Senior Credit Analyst

State of Wisconsin Investment BoardMadison, WI
Hybrid

About The Position

The State of Wisconsin Investment Board (SWIB) manages over $178 billion in assets and is seeking an experienced Senior Credit Analyst to join its Fixed Income Strategies team. This team manages over seventeen billion across five portfolios, focusing on rates, investment grade and leveraged credit, and structured products. The role involves conducting in-depth fundamental credit analysis of high yield and leveraged loan issuers, generating investment recommendations, and supporting portfolio construction. The ideal candidate will possess strong analytical skills, market awareness, and a proven ability to identify relative value in below-investment-grade debt. SWIB offers a modern workspace, hybrid work options, and competitive compensation and benefits, with a mission to secure the financial future of those who serve Wisconsin.

Requirements

  • Minimum 10 years of experience in leveraged finance analytics, including advanced financial modeling and valuation skills
  • Demonstrated success identifying relative value opportunities within covered sectors
  • Strong understanding of credit markets, capital structures and distressed situations
  • Broad understanding of global fixed income and capital markets
  • Strong ability to collaborate effectively within a small team and across investment disciplines
  • Excellent written and verbal communication skills
  • Strategic mindset paired with exceptional attention to detail
  • Team-oriented professional with a positive, constructive approach
  • Proficiency with Bloomberg, Aladdin, or similar tools
  • U.S. work authorization

Nice To Haves

  • Familiarity with CLOs and private credit preferred

Responsibilities

  • Perform investment research inclusive of credit analysis, deal write-ups, and financial modeling
  • Evaluate relative value across bonds, loans, and other credit instruments
  • Monitor existing portfolio holdings and provide ongoing risk assessments
  • Collaborate with portfolio managers on trade ideas and portfolio positioning
  • Engage with traders on market dynamics, liquidity, new issue
  • Track market trends, sector developments, and macroeconomic factors impacting credit markets
  • Generate written research reports and present investment recommendations to the investment team
  • Establish and maintain working relationships and dialogue with sell-side analysts, company management, industry experts and rating agencies
  • Lead, mentor, and develop less seasoned credit analysts
  • Partner with quantitative and technology teams to build and enhance research and analytics platforms
  • Provide leveraged finance expertise across the firm and participate in cross-market strategies and trades

Benefits

  • Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
  • Comprehensive benefits package
  • Educational and training opportunities
  • Tuition reimbursement
  • Hybrid work environment
  • Relocation reimbursement to the Dane County area
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