Investment Analyst

Location:

Chicago, Illinois

The Investment Analyst supports the Investments team by conducting fundamental credit and investment research across a range of asset classes, including corporate bonds, municipal bonds, structured securities, private debt, private equity, and alternative investments. This role assists with issuer analysis, portfolio monitoring, market research, valuation support, and the development of written and verbal investment recommendations for portfolio managers. The position requires strong analytical skills, attention to detail, financial statement analysis capabilities, and the ability to synthesize qualitative and quantitative information within a relative‑value framework.

• Conduct fundamental credit and investment research on issuers across sectors and asset classes.
• Prepare and maintain written credit memos, including issuer overviews, industry and competitive analysis, financial statement analysis, relative‑value analysis, key risks, and investment considerations.
• Monitor existing portfolio holdings by reviewing issuer performance, market developments, rating actions, financial results, covenant compliance, and other relevant credit or investment‑related information.
• Maintain investment research files, internal databases, and documentation to support portfolio monitoring, reporting, and investment decision‑making.
• Support analysis of primary and secondary market investment opportunities, including review of offering materials, pricing, credit fundamentals, and relative value.
• Assist in developing buy, sell, and hold recommendations for portfolio managers through written research, financial analysis, and verbal discussion.
• Perform quarterly valuation support for private debt, private equity, and other alternative investments under the guidance of senior investment professionals.
• Collaborate with portfolio managers, analysts, and other investment team members to support portfolio objectives and investment strategies.
• Track market, economic, industry, and company‑specific trends that may affect current or prospective investments.

• Bachelor’s degree in Finance, Accounting, Economics, Business, or a related field.
• Minimum of 1 year of full‑time professional experience in credit research, investment research, trading, financial analysis, or a related field.
• Active CFA Program participation required: passed CFA LevelI, registered for an upcoming LevelI exam, or currently pursuing LevelII or LevelIII (or equivalent municipal bond credit research, trading, surveillance, underwriting, or portfolio management experience).
• Basic knowledge of financial statements, credit analysis, and investment concepts.
• Strong analytical, written communication, and Excel skills.

• Experience analyzing municipal bonds, healthcare issuers, not‑for‑profit hospitals, or other public finance sectors.
• Experience or coursework related to fixed income, corporate credit, municipal bonds, structured securities, private credit, private equity, or alternative investments.
• Experience with Bloomberg, Aladdin, Python, or other investment research/data tools.
• MBA or MS in Finance preferred.

• Basic understanding of credit markets, fixed‑income securities, financial statements, and investment fundamentals.
• Ability to conduct financial statement analysis and evaluate issuer creditworthiness using both quantitative and qualitative information.
• Strong analytical and problem‑solving skills, with the ability to identify key risks, trends, and investment considerations.
• Ability to synthesize research and market information into clear written analysis and verbal recommendations.
• Strong attention to detail and commitment to accuracy in research, data, reporting, and valuation support.
• Proficiency with Microsoft Excel and other financial analysis tools.
• Ability to organize and maintain research materials, investment files, and internal databases.
• Strong written and verbal communication skills, including the ability to present analysis to portfolio managers and investment team members.
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