Associate Manager - Research
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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
• Presenting the primary/secondary deals to the investment committee. Have full-ownership of the deal and monitoring its constant performance against benchmark bonds.
• Maintain portfolio coverage including model updates and earning summary write-ups, while maintaining regular news on the portfolio
Requirements
Function: Research
Experience Level: Mid-Senior Level