Overview
Asset Backed Credit Associate Jobs in New York, NY at Selby Jennings
Title: Asset Backed Credit Associate
Company: Selby Jennings
Location: New York, NY
Location: New York, NY
Platform: $10B Alternative Credit Firm
Team Size: Currently 3; hiring 2 additional investment professionals
Capital Deployed: $1,000M+ since launch (~2 years ago)
Firm Overview
Our client is a leading Alt Credit Firm with a rapidly growing private credit strategy focused on asset‑backed and specialty finance investments. The team hasAlt deployed over $1Bil since forming the group two years ago and is now expanding to meet significant market opportunity. With a flexible, creative mandate and a collaborative culture, the group invests across a wide range of consumer and esoteric asset classes, including residuals and other complex collateral-backed opportunities.
Role 1: Associate – Asset‑Backed Finance
Position Overview
The Associate will play a central role in evaluating, underwriting, and monitoring asset‑backed and specialty finance investments across consumer, esoteric, and residual‑based strategies. This is an opportunity to join a lean, high‑performing team where Associates have meaningful ownership of analysis, portfolio management, and execution.
Key Responsibilities
Investment Underwriting & Analysis
- Build, maintain, and stress‑test detailed asset‑level cash flow, pool, and residual value models
- Perform deep dive analysis on consumer and esoteric asset classes, including historical performance, servicing behavior, and collateral characteristics
- Assess deal structures, credit enhancements, triggers, and waterfalls
Deal Execution
- Support due diligence across legal, operational, servicing, and collateral reviews
- Prepare investment committee materials and clearly articulate key risks
- Coordinate with external advisors, counterparties, and internal stakeholders
Portfolio Management
- Track ongoing pool performance, servicing trends, delinquencies, and reserve levels
- Participate in quarterly portfolio reviews and valuation discussions
- Maintain strong ongoing dialogue with partners and issuers
Ideal Background
- 2-5 years experience in:
- Asset‑backed finance / specialty finance investing
- Structured credit / securitization groups
- Investment banking within FIG/ABS, lending, or credit
- Strong modeling abilities (pool-level, cashflow waterfalls, structuring analysis)
- Familiarity with esoteric or consumer ABS, residuals, or specialty lending models
- Ability to thrive in a lean, entrepreneurial environment
What Both Roles Offer
- Opportunity to join a rapidly scaling asset‑backed strategy within a top‑tier global platform
- High responsibility, high visibility, and a flat team structure
- Exposure to esoteric, consumer, and residual value strategies
- Flexible mandate with meaningful creativity in structuring
- Collaborative culture with senior principals closely involved in
