Senior Associate - Credit - Buy Side

Experience Requirements

- 5+ years of fundamental credit investing experience

- Ideally 7+ years of total experience

- Must have experience covering North American or Western European corporate credit

- Experience must be in a Buy-Side Credit Analyst role

Non-Negotiables

Candidates must have experience in:

- Corporate credit (not Financial Institutions)

- North American or Western European credits (not Indian / Asian credits)

- Buy-side credit investing (not only ratings or investment banking)

Preferred / Ideal Experience:

- Experience covering Leveraged Loans and/or High Yield (HY) Bonds

- Exposure to distressed credit or investment grade credit may also be considered

- CFA Level 3 cleared and/or MBA from a reputed institution

Key Responsibilities:

1. Primary Underwriting

- Underwrite primary and secondary leveraged loans and high-yield bonds

- Credits issued by North American / Western European corporates

Transactions may include:

- LBO

- M&A

- Growth Capital

- Refinancing

- Dividend Recapitalization

- Restructuring

2. Post-Investment Monitoring

- Monitor performance of assigned credit portfolio

Track:

- Earnings

- Corporate actions

- Market developments

- Sector trends

- Credit events

3. Investment Recommendations

- Maintain Buy / Sell / Hold views on portfolio companies

- Present new investment ideas within coverage universe

- Contribute insights to the Investment Committee

4. Idea Generation & Collaboration

- Track industry, macroeconomic, and credit market trends

- Collaborate with the global credit team

Skills Required:

- Analytical Skills

Deep understanding of:

- Business models

- Industry dynamics

KPIs:

- Credit strengths and risks

- Sector expertise is a plus

- Financial Analysis

- Strong Excel modelling capabilities

- Focus on cash flow modelling for credit analysis

Deep understanding of:

- Capital structures

- Credit ratios

- Downside risk analysis

- Risk / reward evaluation

- Credit covenants

- Credit Underwriting & Investment Memo Writing

- Experience preparing investment memos for Investment Committee

- Ability to articulate credit thesis and recommendations

Communication:

- Ability to present investment ideas effectively to Investment Committee

Organizational & Team Skills:

- Strong organization and ability to work independently within a team structure