Review Vacancy
TitleSenior Investment Grade Credit Analyst (Special Investment Officer)
Occupational CategoryFinancial, Accounting, Auditing
Bargaining UnitM/C - Management / Confidential (Unrepresented)
Salary RangeFrom $140000 to $150000 Annually
Minimum Qualifications Bachelor’s degree and (5) five years of experience in institutional investing. Preference may be given to candidates who have obtained their MBA or Chartered Financial Analyst (CFA) credential (CFA study at any level a plus). Candidates must be New York State residents or be willing to relocate.
Seeking candidates with the following knowledge, skills, and abilities:
• 3+ years experience in credit analysis or a related discipline;
• Solid accounting knowledge;
• Strong financial modeling and exceptional quantitative and analytical skills;
• Strong communication skills (oral and written)
Duties Description Under the general direction of the Chief Investment Officer (CIO) the Senior Investment Grade Credit Analyst will be responsible for analyzing credits in a number of industries, performing due diligence, modeling and presenting recommendations to the CIO; monitoring credits and assessing relative value based on risk vs. return in a range of different portfolio strategies. The Senior Analyst will be responsible for conducting company specific and industry level fundamental research including the review of legal documentation as the basis for recommendations.
Duties include, but are not limited to:
• Conducting fundamental credit research of investment grade (IG) corporate debt securities; analyzing individual credits as well as trends and themes within assigned industry sectors;
• Establishing a fundamental analytical framework for the IG credit portfolio;
• Assisting in the implementation of credit portfolio management tools and systems to increase the efficiency and effectiveness of managing all investment assets;
• Utilization of equity predictive models to assess default risk;
• Responsibility for fostering and maintaining relationships with external parties including company management, sell-side analysts and rating agencies;
• Providing ad hoc in-depth analytical and quantitative support for the overall portfolio management team;
• Preparing and presenting write-ups to management and portfolio management teams;
• Analyzing IG issuers via financial modeling, accounting review, assessment of management’s communications, assessment of third-party research, and interrogation of management and sell-side analysts, among others;
• Assessing the relative value of IG bond investment opportunities by interpretation of capital structures, bond covenants, market drivers of bond performance and the value of available alternatives;
• Maintaining an active dialogue, recommending investments across a range of portfolios (with e.g. different risk appetites and possible restrictions), defending those recommendations in both oral and written communication with the investment department;
• Performing ongoing due diligence and monitoring of portfolio positions and key credits in those industries, and communicating updates in a timely fashion (orally and in writing) to management;
• Regularly working proactively and communicating with the CIO, investment consultants, and portfolio management staff to identify risks, both quantitatively and qualitatively, of risk issues related to the portfolios and strategies.
Additional Comments The New York State Insurance Fund (“NYSIF” or the “Fund”) is a self supporting state fund that provides workers’ compensation and disability benefits insurance in New York. With written premium of over $2 billion, NYSIF is the largest workers’ compensation insurance carrier in New York, and the sixth largest carrier in the country.
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