Waverly Credit Partners is hiring: Credit Associate (Philadelphia) in Philadelph

Company description

Waverly is building a private credit platform focused on manufactured housing (MH) chattel loans. We are hiring a Credit Associate to work directly with the founder on originator diligence, loan tape diligence, data quality, and lender-ready reporting. This is a high-ownership role in a lean, two-person team. The founder will lead sourcing, capital markets, and senior relationships; you will run point on execution, analytics, and process.

Waverly is well-capitalized with strong LP support and meaningful room for growth. This is not a modeling-only role. Expect messy data, operational diligence, and tight documentation. You will have direct exposure to both investment decision-making and the operational mechanics of building a credit platform.

To move quickly, email jack@waverlycap.com with further instructions below. LinkedIn Easy Apply is fine, but we will only schedule screens after receiving the email with the items below. Applications reviewed every 1-3 days for duration of job posting.

Location and work model

• Philadelphia based
• Center City office, in-person 3 days per week (short commute expected)
• Remaining days flexible (home or office), with full responsiveness

What you will own

Loan tape ingestion and QA

• Ingest loan tapes from originators and servicers and normalize to a consistent schema
• Build repeatable QA checks (missingness, outliers, reconciliations, duplicates, field definition drift)
• Maintain a clean data dictionary and version-controlled tape history per deal

Diligence and closing execution

• Own the diligence tracker end-to-end: requests, follow-ups, exceptions, cures, and audit trail
• Coordinate with sellers, servicers, custodians, and third-party reviewers (founder signs off on external comms)
• Maintain a closing checklist and ensure deliverables are complete and internally consistent

Portfolio analytics and reporting

• Produce cohort and static pool reporting: delinquencies, roll rates, defaults, severities, recoveries, prepayments
• Build strat tables and exhibits that drop directly into IC memos, lender packs, and investor materials
• Maintain monthly portfolio reporting templates and concise what changed summaries

Borrowing base and lender readiness

• Implement eligibility tests, concentration limits, haircuts, and trigger monitoring
• Prepare lender diligence packages: tape mapping, reconciliations, servicing report ties, and collateral file exception summaries

What we are looking for

• 3 to 7 years of experience in specialty finance, credit operations, structured credit, warehouse lending, servicer analytics, whole loan diligence, or adjacent fields
• Demonstrated experience cleaning imperfect loan-level datasets and building controls so they stay clean
• Strong Excel skills required (SQL or Python is a plus, not required)
• Comfort operating in a lean environment with ambiguous inputs and tight timelines
• High attention to detail, sound judgment, and clear written communication

Preferred experience (nice-to-haves)

• Experience working with multiple originators and inconsistent servicing data
• Consumer ABS, whole loan trading, specialty finance warehouses, or servicer reporting packages
• Borrowing base mechanics, eligibility testing, covenant monitoring, or collateral file review

Growth path:

• First 90 days: tape ingestion, reconciliations, exception logs, diligence checklists, lender-ready reporting, financial analysis, initial IC material decks
• After you prove accuracy and ownership: you will help build IC materials, contribute to underwriting models, support portfolio pricing, and sit in on lender and seller calls
• This is not a pure investing role on day 1, but it can become one for the right person

Compensation

• Base salary range: $100,000 to $120,000, depending on experience
• Benefits included
• Salary-forward compensation, with discretionary annual bonus
• Meaningful long-term incentive in the form of profits interest, subject to vesting

Application process & timing

• Target start date of February 1 to March 15
• Process: founder phone screen (15mins) -> founder video interview -> work sample (60-120mins) using an anonymized tape -> in-person founder interview -> offer.

How to apply (email instructions)

Please email your application to jack@waverlycap.com with:

• Subject line: Credit Associate Application [First Name Last Name]
• Attach: (1) Resume (PDF) and (2) LinkedIn profile link if not in resume
• In the email body, answer these two questions (410 sentences max):

1. Describe a messy dataset or diligence process you inherited. What did you standardize first, what did you leave flexible, and what template/checklist did you create so it became repeatable?
2. How do you use AI tools (ChatGPT, Claude, etc.) in your day-to-day work? Give one concrete example, and explain how you validate accuracy and handle confidentiality.