Penn Mutualposted 9 months ago
$150,000 - $150,000/Yr
Full-time • Senior
Conshohocken, PA
Insurance Carriers and Related Activities

About the position

The Senior Credit Analyst position at Penn Mutual is a critical role within the PMAM team, requiring a deep understanding of financial markets to influence investment decisions significantly. This position not only involves conducting credit research and trading but also mentoring junior analysts and potentially supervising interns. The analyst will focus on various areas, including Credit Research and Trading, and will be expected to provide forward-looking credit opinions on securities and sectors, emphasizing relative value and optimal risk-adjusted returns. In this role, the Senior Credit Analyst will be responsible for developing financial models backed by thorough due diligence and industry research. They will analyze covenants, corporate structures, and capital structures, preparing recovery analyses to support investment decisions. The position also entails automating investment reports and analyses to enhance information flow and sharing among team members. Collaboration with portfolio managers is essential to understand each portfolio's risk profile and how it evolves with investment and business decisions. The role requires building strong relationships with dealers and other market participants while remaining current with market trends to generate innovative investment ideas. Efficient and accurate trading is a key responsibility, along with a high level of involvement in managing the general account and mutual funds, working closely with team members to improve the portfolio's risk profile. The company embraces a flexible, hybrid work approach, allowing employees to choose their work environment based on personal preferences, promoting a healthy work-life balance.

Responsibilities

  • Responsible for credit research and trading in assigned sectors covering investment-grade and high-yield corporate securities
  • Provide forward-looking credit opinions on securities and sectors with a focus on relative value and best risk-adjusted returns
  • Present investment ideas to the team in both formal and informal environments
  • Develop financial models supported by due diligence and industry research
  • Analyze covenants, corporate structures, and capital structures
  • Prepare recovery analysis
  • Automate investment reports/analysis for better information flow and sharing
  • Work closely with portfolio managers to understand each portfolio's risk profile and how it evolves with investment/business decisions
  • Build strong relationships with dealers and other market participants
  • Remain current with market trends and generate ideas
  • Trade efficiently and accurately
  • High involvement in management of the general account and mutual funds; work with team members to improve the portfolio risk profile

Requirements

  • Proven analytical, decision-making and problem-solving skills
  • Excellent oral, written communication and presentation skills
  • Ability to work collaboratively in a team environment
  • Strong decision making skills
  • The ability to effectively influence others
  • The ability to work in a fast paced high energy environment
  • Experience working in a trading floor environment and ability to deal with distractions and handle multiple tasks simultaneously
  • Knowledge of Derivative Solutions and Bloomberg required
  • Strong quantitative background
  • Good knowledge of SQL, VBA for Excel
  • In depth understanding of modeling techniques such as: Monte Carlo simulation, sensitivity analysis, historical analysis and risk analytics
  • Bachelor's Degree in Finance and/or Economics, MBA/CFA is a plus
  • 5+ years experience in a similar role

Benefits

  • Base Salary: $150,000 - $175,000
  • Flexible, hybrid work approach
  • Support for financial professionals with retirement and investment services through a wholly owned subsidiary
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