High Yield Credit Analyst
- Employer
- T. Rowe Price
- Location
- Baltimore, Maryland (US)
- Salary
- commensurate with experience
- Closing date
- May 12, 2021
View more
- Job Function
- Credit Analysis
- Industry Sector
- Asset Management
- Certifications
- Passed CFA Level I
- Employment Type
- Full Time
- Education
- Bachelors
Job Details
PRIMARY PURPOSE OF THE POSITION
The High Yield Credit Analyst will be responsible for investments in a few major sectors and multiple companies’ securities. The individual will research new issues and secondary trade ideas, as well as surveille existing portfolio holdings. The analyst’s primary responsibility is to help client portfolios generate superior risk-adjusted returns.
PRINCIPAL RESPONSIBILITIES
- Conduct independent, fundamental high yield credit research. Analyze and explain economic, competitive, sector and political drivers that impact a borrower’s ability to repay its debt. Develop well-researched short and long-term perspectives, resulting in the assignment of TRP bond ratings, outlooks and investment recommendations.
- Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits. Make buy, hold or sell investment recommendations incorporating the fundamental credit outlook.
- Interact with management teams, other credit analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including fixed income and equity analysts. Assimilate and filter various sources of information to develop long term, well-researched investment theses on sectors and issuers.
- Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other TRP analysts, credit and advisory committees and external clients.
- Produce and communicate regular forecasts of bond performance in selected credits. Also develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk.
QUALIFICATIONS
Required
- College degree and five years of work experience analyzing credit worthiness and investing in fixed income securities
- Most critical attributes are solid analytical skills, insight and effective communication. TRP emphasizes a team oriented approach, which will require the analyst to demonstrate these attributes on both an individual and group level
- Experience understanding and evaluating creditworthiness
- Ability to make judgments based on market knowledge
- Experience with financial statement modeling and analysis
- Inquisitive nature, driven to excel in all aspects of the analytical process. Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty
- Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers and other analysts
- Excellent communication skills, written and verbal
Preferred
- Advanced degree (MBA) and/or CFA designation
Company
T. Rowe Price, headquartered in Baltimore, Maryland, is an investment management firm offering individuals and institutions around the world investment management guidance and expertise. The T. Rowe Price investment approach strives to achieve superior performance but is always mindful of the risks incurred relative to the potential rewards. Our consistent investment philosophy helps mitigate unfavorable changes and takes advantage of favorable ones. We provide our clients with world-class investment guidance as well as attentive service. Founded in 1937 by Thomas Rowe Price, Jr., the company offers separately managed investment portfolios for institutions and a broad range of mutual funds for individual investors and corporate retirement programs. In founding his firm, Mr. Price followed a very simple business principle: What is good for the client is also good for the firm. Rather than charge a commission, as was then the practice in the securities business, Mr. Price charged a fee based on the assets under management. If the client prospered, so did T. Rowe Price. Mr. Price is best known for developing the growth stock style of investing. Although he was trained as a chemist, he had a passion for investing. Mr. Price believed that investors could earn superior returns by investing in well-managed companies in fertile fields whose earnings and dividends could be expected to grow faster than inflation and the overall economy. The core of Mr. Price’s approach, proprietary research to guide investment selection and diversification to reduce risk, has remained part of the firm’s bedrock principles. Today, growth stock investing is one of the many investment styles the firm currently follows. T. Rowe Price also employs value-oriented, sector-focused, tax-efficient, and quantitative index-oriented approaches in managing mutual funds and institutional portfolios.
- Telephone
- 410-345-4816
- Location
-
100 East Pratt Street
Baltimore
MD
21202
US
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