Sixth Street, a leading global investment firm dedicated to developing innovative investment strategies and fostering growth across various stages of business, is seeking an Analyst for its market leading Asset Based Finance team. The Sixth Street Asset Based Finance group is at the forefront of asset/platform investing and origination, working across diverse financial markets, including residential and commercial mortgages, consumer assets, commercial equipment, renewables and energy finance, infrastructure debt and transportation. The Asset Based Finance team is a critical strategic capital partner and investor to companies and management teams and a solutions provider at scale. The Role
This is a full-time Investing Analyst role based in New York. As an Analyst on the Asset Based Finance team, you will be responsible for analyzing, underwriting, and executing structured finance transactions across asset classes.
Core Responsibilities
Conduct due diligence on investment opportunities, including in-depth analysis on portfolios of assets, asset-based lending opportunities, structured debt, specialty finance companies, and financial institutions; work with and manage third-party diligence providers to facilitate the review and closing of transactions
Analyze and underwrite potential investments by reviewing historical performance data (e.g., prepayment, default, and recovery data, as well as other key information depending on the transaction), developing cash flow projection models, and performing investment analyses; model underlying asset cash flows across asset classes and create sensitivity and comparable analyses to assess the relative risk and value of potential investments
Assist in preparing investment committee memos, diligence memos, and other investment analyses
Accountability – ensure the quality, completeness, and accuracy of analyses and other deliverables associated with investment decisions
Ability to assess non-economic, legal documentation risks and review and comment on transaction documentation (term sheets, purchase and servicing agreements, credit agreements, etc.)
Monitor positions on an ongoing basis and perform quarterly valuations of investments
Interface and negotiate with external counterparties
What We Value
Highly self-motivated, entrepreneurial, and team-oriented candidates with strong modeling skills
Commercial and Results Orientation
Team orientation and influencing skills
High Trust and Integrity
Strategic / Entrepreneurial Mindset
Strong combination of organizational and interpersonal/communication skills
Prior buyside experience or securitization investment banking (with a focus on whole loan trading or warehouse lending) experience is strongly preferred
Preferred
1-3 years of Finance or Investment Banking experience within a Structured Finance or Financial Institutions focused group or similar buyside experience
Experience underwriting, structuring, and reviewing consumer, residential, and commercial whole loan pools, asset-backed securitizations, and private asset-backed credit facilities
Superior valuation, modeling, and Excel skills evaluating financial assets
Strong accounting, finance, modeling, and problem-solving skills
Keen interest in the financial markets and good commercial instincts
Ability to multi-task and maintain composure in a high-volume environment
Strong sense of urgency; ability to execute quickly and efficiently with attention to detail
Strong verbal and written communication skills and ability to interact and collaborate with internal and external stakeholders
Comfortable working in a high growth, iterative environment
Intex, VBA, Collateral Analysis System (CAS), and Snowflake/SQL proficiency is preferred but not mandatory
Compensation
The base salary for this position is expected to be between $110,000 and $125,000. The base salary offered to the selected candidate will be commensurate with a candidate’s relevant experience and other qualifications for the position, as determined by Sixth Street in its sole discretion. In addition to base salary, this position is eligible for an annual discretionary bonus and a competitive benefits package. Benefits offered currently include health, life, long-term and short-term disability insurance and a 401(k) plan. In addition, this role is eligible for paid public holidays (NYSE calendar), paid sick days pursuant to local laws, and additional reasonable time off subject to manager approval. If a job offer is extended for a location other than New York, the salary range may differ based on the location. About Sixth Street
Founded in 2009, Sixth Street is a leading global investment firm dedicated to developing themes and offering solutions to companies across all stages of growth. Our firm is designed for cross-platform collaboration at scale: we build businesses, invest for growth, acquire assets, provide direct financing, identify value in public markets, purchase royalty streams, and regularly develop first-of-their-kind structures to meet the strategic objectives of management teams. We do all this globally and as one unified team of investment and control-side professionals working on behalf of our institutional investors and their beneficiaries around the world. We believe adhering to our core values is a competitive advantage. Everyone on our team contributes their perspectives and expertise to help us solve complex challenges and get to the right answer. At Sixth Street, the best idea wins. For more information, visit the Sixth Street Careers site or follow us on LinkedIn. If you are not eligible for this role, please refer to our Careers Page for other opportunities.
