Senior Investment Analyst, Distressed Debt

As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.

The Distressed Debt Analyst is an important contributor on the Leveraged Finance team reporting to a Senior Investment Professional.

The analyst will work alongside analysts, traders, and portfolio managers across Nationwide’s investment platform, and will be primarily focused on public and private debt investments in various stages of financial stress. This is a great opportunity for an experienced investment professional to drive workout and restructuring capabilities within the investment process. The analyst will partner with team members in framing downside sensitivity analyses on performing investments as well as drive the process on distressed and other special situations.

Key skills and responsibilities for this role include:

• Provide investment recommendations and insights on special situations across sectors for both existing holdings and new opportunities as appropriate. Areas of focus will include identifying initial indications of fundamental deterioration, restructuring, reorganization, bankruptcy, and workout situations.
• Produce base case and downside fundamental forecasts, valuation analyses, and recovery expectations.
• Possess a strong legal acumen and knowledge of relevant legal documents (bond indentures, credit agreements, etc.).
• Demonstrate proficient knowledge of corporate and debt structuring, including bank loans.
• Engage with market participants, street analysts, and the restructuring advisor/attorney community.
• Lead investment team engagement with the in-house legal team.
• Provide regular updates to the portfolio managers, analysts, and traders on all pertinent news items.

The hired associate must reside within 35 miles of the following location:

Columbus:
One Nationwide Plaza, Columbus OH, 43215

Work schedule:

3 days in office, 2 days remote.

This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.

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Nationwide Investments employs a research-driven, team-oriented, and results-focused investment process to manage our clients’ portfolios. Credit Research is one of three critical functions in the investment process, along with Portfolio Management and Trading. As a Senior Investment Analyst on our High Yield Credit Research team, you will be responsible for identifying, analyzing, and recommending investments within the High Yield bond market.

Senior Research Analysts also have responsibility for driving and monitoring investment strategies in their assigned sectors.

• Performs research and analysis in support of the team’s investment decision-making process. Senior Investment Analysts demonstrate the ability to work without direct supervision on day-to-day tasks.
• Identifies risk and return drivers, develops and models forward-looking scenarios, analyzes relative value, and provides investment recommendations for positioning within assigned sectors.
• Communicates analysis and investment theses through use of written reports, presentations, conversations, and market meetings.
• Evaluates changes in the economic, regulatory, legislative, and competitive business environments that impact investment fundamentals, valuations, and positioning within client portfolios.
• Builds relationships with internal and external partners to facilitate the analysis of investment opportunities.
• Collaborates successfully with other Nationwide Investment groups to advance our clients’ best interests.

May perform other responsibilities as assigned.

Reporting Relationships: Reports to Senior Investment Professional

Education: Bachelor’s Degree; MBA or CFA preferred

Experience: 4 to 7 years of related investment experience.

• Experienced…