Leveraged Finance Credit Analyst, Associate

at  BlackRock

Description
About this role
Role description:
This is a Associate position within the Fundamental Credit team. The candidate will report to The EMEA Head of Research and work closely with the portfolio managers in assessing credit opportunities. The candidate will be responsible for rigorous credit-orientated fundamental research across the corporate capital structure and monitoring investments for High Yield, Leveraged Loan and Long/Short Credit portfolios.

Responsibilities:

• Conduct fundamental credit research across the corporate capital structure.
• Cover one or several industry sectors, analysing and explaining economic, competitive and political drivers that impact a borrower’s credit quality and assessing relative value.
• Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions.
• Interact with management teams, industry sources, other analysts, sell-side analysts, and other investment professionals.
• Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers.
• Create historical and projected financial models, analyse key financial and operational metrics, develop deep valuation.
• Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients.

Skills, experience and education:

• Proven experience of identifying profitable investment opportunities based on extensive fundamental research on leveraged issuers in European credit market
• Expert in credit/financial statement analysis, with specific experience analysing companies, fixed income securities, credit derivatives and equity investments
• Familiarity and experience with bond and loan covenants – familiarity with leveraged loan credits and syndication processes in beneficial but not essential
• Advanced financial analysis and modelling skills with specific experience in one of several of the following: analysing companies, fixed income securities or equity investments
• Inquisitive nature, driven to excel in all aspects of the analytical process and in assessing opportunities through different asset classes
• Enquiring and analytically minded with a logical and thorough work ethic
• Must possess the desire and ability to work in a team-orientated environment
• Excellent written and verbal communication skills
• Must be fluent in English
• Fluency in a second language is preferred

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.

• Conduct fundamental credit research across the corporate capital structure.
• Cover one or several industry sectors, analysing and explaining economic, competitive and political drivers that impact a borrower’s credit quality and assessing relative value.
• Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions.
• Interact with management teams, industry sources, other analysts, sell-side analysts, and other investment professionals.
• Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers.
• Create historical and projected financial models, analyse key financial and operational metrics, develop deep valuation.
• Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients