Analyst - High Yield/Leveraged Loans Public Asset Group

Allstate

1d • $158,000 - $197,500 • Hybrid

About The Position

At Allstate, great things happen when our people work together to protect families and their belongings from life’s uncertainties. And for more than 90 years, our innovative drive has kept us a step ahead of our customers’ evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection. As part of Allstate Investments’ Below Investment Grade (BIG) exposure, we invest in high yield bonds and broadly syndicated bank loans for Allstate general accounts. We also manage Collateralized Loan Obligations (CLOs) under the AIMCO name. Our people, process, and the broader Allstate enterprise have been key ingredients to our collective success. We win with a collaborative team effort anchored by our proprietary credit process, which has led to a strong performance track record through investment cycles across all mandates. Allstate Investments’ Public Asset Group is seeking an analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The analyst role involves underwriting leveraged credit investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.

Requirements

• 6+ years of primary analyst coverage across High Yield & Leveraged Loan mandates; Healthcare focus preferred
• Strong financial modeling skills coupled with a solid understanding of finance, economics and market cycles
• Strong interpersonal skills and willingness to be a reliable team player, build trust and confidence through collaboration with a wide range of internal and external colleagues
• Ability to work independently; efficiently prioritize workstreams
• Strong work ethic and communication skills
• Advanced Excel skills, Bloomberg
• Experience leveraging AI tools to optimize results
• A bachelor’s degree in accounting, finance or related with strong academic performance
• Be of unquestionable integrity, ethical and moral character
• Deal effectively with ambiguity, change, and adapt appropriately to a range of situations
• Pursue lifelong learning and personal development
• Provide the Investments Compliance team with a list of investment accounts over which you have significant influence
• Provide consent, through a signed statement, allowing Investments Compliance to receive duplicate confirmations of transactions in such accounts
• Pre-clear through the Pre-Trade Clearing Process any personal security trades as will be further described upon employment.
• Answer certain compliance questions regarding any affiliations with investment advisers, violations of state or federal securities laws, or actions taken against you by securities regulators and annually confirm compliance with the Allstate Code of Ethics and the Allstate Investments Code of Conduct
• Provide Investments Compliance with a complete report of their current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership. An employee is presumed to be a beneficial owner of securities that are held by his or her immediate "family members" sharing the individual's household. Household family members include married or common-law spouses, domestic partners, partners defined by civil union and resident dependent children.

Nice To Haves

• Investment banking and/or formal credit training a plus
• CFA and/or MBA preferred

Responsibilities

• Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process, which is anchored around building detailed company specific financial models and forecasts in addition to understanding business and industry drivers, competitive positioning, and management/equity sponsor strength; this is often on an accelerated time frame.
• Consistently affirming recommendations to Portfolio Managers that drive relative return performance as valuation shifts.
• For existing issues, this includes reviewing quarterly operating results, writing credit reviews and updates, updating financial models, reviewing fundamental and secular outlooks, and monitoring changes in prices and spreads.
• Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.
• Provide support for internal and external communications on an as-needed basis.

Benefits

• Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts
• Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability
• 401K
• Tuition reimbursements for further education opportunities
• Paid time off days
• Shuttle service from nearby public transportation
• A competitive compensation and benefits package will be provided, including an attractive base salary and an annual target bonus opportunity based on the company’s and the individuals performance.
• Comprehensive technology setup, including a laptop, monitors, headset, keyboard, and mouse.
• Monthly connectivity reimbursement to help offset internet costs for employees eligible to work from home.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior