Private Credit Analyst
About The Position
Voya Investment Management is seeking a motivated credit analyst to support its Investment Grade Private Credit team. The role is primarily responsible for monitoring a portfolio of investment-grade private credit investments and also assists in evaluating new investment opportunities. The analyst underwrites private debt transactions by assessing borrowers and projects, conducting independent research, assigning internal credit ratings, evaluating pricing and relative value, and preparing and presenting investment recommendations. The role works with internal legal partners and transaction counterparties on deal terms and performs additional due diligence, including management discussions and facility visits where appropriate. The analyst monitors portfolio credit quality and financial performance, tracks covenant compliance, maintains borrower communications and portfolio records, updates internal monitoring systems and ratings, and reviews amendment and waiver requests. The position also responds to ad hoc needs from clients and portfolio management teams and follows Voya Investment Management and departmental policies.
Requirements
- Minimum bachelor's degree.
- Minimum of 2 years of corporate credit experience.
- Excellent credit skills, including the ability to assess the quality and expected future performance of corporate credits and infrastructure projects.
- Familiarity and experience with loan documents and covenant packages.
- Advanced understanding of Excel and strong modeling capabilities.
- Excellent written and oral presentation skills.
- Solid foundation in accounting standards and ability to navigate and analyze financial statements.
- Ability to constructively engage with transaction counterparties and other stakeholders.
- Intellectual curiosity and ability to self-motivate in a fast-paced environment.
- Ability to manage time effectively while handling multiple workstreams.
- Team-player attitude and interest in supporting peers and colleagues.
Nice To Haves
- CFA designation or pursuit thereof, or equivalent.
- Exposure to private or public bond markets.
Responsibilities
- Analyze borrowing entities and their credit or investment characteristics using offering materials, independent research, analysis, and discussions with management and agents.
- Form and justify independent views on transaction credit quality and assign internal ratings.
- Collaborate with the internal legal team to evaluate and negotiate transaction terms.
- Assess pricing and relative value and develop investment recommendations.
- Prepare and present investment memoranda and supporting materials.
- Present conclusions and recommendations to senior leadership and relevant committees.
- Conduct further due diligence through conversations with company management and on-site facility visits when appropriate.
- Monitor the credit quality and financial performance of assigned private credit assets, including compliance with debt covenants.
- Maintain communication with borrowers to understand business performance and outlook and foster relationships where further growth is desired.
- Organize and maintain portfolio records, including deal files, credit monitoring application updates, and periodic credit performance summaries.
- Maintain internal ratings for each investment and document rating-change recommendations with senior staff.
- Review amendment and waiver requests with the internal legal team and make recommendations to senior staff.
- Handle ad hoc requests, including client questions, portfolio management team needs, and portfolio-related administrative items.
- Adhere to Voya Investment Management and departmental policies.
Benefits
- Health insurance
- Dental insurance
- Vision insurance
- Life insurance
- 401(k) savings plan with company matching contributions up to 6%
- Employer-paid Voya Retirement Plan cash balance benefit of 4%
- Tuition reimbursement up to $5,250 per year
- 20 days of paid time off
- Nine paid company holidays
- Flexible Diversity Celebration Day
- 40 hours of paid volunteer time per calendar year
- Incentive opportunities, which may include annual cash incentives, sales incentives, and/or long-term incentives
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
