Investment Analyst- Municipal Research

Employer
Unum Group
Location
Chattanooga, Tennessee
Salary
Salary based on experience.
Posted
Oct 01, 2022
Closes
Oct 31, 2022
Job Function
Credit Analysis
Employment Type
Full Time
Education
Bachelors

The individual will provide credit opinions and recommendations on municipal securities to Portfolio Managers, the Head of Research, and the Chief Investment Officer. These opinions and recommendations are utilized to evaluate risk and are the basis for buy/sell/hold decisions.

Principal Duties and Responsibilities

Credit Review and Analysis

  • Assess credit quality of various municipal bond offerings issued by the municipal sectors using a variety of research tools including but not limited to Bloomberg, rating agencies, third-party research, EMMA, etc.  
  • Assign/maintain formal ratings (e.g., outlook, trading, ESG, etc.) on taxable and tax-exempt municipal securities and their respective sectors
  • Monitor and make recommendations regarding exposures to respective issuers and municipal sectors
  • For assigned issuers/sectors, provide written research reports and timely updates when appropriate

Credit Management and Trading Recommendations

  • Maintain and develop research contacts and resources with a variety of street, and rating agency analysts
  • Effectively communicate with and critically analyze comments of CEOs, CFOs and Investor Relations Officers within public finance
  • Make investment recommendations on the purchase or sale of municipal bonds to the Head of Research and Portfolio Managers
  • Monitor sector trends and developments such as legislative changes, rating agency outlooks, legal rulings, etc., which could impact the municipal market and/or municipal portfolio
  • Assume responsibilities for special projects or other duties when required

Job Specifications

  • Minimum Bachelor's degree required; MBA and/or CFA credentials preferred
  • 2+ years relevant work experience in investments; solid knowledge of fixed income markets, economics and credit research required
  • Experience with municipal securities/public finance preferred
  • Strong written and verbal communications skills, with the demonstrated ability to quickly and effectively communicate ideas and recommendations
  • Proficiency with Bloomberg and Microsoft Office tools, especially Excel; ability to learn new software
  • Strong financial research skills, producing and maintaining quantitative financial models
  • Excellent problem-solving skills, documentation skills and ability to thrive in a fast-paced environment
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