Analyst/Junior Associate - Opportunistic Credit

Turning Rock Partners is an opportunistic credit asset manager providing debt and structured equity solutions to capital-constrained middle-market businesses across North America. The firm focuses on value-oriented, opportunistic investments — corporate debt, structured equity, and special situations — in cash-flowing lower and middle-market companies, with an emphasis on downside protection.

The Analyst/Junior Associate joining the Opportunistic Credit team will perform deep fundamental credit analysis across multiple industry verticals, assessing business models, financial performance, liquidity profiles, capital structures, covenant packages, and overall creditworthiness. Responsibilities include building and refining advanced financial models, preparing investment memos and presentations for internal and external stakeholders, and sourcing and evaluating new investment opportunities with well-supported recommendations that feed into portfolio construction decisions.

The role also involves working alongside senior team members on deal execution — managing due diligence workstreams, coordinating third-party advisors, reviewing quality-of-earnings and legal diligence, structuring terms, and negotiating confidentiality agreements and other transaction documents. The Analyst/Junior Associate will engage directly with C-suite executives, lenders, sponsors, and other capital providers, representing the firm in meetings and strategic discussions, while also building relationships with management teams and industry experts to sharpen underwriting accuracy.

Candidates should bring 1-3 years of experience in an investment banking program focused on leverage finance or restructuring; prior exposure to private credit or opportunistic credit investing is a plus. Strong financial modeling skills are required, including experience with operating models, debt waterfalls, covenant analysis, liquidity forecasts, downside scenarios, and recovery analyses, along with the ability to navigate complex debt and equity investment situations independently and as part of a team.