Ross, two individuals who were early leaders of the ABS industry, and who together have over 60 years of proven ABS/Loan credit analysis, trading, banking, and servicing experience. Waterfall seeks to provide its client a compelling risk/return profile which is generally uncorrelated to most traditional investment opportunities. Waterfall is headquartered in New York, with additional offices in London, and Dublin. As of May 31, 2024, Waterfall approximately $12.8 billion in assets under management.
Job Description
The Analyst role within the Private Asset-Backed Credit group will include responsibility for assisting with the origination, underwriting, and portfolio management of private investments, which may include asset-backed credit facilities, portfolio acquisitions, and structured equity investments.
Specific job responsibilities include:
- Assist with origination and sourcing efforts to identify private investment opportunities.
- Collect, organize, evaluate and summarize investment opportunities by reviewing teasers, pitch decks and emails, and participating in meetings.
- Participate in underwriting and closing private investments.
- Work with team members to conduct diligence, negotiate and document transaction terms, develop financial and cash flow models, and prepare investment memoranda.
- Communicate with and maintain active dialogue with Wall Street relationships including banking, sales and trading, and research, as well as other investment counterparties.
- Monitor, surveil and value current and prospective portfolio investments.
- Develop and maintain investment surveillance reports.
- Manage any amendments, waivers or investment restructuring processes.
- Coordinate periodic audits and reviews with risk and valuation teams.
- Monitoring market trends to develop views on potential credit and market-related events and attend industry conferences.
Qualifications and Education Requirements
- 2-4 years of relevant experience in a role focused on asset-backed credit.
- Bachelor’s degree (BA/BS).
- Knowledge of asset-backed credit fundamentals, with a focus on cash flow analysis.
- Experience structuring, negotiating and closing asset-backed credit investments.
- Familiarity with asset-backed credit documentation and legal considerations.
- Strong analytical skills.
- Excellent interpersonal skills to maintain relationships with third parties including: borrowers, bankers, co-lenders, lawyers, servicers and team members.
- Strong project management skills to manage a large volume of workflow in demanding and dynamic environment.
- Highly organized, self-motivated, diligent, and detail oriented.
- Significant initiative and team orientation required.
Waterfall Asset Management is an equal opportunity employer, and we value diversity at our company. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
