Credit Analyst - Opportunistic Credit, Associate

at  BlackRock

Description
About this role
About this role
The Opportunistic Credit Team at BlackRock manages ~$4 billion of capital within the Private Credit division at BlackRock, with the team split between the New York and London offices. With funds dedicated toward both public (hedge fund / secondary) and private (illiquid / private) opportunities, we seek to achieve attractive risk-adjusted returns in the mid- to high-teens range, via a flexible mandate to deploy capital into investments spanning a wide range of industries, geographies, and stages of company life. Transactions can include special situations investments, senior secured loans, subordinated debt, mezzanine loans, asset / project financing, convertible debt, preferred equity, equity warrants, or any combination of the above. The team leverages its industry expertise, proprietary networks of the investment professionals, and the larger BlackRock platform to source unique and differentiated investment opportunities.
The Opportunistic Credit team is hiring an associate to join the team in London. He/She will be responsible for assisting in the underwriting of credit investments in both the primary and secondary markets, primarily in a private context, but with some time allocated towards working with members of our public credit team. He/She will be an integral part of a small team of highly qualified investment professionals and involved in all aspects of the investment process.

Responsibilities:

• Create and maintain detailed financial models
• Collaborate on due diligence, development of investment theses, and creation of investment memoranda to present to portfolio managers and the Investment Committee
• Assist in the review and coordination of drafting of credit and other investment documents
• Actively monitor portfolio investments and industry dynamics
• Flexibility to look at proprietary (private) origination as well as secondary trading (public market) opportunities.
• Development of long-term, well researched theses on credits or sectors through stand-alone independent research regardless of market consensus

Qualifications:

• Strong academic background and ideally 2 to 3+ years of corporate finance experience in principal investing, investment banking, or restructuring advisory
• Self-motivated with ability to operate with modest oversight on small deal teams (2-3 professionals)
• Strong analytical ability & intellectual curiosity around the investment process, spanning a wide range of industries.
• Candidate must be comfortable participating and presenting in internal discussions, Investment Committee meetings, diligence meetings with senior management teams, and discussions with industry sources, sell-side analysts, and other professionals.
• Candidate must be able to work in collegial, team-oriented environment.
• Experience with leveraged finance, credit underwriting, distressed investing or bankruptcy will be viewed positively.
• Ability to prioritize work and manage multiple responsibilities with time-sensitive deadlines.

Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of employee benefits including: retirement investment and tools designed to help you in building a sound financial future; access to education reimbursement; comprehensive resources to support your physical health and emotional well-being; family support programs; and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.

• Create and maintain detailed financial models
• Collaborate on due diligence, development of investment theses, and creation of investment memoranda to present to portfolio managers and the Investment Committee
• Assist in the review and coordination of drafting of credit and other investment documents
• Actively monitor portfolio investments and industry dynamics
• Flexibility to look at proprietary (private) origination as well as secondary trading (public market) opportunities.
• Development of long-term, well researched theses on credits or sectors through stand-alone independent research regardless of market consensu