Analyst- Leveraged Loans/CLO's

Where good people build rewarding careers.

Think that working in the insurance field can’t be exciting, rewarding and challenging? Think again. You’ll help us reinvent protection and retirement to improve customers’ lives. We’ll help you make an impact with our training and mentoring offerings. Here, you’ll have the opportunity to expand and apply your skills in ways you never thought possible. And you’ll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.

Corporate Profile

The Allstate Corporation (NYSE: ALL) is the nation's largest publicly held personal lines insurer, serving approximately 16 million households through its Allstate, Encompass, Esurance and Answer Financial brand names and Allstate Financial business segment. Allstate branded insurance products (auto, home, life and retirement) and services are offered through Allstate agencies, independent agencies, and Allstate exclusive financial representatives in the United States and Canada, as well as via www.allstate.com and 1- 800 Allstate®, and are widely known through the slogan "You're In Good Hands With Allstate®." By leveraging Our Shared Vision, Allstate is committed to strong principles of the highest ethical standards and encourages individual accountability. Allstate realizes success through innovative thinking while providing challenging and collaborative work for its 70,000 employees, including 12,000 exclusive agents. Allstate demonstrates a commitment to diversity through a variety of ways and continues to identify the requirements for future success since it was founded in 1931.

Allstate Investments manages approximately $86 Billion of assets. Our goal is to provide sustainable, competitive, risk-adjusted investment returns and investment-related services for the benefit of The Allstate Corporation. Investment performance for our portfolios has consistently provided excess returns for our customers, and we attribute that success in large part to the quality of our people. The size of the investment group exceeds 300 individuals across a variety of investment disciplines including, fixed income, equities, private debt and equity securities and commercial mortgages, as well as, finance, risk and technology. We recognize that our employees are our ultimate advantage and we seek to attract and retain highly qualified individuals with strong academic backgrounds and an interest in investments and a desire to be challenged. For additional information about Allstate Investments, LLC, visit our website at www.AllstateInvestments.com

Area of Responsibility

Allstate Investments Public Asset Group is seeking an analyst to join our team that supports management of our Below Investment Grade portfolios (Leveraged Loans/CLOs). This position is in our downtown Chicago office.

As part of Allstate Investment’s Below Investment Grade (BIG) activities, we invest in high yield bonds and broadly syndicated bank loans for several mandates including the Allstate general accounts and Collateralized Loan Obligations (CLOs) managed by our team under the AIMCO name.

The analyst role is an important part of the Below Investment Grade team and involves following various leveraged loan investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves rigorous financial modeling, working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.

Responsibilities

• The analyst will be expected to focus on the following:
  • Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities; this involves building financial models, performing deep dives on company or industry material, speaking with management, and presenting thorough credit reviews to the portfolio managers. This activity often takes place on an accelerated time frame.
  • Make recommendations that will drive portfolio outperformance as well as maintaining coverage of existing investments. This includes reviewing quarterly operating results, writing credit reports and updates, developing and updating financial models, reviewing key industry issues and competitors and monitoring changes in prices and spreads.
  • Contribute to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.
  • Provide support for internal and external communications on an as-needed basis.

Experience

• Five years of buy side leveraged credit experience in a primary coverage role

Skills Required

• Solid understanding of the capital markets, quantitative methods, finance, economics and market cycles
• Investment banking and/or credit training a plus
• Strong verbal and written communication skills.
• Strong interpersonal skills and willingness to be a reliable team player, to build trust and confidence through collaborations with a wide range of internal and external colleagues.
• Ability to work efficiently, organize and prioritize assignments
• Ability to work well with internal and external contacts
• Strong computer skills, including Microsoft Office Products and Bloomberg

Educational Background

A bachelor’s degree in business, finance or related with strong academic performance; MBA and/or CFA preferred.

Leadership Requirements and Personal Traits

The successful candidate will be a change leader and manager. This individual must also have the following personal and professional attributes which are consistent with the Company’s stated values:

• Thrive on change and continuous improvement;
• Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;
• Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;
• Strive for effective communication resulting in teamwork, shared knowledge, and ideas;

• Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals;
• Ensure the development of a diverse pool of talent to meet current and future organizational needs;
• Create an environment where people from diverse cultures and backgrounds work together effectively;
• Be of unquestionable integrity, ethical and moral character;
• Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;
• Pursue lifelong learning and personal development;

Provide Investments Compliance with a complete report of their current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership. An employee is presumed to be a beneficial owner of securities that are held by his or her immediate "family members" sharing the individual's household. Household family members include married or common-law spouses, domestic partners, partners defined by civil union and resident dependent children.

Compensation and Benefits Package

A competitive compensation and benefits package, including an attractive base salary and an annual target bonus opportunity based on the company's and individual's performance. Additionally, Allstate offers a competitive benefits program including:

-Comprehensive health care plans, dental, vision and flexible spending accounts

-Group legal, AD&D, group and dependent life insurance, short and long-term disability

-401k

-Tuition reimbursement

-Paid time off

Good Work. Good Life. Good Hands®.

As a Fortune 100 company and industry leader, we provide a competitive salary – but that’s just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, you’ll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.

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