Taxable Credit Analyst
SUMMARY: The position will support the taxable fixed income portfolio manager. This position functions by conducting thorough credit research on current holdings, as well as for future security selection. This position will be expected to provide written reports on trends in all sectors of the relevant fixed income market, and provide ongoing surveillance and relative value recommendations accordingly. Communication with the firm’s other offices is expected.
ESSENTIAL DUTIES AND RESPONSIBILITIES: When conducting fundamental credit research, emphasis is placed on primary contact and communication with companies, rating agencies and sell-side seeking out those with superior or improving competitive positions. The research process employs disciplined assessments of the entities’ strategy and execution, earning power, profitability trend, cash generation, capital management, and governance, consistent with the relevant metrics for that particular sector. Recommendations are based on bottom-up, fundamental research, oriented toward high-conviction, long-term decisions for client portfolios. A risk/reward valuation protocol is the basis of all recommendations. Research and write reports on individual credits, sectors, or macro trends relevant to assigned areas of responsibility are to be communicated to the firm in a timely manner. Respond to requests for data, information and calls from internal and external clients. Some client and internal presentations are expected. Develop and maintain relationships with management of entities under coverage. Develop and maintain SRI/ESG contacts on the bond side. Work closely with SRI/ESG group to support ongoing initiatives. Regular communication and meetings with portfolio managers in all offices.
QUALIFICATIONS: Strong financial skills, including at least three years of analytical experience in the financial sector. Strong quantitative abilities, strategic perspective, and written/verbal communication skills. Collegiality, confidence, and proactivity are highly valued.
EDUCATION AND/OR EXPERIENCE: Minimum Required: 5-7 years of direct research experience Minimum Required: Bachelor’s Degree required
SYSTEMS AND TECHNOLOGY: Proficient in Microsoft Excel, Word, PowerPoint, Outlook, Bloomberg, FactSet