Intermediate Analyst - High Yield/Leveraged Loans Public Asset Group

Allstate

107d • $120,000 - $167,250

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 intermediate analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The intermediate 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.

Requirements

• A bachelor’s degree in accounting, finance, or economics with strong academic performance; MBA and/or CFA a plus.
• Three to five years of investment experience with a focus on leveraged credit.
• 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.
• Ability to work independently and efficiently prioritize workstreams.
• Strong work ethic and communication skills.
• Advanced Excel skills, Bloomberg.
• Investment banking and/or formal credit training a plus.

Nice To Haves

• Experience in investment banking.
• Formal credit training.

Responsibilities

• Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process.
• Build detailed company specific financial models and forecasts in addition to understanding business and industry drivers, competitive positioning, and management/equity sponsor strength.
• Consistently affirm recommendations to Portfolio Managers that drive relative return performance as valuation shifts.
• Review quarterly operating results, write credit reviews and updates, update financial models, review fundamental and secular outlooks, and monitor changes in prices and spreads for existing issues.
• Contribute 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

• Compensation offered for this role is $120,000.00 - 167,250.00 annually based on experience and qualifications.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Bachelor's degree