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Municipal Credit Analyst - State & Local Governments and Higher Education

Employer
T. Rowe Price
Location
Baltimore, Maryland (US)
Salary
Commensurate with experience.
Closing date
Dec 29, 2023

View more

Job Function
Credit Analysis
Industry Sector
Asset Management, Finance - General
Certifications
Passed CFA Level I
Employment Type
Full Time
Education
Masters

There is a place for you at T. Rowe Price to grow, contribute, learn, and make a difference. ​ We are a premier asset manager focused on delivering global investment management excellence and retirement services that investors can rely on today and in the future. The work we do matters. We invite you to explore the opportunity to join us and grow your career with us.

 

Primary Purpose of the Position

The Municipal Credit Analyst is responsible for the coverage of select sectors in the Municipal Bond investment universe.  The Analyst will conduct fundamental research and partner with Portfolio Managers to make investment decisions that contribute to consistently superior risk-adjusted returns.

 

Principal Responsibilities

  • Conduct independent, fundamental credit research on issuers in the assigned sector(s) to develop investment recommendations that integrate one’s fundamental credit assessment with relative value considerations.
  • Key research inputs include financial statement analysis, assessment of management, economic conditions, industry/sector trends and ESG factors.
  • Assimilate and filter various sources of information to develop long term, well-researched investment theses on sectors and issuers.   
  • Leverage relationships with issuer stakeholders, industry participants, and other TRP investment professionals to develop unique insights that contribute to superior investment decisions. 
  • Communicate investment recommendations orally and in writing to Portfolio Managers, other TRP analysts, internal committees and external clients. 

 

Qualifications

  • At least 3+ years of experience analyzing credit worthiness and investing in fixed income securities
  • Experience covering State & Local Governments and/or Higher Education is preferred
  • An inquisitive nature that drives one’s analysis and results in unique investment insights
  • Exemplary analytical skills and experience with relative value and investing
  • Flexible, collaborative, and self-starting personality with keen attention to detail
  • Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers and other Analysts
  • TRP emphasizes a team-oriented approach, which will require the analyst to demonstrate these attributes on both an individual and group level
  • Excellent communication skills, written and verbal
  • MBA, MPP, and/or CFA preferred
  • Ability to perform in a fast paced and sometimes stressful environment.

 

FINRA Requirements

FINRA licenses are not required and will not be supported for this role.

 

Commitment to Diversity, Equity, and Inclusion:

We strive for equity, equality, and opportunity for all associates. When we embrace the power of diversity and create an environment where people can bring their authentic and best selves to work, our firm is stronger, and we create greater value for our clients. Our commitment and inclusive programming aim to lift the experience for each associate and builds allies for our global associate community. We know that a sense of belonging is key not only to your success at the firm, but also to your ability to bring your best each day.

 

Benefits: We invest in our people through a wide range of programs and benefits, including:

  • Competitive pay and bonuses as well as a generous retirement plan and employee stock purchase plan with matching contributions
  • Flexible and remote work opportunities
  • Health care benefits (medical, dental, vision)
  • Tuition assistance
  • Wellness programs (fitness reimbursement, Employee Assistance Program)

 

Our policies may change as our working lives evolve. Yet, our commitment to supporting our associates’ well-being and addressing the needs of our clients, business, and communities is unwavering.

 

T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.

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