Analyst High Yield Loan Investment Credit Research

Grow your career with a growing organization

Whether they're helping people reach their long-term financial goals or providing personal wealth management strategies, every associate contributes to changing the lives of those we serve for the better. When it comes to job satisfaction, that's hard to beat. And from a personal satisfaction perspective, you'll enjoy the freedom to support causes that matter to you and experience a truly inclusive work environment. Your future starts now.

Under minimal supervision, analyzes High Yield companies and their investable loan obligations in support of Empower's CLO Platform. Under minimal supervision, performs individual credit reviews, loan-level and industry-level relative value analysis, loan-level recovery analysis, and loan-level credit monitoring and reporting for a multi-sector CLO loan portfolio.

What you will do:

• Researches and recommends corporate credits and both new issue and secondary market High Yield leveraged loans, all in support of the CLO Platform's investment strategies.

• Presents new investment proposals to the CLO Portfolio Manager and other senior investments managers.

• Completes all internal credit approval processes and documentation needs in a timely and efficient manner.

• Maintains expertise in assigned industries and manages an existing portfolio of High Yield leveraged loans.

• Manages credit workouts or restructuring situations and develops loss mitigation strategies when appropriate.

• May work with the CLO Portfolio Manager on special CLO Platform related projects and strategies.

• Other duties as assigned.

What you will bring:

• Bachelor's degree in business, Finance, Accounting or Mathematics.

• Minimum three (3) years, four (4) years preferred, of relevant High Yield credit and loan markets experience.

• Must possess solid business and investments writing skills.

• Proficient in Microsoft Office; including Excel, Word, PowerPoint and/or Access.

What will set you apart:

• Chartered Financial Analyst designation or MBA/MSF strongly preferred.

• May be required to complete the CFA designation.

• Knowledge of the U.S. fixed income markets leveraged loan trading and relative value analysis.

• Proficient in S&P's Capital IQ application and various Bloomberg fixed income applications

• Incumbent has general discretion in making credit recommendations.

• Credit recommendations require approval by the AVP & CLO Portfolio Manager and/or the SVP - U.S. Chief Investment Officer prior to final trade execution.

• Incumbent does not have direct responsibility or discretion over company profit plans/expense budgets.

• Incumbent will have active relationships with their Team Leader and other senior managers in the Empower Investment Group, including the AVP & CLO Portfolio Manager and the AVP & Head of Corporate Bond Research.

• Incumbent will not have direct reports.

• Applicants must be authorized to work for any employer in the U.S. We are unable to sponsor or take over sponsorship of an employment visa at this time, including CPT/OPT.*

What we offer you

We offer an array of diverse and inclusive benefits regardless of where you are in your career. We believe that providing our employees with the means to lead healthy balanced lives results in the best possible work performance.

• Medical, dental, vision and life insurance

• Retirement savings

• 401(k) plan with generous company matching contributions (up to 6%), financial advisory services, potential company discretionary contribution, and a broad investment lineup

• Tuition reimbursement up to $5,250/year

• Business-casual environment that includes the option to wear jeans

• Generous paid time off upon hire - including a paid time off program plus ten paid company holidays and three floating holidays each calendar year

• Paid volunteer time

• 16 hours per calendar year

• Leave of absence programs - including paid parental leave, paid short- and long-term disability, and Family and Medical Leave (FMLA)
• Business Resource Groups (BRGs) - internal networks that rally around common interest, experiences and identities such as race, ethnicity, gender, ability, military status and sexual orientation. BRGs play a vital role in educating and engaging our people and advancing our business priorities.

Base Salary Range

$106,700.00 - $150,650.00

The salary range above shows the typical minimum to maximum base salary range for this position in the location listed. Non-sales positions have the opportunity to participate in a bonus program. Sales positions are eligible for sales incentives, and in some instances a bonus plan, whereby total compensation may far exceed base salary depending on individual performance. Actual compensation offered may vary from posted hiring range based upon geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer.

Equal opportunity employer • Drug-free workplace

We are an equal opportunity employer with a commitment to diversity. All individuals, regardless of personal characteristics, are encouraged to apply. All qualified applicants will receive consideration for employment without regard to age (40 and over), race, color, national origin, ancestry, sex, sexual orientation, gender, gender identity, gender expression, marital status, pregnancy, religion, physical or mental disability, military or veteran status, genetic information, or any other status protected by applicable state or local law.

• For remote and hybrid positions you will be required to provide reliable high-speed internet with a wired connection as well as a place in your home to work with limited disruption. You must have reliable connectivity from an internet service provider that is fiber, cable or DSL internet. Other necessary computer equipment, will be provided. You may be required to work in the office if you do not have an adequate home work environment and the required internet connection.*

Job Posting End Date:

03-22-2024

Want the latest money news and views shaping how we live, work and play? Sign up for Empower's free newsletter and check out The Currency.