Credit Research Analyst - Structured Finance

Role purpose

The Investment team seeks to optimise PIC's investment strategy in line with the firm's risk appetite. The team aims to maximise risk adjusted returns on capital via portfolio construction and optimisation. The team is responsible for monitoring all of our investments with a particular focus on our credit portfolios and to minimising defaults and losses on investments.

Key Responsibilities

• Conducts thorough analysis of the assigned portfolio and effectively communicates those outcomes to Rating Committee and Portfolio Management colleagues to make sure PIC is accessing the full range of attractive investments.
• Actively participates in new transactions and new structured finance sectors to achieve an optimal risk-reward balance, thereby expanding the scope of structured finance deals.
• Takes ownership of ensuring PIC has up to date credit opinions and internal ratings on all borrowers and key potential borrowers in your sectors.
• Prepare credit rating and research opinions that efficiently communicate your views on the credit that can be used by different key stakeholders. This would include succinct summaries for committees with more detailed analysis afterwards aimed towards other first-line colleagues.
• Effectively collaborates with portfolio management, trading, and asset/liability colleagues to structure and execute investment decisions. Given PIC has one portfolio, seamless integration is key.

Knowledge, experience, skills and abilities

Technical

• Expert knowledge of structured finance investments across different sub-sectors.
• Knowledge of key sub-sectors such as ABS, RMBS, and CLO.
• Strong technical experience in credit rating analysis.
• Established knowledge of financial modelling of project finance transactions.
• Familiar with rating methodology development.
• Recognised qualification and/or accreditation to a professional body in the relevant field/industry/sector. CFA qualification would be desirable.
• Proven track record of providing credit research opinions to fund managers in your sectors or assigning credit ratings as relevant to your role.
• Strong Bloomberg skills
• Experience working in an investing environment would be advantageous

Personal

• Ability to persuade and influence both directly and indirectly
• Ability to conceptualise and lead others in solving specific problems including experience delivering analysis that is succinct, accurate, well presented, and timely.
• Ability to organise work to meet deadlines.
• Recognised qualification and/or accreditation to a professional body in the relevant fie

In addition to a competitive base salary and the opportunity to participate in our annual, performance-related bonus plan, upon joining us here at Pension Insurance Corporation, you will get access to some great benefits, including private medical insurance, 28 days' annual leave (excluding bank holidays), a generous pension scheme and much more.