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Job Description

ABOUT THE TEAM:

Newfleet Asset Management, an affiliated manager of Virtus Investment Partners, is a long-tenured team of fixed income specialists employing a multi-sector approach. Identifying relative value is the cornerstone of our philosophy and process. We seek to achieve consistent excess returns through active sector rotation combined with disciplined risk management.

We build our portfolios through rigorous core credit analysis and active portfolio management. Our investment professionals screen individual opportunities using a fundamental approach that emphasizes quantitative and qualitative analysis. We seek broad diversification across industries and issuers in an attempt to limit downside risk.

JOB SUMMARY:

The Credit Analyst, Early Career performs fundamental credit analysis on corporate bond issuers including financial statement and industry analysis and risk identification.  The analyst will also assist senior analysts in gathering research material, creating financial models, conducting relative value analysis, and developing presentations.   Over time, the analyst will be expected to be responsible for covering 50-60 issuers, two or three industry sectors and to making purchase and sale recommendations to the portfolio management team.

ESSENTIAL DUTIES & RESPONSIBILITIES:

• Monitor assigned credits for credit deterioration and idea generation.
• Perform security analysis on fixed income credits.
• Maintain knowledge of assigned industry sector and develop relative value opinions.
• Build and maintain relationships with investor contacts including sell-side traders and analysts, issuer contacts, and client contacts.

SPECIFIC QUALIFICATIONS:

• Undergraduate degree with a concentration in finance or business. Progress toward obtaining a CFA designation is a plus.
• 1-3 years of relevant experience in corporate security credit analysis, working for an investment manager with demonstrated financial market knowledge.
• Credit training, basic accounting background and financial statement analysis experience.
• Excellent quantitative skills including demonstrable expertise using SQL is a plus.
• Working knowledge of Perform, Bloomberg, and/or other related analytical platforms is a plus including Excel API.
• Knowledge of macroeconomics and how economic events influence assigned industries and companies. Knowledge of debt and equity capital markets, and where applicable, commodity markets and their influence on industries and companies.
• Desire and ability to work both collaboratively as part of a team as well as independently.

Salary Range: $76,000- $105,000

The starting salary offer will vary based on the applicant’s education, experience, skills, abilities, geographic location, internal equity, and alignment with market data. This position is also eligible to participate in a company incentive plan.

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