Senior Private Credit Analyst - Investment Grade
About The Position
We are looking to hire a Senior Private Credit Analyst to support our investment grade private credit investment strategy! Primarily, you will perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team. You will be responsible for the initial development of company valuation models and underwriting memorandums and will have the opportunity to contribute to other facets of the team’s investment process. Additional: Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions, managing and monitoring existing investments Develop and maintain relationships with sources of deal flow Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years) Make long-term investment recommendations for multiple portfolios Monitor existing investments within their assigned sector coverage Work with Head of Private Credit by making buy or pass recommendations Assist with the development of lesser experienced team members Principal Asset Management is the global investment solutions business for Principal Financial Group® (Nasdaq: PFG), managing about $580 billion in assets and over 60 years of experience. Principal Asset Management has been recognized as a “Best Places to Work in Money Management” for 13 consecutive years! Check us out at www.principalam.com!
Requirements
- Bachelor's degree in technical field (i.e. finance, accounting, economics, statistics, engineering, data science, business analytics)
- 5+ years’ experience in fixed income strategies in trading, research, portfolio management or strategy capacity
- Investment Grade Private Credit/Private Placements underwriting experience
- Proficiency with Excel and Bloomberg
- Exceptional financial statement analysis and accounting knowledge as well as demonstrated understanding of economics and investment theories
- Strong understanding of financial accounting and economic theory, applicable laws and regulations (including international), tax and accounting trends and implications, business operating trends and capital market conditions
- Demonstrated ability to efficiently and effectively research, compile and analyze information, apply reasoning and exhibit sound decision making related to credit, risk and valuation
- Strong communication (verbal and written), time management, analytics, financial modeling, and influencing
- Keen sense of curiosity and open-minded thought process
Nice To Haves
- Experience within the infrastructure sector
- MBA or CFA preferred
Responsibilities
- Perform in depth, bottom-up fundamental research on an assigned coverage universe and make investment recommendations to the portfolio management team.
- Responsible for the initial development of company valuation models and underwriting memorandums
- Evaluate private placement transactions, both investment and non-investment grade and including traditional private placements, infrastructure, structuring commitments, closing transactions, managing and monitoring existing investments
- Develop and maintain relationships with sources of deal flow
- Identify quality businesses with above average fundamentals long term investment horizon (typically 3-5 years)
- Make long-term investment recommendations for multiple portfolios
- Monitor existing investments within their assigned sector coverage
- Work with Head of Private Credit by making buy or pass recommendations
- Assist with the development of lesser experienced team members
Benefits
- Flexible Time Off (FTO) is provided to salaried (exempt) employees and provides the opportunity to take time away from the office with pay for vacation, personal or short-term illness. Employees don’t accrue a bank of time off under FTO and there is no set number of days provided.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Number of Employees
5,001-10,000 employees
