Senior Analyst High Yield Loan Investment

Our vision for the future is based on the idea that transforming financial lives starts by giving our people the freedom to transform their own. We have a flexible work environment, and fluid career paths. We not only encourage but celebrate internal mobility. We also recognize the importance of purpose, well-being, and work-life balance. Within Empower and our communities, we work hard to create a welcoming and inclusive environment, and our associates dedicate thousands of hours to volunteering for causes that matter most to them.

Chart your own path and grow your career while helping more customers achieve financial freedom. Empower Yourself.

Under minimal supervision, analyzes High Yield companies and their investable loan obligations in support of Empower’s CLO Platform.  Under minimal supervision, performs individual credit reviews, loan-level and industry-level relative value analysis, loan-level recovery analysis, and loan-level credit monitoring and reporting for a multi-sector CLO loan portfolio.

What you will do:

• Researches and recommends corporate credits and both new issue and secondary market High Yield leveraged  loans, all in support of the CLO Platform’s investment strategies
• Presents new investment proposals to the CLO Portfolio Manager and other senior investments managers
• Completes all internal credit approval processes and documentation needs in a timely and efficient manner
• Maintains expertise in assigned industries and manages an existing portfolio of High Yield leveraged loans
• Manages credit workouts or restructuring situations and develops loss mitigation strategies when appropriate
• Mentors and supports the development of the Research Team’s more junior Analysts
• May work with the SVP/CIO and CLO Portfolio Manager on special CLO Platform related projects and strategies
• Other duties as assigned

What you will bring:

• Bachelor's degree in Business, Finance, Accounting or Mathematics.
• Minimum six (6) years, seven (7) years preferred, of relevant High Yield credit and loan markets experience
• Knowledge of the U.S. fixed income markets, leveraged loan trading and relative value analysis

What will set you apart:

• Chartered Financial Analyst designation or MBA/MSF strongly preferred
• May be required to complete the CFA designation
• Must possess solid business and investments writing skills
• Proficient in Microsoft Office; including Excel, Word, PowerPoint and/or Access
• Proficient in S&P’s Capital IQ application and various Bloomberg fixed-income applications
• Incumbent has general discretion in making credit recommendations.  Credit recommendations require approval by the CLO Portfolio Manager and/or the SVP – U.S. Chief Investment Officer prior to final trade execution.
• Incumbent does not have direct responsibility or discretion over company profit plans/expense budgets.
• Incumbent will have active relationships with their Team Leader and other senior managers in the Empower Investment Group, including the CLO Portfolio Manager, the Head of Corporate Bond Research, and the SVP – U.S. CIO & Lead Portfolio Manager.

***Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.***

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance
• Retirement savings – 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup
• Tuition reimbursement up to $5,250/year
• Business-casual environment that includes the option to wear jeans
• Generous paid time off upon hire – including a paid time off program plus ten paid company holidays and three floating holidays each calendar year
• Paid volunteer time — 16 hours per calendar year
• Leave of absence programs – including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

$129,100.00 - $187,225.00