Associate, Credit Analysis

About the role

Responsibilities

• Monitor respective investments in the Business Services sector within the leveraged loan market.
• Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management, deal sponsor, capital structure, key credit agreement terms, collateral profile, cash flow projections/sensitivity analysis, comparable analysis, and relative value.
• Research investments incorporating fundamental analysis of companies within the leveraged loan space. Specifically, the analyst will be responsible for building/maintaining financial models, preparing written investment memoranda and quarterly/annual portfolio management reports.
• Assist in preparation of sector presentations on a periodic basis, providing current state of industry, company comparisons, valuations, new ideas, trends, etc. to the Investment Committee.
• Maintain high level of knowledge on current/evolving industry trends and monitor primary and secondary credit market activity in the leveraged loan/high yield space via networking/conversation with research analysts, third parties, and colleagues within the leveraged loan space.

Requirements

• Bachelor’s degree in business, finance or related field of study.
• 2 to 5 years of experience in credit markets, including formal credit training, financial analysis and modeling, broadly syndicated loan market experience preferred but not necessary.
• Prior investment banking experience a plus.
• CPA, CFA and/or MBA a plus.
• Demonstrated understanding of GAAP principles/financial analysis/valuation/modeling.
• Ability to forecast/project based on drivers of applicable business.
• Demonstrated ability to interpret/analyze Quality of Earnings reports; understand/opine on Adjustments to EBITDA.
• Ability to perform Discounted Cash Flow Analysis/NPV analysis.
• Ability to assess Relative Value, based on yield calculations, internal/external ratings considerations, and credit metrics.