Intermediate Analyst - Leveraged Loans/CLOs
- Employer
- Allstate Insurance Company
- Location
- Chicago, Illinois
- Salary
- Not Specified
- Posted
- May 03, 2019
- Closes
- Jul 02, 2019
- Ref
- 549043300A1#GIJ--Allstate.1
- Category
- Financial Services, IT
- Job Type
- Not Specified
- Career Level
- Not Specified
Where good people build rewarding careers.
Think that working in the insurance field cant be exciting, rewarding and challenging? Think again. Youll help us reinvent protection and retirement to improve customers lives. Well help you make an impact with our training and mentoring offerings. Here, youll have the opportunity to expand and apply your skills in ways you never thought possible. And youll have fun doing it. Join a company of individuals with hopes, plans and passions, all using and developing our talents for good, at work and in life.
Job Description
As part of Allstate Investments Below Investment Grade (BIG) activities, we invest in high yield bonds and broadly syndicated bank loans for several mandates including the Allstate general accounts and Collateralized Loan Obligations (CLOs) managed by our team under the AIMCO name.
Allstate Investments Public Asset Group is seeking an intermediate analyst to join our credit research team that supports our Leveraged Loan and CLO portfolios.
The intermediate analyst role involves following various leveraged loan investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.
Key Responsibilities
-
The Intermediate Analyst will be expected to focus on the following:
- Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities; this involves thoroughly reviewing the deal presentations and other related company or industry material, attending or viewing the issuers road show presentation, discussing the companys historical financial performance and business outlook with the portfolio managers to assure that all the relevant issues are properly considered and resolved. This activity often takes place on an accelerated time frame.
- Making recommendations that will drive portfolio outperformance. For existing issues, this includes reviewing quarterly operating results, writing credit reports and updates, developing and updating financial models, reviewing key industry issues and competitors and monitoring changes in prices and spreads.
- Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.
- Provide support for internal and external communications on an as-needed basis.
Job Qualifications
- Three to five years of investment experience with a focus on Leveraged Loans
Skills Required
- Solid understanding of the capital markets, quantitative methods, finance, economics and market cycles
- Investment banking and/or credit training a plus
- Strong verbal and written communication skills
- Strong interpersonal skills and willingness to be a reliable team player, to build trust and confidence through collaborations with a wide range of internal and external colleagues
- Ability to work efficiently, organize and prioritize assignments
- Ability to work well with internal and external contacts
- Strong computer skills, including Microsoft Office Products and Bloomberg
EDUCATIONAL BACKGROUND:
A bachelors degree in business, finance or related with strong academic performance; MBA and/or CFA a plus.
LEADERSHIP REQUIREMENTS AND PERSONAL TRAITS:
The successful candidate will be a change leader and manager. This individual must also have the following personal and professional attributes which are consistent with the Companys stated values:
- Thrive on change and continuous improvement;
- Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals;
- Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative;
- Strive for effective communication resulting in teamwork, shared knowledge, and ideas;
- Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals;
- Ensure the development of a diverse pool of talent to meet current and future organizational needs;
- Create an environment where people from diverse cultures and backgrounds work together effectively;
- Be of unquestionable integrity, ethical and moral character;
- Deal effectively with ambiguity, change, and adapt appropriately to a range of situations;
- Pursue lifelong learning and personal development;
The candidate(s) offered this position will be required to submit to a background investigation, which includes a drug screen.
Good Work. Good Life. Good Hands.
As a Fortune 100 company and industry leader, we provide a competitive salary but thats just the beginning. Our Total Rewards package also offers benefits like tuition assistance, medical and dental insurance, as well as a robust pension and 401(k). Plus, youll have access to a wide variety of programs to help you balance your work and personal life -- including a generous paid time off policy.
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Allstate generally does not sponsor individuals for employment-based visas for this position.
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component.
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