Vice President, Senior DebtNew York, NY

Vice President, Senior Debt

Audax Group is a leading alternative investment manager with offices in Boston, New York, San Francisco, and London. Since its founding in 1999, the firm has raised over $40 billion in capital across its Private Equity and Private Debt businesses. With more than 400 employees and approximately 180 investment professionals, the firm is a leading capital partner for North American middle market companies.

Audax Senior Debt is a highly successful and very well-established investor in the U.S. middle market private debt industry. Audax Senior Debt has invested over $30 billion across more than 850 established U.S. middle market companies in support of over 250 private equity sponsors. Our primary focus is to invest in first lien senior secured loans to support sponsor-led buyouts. The investment team maintains focus on a deep understanding of credit during both the underwriting and portfolio monitoring process.

Position Description :

This position will focus on underwriting and managing a portfolio of senior secured loans that will include first lien, unitranche, and in some cases junior debt facilities. The loans will include agency, co-lead, joint-lead, and club member for private credit and broadly syndicated loans.

The Vice President will provide oversight and direction on new investment underwriting for junior team members, providing direction for key areas of focus with senior team and committee members, including facilitating negotiations on grids, term sheet and broader credit documents, communicate periodic analysis on the financial performance of the companies under management, present at portfolio review investment committee and watchlist meetings, analyze incremental investment opportunities, evaluate amendment requests, follow industry trends, make follow-on primary and secondary market investment recommendations and aid in originators pitching new opportunities to sponsors. The candidate should have proficiency with credit documentation from grids, term sheets, credit agreements and related documents.

Responsibilities :

• Conduct industry and business due diligence devising methods for gathering and assessing financial and market data through primary and secondary data sources
• Drive due diligence process, new investment and portfolio monitoring workstreams
• Perform financial and technical analyses, develop financial models based on company and industry data to determine appropriate structures, downside protection and potential performance

Qualifications :

For New York City only : The base salary range for this position is $150,000 - $225,000. The base salary range represents the estimated low and high end for this position at the time of this posting. Consistent with applicable law, compensation may vary and will be determined based on but not limited to, the skills, qualifications, and experience of the applicant along with the requirements of the position, and Audax reserves the right to modify this pay range at any time. An employee may also be eligible for annual discretionary incentive compensation based on performance.

Audax offers a wide range of employee benefits, including health insurance, life insurance, disability insurance, paid time off (including sick leave, parental leave, volunteer leave, and vacation), charitable donation match, family support services (including Bright Horizons and Benefit Advocate Center), and a 401(k) in addition to other benefits.

This job description is not designed to cover or contain a comprehensive listing of activities, duties, or responsibilities that are required of the employee. Duties, responsibilities, and activities may change or new ones may be assigned at any time with or without notice.

Audax Management Co. is an equal opportunity employer.