{"id":3080759,"url":"https://alion.io/job/cpp-investments-managing-director-credit-restructuring","title":"Managing Director, Credit Restructuring","company":{"id":449734,"name":"CPP Investments","domain":"cppinvestments.com","url":"https://alion.io/company/cpp-investments","size_band":"1001-5000","is_staffing_agency":false,"employer_type":"direct","is_intermediary":false,"listed_via":null,"ats_vendor":"Workday","truth_index":{"grade":"B","score":75,"open_postings":5,"ghost_share":0,"stale_share":1,"repost_share":0,"time_to_fill_p50_days":null,"computed_at":"2026-10-24T06:02:35Z"}},"role":"Sales","role_family":"Sales","seniority":"head","employment_type":"full_time","work_mode":"on_site","remote_scope":null,"remote_scope_basis":null,"remote_working_hours":null,"hiring_geo_confidence":"structured","locations":["Toronto, Canada","New York, United States"],"countries":["CA","US"],"hiring_countries":[],"hiring_countries_total":0,"salary":null,"salary_estimate":{"min_usd":87000,"max_usd":147000,"period":"year","method":"role_seniority_country_remote_cell","sample_n":66},"experience_years_min":null,"visa_sponsorship":false,"relocation_package":false,"has_equity":false,"technologies":[],"status":"live","first_seen_at":"2026-10-05T00:00:00Z","employer_posted_date":"2026-10-05","last_verified_at":"2026-10-23T02:38:48Z","board_verified":true,"closed_at":null,"days_open":19,"trust":{"level":"ok","repost_count":null,"flags":[],"days_open":19},"description":"Purpose. Performance. People.\nJoining CPP Investments means joining one of the world’s most admired and respected institutional investors to drive a single mandate: to deliver strong, sustainable returns for generations of Canadians.\nWith a long-term horizon and global reach, we deploy capital at scale across public and private markets. Our size, stability, and disciplined investment philosophy allow us to pursue complex opportunities and build enduring partnerships worldwide.\nFor our people, this means meaningful work with tangible impact, real opportunity, and collaboration with exceptional colleagues who value partnership and performance. Here, you’ll contributeto outcomes that matter alongside team members committed to excellence and shared success.\nThe Role\nCredit Investments (CI) is seeking an experienced restructuring professional to strengthen its capability to manage underperforming, stressed and distressed credit investments as the portfolio grows in scale and complexity.\nThe Managing Director, Restructuring will provide dedicated senior creditor-side expertise across workouts, liability management exercises (LMEs), restructurings, liquidity solutions and other stressed situations. The role will partner with CI investment teams to preserve investment value, maximize recoveries and support effective positioning ahead of key events.\nThe Team\nCredit Investments currently manages assets in excess of $80.5 billion; investment deal sizes range from $50M to over $1B. The Credit Investments team has over 147 investment professionals across North America, Europe and Asia.\nReporting to the Head of Credit Strategy, the role will work closely with CI investment teams, Legal, Portfolio Management and senior leadership, and will contribute to broader CPP Investments matters where restructuring expertise can add value. The role is expected to be based in Toronto or New York.\nAccountabilities\nLead Restructuring Strategy and Execution\nServe as CI's senior restructuring expert and provide commercial leadership and decision-making authority on material stressed and distressed investments.\nPartner with investment teams to develop and execute restructuring strategies designed to protect investment value and maximize recoveries. The restructuring lead and relevant deal team will be co-accountable, with the deal team retaining ownership of the ultimate investment outcome.\nLead negotiations involving amendments, waivers, recapitalizations, exchange offers, LMEs, rescue financings, asset sales, refinancings and formal restructuring processes.\nAssess alternative restructuring pathways and advise on likely outcomes, negotiating leverage, new-money requirements, timing and execution risk, drawing on relevant market precedents and judgment on key economic terms.\nSupport investment teams in anticipating potential creditor actions and positioning CI effectively ahead of key events.\nProvide Senior Commercial Judgment\nProvide independent challenge and advice on capital structure, liquidity, valuation, recovery scenarios, financing alternatives and strategic options in distressed situations.\nHelp teams identify and use sources of negotiating leverage, including opportunities to build alignment with other stakeholders, while engaging constructively and credibly with borrowers, sponsors, shareholders and other creditors.\nAdvise on creditor-group formation, steering committees and lender-coordination processes, and support the selection and efficient direction of external restructuring bankers, financial advisers and other specialists.\nBring current restructuring market intelligence, conventions and precedents to portfolio-management decisions.\nAssess proposed outcomes across recovery value, incremental capital, time to resolution, external costs, reputational considerations and demands on deal-team capacity. Success will be measured primarily through avoided losses and recoveries achieved rather than direct AUM attribution.\nPartner with Deal Teams and Legal\nWork alongside existing deal teams as athe lead restructuring specialist adviser rather than operating as a separate distressed-investing team; deal teams remain actively involved and accountable for the investment outcome.\nWork closely with CI Legal, including dedicated restructuring legal resources, to integrate commercial, negotiating and legal strategy. Legal will advise on documentation, contractual rights and available legal pathways, while this role will lead the commercial strategy and value-maximizing trade-offs informed by that advice.\nPartner with Portfolio Management and senior CI leadership to identify situations requiring early intervention and build strong working relationships across CI and, where appropriate, other CPP Investments departments.\nStrengthen CI's Restructuring Platform\nPlay a leadership role in CI's restructuring panel, including triaging situations, challenging strategies and mobilizing resources. \nEstablish regular watchlist triage to identify situations where specialist involvement can add value before a formal default or restructuring.\nDevelop restructuring playbooks, precedent libraries, market intelligence and other institutional resources; lead post-mortems and transfer lessons across CI investment teams.\nCoach and develop investment professionals to increase restructuring knowledge and judgment and help build a scalable capability for a substantially larger CI portfolio. The role will have no direct people-leadership responsibilities initially, although this may change as the portfolio and workout activity grow.\nBroader Contribution\nDuring periods of lower restructuring activity, contribute to broader CI strategic and portfolio initiatives where restructuring, capital-structure, valuation, transaction or market expertise can add value.\nWhere appropriate, provide restructuring expertise to other parts of CPP Investments and represent CPP Investments credibly with borrowers, sponsors, banks, advisers and institutional creditors in complex and sensitive situations.\nWhat You Bring\nSignificant restructuring experience gained as a banker or adviser at a leading restructuring advisory firm, or investment bank.\nSenior-level experience (approximately 15 years) consistent with a Managing Director appointment, with a demonstrated ability to lead complex restructuring processes and advise sophisticated institutional clients.\nDeep creditor-side experience representing lenders, bondholders, creditor groups and/or institutional investors.\nExtensive experience with LMEs, complex out-of-court restructurings and formal restructuring processes.\nStrong expertise in liquidity analysis, capital structures, valuation, recovery analysis, financing alternatives and transaction execution.\nDemonstrated experience negotiating with sponsors, companies, creditor groups and advisers in high-stakes situations.\nStrong knowledge of restructuring market conventions, precedents and creditor dynamics.\nMeaningful familiarity with restructuring documentation and legal concepts, and the ability to work effectively with counsel.\nStrong executive presence and judgment, with the ability to influence senior investment professionals while operating in a collaborative, advisory capacity.\nAbility to move between detailed transaction execution and broader strategic judgment, with a collaborative mindset suited to CI's deal-team ownership model.\nThis information for those living or expecting to live in New York City. The salary range for this position is: USD $275,000 - $460,000\nUS state/city legislation requires CPP investments to include a reasonable estimate of the compensation range for this role. The base salary range shown here is a reasonable expectation for the posted role and is part of a competitive total rewards package which includes comprehensive benefits, a performance-based incentive plan, a 401 (k) plan and paid time off. Actual salaries may vary and may be above or below the range based on various factors, including, but not limited to, experience and expertise.\nYou are motivated to contribute to something larger than yourself, approach complex challenges with rigor, and hold yourself to high standards in a collaborative, performance-driven environment.\nWe provide colleagues with cutting-edge AI tools, dedicated learning time, and practical support to help them deliver with greater impact.\nInclusion & Accessibility\nCPP Investments is committed to equitable access to employment and building a workforce that reflects diverse talent and perspectives. If you require accommodation at any stage of the recruitment process, please let us know and we will work with you to meet your needs.\nAttention: Protect Yourself from Fraud\nCPP Investments is committed to a secure and transparent recruitment process. We will never ask candidates for payment or financial information at any stage of hiring. All legitimate opportunities are posted on our careers page, and communications will come from our applicant tracking system, Workday.\nCPP Investments may use AI tools to help screen and assess applicants by analyzing resumes and applications for relevant skills and experience. 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