Asset Management Associate Director, Private Credit at Yieldstreet

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Private Credit, Alternative Investments, Financial ServicesIndustries

Requirements

Not specified

Responsibilities

Working with Underwriting teams in the closing stages of the transaction to assure proper reporting requirements to optimize the ongoing credit monitoring
Develop and implement risk mitigation plans in collaboration with internal teams (KPI)
Monitor and analyze the performance of Private Credit investments, ensuring compliance with terms and covenants
Regularly review portfolio metrics such as cash flows, yield, credit quality, and risk exposures
Contribute to the development and refinement of asset management strategies to optimize portfolio performance
Conduct stress testing and scenario analysis on portfolio assets to evaluate potential impacts on performance
Negotiate amendments, waivers, or restructuring agreements as necessary to preserve investment value
Maintain strong relationships with borrowers, sponsors, and external stakeholders to facilitate effective communication and issue resolution
Prepare detailed reports on portfolio performance, risks, and key developments for internal and external stakeholders
Monitor the application of proceeds to ensure proper application across various investment structures
Ensure accurate documentation of all investment activities, agreements, and decisions
Stay informed about trends in private credit

Skills

Key technologies and capabilities for this role

Private CreditAsset ManagementCredit MonitoringKPI MonitoringDashboard DevelopmentWorkout PlansRisk ManagementTransaction ManagementUnderwritingPortfolio Management

Questions & Answers

Common questions about this position

What is the work arrangement for this role?

This is a hybrid position requiring 3 days in the NYC office and 2 days remote.

What is the salary for this Asset Management Associate Director position?

This information is not specified in the job description.

What are the key responsibilities for this role?

Key responsibilities include transitioning transactions from underwriting, developing KPI monitoring and dashboards, monitoring portfolio performance, conducting stress testing, negotiating restructurings, and preparing reports for stakeholders.

What is the company culture like at Yieldstreet?

Yieldstreet emphasizes collaborative work with internal teams like performance management, operations, marketing, and IR/PCG, and has a mission to help individual investors access alternative investments at above-market yields to create financial independence.

What makes a strong candidate for this position?

A strong candidate will have expertise in private credit asset management, experience with credit monitoring, portfolio analysis, risk mitigation, and relationship management with stakeholders, along with a passion for Yieldstreet's investor-focused mission.

Yieldstreet

Platform for alternative investments access

About Yieldstreet

Yieldstreet provides a platform for individual investors to diversify their portfolios by investing in alternative asset classes such as real estate, private credit, and private equity, which are typically reserved for institutional investors. The company stands out by rigorously vetting investment opportunities, approving only 10% of evaluated deals, ensuring high-quality options for its members. Yieldstreet generates revenue through fees on investments and maintains transparency by publishing returns on matured investments. Its goal is to empower individual investors to access alternative investments that can help them achieve consistent returns.

New York City, New YorkHeadquarters

2015Year Founded

$225.9MTotal Funding

DEBTCompany Stage

Fintech, Financial ServicesIndustries

201-500Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Company Equity

Unlimited Paid Time Off

401(k) Company Match

Commuter Benefits

Life Insurance

Sabbatical

Risks

Increased competition from platforms like Fundrise may dilute Yieldstreet's market share.

Integration challenges from Cadre acquisition could disrupt operations.

Potential sale of Yieldstreet might lead to strategic changes misaligned with investor expectations.

Differentiation

Yieldstreet offers a wide range of asset classes, unlike many competitors.

The platform provides access to alternative investments for nonaccredited investors.

Yieldstreet's rigorous vetting process ensures high-quality investment opportunities.

Upsides

Acquisition of Cadre enhances real estate investment offerings for Yieldstreet.

Partnership with Wilshire boosts Yieldstreet's diversified private market portfolios.

Recent funding round could expand Yieldstreet's offerings and improve platform technology.

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