• 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
To succeed in this position, you must have:
• MBA or equivalent in Finance /CFA/CA
• Minimum of 4-5 years of buy-side or sell-side experience covering single name corporate credit in high yield markets, across Leveraged Loans and/or Bonds asset classes
• Proficiency in building extensive financials models with 3-statement forecast (all interlinked) and developing base and downside cases
• Experience in writing Investment Memos covering primary and secondary trades
• Generalist with good sector exposure in any of TMT, Healthcare, Autos, Manufacturing, Oil & Gas sectors
• Proficiency in using Databases & Portfolio Asset Management Systems- Bloomberg, CapIQ, FactSet, Syndication sites, Everest, eFront
• Ability to work under pressure and deliver high-quality research in a timely manner