# Credit Analyst - Leveraged Loans / Middle Market

**Company:** [Octus](https://hotfix.jobs/companies/octus)
**Location:** New York, NY
**Role:** Finance & Accounting
**Salary:** $90k – $110k/yr
**Experience:** 2+ years
**Skills:** Credit Analysis, Financial Modeling, Three-Statement Modeling, Accounting, Recovery Analysis, Waterfall Analysis, Capital Structure Analysis, Credit Agreements, Indentures, Leveraged Loans, High-Yield Bonds, Liability Management, Chapter 11, Restructuring, Capital Markets Research
**Posted:** 2026-08-06

> The Credit Analyst will analyze stressed and distressed issuers across leveraged loans and high-yield bonds, build financial and recovery models, and publish timely research. The role requires at least two years of relevant credit experience, strong accounting and writing skills, and client-facing communication ability.

## Job Description

## Responsibilities
- Cover stressed and distressed private filers across leveraged loans and high-yield bonds, from early signs of pressure through liability management and Chapter 11.
- Conduct deep-dive credit analysis across unfamiliar sectors and capital structures.
- Maintain an assigned coverage portfolio under continuous surveillance, tracking issuer performance, capital structure developments, sponsor actions, creditor group formation, court milestones, and rating actions.
- Identify issuers exhibiting early indicators of credit deterioration.
- Build and maintain financial models, including three-statement and forward models, and conduct recovery and waterfall analysis across the capital structure.
- Review credit agreements and indentures to determine borrower flexibility and implications for creditor groups.
- Conduct transaction and post-restructuring analysis covering new issues, amendments, exchanges, and emergence capital structures, including estimated recovery and return rates.
- Contribute to thematic and capital markets research addressing sector stress, maturity walls, and broader market trends.
- Write and publish research notes that lead with analytical conclusions and substantiate them with supporting data.
- Collaborate with legal analysts and reporters, supporting coverage with financial and quantitative analysis.
- Engage directly with subscribers, address inquiries on live situations, and present on client calls and webinars as required.

## Requirements
- Two or more years of relevant credit experience, such as investment banking, restructuring advisory, direct lending, sell-side research, trading desks, buy-side credit funds, or rating agencies.
- Demonstrated financial modeling ability, including building three-statement and forward models from scratch.
- Strong writing skills and a deep understanding of accounting.
- Client-facing communication skills and a client-first mindset.

## Preferred Qualifications
- Direct exposure to liability management exercises, restructurings, or Chapter 11 cases as a creditor, advisor, or lender.
- Familiarity with the end-to-end Chapter 11 process, including DIP structures, plan classification and voting, and valuation disputes.

## Compensation and Benefits
- Base salary range: **$90,000–$110,000**.
- Eligible for an annual year-end performance bonus.
- Benefits include health benefits, matched 401(k) and pension plans, paid time off, parental leave, gym subsidies, educational reimbursements, and recognition programs.

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