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Years of Experience
Date Last Verified
ProfileCredit Analyst, Municipals Duties: Assume coverage and responsibility for one or more defined sectors within U.S. public finance with a focus on both IG and HY asset classes. Create financial projections with a focus on debt sustainability and develop independent credit opinions for related coverage field. Analyze political conditions and the impact on credit fundamentals. Report and analyze potential changes in the tax policies and accounting treatment of municipal issuers. Provide detailed investment recommendations to tax-exempt and taxable portfolio managers. Proactively develop and communicate investment ideas with portfolio managers. Produce written reports and presentations as necessary. Interact with clients or client service professionals as required. Work with other areas of the firm, including corporate credit analysts, to source cross-asset class investment ideas.
Qualification and Experience
Requirements: Must have 5-7 years of relevant Public Finance credit analysis experience. Experience should include budget, credit or finance work at a buy side/sell side firm, federal agency, major state or municipal treasurer office. Strong prior experience in Muni high yield asset classes and experience in either municipal or corporate distressed situations. Exposure to the following sectors a plus: tobacco, healthcare, assisted living/skilled nursing/CCRC. Strong academic credentials and achievement; MBA/JD Degree/CFA preferred. Deep understanding of global fixed income products, including tax-exempt and taxable products. Strong understanding of fixed income math with a background in statistics or economics. Ability to make judgments regarding credit, risk, and valuation. Market knowledge that allows the analyst to determine the appropriate depth of analysis required for individual credits. Experience managing tasks with minimal direction and an ability to make preliminary decisions in a short time frame with incomplete information. Good communicator; strong written and oral presentation abilities. Needs to be persuasive and credible. Appreciates seeing one’s investment ideas added to investment portfolios and enjoys credit analysis as a long-term career.
Job ID #: 16016