MSIM Fixed Income- Floating Rate Loan Credit Analyst-VP

Morgan Stanley • Boston, MA

1d • $125,000 - $250,000

About The Position

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. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work. To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices​ into your browser. Expected base pay rates for the role will be between $125,000 and $250,000 per year at the commencement of employment. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees. It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Requirements

• Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field.
• 5-10 years of direct experience analyzing leveraged loans / syndicated credits / high-yield / 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.

Nice To Haves

• Advanced degree (e.g. MBA) or relevant certification (e.g. CFA) is a plus.

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Number of Employees: 5,001-10,000 employees