Senior Investment Analyst, Distressed Debt

Nationwide•Columbus, OH

8d•$106,500 - $177,500•Hybrid

About The Position

The Distressed Debt Analyst is an important contributor on the Leveraged Finance team reporting to a Senior Investment Professional. The analyst will work alongside analysts, traders, and portfolio managers across Nationwide’s investment platform, and will be primarily focused on public and private debt investments in various stages of financial stress. This is a great opportunity for an experienced investment professional to drive workout and restructuring capabilities within the investment process. The analyst will partner with team members in framing downside sensitivity analyses on performing investments as well as drive the process on distressed and other special situations. Nationwide Investments employs a research-driven, team-oriented, and results-focused investment process to manage our clients’ portfolios. Credit Research is one of three critical functions in the investment process, along with Portfolio Management and Trading. As a Senior Investment Analyst on our High Yield Credit Research team, you will be responsible for identifying, analyzing, and recommending investments within the High Yield bond market. Senior Research Analysts also have responsibility for driving and monitoring investment strategies in their assigned sectors.

Requirements

Possess a strong legal acumen and knowledge of relevant legal documents (bond indentures, credit agreements, etc.).
Demonstrate proficient knowledge of corporate and debt structuring, including bank loans.
Bachelor’s Degree
4 to 7 years of related investment experience.
Experienced understanding of credit research
Proficient high yield and leveraged loan credit researcher
Proficient in Excel; prior Bloomberg experience
Demonstrates presence with excellent verbal and written communication skills
Ability to establish and organize work priorities
Results driven, self-motivated, and intellectually inquisitive
Positive, hardworking, proactive, and professional
Highly collaborative and team oriented
Critical and creative thinker willing to express opinions and views
Organized, detailed, and process oriented
Outstanding analytical and problem-solving skills
Capable of working independently and uses some judgment with oversight required for overall tasks
Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.

Nice To Haves

MBA or CFA preferred

Responsibilities

Provide investment recommendations and insights on special situations across sectors for both existing holdings and new opportunities as appropriate. Areas of focus will include identifying initial indications of fundamental deterioration, restructuring, reorganization, bankruptcy, and workout situations.
Produce base case and downside fundamental forecasts, valuation analyses, and recovery expectations.
Engage with market participants, street analysts, and the restructuring advisor/attorney community.
Lead investment team engagement with the in-house legal team.
Provide regular updates to the portfolio managers, analysts, and traders on all pertinent news items.
Performs research and analysis in support of the team’s investment decision-making process. Senior Investment Analysts demonstrate the ability to work without direct supervision on day-to-day tasks.
Identifies risk and return drivers, develops and models forward-looking scenarios, analyzes relative value, and provides investment recommendations for positioning within assigned sectors.
Communicates analysis and investment theses through use of written reports, presentations, conversations, and market meetings.
Evaluates changes in the economic, regulatory, legislative, and competitive business environments that impact investment fundamentals, valuations, and positioning within client portfolios.
Builds relationships with internal and external partners to facilitate the analysis of investment opportunities.
Collaborates successfully with other Nationwide Investment groups to advance our clients’ best interests.
May perform other responsibilities as assigned.