Investment Grade Credit Analyst

Role Summary

The Investment Grade Credit Analyst will be responsible for the credit coverage of several major sectors and multiple individual company positions. The individual will research new issues and existing investment grade bonds as well as monitor the performance of portfolio holdings under assigned sector coverage.

• Conduct independent, fundamental credit research.
• Analyze and explain economic, competitive, sector and political drivers that impact a borrower’s ability and willingness to repay its debt.
• Interact with management teams, other credit analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including Fixed Income, Equity and Responsible Investing analysts.
• Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits.
• Assimilate and filter various sources of information to develop well-researched short- and long-term perspectives, resulting in the assignment of TRP credit ratings, investment conviction ratings, and investment recommendations incorporating the fundamental outlook on sectors and issuers.
• Produce and communicate regular forecasts of bond performance in selected credits. Also develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk.
• Consider investments from a global opportunity set, including across different currencies.
• Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, traders, other TRP analysts, credit and advisory committees and external clients. Work within often tight time constraints to discuss recommendations first-hand with Portfolio Managers based globally.

• 5+ years of investment grade credit experience
• Experience understanding and evaluating company creditworthiness.
• Ability to make judgments based on market knowledge.
• Experience with financial statement modelling and analysis.
• Inquisitive nature, driven to excel in all aspects of the analytical process. Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty.
• Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers and other analysts.
• Excellent communication skills, written and verbal.
• Self-starter who initiates and maintains active communication, especially with peers in other locations.

• Previous coverage within Industrial, Healthcare or Consumer Sectors
• CFA

FINRA licenses are not required and will not be supported for this role.

This role is eligible for hybrid work, with up to one day per week from home.