Intermediate Analyst - Leveraged Loans/CLOs
Allstate Investments manages approximately $78 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. In order to position our team for continued success, Allstate Investments is relocating its front-office investment professionals to Chicago later this year.
As part of Allstate Investment's Below Investment Grade (BIG) activities, we invest in broadly syndicated bank loans of BIG-rated companies for several mandates, including the Allstate general accounts ($1.5B portfolio), as well as three Collateralized Loan Obligations (CLOs) managed by our team under the AIMCO name ($1.5B total AUM). We also invest in debt and equity tranches of CLOs managed by 3rd parties ($0.6B portfolio). Further, we seek to grow the AIMCO CLO platform.
This job is an important part of the Below Investment Grade team and involves following various loan investments across multiple industries and making investment recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is also very team-oriented, so the ability to work well within the group is critical. The ultimate goal of the research and recommendations is to help the deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations. In addition to the loan and CLO investments mentioned above, the Below Investment Grade group also manages approximately $7B of high yield bonds for Allstate.
Under the direction of the portfolio managers, the Intermediate Analyst will be expected to focus on the following:
•Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities; this involves thoroughly reviewing the deal presentations and other related company or industry material, attending or viewing the issuer's road show presentation, discussing the company's historical financial performance and business outlook with the portfolio managers to assure that all the relevant issues are properly considered and resolved. This activity often takes place on an accelerated time frame.
•Making recommendations that will drive portfolio outperformance. For existing issues, 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.
•Working with the PMs on existing and new CLO structures
•Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.Job Qualifications
•Three to five years of investment experience, with a focus on below investment grade corporates.
•Strong verbal and written communication skills.
•Solid understanding of the capital markets, quantitative methods, finance, economics and market cycles
•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
•Previous experience with the broadly syndicated bank loan and/or CLO markets a plus
•Strong computer skills, including Microsoft Office Products and Bloomberg
A bachelor's degree is required; business related studies preferred. MBA and/or CFA a plus.
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
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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