Investment Officer - Fixed Income

Description

The Washington State Investment Board (WSIB) is a global investment management organization with over $234.1 billion in assets under management. The WSIB’s diversified portfolios include more than 17,000 holdings across 91 countries on six continents and in 50 currencies. The central mandate is to maximize return at a prudent level of risk. The WSIB manages investments for 18 retirement plans for public employees, teachers, school employees, law‑enforcement officers, firefighters, and judges, and for several other public funds that benefit Washington’s industrial‑insurance program, colleges, universities, and developmental‑disability programs.

WSIB’s performance dramatically contributes to the state’s bottom line.

The WSIB operates in a hybrid work environment; this position requires about 60% onsite time in Olympia.

• Perform in‑depth credit analysis and make buy, hold, or sell recommendations on companies in the utilities, energy, and chemicals sectors across investment‑grade, high‑yield, and emerging‑markets asset classes.
• Analyze and evaluate primary issuance daily and make timely recommendations from fundamental and relative‑value perspectives.
• Evaluate secondary opportunities to add value to the portfolios.
• Monitor the credit quality of existing holdings; identify companies with improving, stable, or deteriorating fundamentals, and communicate these views to the Senior Investment Officer (SIO) and Assistant Senior Investment Officer (ASIO) on a timely basis.
• Monitor, analyze, and evaluate company and industry developments, credit risks, and opportunities affecting the utilities, energy, and chemical sectors.
• Analyze macro‑ and micro‑economic factors affecting the utilities, energy, and chemical sectors.
• Utilize resources including Bloomberg, the internet, investment banks, news outlets, independent sources, rating agencies, issuers, and conference calls for research.
• Prepare and deliver written and verbal analyses to support investment views and communicate complex information clearly to the SIO and ASIO on a timely basis.
• Collaborate with the SIO and ASIO while working independently to meet deadlines and manage priorities.
• Keep abreast of changes in fixed‑income and overall capital markets, and developments in investment principles and methods.
• Perform additional duties as required to support the fixed‑income team and broader WSIB objectives.

• Bachelor’s degree in finance, economics, business, or a related field.
• Four years of fixed‑income investment experience in areas such as company analysis, industry analysis, portfolio management, or economic analysis.
• • A relevant Master’s degree or Chartered Financial Analyst (CFA) designation may substitute for up to two years of required experience.
  • Experience may not include managing a personal portfolio.
• Experience analyzing corporate credits in the utilities, energy, and chemical sectors. Applicant must be able to:
• • Understand relevant factors affecting the industries and integrate developments into company evaluations.
  • Evaluate corporate fundamentals and relative values across issuers and sectors.
  • Analyze companies in emerging markets.
• Strong analytical and research skills including financial statement analysis, cash‑flow modeling, covenant review, capital‑structure assessment, and qualitative analysis to form independent investment recommendations.
• Demonstrated ability to evaluate complex investment‑grade, emerging‑market, and high‑yield credit instruments.
• Understanding of fixed‑income markets and portfolio management.
• Ability to communicate verbally and in written form complex information and investment views.
• Strong collaboration skills in working closely with the SIO and ASIO.
• Proficiency using Bloomberg, Excel, Word, and AI tools to support analysis and recommendations.
• Track record of managing competing priorities and meeting deadlines in a fast‑paced environment.

• Deep expertise in the utilities, energy, and chemicals sectors, including industry drivers, regulatory considerations, and company‑specific risk factors.
• Experience evaluating investment‑grade, emerging‑market, and high‑yield…