Guggenheim Services, LLC

Mid-Level Structured Credit Analyst

Job Locations US-CA-Santa Monica
Posted Date 1 week ago(5/24/2023 12:27 PM)
ID
2023-2560
Job Category
Finance & Accounting Jobs
Position Type
Full-Time

Position Summary

Specializing in ABS, the Structured Credit Analyst will be responsible for reviewing new investment opportunities, credit surveillance of existing positions, maintaining awareness of industry developments, and developing and producing credit risk surveillance reports.

Essential Job Functions

  • Analyze investments in ABS subsectors such as Equipment, Floorplan, Solar, Timeshare, Container, Railcar, Data Center, and Whole Business. Large emphasis on Esoteric/Commercial ABS sectors.
  • Review transaction documents to understand key attributes related to payment waterfall, reserve accounts, asset dispositions, performance triggers, and rights and authorities of key parties. Maintain knowledge of market terms and pricing to support efficient comparisons and negotiation of deal terms
  • Take direction from Senior Analysts. Assist Senior Analysts and Traders in the management of club, bilateral, and private/loan form transactions
  • Utilize GPIM underwriting guidelines, deal-specific cash flow modeling, and review of deal terms, as well as all available sources of information (e.g., offering/governing documents, roadshows, published research, news, financial reporting, rating agency reports, and market color) to create clear, comprehensive, and authoritative credit memoranda
  • Assist in development of ad-hoc research notes, credit memos and monthly/quarter credit reporting. Assist in and conduct presentations to Investment Committee.
  • Perform credit surveillance of existing investments and relevant industry exposures, including reviewing investor reports and third party research, following news and developments, and interacting with internal/external subject matter experts
  • Participate in issuer, servicer, and manager meetings/calls to maintain knowledge of market developments and industry practices. Conduct high frequency monitoring of lessee, operator, guarantor, and manager news and industry developments
  • Research and recommend credit sells and other loss mitigation actions
  • Maintain updated cashflows and analytics for existing investments. Support ABS traders with timely refreshing of deal cashflows and key structural terms

Preferred Qualifications

  • 5-7 years of relevant experience
  • Experience in research, analysis, structuring and modeling of structured credit securities
  • Experience with industry standard tools such as Bloomberg
  • Strong credit, finance, economic, business and technical skills
  • Advanced Excel skills
  • Strong written and verbal communication skills
  • Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner
  • Strong commitment to performance and accuracy of work product
  • Team oriented individual with ability to work well with diverse groups
  • Familiarity with the Blackrock Solutions Aladdin system

Basic Qualifications

  • Undergraduate Degree required with concentrations in Business, Finance, Economics, or related field. MBA and or CFA is a plus

Salary Details

The annual base salary for this role is between $165,000 - $180,000. The base salary range represents the low and high end of the anticipated base salary range for this position. Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.

About Us

Guggenheim Partners is a diversified financial services firm that delivers value to its clients through two primary businesses: Guggenheim Investments, a premier global asset manager and investment advisor, and Guggenheim Securities, a leading investment banking and capital markets business. Guggenheim’s professionals are based in offices around the world, and our commitment is to deliver long-term results with excellence and integrity while advancing the strategic interests of our clients.

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran. Learn more at GuggenheimPartners.com, and follow us on LinkedIn and Twitter @GuggenheimPtnrs.

 

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