Investment Analyst: Structured Securities

Penn Mutual•Washington Township, PA

1d•Hybrid

About The Position

Penn Mutual Asset Management. LLC (“PMAM”) is a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company. PMAM is committed to serving the institutional marketplace by offering fixed income investment solutions. We tailor our proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achieve the desired strategy and goals. With over $44 billion in assets under management as of February 28, 2026, we are fixed-income specialists, dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process. We are looking for an Investment Analyst, Structured Securities to come join our team! This is an integral member of the PMAM team and has a strong understanding of financial markets and provides significant input into decision making by presenting opinions and influencing investment decisions. You may focus on one or more of the following areas: Credit Research, Trade execution, portfolio surveillance, manage both tactical and strategic portfolio positioning.

Requirements

Proven analytical, decision-making and problem-solving skills
Excellent oral, written communication and presentation skills
Ability to work collaboratively in a team environment
Strong decision making and quantitative skills
The ability to effectively influence others
The ability to work in a fast paced high energy environment
Experience working in a trading floor environment and ability to deal with distractions and handle multiple tasks simultaneously
Knowledge of Bloomberg required
Advanced Excel skills
Bachelor's Degree in Finance and/or Economics
3-5 Years of investment experience

Responsibilities

Responsible for credit research in securitized product sectors, with a focus on RMBS and residential mortgage-related investments, and CLOs.
Provide forward-looking credit opinions on securities and sectors
Develop financial models for credit research, portfolio surveillance and relative value analysis
Build strong relations with dealers and other market participants
Present forward looking opinions on individual investments and sectors
Present investment ideas to the team in formal and informal environments
Automate investment reports/analysis for better information flow and sharing.
Remain current with market trends and generate ideas
Influence setting the strategic position of interest rate/curve and risk level for portfolio
Perform cashflow analysis for structured securities
Analyze deal structures and perform collateral analysis to determine relative value
Assist and prepare reporting requests from team members