Investment Banking Associate, Special Situations

Experienced - IB

New York, NY

Job Description

Cowen’s New York-based Special Situations Group is seeking to hire for both Investment Banking Analyst and Associate positions. The successful candidates will play a vital role in all aspects of sourcing and executing Special Situations transactions while maintaining strategic dialogue with clients, key engagement professionals, and the firm’s industry and product groups. The candidate will be responsible for helping to manage and execute a wide range of complex transactions relating to distressed companies, financial restructurings, and special situations. He/she will also play a critical role in developing junior professionals and helping to identify new engagement opportunities.

Responsibilities

Specific responsibilities include:

  • Constructing detailed financial analyses in the context of bankruptcy, financial restructuring, and special situations transactions, including, but not limited to, recovery/waterfall analyses, liquidation analyses, and valuation analyses
  • Preparing presentation materials (confidential investment memorandum, strategic alternatives, etc.) and participating in and leading meetings with team members, clients, deal professionals, and counterparties
  • Overseeing and performing detailed valuation analyses, including DCF, trading comparables, and precedent transactions
  • Interacting with senior Cowen colleagues and client management teams on a regular basis to execute transactions and assess / discuss strategic alternatives
  • Providing leadership, mentorship, and supervision to other Associates and Analysts
  • Managing deal execution and project management throughout the transaction

Qualifications

Candidates must have a strong interest in investment banking underpinned by solid quantitative and analytical skills. He or she should be able to think creatively about a range of strategic issues confronting the firm’s clients and have an exceptional grasp on accounting, valuation, finance, and business strategy. Specific qualifications include:

  • Bachelors’ degree from a leading university; MBA optional, but a plus
  • For associate position: minimum of 3 years of investment banking experience as an analyst or 1 year of investment banking experience as associate, with special situations, financial restructuring, or leveraged finance experience preferred
  • For analyst position: minimum of 1 year of investment banking experience, with special situations, financial restructuring, or leveraged finance experience preferred
  • High levels of ethics, integrity, and sound judgment
  • Ability to comfortably interact with senior clients in a professional setting
  • Strong intellectual curiosity
  • Comfort in and commitment to a teamwork environment, while also providing leadership to junior colleagues
  • Highly organized, detail oriented, and proactive
  • Exceptional written and verbal communication skills

Who We Are

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide.
At Cowen, inclusion and diversity are catalysts for success and innovation in everything we do. We pride ourselves on our empathetic and collaborative culture, where the power of diversity is harnessed to transform the status quo. Our focus on inclusion expands our thinking in order to generate better outcomes for clients, while striving to increase fairness and equity for our colleagues. Cowen’s vision of creating a more inclusive and equitable future is supported by our core values and is essential to our ability to outperform.

Learn more: https://www.cowen.com/ and https://www.linkedin.com/company/cowen-inc/

Our Values

VISION
We consistently deliver differentiated and disruptive insights that help our clients outperform
EMPATHY
We proactively consider and account for the priorities and concerns of our colleagues and clients
SUSTAINABILITY
We endeavor to produce ideas and solutions that are ethically grounded and aim to pass the test of time
TENACIOUS TEAMWORK
We elevate collaboration to new levels, empowering our ability to provide the best solutions for our clients.

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Protect Yourself from Recruitment Fraud. Recruitment fraud can be attempted through fake job postings, fake websites (posing as a Company) or unauthorized individuals impersonating recruiters (even using employee names). Depending on the role, Cowen will ask candidates to complete 2-4 interviews with Cowen employees before receiving an offer for employment. All communication regarding the interview process will come from an @cowen.com or @greenhouse.io email address. At no time throughout the hiring process will a Cowen recruiter or Human Resource Professional request any type of payment in order to be considered for the role. In addition, candidates will not be asked to submit personal information as a pre-requisite for the interview process.