Associate Analyst - Investment Grade/High Yield Credit

Allstate Insurance Company
Chicago, Illinois
Salary commensurate with experience. Allstate offers competitive benefits, 401k match and pension
Jan 29, 2021
Mar 28, 2021
Job Function
Credit Analysis
Industry Sector
Asset Management
Passed CFA Level I
Employment Type
Full Time

The world isn’t standing still, and neither is Allstate. We’re moving quickly, looking across our businesses and brands and taking bold steps to better serve customers’ evolving needs. That’s why now is an exciting time to join our team. You’ll have opportunities to take risks, challenge the status quo and shape the future for the greater good.

You’ll do all this in an environment of excellence and the highest ethical standards – a place where values such as integrity, inclusive diversity and accountability are paramount. We empower every employee to lead, drive change and give back where they work and live. Our people are our greatest strength, and we work as one team in service of our customers and communities.

Everything we do at Allstate is driven by a shared purpose: to protect people from life’s uncertainties so they can realize their hopes and dreams. For more than 89 years we’ve thrived by staying a step ahead of whatever’s coming next – to give customers peace of mind no matter what changes they face. We acted with conviction to advocate for seat belts, air bags and graduated driving laws. We help give survivors of domestic violence a voice through financial empowerment. We’ve been an industry leader in pricing sophistication, telematics, digital photo claims and, more recently, device and identity protection. We are the Good Hands. We don’t follow the trends. We set them.

Job Summary

Are you interested in being a part of the ongoing success of the largest publicly traded insurance company in the U.S.? Do you want to bring your vision, skills and drive to a Fortune 100® company with over 84 years of financial stability? Does challenging work and unlimited professional growth potential excite you? Then an opportunity in Investments at Allstate is right for you!
Allstate Investments manages approximately $90 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 securities, commercial mortgages and derivative asset classes, as well as, finance 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, a deep interest in investments and a desire to be challenged.

To assist the Investment Grade and High Yield Corporate analysts with fundamental credit analysis used for making timely investment recommendations in the portfolio.  This job is an important part of the investment grade and high yield teams and involves supporting analysts who follow designated industries and credits and making investment recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation.  Our process is very team-oriented, with the analysts interacting with each other and the PMs on the trading desk on a continual basis.  As such, the ability to work well within the group is critical.  The ultimate goal of the research and recommendations is to help the portfolios deliver the best possible results for our clients.  This job involves working closely with senior analysts, developing investment themes and providing support for credit analysis and relative value recommendations.  

Key Responsibilities

⦁    Assisting senior analysts by analyzing new deals as they come to market and opportunities in the secondary market as well as maintaining coverage of existing names in the portfolio.  This involves thoroughly reviewing related company or industry material, attending or viewing the issuer’s road show presentation, meeting with management teams, 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, monitoring changes in prices and spreads. 
⦁    Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.

Job Qualifications

⦁    General understanding of capital markets, quantitative methods, finance, economics and market cycles
⦁    Strong analysis capabilities and some financial modeling skills with an emphasis on the ability to translate analytical observations into supportable conclusions.
⦁    Detail oriented with a commitment to high quality work product.
⦁    Ability to think independently and assist in presenting a viewpoint in a thoughtful and professional manner.
⦁    Strong organizational skills – ability to perform tasks and achieve results independently and as part of a team, consistently meet deadlines, and prioritize multiple assignments effectively in a dynamic work environment.
⦁    Excellent verbal and written communication skills - ability to interact effectively and professionally with a wide variety of internal constituents.
⦁    Strong computer skills including Microsoft Office products and experience with Bloomberg preferred
⦁    0-1+ years of experience
Education Requirements:
⦁    Bachelor's degree in Finance or Accounting or other business-related discipline
⦁    CFA Level I or higher preferred

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