Credit Analyst

Corporate Credit Analyst - Asset Management: Permanent Intermediate level, competitive bonus & benefits, including 38 days holiday

The role

The Corporate Credit Analyst is to work closely with our Senior Corporate Credit Analyst to support credit insights and recommendations on Corporate credits across multiple sectors and enhance the in-house bottom-up and top-down credit research capabilities. The Corporate Credit Analyst will also assist with Internal Credit Ratings and monitoring on Corporate credit assets.

The incumbent will support the Senior Corporate Credit Analyst on:

and act as secondary analyst on other ratings within the team.

The incumbent will also assist with the rating frameworks and reviews of external managers’ rating methodologies to ensure that ratings remain appropriate.

Key responsibilities

• Review and Assignment of Internal Ratings and Development of Rating Methodologies – Assisting with the assigning and monitoring of internal credit ratings on Corporate credit assets. Ensuring ratings are accurate and follow approved methodology, in a timely manner. Assisting with developing methodologies and associated documentation that meets all requirements (including rating agency criteria, regulatory guidelines, and best practice).
• Sector and Single Name Monitoring and Outlooks – Assist with the maintenance of sector and single name outlooks and recommendations across the Corporate portfolio in collaboration with our asset managers, portfolio managers and macro strategists. Support in developing scenarios that inform investment decisions.
• ESG – Support the integration of environment, social and governance factor in our investments.
• Investment Decision Making – Build tools to monitor credit risks and relative value. Monitor the horizon for emerging credit risks in order to provide recommendations of early actions to protect the Phoenix Group balance sheet from credit deterioration and credit rating migration.
• Interaction with external stakeholders – Coordinate and document regular dialog with external asset managers, rating agencies, bank counterparties and company management as well as assisting and supporting interactions with the regulator.
• Interaction with internal stakeholders- Chief Credit Officer and other credit specialists within the team, Group CIO, Markets and Portfolio Management team, ALM & structuring team, Group Risk, BPA team
  

What we're looking for

Qualifications

• Undergraduate degree or equivalent
• Additional certification desirable (CPA/ CMA/ CFA)

Experience

• Knowledge of the rating processes undertaken by external credit rating agencies, as well as regulatory expectations.
• Previous experience interpreting credit rating methodology appropriately and challenging subjective assessments when necessary.
• Conducting credit rating analysis, including cash flow modelling and the analysis of financial information, group, and debt structures. In addition, familiarity with loan documentation.
• Presenting opinions on the credit quality of an asset including writing credit and rating reports highlighting key risks to a range of stakeholders.
• Providing credit screenings on new transactions, cognisant of all stakeholder requirements (investment allocation, capital model etc.)
• Producing sector reports highlighting key investment risks and opportunities.

Personal Attributes

• Strong organisational skills.
• Comfortable dealing with ambiguity.
• Ability to work independently and as part of a team.
• Ability to work towards tight deadlines.
• Excellent communication and technical skills to interact with asset managers and other stakeholders.
• Comfortable managing complex and detailed projects and managing stakeholders effectively.

Skills

• Proficient use of MS Excel, Word, PowerPoint and credit rating agency data platforms.
• Bloomberg proficient use highly desirable.