Job Description:
This Senior Corporate Credit Analyst and Investment Analyst is an integral member of the PMAM team and has a strong understanding of financial markets and provides significant input into decision making by presenting opinions and influencing investment decisions. The position will mentor more junior analysts on the team and may supervise interns. The position may focus on one or more of the following areas: Credit Research/Trading.
We’ve embraced a flexible, hybrid approach to work. Based on your role and personal preference, we empower you to choose where you work best. This model allows you to balance your life and bring your whole self to work.
Responsibilities
- Responsible for credit research and trading in assigned sectors covering investment-grade and high-yield corporate securities
- Provide forward-looking credit opinions on securities and sectors with a focus on relative value and best risk-adjusted returns
- Present investment ideas to the team in both formal and informal environments
- Develop financial models supported by due diligence and industry research
- Analyze covenants, corporate structures, and capital structures
- Prepare recovery analysis
- Automate investment reports/analysis for better information flow and sharing
- Work closely with portfolio managers to understand each portfolio’s risk profile and how it evolves with investment/business decisions
- Build strong relationships with dealers and other market participants
- Remain current with market trends and generate ideas
- Trade efficiently and accurately
- High involvement in management of the general account and mutual funds; work with team members to improve the portfolio risk profile
Required Skills
- Proven analytical, decision-making and problem-solving skills
- Excellent oral, written communication and presentation skills
- Ability to work collaboratively in a team environment
- Strong decision making skills
- The ability to effectively influence others
- The ability to work in a fast paced high energy environment
- Experience working in a trading floor environment and ability to deal with distractions and handle multiple tasks simultaneously
- Knowledge of Derivative Solutions and Bloomberg required
For Quantitative Analysis, Derivative Trading and ALM specialties:
- Strong quantitative background
- Good knowledge of SQL, VBA for Excel
- In depth understanding of modeling techniques such as: Monte Carlo simulation, sensitivity analysis, historical analysis and risk analytics
Required Experience
Education
Bachelor’s Degree in Finance and/or Economics, MBA/CFA is a plus
Experience
- 5+ years experience in a similar role
Base Salary: $150,000 - $175,000
Penn Mutual is committed to Equal Employment Opportunity (EEO). We provide employment and advancement opportunities to all qualified applicants and associates, according to applicable laws. This is reflected in our practices for hiring, placement, promotion, transfer, demotion, layoff, termination, recruitment, compensation, selection or training, and all other terms and conditions of employment. All employment-related decisions and practices are free from unlawful discrimination.
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