Research Analyst, Leveraged Credit

Polen Capital•Waltham, MA

2d•Onsite

About The Position

Polen Capital is seeking an Investment Research Analyst for its Leveraged Credit franchise. Reporting to the Portfolio Managers, the Analyst will identify, analyze, diligence, and monitor leveraged loan and high-yield bond investments across the firm’s Opportunistic Credit, CLO, and U.S. High Yield strategies. The role owns coverage of a defined set of industries, forms independent views on issuers across the capital structure, and makes buy and sell recommendations that inform portfolio construction. The Analyst will conduct fundamental research using available public and private information, assess primary and secondary market opportunities and relative value, build and maintain financial models, and evaluate financial, legal, and ESG considerations. The position also involves monitoring existing holdings, preparing investment memos, presenting recommendations, participating in company diligence and management or lender discussions, and developing industry contacts to support idea generation. The Analyst will collaborate with distribution and marketing on information requests and presentations to clients and prospects. The position is full-time and located in Waltham, Massachusetts, with less than 5% travel required. U.S. permanent work authorization is required. Polen Capital describes its workplace as a Results-Only Work Environment (ROWE) and offers competitive health benefits, paid parental leave, and annual individual learning budgets.

Requirements

Bachelor’s degree.
At least 3 years of experience in credit investing, particularly buy-side high-yield and leveraged loans.
In-depth experience in financial statement analysis, modeling, and valuation.
U.S. permanent work authorization.

Responsibilities

Provide industry coverage across Polen Credit strategies and portfolios through in-depth fundamental research on leveraged loan and high-yield bond issuers, and deliver buy/sell recommendations to Portfolio Managers.
Evaluate primary-market opportunities and secondary-market ideas, including relative value across the capital structure.
Build and maintain detailed financial models.
Research and analyze the financial, legal, and ESG aspects of investments under coverage.
Monitor existing positions and proactively update Portfolio Managers and recommendations as credit profiles change.
Prepare concise written investment memos and present recommendations to the investment team.
Participate in management meetings, lender calls, and company diligence, and engage with private equity sponsors, arrangers, and the sell-side.
Develop and maintain an industry and financial-community contact network to support idea generation and research.
Collaborate with distribution and marketing to maintain and grow assets under management, including responding to information requests and presenting to clients and prospects.