ABOUT THE JOB

LBC Credit Management, L.P. (“LBC”) is a leading middle market direct lending firm headquartered in Radnor, Pennsylvania, with over 60 dedicated professionals and offices in 5 US cities. LBC is a subsidiary of CIFC LLC (“CIFC”) a $38 billion global credit specialist offering investment solutions across CLO’s and corporate credit, structured and opportunistic credit strategies, employing more than 185 professionals in the US and Europe.

POSITION SUMMARY

LBC’s inaugural lower middle market fund, LBC Small Cap, is seeking to hire an Associate to join its investment team. Founded in 2017 and investing out of a $139 million committed SBIC fund, LBC Small Cap seeks to provide debt capital and equity co-investment to companies with EBITDA greater than $2 million. This is a unique and entrepreneurial opportunity to be an integral member of a new strategy within LBC’s platform.

RESPONSIBILITIES

In order to operate as a value-added member of the investment team, the Associate will work closely with senior members of the deal team before and after transaction close. The Associate will be expected to develop and refine his or her skills in the core areas of private debt and equity investing, and tasks will primarily include, but are not limited to:

• Building transaction based financial models and managing monthly post-close operational models for assigned portfolio companies (covenant projections, liquidity analysis, sensitivity analysis, borrowing base projections, etc.)
• Actively participating in the due diligence process for new investments, working in tandem with the investment team to author investment committee memorandums with accompanying financial analysis
• Helping to develop investment theses on investment opportunities and perform industry/market research
• Actively monitoring investments including communications with management and other equity owners
• Writing monthly and quarterly portfolio investment reviews and memorandum
• Organizing, synthesizing, and drawing conclusions from disorganized sets of data
• Maintaining a meticulous attention to detail, while not losing sight of the “big picture”
• Contributing to on-going business building initiatives and assisting in other operational or administrative projects

QUALIFICATIONS

• Two years experience in one of the following: Investment banking (preferably with leveraged finance and/or M&A experience), Private credit and private equity investing (mezzanine, buyout, special situations), Transaction and strategy consulting
• Bachelor's degree, preferably in finance or related field
• Demonstrates the highest levels of ethics, values, and integrity with ability to effectively deal with highly sensitive, confidential information on a consistent basis
• Proven ability to operate strategically, yet have a hands-on approach when needed
• Strong attention to detail, and a sense of urgency in gathering, synthesizing, and communicating information
• Ability to work and contribute to a team-building environment and strive to understand and improve upon LBC’s existing processes
• Demonstrates high energy and resilience; the ability to manage multiple priorities for multiple constituencies and make on-going decisions while understanding when to elevate decisions to other members of the team
• Strong performance accountability orientation, both in terms of following through on commitments and deadlines, and those of the organization
• Expertise in using Microsoft Excel, Word, and PowerPoint with specific experience in building dynamic financial operating models to help make investment decisions
• Ability to master, with training: financial statement analysis, LBO and merger modeling, and industry and competitive analysis
• Strong organizational, analytical, and communication skills

Apply here.