Manager - Research

• Managing Credit Research engagements where the Analyst Team is involved in initiating / monitoring single name corporate credit situations in North America and/or Europe across performing and opportunistic strategy in both leveraged loan and high yield markets
• As part of the engagement, the team performs investment research, including:
  • Building detailed financial models with KPI driven Revenue projections, Cost drivers, Working capital analysis, Capex schedule, Capital Structure analysis, Covenant analysis, Default & Recovery workouts and IRR sensitivities
  • Term Sheet preparation from credit agreements and bond indentures
  • Preparing Investment Memos including identification of investment catalysts and provide recommendations on high yield bonds/loans, including fundamental and relative value views for primary and secondary trades
  • Presenting the primary/secondary deals to the investment committee and clearly articulating your opinion. Take full ownership of the investment view and continuously monitor key developments affecting the issuer s credit quality
  • Maintain portfolio coverage including regular model updates and earning summary write-ups
• Driving Systemic Quality mindset across teams, implement and maintain best research delivery practices
• Work towards building strong client relationships, contribute to account-farming ideas, and be a driver of engagement growth
• Contribute towards building Credit Research Products and building subject matter expertise in existing and new asset classes under Fixed Income domain
• Proactively support on set-up and design of New Client Engagements

To succeed in this position, you must have:

• MBA or equivalent in Finance /CFA/CA
• Minimum of 10+ years of buy-side or sell-side experience covering single name corporate credit in the high yield space, across Leveraged Loans and/or Bonds, of which minimum 3 years of experience in delivery management roles
• Excellent corporate credit analysis skills from a fundamental perspective
• Proficiency in building detailed financial models and preparing investment memos besides having excellent analytical skills
• Generalist with good sector exposure in any of TMT, IT, Healthcare, Autos, Manufacturing, Oil & Gas, Chemical sectors
• Proficiency in using Databases & Portfolio Asset Management Systems - Bloomberg, CapIQ, FactSet, Syndication sites, Everest, eFront
• Ability to work under pressure and deliver high-quality research as per TAT agreed

Prior record of having worked on competitive Pilots will be an added advantage