Associate – Restructuring & Special Situations Group @ PJT Partners

Finance & Banking (1)

PJT Partners is a global advisory-focused investment bank. Our team of senior professionals delivers a wide array of strategic advisory, shareholder advisory, restructuring and special situations and private fund advisory and placement services to corporations, financial sponsors, institutional investors and governments around the world. We offer a unique portfolio of advisory services designed to help our clients achieve their strategic objectives. We also provide, through PJT Park Hill, private fund advisory and fundraising services for alternative investment managers, including private equity funds, real estate funds and hedge funds.

From the beginning, PJT Partners has firmly believed that having the best people is key to building an enduring franchise. Our perspective was, and remains, that a great team brings in both top tier clients and appeals to a wide-range of diverse, talented colleagues. Fostering an inclusive culture, which welcomes differing perspectives and beliefs, enables us to provide the best advice and insights to our clients.

To learn more about PJT Partners, please visit our website atwww.pjtpartners.com.

Responsibilities

The Restructuring and Special Situations Group (“RSSG”) advises both large and middle market companies, financial sponsors and creditor groups in financially distressed situations, both in Chapter 11 bankruptcy proceedings as well as in out-of-court restructuring, capital raising and strategic advisory transactions. Founded in 1991, the RSSG team consistently maintains an industry-leading market share having been named IFR’s Restructuring Advisor of the Year four consecutive years in a row from 2020 – 2023.

As a leading restructuring and liability management franchise, the group has been involved in many of the largest and most high-profile reorganizations and liability management transactions that have occurred in the last decade. In a restructuring and liability management transaction, a wide range of strategic advisory services are provided including providing analyses and advice on recapitalizations, reorganizations, exchange offers and distressed mergers and acquisitions, raising debt and equity capital and providing expert witness testimony on a range of topics including corporate valuations.

Associates within RSSG have the responsibility to drive the deal process, manage resources and anticipate issues in highly complex, time-sensitive restructuring and liability management transactions. They work directly with senior deal team professionals, clients and other stakeholders to evaluate, structure, and negotiate complex financial and strategic alternatives. Associates receive broad-based exposure to a full spectrum of dynamic issues that arise in restructuring and liability management transactions, including valuation analyses, capital raising, mergers and acquisitions, asset sales, credit negotiations, exchange offers and Chapter 11 reorganizations.

Additional responsibilities include:

Developing company business plans;
Building financial models and valuation analyses;
Analyzing capital structures, credit documents and indentures;
Preparing various presentations to support deal processes;
Facilitating client and counterparty due diligence and discussions with companies, legal counsel and turnaround advisors;
Preparing liquidity, waterfall and liquidation analyses;
Working closely with junior deal team members to complete deal objectives.

Qualifications

PJT Partners seeks to hire individuals who are highly motivated, intelligent and have demonstrated excellence in prior endeavors. In addition, qualified candidates will possess the following:

A minimum of 3 – 5 years of experience in the restructuring industry and/or distressed investing with a demonstrated track record of success;
Advanced degree (MBA and/or JD) is preferred;
Academic background in finance, accounting or economics;
Technical expertise in restructuring and/or distressed company situations;
Professional and confident communication skills to interface with senior management at clients and internal deal teams;
Ability to drive the deal process, manage resources and anticipate issues in highly complex, time-sensitive situations;
Effective deal team manager and real team player who creates an inclusive work environment through promotion of teamwork;
Ability to work in high-pressure situations with distressed companies and other stakeholders;
Strong work ethic who thrives in a collaborative and team-oriented culture.

Expected annualized base salary of $225,000 to $250,000.

This range represents the low and high ends of the expected annualized base salary for this position. The specific base salary received by any employee will be informed by a number of factors, including but not limited to, role level and scope, location, candidate’s relevant qualifications, skills and experience.

Base salary is one component of PJT Partners’ compensation structure. In addition to base salary, PJT Partners’ compensation structure may include additional rewards, incentives, and benefits, including but not limited to, a discretionary bonus component.

PJT is an equal opportunity employer. We do not discriminate on the basis of, and will consider all qualified applicants for employment without regard to race, color, religious creed, religion, sex, pregnancy, national origin, ancestry, citizenship status, age, marital or partnership status, sexual orientation, gender identity expression, disability, medical condition, genetic information or predisposition, veteran or military status, status as a victim of domestic violence, a sex offense or stalking, or any other category protected by law. PJT Partners also complies with all applicable laws with regard to providing reasonable accommodation of disabilities to applicants. For more information or to request an accommodation, please contact Human Resources.

California Applicants:

PJT Partners will consider for employment qualified applicants with arrest and/or conviction records in a manner consistent with applicable law including, but not limited to, the San Francisco Fair Chance Ordinance and/or Los Angeles Fair Chance Initiative for Hiring Ordinance.

Applicant Privacy Notice:

View our Applicant Privacy Notice https://info.pjtpartners.com/PJT_Global_Applicant_Privacy_Notice here. If you are a California resident, please refer to our California Applicant Privacy Notice https://info.pjtpartners.com/California_Applicant_Privacy_Notice for further information.

*In order to be considered, please ensure your resume/CV is submitted in PDF format.

Associate – Restructuring & Special Situations Group

PJT Partners

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