Liquidity is the world's leading AI-powered private credit firm, pioneering a new standard in growth capital through a nexus of the sharpest minds in private credit and technology. With a global reach and regional expertise in every key market across North America, Europe, APAC and MENA, Liquidity supports visionary growth and mid-market companies in 45+ sectors, deploying multi-billion-dollar capital with unmatched speed, precision and adaptability. Powered by breakthrough decision science technology that deploys growth capital faster than any firm in capital markets history, Liquidity clears the path for innovative companies to move further, faster and at scale. Built on trust, Liquidity is backed by leading financial institutions including MUFG Bank Ltd., Spark Capital and KeyBank.

About the Role:

Liquidity is seeking a strategic and hands-on Director of Special Situations to lead the oversight and active management of underperforming and high-risk portfolio companies.

In this high-impact role, you will focus on protecting capital, stabilizing distressed borrowers, and maximizing recoveries through proactive management of complex credit situations. You will be responsible for identifying deterioration early, developing restructuring strategies, and leading negotiations with borrowers and stakeholders to drive optimal outcomes for the firm.

You will work closely with Investment, Credit, Legal, and Finance teams, as well as external advisors, to design and execute restructuring, turnaround, and enforcement strategies. This role requires deep expertise in distressed investing, financial restructuring, and credit workouts, along with the ability to manage complex borrower situations and navigate challenging negotiations while preserving and maximizing portfolio value.

Responsibilities:

• Lead the active monitoring and management of underperforming and high-risk portfolio companies, identifying early warning signals and escalating risks proactively.
• Develop and maintain deep financial and operational insights into portfolio companies to anticipate performance deterioration.
• Establish clear risk monitoring frameworks and reporting for stressed investments.
• Design and execute restructuring and turnaround strategies including covenant resets, amendments, refinancing solutions, capital structure adjustments, and operational improvement plans.
• Lead negotiations with borrowers, sponsors, lenders, and advisors to implement restructuring agreements.
• Evaluate and execute enforcement strategies, including collateral realization, asset sales, or insolvency processes where required.
• Develop and oversee recovery strategies aimed at maximizing capital preservation and minimizing losses.
• Lead financial modeling and scenario analysis to evaluate restructuring outcomes and recovery options.
• Drive actionable turnaround plans with borrowers and stakeholders.
• Partner closely with Investment, Credit, Legal, and Finance teams to align on risk mitigation and restructuring strategies.
• Coordinate with external advisors, restructuring consultants, and law firms to execute complex recovery situations.
• Provide regular portfolio risk updates and strategic recommendations to senior leadership.

Qualifications:

• 10+ years of experience in private credit, distressed investing, restructuring advisory, special situations, corporate banking workouts, or portfolio management.
• Proven experience managing underperforming or distressed credit investments and delivering recovery outcomes.
• Strong expertise in financial restructuring, credit agreements, covenant analysis, and insolvency processes.
• Deep financial analysis and modeling capabilities with the ability to assess complex capital structures and restructuring scenarios.
• Demonstrated ability to lead negotiations with borrowers, sponsors, lenders, and legal advisors.
• Strong commercial judgment and problem-solving skills in high-pressure credit situations.
• Excellent stakeholder management and communication skills.
• Experience working with credit funds, private credit platforms, or restructuring advisory firms is strongly preferred.
• Advanced degree (MBA, CFA, or CPA preferred) in Finance, Economics, Accounting, Business, or a related field.