Associate Private Credit Analyst, Investment Grade
About The Position
We are looking to hire an Associate Private Credit Analyst to support our investment grade private credit investment strategy! Primarily, you will perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team. You will be responsible for the initial development of company valuation models and underwriting memorandums and will have the opportunity to contribute to other facets of the team’s investment process. Additional: Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions, managing and monitoring existing investments Build financial models with both historical performance and pro forma projections Develop and maintain relationships with sources of deal flow Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years) Make long-term investment recommendations for multiple portfolios Monitor existing investments within their assigned sector coverage Work with Head of Private Credit by making buy or pass recommendations Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!
Requirements
- Bachelor's degree in technical field (i.e. finance, accounting, economics, statistics, engineering, data science, business analytics)
- 2+ years’ experience in fixed income strategies in credit analysis, investment banking, private credit, or a related field
- Strong proficiency with Excel and financial modeling
- Financial statement analysis and credit risk assessment experience
Nice To Haves
- Experience in investment-grade lending, corporate credit analysis, or private placements
- Experience with the infrastructure sector
- MBA or CFA (or progress towards)
- Familiarity with credit analysis tools and databases such as S&P Capital IQ, Moody’s, or Bloomberg
- Accounting experience
- Demonstrated understanding of economics and investment theories
- An understanding of debt structures, interest rates, and market conditions affecting investment-grade credit
- Strong understanding of the private credit transaction process, including structuring, negotiation, and documentation
- Ability to build and maintain strong relationships with borrowers, sponsors, and external parties
Responsibilities
- Perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team.
- Responsible for the initial development of company valuation models and underwriting memorandums
- Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions, managing and monitoring existing investments
- Build financial models with both historical performance and pro forma projections
- Develop and maintain relationships with sources of deal flow
- Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years)
- Make long-term investment recommendations for multiple portfolios
- Monitor existing investments within their assigned sector coverage
- Work with Head of Private Credit by making buy or pass recommendations
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
5,001-10,000 employees
