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Intermediate Analyst - High Yield/Leveraged Loans

Employer
Allstate Insurance Company
Location
Chicago, Illinois
Salary
Salary commensurate with experience. Allstate offers competitive benefits, 401k match and pension
Closing date
Jun 15, 2021

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Job Details

Job Description

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 intermediate analyst role is an important part of the Below Investment Grade team and involves following various high yield & loan investments and making investment 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 working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations. 

Key Responsibilities

  • 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.
  • Contributing 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

 

Job Qualifications

Education and Experience

  • A bachelor’s degree in business, finance or related with strong academic performance
  • MBA and/or CFA preferred
  • Three to five years of investment experience with a focus on high yield/leveraged loans
  • Consumer/Retail/Gaming sector exposure a plus

     

    Certificates, Licenses, Registrations

  • None

     

    Functional Skills

  • 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

The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.

Company

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.

Company info
Website
Telephone
847-402-0453
Location
2775 Sanders Rd
Ste. A1E
Northbrook
IL
60062
US

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