Delphi Capital Management - New York, NY

posted 5 months ago

Full-time - Mid Level
New York, NY
11-50 employees
Securities, Commodity Contracts, and Other Financial Investments and Related Activities

About the position

Delphi Capital Management, Inc. ("DCM") is seeking a Credit Analyst to join our New York City team. As a subsidiary of Tokio Marine Holdings, DCM manages USD investment portfolios with a strong track record of profitable growth, currently overseeing $50 billion in assets under management (AUM). The Credit Analyst will play a crucial role in generating investment recommendations for the firm's corporate portfolio, which includes US high-yield and investment-grade credits, as well as emerging markets credits. This position is hybrid, requiring a minimum of three days in the office, and candidates must be legally authorized to work in the United States. The Credit Analyst will work closely with the Chief Investment Officer (CIO) and Portfolio Managers (PMs) to source and assess buy/sell opportunities in high-yield and investment-grade sectors, while also monitoring existing positions in the portfolio. The role involves conducting deep fundamental analysis on specific coverage sectors to complement the existing research efforts. The analyst will develop valuation screens and models to identify opportunities across and within fixed-income sectors, maintain a strong understanding of covenants and indentures, and leverage both fundamental and quantitative screens to narrow down key investment ideas. Effective communication and the ability to articulate and defend investment theses are essential, as the analyst will be responsible for constructing comprehensive written investment reports. The ideal candidate will possess technical and modeling skills, with 5-10 years of direct experience in fundamental credit analysis, particularly in high-yield and leveraged loan credit analysis. A strong knowledge of financial accounting, capital structure, and financial forecasting is required, along with a four-year degree from a top-tier accredited college or university. An MBA and/or CFA designation is a plus. Candidates should demonstrate excellent bottom-up financial modeling and analytical skills, strong problem-solving abilities, and a results-oriented mindset. The ability to work autonomously while being a dynamic team player is crucial, as is a proactive and flexible approach to work. Strong organizational skills, attention to detail, and superior verbal and written communication skills are also necessary for success in this role.

Responsibilities

  • Work closely with the CIO and PMs in sourcing and assessing buy/sell opportunities in high-yield and investment-grade credits.
  • Conduct deep fundamental analysis on respective coverage sectors to complement existing research efforts.
  • Develop valuation screens/models to highlight opportunities across and within fixed-income sectors.
  • Maintain a strong understanding of covenants and indentures.
  • Leverage fundamental and quantitative screens to narrow down key investment ideas.
  • Effectively communicate, articulate, and defend investment thesis.
  • Construct comprehensive written investment reports.

Requirements

  • 5-10 years of experience as a Credit Research analyst in buyside credit, sell side research, investment banking, or ratings agencies, ideally in High Yield/Leveraged Loan credit analysis.
  • Strong knowledge of financial accounting, capital structure, and financial forecasting.
  • 4-year degree from a top-tier accredited college or university; MBA and/or CFA designation is a plus.
  • Excellent bottom-up financial modeling and analytical skills with an understanding of top-down thematic views.
  • Strong analytical and problem-solving skills applicable to a range of sectors and investment situations.
  • Results-oriented with a proven ability to work in a fast-paced and collaborative environment.
  • Ability to operate autonomously and think independently.
  • Strong organizational skills, accuracy, and attention to detail.
  • Excellent people skills with superior verbal and written communication skills.
  • Entrepreneurial mindset while being a dynamic team player.
  • Proactive and flexible individual, strategic but hands-on, organized, and able to provide clear priorities and goals.
  • Highly collaborative with a track record of exceeding expectations in a collegial environment.
  • Ownership mindset: takes responsibility for the accuracy and outcome of work.

Nice-to-haves

  • Experience in emerging markets credits analysis.
  • Familiarity with investment strategies and portfolio management.

Benefits

  • Base salary range of $125-175k depending on experience.
  • Performance-based bonus.
  • Full range of benefits including medical, dental, wellness, and 401(k).
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