Senior Director, Special Assets
Firm Overview Star Mountain is a rapidly growing, specialized private investment firm focused on the large and less competitive lower middle-market (“LMM”), comprised of businesses that generally have between $5 million and $50 million in annual EBITDA. Star Mountain employs three complementary strategies: (i) private credit, (ii) private equity and (iii) secondary private credit and private equity fund investing, all focused within the U.S. LMM. Star Mountain’s track record, business model, growth trajectory and award-winning culture provide compelling career opportunities for driven and talented individuals. Culture is a core principle which includes long-term alignment of interest with 100% of U.S. employees participating in investment profits. Star Mountain has ~$4.5 billion in assets under management (committed capital including debt facilities as of 10/31/25) and expects strong continued growth based on its performance, distinctive investment approach and its diversified investor base of domestic and global institutions (including public pensions, corporate pensions, insurance companies, commercial banks, endowments, foundations and family offices) and individuals. Star Mountain values team players with positive, solutions-based attitudes complemented by a strong work ethic and is heavily committed to long-term training and career development. Star Mountain is employee-owned with material long-term wealth creation opportunity for dedicated, entrepreneurial professionals. Dynamic team of 120+ full-time people and 40+ Senior Advisors / Operating Partners. The senior team has an average of 30 years of investment experience including prior leadership experience at Blackstone / GSO, Fortress, Goldman Sachs, Citigroup, J.P. Morgan and Merrill Lynch.
About the Role
We are seeking a Senior Director, Special Assets to lead workout and resolution on a concentrated portfolio of impaired credits. This is a hands-on senior workout role - not a monitoring or oversight seat. The Senior Director will personally own resolution strategy on 3–5 credits at any given time, negotiate directly with borrowers and sponsors, direct outside counsel on enforcement actions, and work the firm out of impaired positions. The role reports directly to two senior principals in Credit and is a key extension of the Investment Committee on impaired credits. We are looking for a real workout banker. Someone who has personally made the loans, sat in the workout seat, and worked a bank or fund out of distressed credits. This role demands an edge - comfort with adversarial dynamics, command of legal documents and creditor rights, and the willingness to push borrowers and sponsors to the right outcome.
What You'll Do
Own resolution of 3–5 active credits at any given time across senior secured, unitranche, and second-lien positions in middle-market portfolio companies Develop credit-level resolution plans - base case, downside case, and enforcement path Lead negotiations directly with sponsors, borrowers, and their counsel on amendments, forbearances, equity cures, sponsor support, principal pay-downs, and discounted payoffs Direct outside counsel on enforcement actions including UCC Article 9 foreclosure, mortgage foreclosure, assignment of rents, receivership, asset repossession and sales, and note sale Structure and document loan amendments, forbearance agreements, standstill agreements, intercreditor agreements, and discounted payoff terms Manage Chapter 11 creditor work — proofs of claim, plan review, adequate protection, lift-stay motions, creditors' committee participation, and plan-of-reorganization negotiation Lead the firm's position in syndicated and club credits with co-lenders, agents, and steering committees Author detailed workout memoranda and defend credit recommendations before the Investment Committee Partner with Finance & Valuation on fair-value marks and reserve adequacy What You'll Bring Required 12+ years of commercial credit experience, with a meaningful portion inside a workout / special assets group at a commercial bank, private credit fund, BDC, distressed platform, or specialty lender Personal accountability for resolving distressed credits — making credit-level decisions, negotiating directly with borrowers and sponsors, directing counsel, and bringing credits to disposition Hands-on experience with at least two of: receivership, note sale and assignment of rights Deep working command of credit agreements, security agreements, intercreditor agreements, guarantees, and subordination agreements — able to read and challenge documents Must have a strong working knowledge of UCC Article 9 foreclosure process, Chapter 11 Creditor Representation, creditor rights, and the practical mechanics of enforcement Direct experience in Chapter 11 proceedings from a secured creditor perspective Strong underwriting foundation with recovery modeling, scenario analysis, and independent views on enterprise and collateral value Bachelor’s degree in finance, Accounting, Economics, Business Administration, or a directly related field of study Strongly Preferred Experience inside a top-tier bank workout / special assets group, or inside a private credit fund / BDC / distressed platform workout function Experience with sponsor-backed credits — leveraged loans, unitranche, second lien — including PIK toggles, intercreditor dynamics, and equity cure mechanics Experience with multi-lender / agented credit workouts in a lead, agent, or steering committee capacity Experience with note sale processes — buyer outreach, bid packages, PSA negotiation MBA, JD, or CFA charter; JD particularly relevant Formal bank credit training program (money-center bank credit program, RMA, Moody's) CTP or CIRA designation; active engagement with TMA, ABI, or LSTA
Compensation
The exact salary will be determined based on the candidate's qualifications, experience, and performance during the selection process. Employees are eligible for an annual discretionary bonus and other economics. Total compensation may vary by role, location, department, and individual performance. The firm is 100% employee owned providing for material economic wealth creation opportunity.
Benefits
Star Mountain Capital is committed to a healthy and engaged workforce. Our benefits are constantly evolving to support our employees’ needs today and in the future. We offer a highly competitive medical, dental, and vision package. Select other benefits include: 50% coverage on monthly gym memberships, a cell phone stipend, tuition support of job-related designations and learning and development opportunities, and other bespoke benefits. Please submit resume through LinkedIn. If we require any additional information, we will reach out directly. Interview Process Thank you for your interest in a role at Star Mountain Capital. Please note that due to the high volume of applications we receive, we may not be able to respond to each one individually. If your resume is a match for the role you’ve applied for or other potential opportunities, we will reach out to start the conversation. If you do not hear from us immediately, please understand that we are carefully reviewing all applications and will keep your resume on file for future opportunities that align with your experience and qualifications. Investing in the Growth Engine of America ® www.StarMountainCapital.com Apply To This Job