Alvarez & Marsal
Associate / Senior Associate - Asset Based Lending

How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Associate, Senior Associate – Asset based lending
Location: Manchester or London
Business unit: Debt Advisory, UK
Company Overview
Alvarez & Marsal (A&M) is a global consulting firm with entrepreneurial, action and results-oriented professionals. We take a hands-on approach to solving our clients' problems and assisting them in reaching their potential. Our culture celebrates independent thinkers and doers who positively impact our clients and shape our industry. The collaborative environment and engaging work—guided by A&M's core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity—are why our people love working at A&M.
A&M Debt Advisory supports Private Equity, Infrastructure Funds and Corporate clients through the economic cycle, providing high value-add advice on debt raising, capital structure optimisation and navigating challenging situations. Our deep relationships across the lender community enable clients to access a broad range of liquidity pools.
The Team
Our team includes highly respected ex-bankers and advisors with many years of expertise across the credit spectrum, working both with experienced borrowers and those approaching the debt markets for the first time. Members of the team have worked on transactions across all different types of borrowing instruments in both the private and public capital markets.
Advice extends from optimising capital structures and reviewing financing options through to planning and execution including identifying potential lenders and investors, presenting the credit story and negotiating optimal terms for clients.
How you will contribute
Our UK team is highly active across EMEA working for global and regional private equity firms, multinational corporations and family offices and we are looking for talented and ambitious Associates and Senior Associates with an advisory or lending background to join our growing team in London or Manchester.
Typical projects will include:
- Supporting Private Equity, Corporate, Infrastructure investors and Family Office clients in funding acquisitions, refinancings and recapitalisations
- Reviewing refinancing options to support growth strategies
- Advising on optimal capital structures
- Providing assistance on refinancing and amending existing debt facilities
- Assisting borrowers with managing their relationships with debt providers and raising new money
- Carrying out financial modelling, including analysing business forecasts, scenario analysis and covenant sensitivities
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
See breakdownIt searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
Qualifications
- Experience in debt markets from a role in debt advisory, asset based lending, leveraged finance, structured finance or corporate lending) is advantageous, but a strong candidate without direct debt market experience would be considered
- Strong academic background including a highly numerate skill set and experience in key relevant skill areas (e.g. credit analysis and financial modelling)
- A keen desire to learn and develop in a meritocratic environment
- Well-developed communication skills and the ability to work with diverse and complex stakeholder groups
- Previous experience in contributing to project workstreams ensuring timely and high-quality deliverables with minimal supervision
- The team is making increasing use of AI in a structured manner to improve the quality of its client service and experience with efficient and compliant use of these systems could be an advantage
- Fluent business level English is essential. Additional language skills including European languages and Arabic are advantageous
Your journey at A&M
We recognize that our people are the driving force behind our success, which is why we prioritize an employee experience that fosters each person’s unique professional and personal development. Our robust performance development process promotes continuous learning, rewards your contributions, and fosters a culture of meritocracy. With top-notch training and on-the-job learning opportunities, you can acquire new skills and advance your career.
We prioritise your well-being, providing benefits and resources to support you on your personal journey. Our people consistently highlight the growth opportunities, our unique, entrepreneurial culture, and the fun we have together as their favourite aspects of working at A&M. The possibilities are endless for high-performing and passionate professionals.


Get help with your application
Your very own career expert that helps elevate your application to the next level.
Culture & Values
At Alvarez & Marsal, our core values of Integrity, Quality, Objectivity, Fun, Personal Reward, and Inclusive Diversity guide everything we do, shaping a culture rooted in entrepreneurship, impact, and integrity. We trust our people to take ownership early, contribute to meaningful challenges, and drive results that matter. We empower growth and champion diverse perspectives. Above all, we value doing the right thing. For those ready to roll up their sleeves, lead with integrity, and be difference makers, this is where it starts.
Equal Opportunity Employer
It is Alvarez & Marsal’s practice to provide and promote equal opportunity in employment, compensation, and other terms and conditions of employment without discrimination because of race, colour, creed, religion, national origin, ancestry, citizenship status, sex or gender, gender identity or gender expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, family medical history, genetic information or other protected medical condition, political affiliation, or any other characteristic protected by and in accordance with applicable laws. Employees and Applicants can find A&M policy statements and additional information by region here.
Unsolicited Resumes from Third-Party Recruiters
Please note that as per A&M policy, we do not accept unsolicited resumes from third-party recruiters unless such recruiters are engaged to provide candidates for a specified opening. Any employment agency, person or entity that submits an unsolicited resume does so with the understanding that A&M will have the right to hire that applicant at its discretion without any fee owed to the submitting employment agency, person or entity.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills