BXCI - LCS (COE) Credit Research - Analyst/Senior Analyst

BXCI - LCS (COE) Credit Research

Business Unit Overview

The Liquid Credit Strategies Team (“LCS”) manages diversified portfolios of fixed income investments, primarily consisting of senior secured floating rate bank loans of non-investment grade companies. LCS also invests opportunistically across the capital structure in instruments including mezzanine debt, high yield bonds, distressed securities, convertible bonds, preferred stock and other credit-related instruments. The group manages and sub-advises over 75 funds accounts in US and Europe, including Collateralized Loan Obligations, Separately Managed Accounts, Commingled Funds, Closed End Funds and Business Development Companies. LCS also invests in the debt and equity tranches of CLOs.

Responsibilities:

The COE LCS credit analyst is an integral part of the investment team. The candidate will support the onshore LCS credit analysts in their daily work.

The credit analyst will develop both quantitative and qualitative skills through the credit research process and will have the opportunity to gain exposure to a wide range of industries and investment types. As a result of the breadth of the experience, the credit analyst will develop a unique understanding of companies and capital structures. If a credit analyst demonstrates the ability to take on additional responsibilities, the onshore LCS team can evolve the role over time.

Initial Responsibilities include:

• Work as part of a team-based structure, sourcing key data inputs to assist the lead LCS analyst in the evaluation of higher quality new credit investments in the US and European Primary and Secondary Credit Markets. Ability to learn alongside the lead LCS analyst who will perform a thorough analysis of the Borrowers’ business, industry drivers, inherent credit risks, and valuation/recovery prospects.
• Provide support for ongoing credit monitoring including the collection and storing of financials and diligence items from data rooms; enriching internal credit database with key deal statistics; enhancing declined deal statistics, in order to provide data to Marketing / PMs as to why we declined a deal and/or reference the deal vs. a peer.
• Respond to ad-hoc requests from the lead LCS credit analysts and provide relevant information as needed.
• Provide support to lead LCS analyst in updating and maintaining credit shell financials for higher quality credit names. In the medium / longer term - additional responsibilities could expand to include drafting of summary notes on earnings and newsworthy events. The LCS lead analyst will maintain sign-off of credit shell financials, summary notes, and commentary before distribution to the Portfolio Management teams.

Desired Candidate Profile:

• The candidate should have basic experience working with US/European companies and having knowledge of US/European Financial Statements, Accounting Principles and Capital Structures. Candidates having experience in working with US/European Corporate Bonds, Financial Modelling will be an added advantage.
• The candidate should have hands-on experience in working with or covering US/European credit companies.
• Strong Microsoft Office skills (MS Excel, MS PowerPoint and MS Word) with high proficiency in Microsoft Excel.
• Highly motivated and the ability to effectively work as an individual contributor and possess strong analytical, problem solving, critical thinking and decision-making skills, multitask and deliver under tight deadlines.
• The profile involves effective communication across Clients' facilities globally and hence possessing excellent interpersonal and communication skills in verbal and written English is a must.
• A demonstrated ability to write effectively and summarize large amounts of information succinctly and quickly.
• A desire to work in an international team environment, often under pressure and with multiple stakeholders.

Domain Skill Sets

• Master's Degree in Commerce, Finance. CA/CFA/FRM will be an advantage.
• Experience: 4+ years of overall experience, including 2+ years in credit research, financial processes.
• Good understanding of financial ratios, terms balance sheet components.
• Functional knowledge and work experience in credit risk, spreading and analysis required.
• High proficiency in Excel skills, ability to formulate and create macros.
• Knowledge of third-party tools, software systems and working experience in tools for financial records, intelligence such as Bloomberg, Agent data sites will be an advantage.
• Excellent communication skills - written, oral and interpersonal.

Sensitivity: Internal & Restricted