Senior Research Analyst, Municipal Credits
- Analyze high grade municipal credit inclusive of issuers supported by a letter of credit, guaranteed investment contract (GIC), investment agreement, insurance policy or other forms of conditional credit facilities; issuers supported directly by a corporate obligor such as a utility or an industrial corporation; issuers defined as "traditional municipal notes and bonds" which are municipal obligations generally secured by the property tax and other resources of the issuer; and issuers supported by a tax-exempt enterprise such as a hospital or a university.
- Knowledge of multiple municipal sectors with particular focus on state specific and municipalities therein, colleges, universities, transportation, utilities and housing.
- The Analyst will interpret, manage, and analyze research data in order to translate results into solutions for Sr. Research Analysts to issue buy/sell recommendations based on a minimal credit risk assessment
- The focus will be on issuer specific financial and debt factors as well as macroeconomic and demographic developments as part of the ongoing surveillance of portfolio holdings to identify their impact on related sectors and individual securities
- Under moderate direction, performs evaluation of public information (audited financial statements, budget reports, cash flow projections and assumptions, debt statements, tax payer and tax rate analysis and pertinent economic and demographic data such as income, population and employment/unemployment).
- Analyze variables such as regulatory actions and changing industry dynamics.
- Develop thesis document construction, investment memo writing, financial modeling, updating research management systems, and preparing materials for internal meetings, as needed.
- Bachelor s degree or the equivalent combination of education and experience is required.
- MBA and/or CFA preferred.
- 10 years or more of total work experience preferred and 5- 8 years of investment experience preferred.
- Strong financial acumen and financial modeling skills
- Knowledge of SEC Rule 2a-7 imposed on tax-exempt money market funds considered a plus as well as general knowledge of general obligation, notes (BANs/TANs/RANs/TRANs), revenue bonds and VRDNs.