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High Yield Credit Research Analyst

Salary £70k
Type Permanent
Location London
Sector Credit & Risk Management
Job Reference T55/SIMR/27394
Contact Simeon Randell
Date posted 08-11-2017

Leading Asset Manager seeking a High Yield Credit Research Analyst to join their London office.

Key responsibilities

Credit Assessment – New Opportunities
• Reading Preliminary Offering Memoranda and Due Diligence Reports
• Financial modelling
• Sector analysis
• Assessing credits against benchmarks and/or peers
• Analysing and interpreting financial information
• Interpreting credit scoring systems/reports

Monitoring of Existing Portfolio
• Covering between 25-35 names on an ongoing basis
• Building a coverage list based on deal flow and secondary opportunities
• Building relationships with management teams of portfolio companies
• Relative value assessments for loans and bonds, with ideas presented ad hoc or in weekly Relative Value meetings
• Providing flash numbers to Portfolio Managers upon release of financial results and news updates
• Providing forecasts/expectations for upcoming results and relating them to consensus estimates where appropriate
• Maintaining models of current coverage names which incorporate historic data and forecasts
• Running scenario/sensitivity analysis as required

Skills/ Experience required

• BSc in Finance, Accounting, Economics, Business Admin, Political Science or similar
• Preferably with MBA, CFA, ACA
• 3+ years in any of:
1. Leveraged Loans
2. High Yield Bonds
• Previous employment with Tier 1 bank, Tier 1 consultancy, PE / Asset Manager (£1bn + AUM), Ratings Agency

For applications or enquiries, email

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Contact Simeon about this job

Associate, Consultant