Senior Associate - Credit Research & Investment Analysis

Location: Mumbai

Experience: 6 - 8 Years

About the Role:

We are seeking a Senior Associate - Credit Research & Investment Analysis to support global asset managers in evaluating corporate credit opportunities and assessing investment risks.

The role focuses on fundamental credit assessment, debt structure evaluation, financial data validation, and the preparation of research insights that support investment decisions across US and European credit markets.

The ideal candidate will possess strong financial modelling capabilities, a thorough understanding of credit agreements and covenant structures, and the ability to assess complex financial information with accuracy.

The position also involves evaluating AI-generated research outputs, maintaining analytical quality standards, and coordinating with investment professionals to deliver reliable, decision-ready research.

Key Responsibilities:

- Conduct fundamental credit research on companies and debt issuers across relevant industries, supporting investment teams serving global asset management clients.

- Analyse corporate financial statements, operating performance, cash flow generation, leverage, liquidity, and debt-servicing capacity to evaluate creditworthiness.

- Examine capital structures, debt maturities, financing arrangements, security packages, and covenant provisions to identify potential credit risks and investment opportunities.

- Review financial information extracted from company filings and debt-related documents, identify inconsistencies, and validate data against original sources.

- Interpret annual and quarterly reports, lender presentations, compliance certificates, credit agreements, prospectuses, and other corporate disclosures.

- Assess covenant compliance, financial restrictions, and contractual obligations to understand their implications for creditors and bondholders.

- Prepare earnings updates, issuer-level credit assessments, investment research reports, and balanced evaluations of potential investment advantages and risks.

- Review AI-generated investment memoranda for factual correctness, source attribution, analytical consistency, and compliance with established research methodologies.

- Identify gaps in financial data and analytical outputs, recommend corrections, and contribute to improving research workflows and validation standards.

- Track corporate developments, credit events, changes in financial performance, and relevant macroeconomic or sector-specific factors affecting issuer risk.

- Review research deliverables prepared by team members and provide technical feedback to maintain consistency, accuracy, and analytical depth.

- Manage multiple research assignments simultaneously, ensuring timely completion without compromising the quality or integrity of findings.

- Collaborate with portfolio managers, senior research professionals, and internal stakeholders to address research requirements and communicate material credit observations.

- Provide guidance to junior analysts on financial analysis, document interpretation, modelling practices, and research documentation.

Required Qualifications:

- 6 - 8 years of relevant experience in credit research, fundamental analysis, fixed-income research, or a related investment research function.

- MBA in Finance or an equivalent postgraduate qualification from a reputed institution; CFA qualification is preferred.

- Strong understanding of corporate credit analysis, capital structures, debt instruments, and credit risk assessment.

- Practical experience analysing financial statements, cash flows, leverage ratios, liquidity metrics, and debt repayment capacity.

- Thorough knowledge of debt documentation, including credit agreements, financial covenants, compliance certificates, and related financing disclosures.

- Exposure to US and European credit markets, including familiarity with their corporate reporting practices and debt structures.

- Strong financial modelling and advanced Excel skills, with the ability to validate financial data and interpret complex outputs.

- Demonstrated ability to prepare structured investment research reports, earnings analyses, and credit assessment summaries.

- Ability to critically review AI-generated research and verify financial information against reliable source documents.

- Excellent written and verbal communication skills, sound judgement, and meticulous attention to detail.

- Proven ability to independently manage research deliverables, prioritize competing assignments, and meet strict deadlines.

- Strong professional integrity and the ability to work effectively with global stakeholders in a collaborative environment.

Preferred Skills:

- Familiarity with financial research and market intelligence platforms such as Bloomberg, S&P Capital IQ, and LSEG Workspace.

- Exposure to AI-assisted financial research, automated data extraction, or financial statement validation workflows.

- Experience reviewing research outputs or mentoring analysts in a buy-side research, credit analysis, or financial data services environment.