Research Analyst, Leveraged Credit

Polen Capital•Waltham, MA

About The Position

The Investment Research Analyst will identify, analyze, conduct diligence on, and monitor leveraged loan and high yield bond investments across Polen Capital Credit strategies, including Opportunistic Credit, CLO, and US High Yield. Reporting to the Portfolio Managers, the Analyst will own coverage of a defined set of industries, form independent views on issuers across the capital structure, and make buy and sell recommendations that inform portfolio construction. Polen Capital Credit, formerly DDJ Capital Management, has a 26-year history of investing in high yield bonds and leveraged loans through a concentrated, high-conviction, fundamental research-driven approach. The role is based in Waltham, Massachusetts, is full-time, and requires less than 5% travel. U.S. permanent work authorization is required. Polen Capital operates as a Results-Only Work Environment (ROWE).

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, conducting in-depth fundamental research on leveraged loan and high yield bond issuers using public and private information and delivering buy/sell recommendations to Portfolio Managers.
Evaluate primary market opportunities and secondary market ideas, and assess relative value across the capital structure.
Build and maintain detailed financial models.
Research and analyze the financial, legal, and ESG aspects of each investment 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 a broad network of contacts in the industry and financial community to enhance idea generation and research.
Collaborate with distribution and marketing efforts to maintain and grow assets under management, including responding to information requests and presenting to clients and prospects.