Distressed & Special Situations Strategy Analyst

Analyst, Fixed Income – Distressed & Special Situations Strategy

Position Summary

Jefferies is seeking a highly motivated Analyst to join its Fixed Income Division within the Distressed & Special Situations Strategy team. The Analyst will work closely with senior strategists, sales, trading, research, and banking professionals to identify, evaluate, and communicate investment opportunities across distressed debt, stressed credit, event-driven situations, restructuring opportunities, and special situations markets. The role combines rigorous financial analysis with market intelligence to support institutional investor clients seeking value in complex credit situations.

Key Responsibilities

• Conduct fundamental credit analysis on distressed and stressed corporate issuers across industries.
• Analyze capital structures, recovery values, and restructuring scenarios.
• Build and maintain financial models, valuation models, and liquidation/reorganization analyses.
• Monitor bankruptcy proceedings, liability management exercises, exchange offers, restructuring transactions, and other special situations.
• Generate actionable investment ideas across bonds, loans, trade claims, structured products, and related securities.
• Produce written research reports, market commentary, and thematic presentations for internal stakeholders and institutional clients.
• Track macroeconomic developments and industry trends impacting distressed and special situations investments.
• Support senior strategists in client meetings, marketing efforts, and investor communications.
• Collaborate with sales and trading teams to help identify market technicals and trading opportunities.
• Utilize Bloomberg, Capital IQ, FactSet, court filings, and other market resources to gather and analyze data.

Qualifications

• Bachelor's degree in Finance, Economics, Accounting, Mathematics, Engineering, or related discipline.
• 1-3 years of relevant experience in credit research, leveraged finance, restructuring, investment banking, distressed investing, or fixed income markets.
• Strong understanding of corporate credit, capital structures, debt instruments, and financial statement analysis.
• Experience building integrated financial models and valuation analyses.
• Knowledge of distressed debt investing, bankruptcy processes, and restructuring frameworks is highly preferred.
• Advanced proficiency in Excel and PowerPoint.
• Familiarity with Bloomberg, FactSet, Capital IQ, or similar financial databases.
• Strong written and verbal communication skills.
• Ability to manage multiple projects in a fast-paced market environment.

Typical Areas of Analysis

The Analyst would be expected to cover:

• Distressed corporate bonds
• Leveraged loans
• Credit opportunities arising from restructurings
• Liability management transactions
• Chapter 11 and out-of-court restructurings
• Event-driven and catalyst-driven credit situations
• Special situations across investment grade, high yield, and leveraged finance markets
• Relative value opportunities within capital structures

Primary Location Full Time Salary Range of $100,000 - $120,000.