• Credit Analyst (Corporates)

    Location US-NY-Long Island City
    Category
    Corporate Investments
  • Overview

    The Credit Analyst performs independent corporate credit and investment analysis for UNFCU’s securities portfolio composed of credit exposures across various asset classes including fixed income and preferred securities.  Responsible for evaluating the creditworthiness of existing holdings and evaluating potential investments – across a wide variety of industries – in order to ensure the soundness and profitability of the overall investment function.  The position will provide potential for growth in areas of municipal/public finance and structured finance credit.  In addition, the Credit Analyst serves as an advisor to the portfolio management team in the area of credit risk management and the overall credit evaluation process.

    Responsibilities

    • Evaluate the creditworthiness of existing corporate credit and investment exposures across a variety of sectors and industries through review and analysis of financials and industry data.
    • Conduct an independent written credit analysis of public corporate entities for potential addition to investment portfolio across various asset classes consisting of company description/overview; key recent events; financial statement and fundamental financial ratio analysis, and an independent conclusion/recommendation.
    • Construct and maintain historical financial summaries and earnings templates for credits under coverage incorporating key credit metrics relevant to a particular company and industry.
    • Develop industry knowledge to anticipate cycles, secular trends, and structural changes in industries covered.
    • Prepare and distribute quarterly corporate earnings briefs for existing portfolio holdings and regularly keep portfolio managers apprised of news developments surrounding existing and potential exposures.
    • Collaborate with credit colleagues and portfolio managers to help identify potential buying opportunities by compiling and monitoring lists of company comparables across various industries using specific metrics that appropriate for each individual sector.
    • Prepare peer analyses to determine strengths and weaknesses of industries and credits, including average fundamental ratios for particular sector groups.
    • Review external research from sell-side and rating agency analysts, and interact with analysts and external investor relations areas when required.
    • Potential for growth in areas of municipal/public finance and structured finance credit.
    • Participate in management discussions on credit risk and external economic, and regulatory factors.
    • Perform various special research projects for departmental managers as requested.

    Qualifications

    TYPE & AMOUNT OF EXPERIENCE:
    • Bachelor’s degree and/or advanced degree in finance, accounting or economics and minimum of 2 years of experience with producing written credit analysis and research on public corporations.
    • Experience within the municipal/public finance and/or structured finance sector(s) will be considered an advantage.
    • CFA charter preferred, but not required (support will be provided for progress towards earning the charter).
    • Experience in understanding and comprehending of financial statements, capital structure, cash flow analysis, capital markets, and portfolio management.
    • Demonstrated knowledge of financial accounting, fixed income securities, and an issuer’s capital structure.
    • Proven ability to conduct assignments independently and to succinctly write financial summaries, as well as possessing a drive to expand understanding of US capital markets, particularly investment credits.

     

    TECHNICAL COMPETENCIES:
    • Advanced MS Office skills, particularly MS Excel
    • Proficient knowledge of Bloomberg

     

    BEHAVIORAL COMPETENCIES:
    • Excellent oral and written communication skills and ability to summarize complex issues and relationships
    • Ability to prioritize and manage many concurrent projects while flexibly adapting to new assignments as needed
    • Ability to work independently and effectively with a self-directed creative approach and commitment to all assignments

     

    WORK ENVIRONMENT/CONDITIONS:
    • Standard office conditions


    In addition to any specific job requirements in connection with Bank Secrecy Act and/or OFAC (BSA), employee must (i) be aware of BSA matters commensurate with the position; (ii) report any suspicious activity to the manager or compliance department; and (iii) satisfactorily complete any required BSA training.

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