Private Equity Associate – LBO & Debt Modeling (Remote)

Competitive USD pay, based on experience | 100% remote | Full-time contract

About the Role

We are partnering with a U.S.-based technology company building advanced AI systems focused on financial modeling and decision-making. You will build detailed financial models from a blank Excel spreadsheet and clearly explain your logic, showing how real investment and lending decisions are made.

Our primary need is private equity modeling . Credit and debt modeling are also major priorities.

This Role IS

• Building financial models from a blank spreadsheet
• Structuring transactions, assumptions, and drivers
• Linking full model flows: operations → cash flow → debt → returns
• Debugging and improving model accuracy
• Explaining why a model works, not just producing outputs
• Experience at a private equity fund (direct investing, buy-side diligence, portfolio company modeling) is strongly preferred. You should have built multiple full LBO models from scratch, including:
• Sources & uses and transaction assumptions
• Multi-tranche debt schedules (revolver, term loans, mezzanine, cash sweep)
• Returns analysis: IRR, MOIC, and value creation drivers
• Operating models with sensitivities, downside cases, and exit scenarios
• Add-ons, dividend recaps, or refinancing scenarios (a plus)
• Covenant modeling (leverage, DSCR, interest coverage) and headroom testing
• Downside and stress scenarios that drive a lending decision
• Amortization, PIK, cash sweeps, and refinancing mechanics
• Private credit / direct lending deal models
• Recovery analysis and payment waterfalls

What You’ll Do

• Build PE, credit, and debt models from scratch in Excel
• Review and debug models built by others
• Identify incorrect assumptions, broken logic, and risks
• Analyze how operating performance flows through to debt service and returns
• Clearly explain financial logic and decision-making

What Makes a Strong Candidate

• 2–10 years in finance roles with heavy, hands-on modeling
• Buy-side experience at a PE fund, including deal diligence and investment committee materials backed by your own models
• Direct experience in private equity, leveraged finance, sponsor coverage, private credit, direct lending, or credit underwriting
• Proven ability to build models from a blank spreadsheet (no templates)
• Experience building models that drove real investment or lending decisions
• High attention to detail and model accuracy
• Strong English communication skills

Who Should Apply

We especially encourage applications from private equity professionals, leveraged finance and sponsor coverage bankers, and private credit or direct lending professionals (CFA, CA, MBA Finance, or equivalent backgrounds welcome) who have built full models from scratch. Candidates from investment banking or corporate finance will be considered only with top-tier backgrounds and hands-on LBO, debt, or credit modeling experience.

Hiring Process

All candidates complete a ~3-hour take-home Excel modeling exercise, designed to reflect real-world modeling work and completed independently in Excel.