Executive Director & Credit Analyst, Floating Rate Loans

Morgan Stanley • Boston, MA

1d • Onsite

About The Position

Morgan Stanley Investment Management (MSIM) is a leading global asset manager with a long history and a significant presence worldwide. The Bank Loan Strategies Team is a pioneer in the floating-rate corporate loan market. As part of the Credit Research Team, the Executive Director will be responsible for applying rigorous credit analysis to develop and manage a portfolio of floating-rate leveraged loans, influence investment decisions, and contribute to portfolio risk and return outcomes. The Credit Analyst will conduct in-depth credit analysis of leveraged loan issuers and follow issuer and sector trends to support portfolio management decisions in both the primary and secondary markets. The successful candidate will possess strong financial modeling skills, rigorous credit-risk assessment capabilities, and the ability to articulate credit views and recommendations effectively in written memos and presentations.

Requirements

• 5–10 years of direct experience analyzing leveraged loans, syndicated credits, high-yield, or leveraged finance transactions.
• Strong financial modeling skills, including building and maintaining cash flow models, valuation models, and stress testing.
• Deep understanding of financial statements, accounting principles, credit metrics, and ability to interpret qualitative factors including industry dynamics, business strategy, and management strength.
• Strong written and verbal communication skills — capable of preparing credit memos, investment recommendations, and presenting to investment committees and senior stakeholders.
• Prior experience with portfolio monitoring, relative-value analysis, and trading desk collaboration.
• Familiarity with regulatory, compliance, and risk-management frameworks applicable to leveraged credit investments.
• Ability to work independently, manage multiple assignments and deadlines, and adapt to a dynamic market environment.
• Attention to detail, critical thinking, and sound judgment.
• Proficiency in Microsoft Excel, Bloomberg, and/or other credit research tools.
• Bachelor’s degree in Finance, Accounting, Economics, Business Administration, or a related field.

Nice To Haves

• Advanced degree (e.g. MBA) or relevant certification (e.g. CFA) is a plus.
• Operates with a strong sense of ethics and integrity in interactions and decision making.
• Takes accountability and ownership with a focus on long-term value creation.
• Track record of fostering a culture of honesty, transparency, and accountability within teams.
• Proven ability to collaborate across teams to deliver optimal solutions for clients.
• A passion for innovation, with a continuous improvement mindset to drive excellence.
• Respect for individual differences, with an openness to diverse perspectives.
• Engagement in community service, volunteering, or corporate citizenship initiatives.
• Commitment to mentoring and supporting the professional growth of others.

Responsibilities

• Perform fundamental credit analysis of companies issuing broadly syndicated floating-rate loans.
• Evaluate credit risk across quantitative, qualitative, structural, and relative value factors.
• Build, maintain, and update detailed financial models with a focus on cash flow and valuation.
• Prepare and present written credit investment memos and recommendations for new investments, stressed situations, and secondary opportunities.
• Track issuer performance against underwriting expectations, monitor credit quality and portfolio exposures on an ongoing basis, produce periodic updates, and alert portfolio managers to emerging risks and opportunities.
• Analyze loan documentation and credit agreements (covenants, collateral structure, intercreditor terms, lien priority, security packages) to assess structural protections under different scenarios.
• Engage with management teams, private equity sponsors, debt advisors, industry contacts, sell-side desks, and other stakeholders as necessary to perform due diligence, market/industry research, and to source new loan investment opportunities.
• Collaborate with portfolio managers, traders, and senior investment professionals to communicate credit views, discuss investment ideas, and coordinate relative-value analysis across sectors and instruments.

Benefits

• Ample opportunity to move about the business for those who show passion and grit in their work.
• Attractive and comprehensive employee benefits and perks in the industry.
• Total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.

What This Job Offers

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