Ivy Investments, a global organization recognized for inventive, actively-managed investing strategies, is currently seeking a High Yield Municipal Bond Analyst to join our team in Kansas City. This is an excellent opportunity for an individual to build on their credit background.
In this role, the Municipal Bond Analyst will:
Have a generalist background with considerable exposure to the high yield sector including: healthcare, life-care, IDRR/PCR, tobacco, charter schools and other revenue based non-rated issues
Perform bottom-up, fundamental analysis of municipal bond issuers
Understand demographic trends
Build and maintain financial forecasts and models; build valuation framework and metrics to identify over and under-valued credits in the municipal bond market
Research new investment opportunities. Present investment recommendations to portfolio managers
Monitor existing portfolios and make recommendations to the portfolio managers.
Gain an understanding of the detailed aspects of the various sectors in the municipal bond market
Master's degree in Finance, Accounting or MBA
Two to four years municipal credit research and analysis experience
Ability to evaluate credit risks and trends across sectors and geographically
CFA designation preferred or pursuing the CFA accreditation
Advanced MS Excel skill
Waddell & Reed Financial, Inc