Waterfall Asset Management, LLC is an SEC-registered institutional asset manager focused on structured credit (asset-backed securities and loans). 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. Capasse and Ross started the ABS Group at Merrill Lynch in the 1980s and conducted the first ABS issuances for many of the more than 40 ABS sectors in which Waterfall invests. Waterfall has approximately $12.8 billion* (*estimate as of May 31, 2024 in assets under management.
Job Description:
Waterfall is looking to hire a Vice President to focus on managing the legal structuring, execution, maintenance, financing, securitization, workout and disposition of asset-backed private credit investments (through both asset acquisitions and as collateral for direct lending facilities) across a range of commercial real estate, consumer and small business asset classes.
Specific job responsibilities include:
- Working closely with the firm’s related business lines (CRE, Private Credit and Bonds) in the management of their respective portfolios of investments.
- Driving deal documentation processes.
- Coordinating internal groups, deal counterparties, external counsel and service providers (e.g. servicers, trustees, custodians and account banks).
- Monitoring relevant regulatory developments.
Qualifications and Education Requirements
- J.D. required.
- At least 5 years of experience managing asset-backed private credit investments and/or capital markets transactions at a top law firm or in-house, preferably on a trading desk in a large investment bank, buy-side firm or similar environment.
- Strong negotiation skills and knowledge of contracts related to CRE and ABS asset classes.
- Familiarity with capital, legal and tax structures, and basic concepts related to consumer regulatory compliance.
- Demonstrated ability to lead/manage multiple transactions, prioritize workload and meet deadlines.
- Ability to oversee and effectively manage outside counsel and internal stakeholders.
- Self-motivated, team player with strong problem solving and analytical skills.
- Excellent verbal and written communication skills.
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.
