Opportunity for Credit Research
Job Description:
- Monitor single name corporate credit situations in North America across performing and opportunistic strategy in both leveraged loan and high yield markets
- Perform investment research, including:
- Building financial models with KPI driven Revenue models, Cost drivers, Working capital analysis, Capex schedule, Capital Structure forecast, Covenant analysis, Default & Recovery workouts and IRR sensitivities; term sheet preparation from credit agreements and bond indentures
- Drafting Investment Memos including identification of investment catalysts and provide recommendations on high yield bonds/loans, including fundamental and relative value views for primary and secondary trades
- Maintain portfolio coverage including model updates and earning summary write-ups, while maintaining regular news on the portfolio