Manager (Debt Research)

About LIC PFL

LIC PFL is a Pension Fund Manager (PFM) appointed by Pension Fund Regulatory and Development Authority (PFRDA) in 2017 under NPS to manage pension contributions of Government & Private Sector employees

As on 31-Mar-2023, LIC PFL’s assets under management (AUM) were Rs 253,250 Crores, a 28% share in addressable market. LIC PFL has been achieving year-on-year growth of about 25% in the AUM

LIC PFL’s business is competitive while being tightly regulated; therefore, LIC PFL has taken a lead to devise employee-friendly and performance-enabling HR Policies and is keen to hire and retain performing  professionals to avail business growth and offer career growth

Purpose of the Role

• Write / Initiate quantitative and qualitative research and present analytical reports of macro, sector, Company, Corporate Actions and Market News to predict performance of existing DEBT portfolio and enable managers decide on investments for providing better-than-competition returns to LIC PFL’s Clients
  • [Existing debt portfolio comprises of Companies that are un-listed entities of Listed Companies as directed by PFRDA; also includes few Companies in LIC PFL’s equity portfolio (as majority of them are cash rich and do not need debt); investments should potentially provide satisfactory interest spreads]
• Perform quantitative and qualitative research and present analytical reports of macro, sector, Company, Corporate Actions and Market News to predict performance of promising new DEBT investment; persuade expansion of debt portfolio
  • [This addition to portfolio would comprise of un-listed entities of Listed Companies; investments should potentially provide satisfactory interest spreads]
• Identify debt investment opportunities aimed to improve net worth of portfolio
• In addition, role holder shall take up responsibilities as directed by MD & CEO or the Head, Research

Role Abstract

Macro
Macro trends in economic and geopolitical data to predict moves in financial markets domestically and internationally; trends in allocation of capital across sectors; GDP; FOREX; interest rates etc.

Sector
Upstream / downstream players in the value chain; competitors; cyclical nature of business; new disruptors; imports; exports; FOREX exposure; etc.

Company
A. Quantitative analysis (P&L; balance sheet; cash flows; EBITDA; liquid assets; customer receivables; inventories; obligations to suppliers; assessment of loans; secured & un-secured debt; debt
servicing; defaults & debt-restructuring; etc)
B. Qualitative analysis (ownership structure; historical development of Company; core business; product, production process, technology; market growth potential; disclosures; management discussion on potential of sector & Company; etc

Corporate action & market news
Positive or negative news about portfolio Company, its promoters, directors, relations etc; about specific or a set of competitors; about Sector as a whole; each having an impact on portfolio Company’s performance. Would also include macro events and special case situations.

Demographic Profile of Candidate

Age profile (years): 28 to 35
Gender Preference: Equal opportunity
Language: Read, Write, Speak in English and Hindi
Qualification profile
Graduation: Any Graduate
Post-Graduation: MBA (Finance); CFA will be an added advantage

Profile of prior experience

Overall Min: 5 years

Relevant experience definition

• should have worked on debt research
• should have timely produced quality research reports for macro, multiple domains, and diverse Companies

Source-map sectors

• firms that purchase investment securities
• institutional investors such as hedge funds, PE groups, MFs, pension funds, trusts, and family offices

Source-map roles

• Research Analyst. Debt asset class

Compensation payable

• Annual fixed compensation is Rs 16.05 Lakhs. Together with variable compensation (best individual performance against agreed KPIs PLUS Company performance), maximum annual compensation Professional can potentially earn is Rs 21.72 Lakhs. 
• Benefits extra as per LIC PFL’s HR Policies