Job Description Summary
Under limited supervision, uses extensive knowledge and skills obtained through experience, specialized training or certification to perform advanced credit analysis and support Portfolio Managers in evaluating investment grade (IG) and high yield (HY) corporate debt investments. Responsibilities include analyzing financial statements, assessing credit risk, leading due diligence efforts, monitoring existing holdings, and preparing detailed written credit reports and recommendations. Provides guidance on complex issues, exercises independent judgment, and may lead projects or mentor junior associates. Work is varied and complex, requiring evaluation, originality, and ingenuity in decision-making. Exposure to structured products (ABS, MBS, CMBS) is considered a plus.
Job Description
Responsibilities:
- Develops expertise in assigned industries and issuers to assess creditworthiness and relative value across IG and HY markets.
- Performs comprehensive credit analysis including financial statement analysis, cash flow modeling, and capital structure evaluation.
- Makes investment recommendations to portfolio managers with respect to companies in assigned industries.
- Monitors portfolio holdings and proactively identifies material credit developments, risks, and catalysts.
- Analyzes macroeconomic and industry trends impacting credit performance and portfolio positioning.
- Prepares written credit reports, investment recommendations, and ongoing surveillance updates.
- Assist in product education and marketing with internal and external stakeholders.
- Performs other duties and responsibilities as assigned.
Knowledge of:
- Company's working structure, policies, mission, and strategies.
- Strong concepts, practices and procedures of research analysis.
- Strong investment concepts, practices and procedures used in the securities industry.
- Principles of banking and finance and securities industry operations.
- Financial markets and products.
- Detailed working knowledge of corporate finance and financial statement analysis.
- Experience with credit analysis, including corporate, government and agency debt, as well as ABS, CMO,CMBS analysis for evaluating balance sheets of small cap and mid cap financial companies.
Skill in:
- Performing quantitative and qualitative credit analysis.
- Interpreting financial statements and identifying credit risks and trends.
- Identifying relationships, drawing logical conclusions, and interpreting results.
- Preparing and delivering clear, effective, and professional presentations.
- Using required software applications to produce reports, spreadsheets, and presentations.
Ability to:
- Analyze complex financial data and make informed credit recommendations.
- Organize, manage, and track multiple detailed tasks with critical deadlines in a fast-paced environment.
- Communicate effectively, both verbally and in writing, with all organizational levels.
- Work independently as well as collaboratively within a team environment.
- Attend to detail while maintaining a big picture orientation.
- Establish and maintain effective working relationships at all levels of the organization.
- Convey information clearly and effectively through both formal and informal documents.
- Demonstrate sound judgment and leadership in evaluating credit risk and guiding decisions.
Educational/Previous Experience Requirements:
Bachelor’s Degree (B.A.) in Finance, Accounting, Economics, or related field and a minimum of three (3) to six (6) years of relevant experience in corporate credit analysis (IG and/or HY) or fixed income investing.
~or~
Any equivalent combination of experience, education, and/or training approved by Human Resources.
Licenses/Certifications:
CFA designation or progress toward CFA strongly preferred.
Education
Bachelor’s: Accounting, Bachelor’s: Business Administration, Bachelor’s: Economics, Bachelor’s: Finance
Work Experience
Certifications
Securities Industry Essentials Exam (SIE) - Financial Industry Regulatory Authority (FINRA)
Travel
Less than 25%
Workstyle
Hybrid
The total compensation for this position includes base salary or wages, and may include components such as additional compensation (cash or equity), discretionary bonuses, or commissions. This position is eligible for a benefits package that may include medical, dental, and vision; life insurance; critical illness insurance and accident insurance; disability benefits; retirement savings; paid time off (including vacation, holidays, and sick leave); and parental leave. Eligibility for benefits and specific offerings may vary based on position and employment status. To view more details of the benefits offered, visit Myrjbenefits.com.
At Raymond James our associates use five guiding behaviors (Develop, Collaborate, Decide, Deliver, Improve) to deliver on the firm's core values of client-first, integrity, independence and a conservative, long-term view.
We expect our associates at all levels to:
• Grow professionally and inspire others to do the same
• Work with and through others to achieve desired outcomes
• Make prompt, pragmatic choices and act with the client in mind
• Take ownership and hold themselves and others accountable for delivering results that matter
• Contribute to the continuous evolution of the firm
At Raymond James – as part of our people-first culture, we honor, value, and respect the uniqueness, experiences, and backgrounds of all of our Associates. When associates bring their best authentic selves, our organization, clients, and communities thrive. The Company is an equal opportunity employer and makes all employment decisions on the basis of merit and business needs.
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