Role SummaryThe High Yield Credit Analyst will be responsible for the credit coverage of a few major sectors and multiple individual company positions. The individual will research new issues and secondary trade ideas as well as well as monitor existing portfolio holdings to generate superior risk-adjusted returns.
Responsibilities- Conduct independent, fundamental high yield credit research to identify and initiate investment ideas.
- Analyze and explain economic, competitive, sector and political drivers that impact a borrower's ability to repay its debt. Develop well-researched short and long-term perspectives, resulting in the assignment of T. Rowe Price (TRP) bond ratings, outlooks and investment recommendations.
- Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits. Make buy, hold or sell investment recommendations incorporating the fundamental credit outlook.
- Interact with management teams, other credit analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including fixed income and equity analysts. Assimilate and filter various sources of information to develop long term, well-researched investment theses on sectors and issuers.
- Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other TRP analysts, credit and advisory committees and external clients.
- Produce and communicate regular forecasts of bond performance in selected credits. Also develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk.
QualificationsRequired:- College degree with a minimum of three years of relevant work experience analyzing Fixed Income securities.
- Most critical attributes are solid analytical skills, insight and effective communication. TRP emphasizes a team-oriented approach, which will require the analyst to demonstrate these attributes on both an individual and group level.
- Experience understanding and evaluating creditworthiness.
- Ability to make judgments based on market knowledge.
- Experience with financial statement modeling and analysis.
- Inquisitive nature, driven to excel in all aspects of the analytical process. Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty.
- Willingness to pursue and explore ideas and potential investment opportunities, supporting one's ideas to questioning by Portfolio Managers and other analysts.
- A team player with excellent communication skills, written and verbal.
Preferred:- Advanced degree (MBA) and/or CFA
FINRA RequirementsFINRA licenses are not required and will not be supported for this role.
Work FlexibilityThis role is eligible for hybrid work, with up to one day per week from home.
Base Salary RangesPlease review the job posting for the location of this specific opportunity.
$175,000.00-$275,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$175,000.00-$275,000.00 for the location of: Washington, D.C.
$175,000.00-$275,000.00 for the location of: New York, California
Placement within the range provided above is based on the individual's relevant experience and skills for the role. Base salary is only one component of our total compensation package. Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
BenefitsWe value your goals and needs, at work and in life. As an associate, you'll be supported with resources, benefits, and work-life balance so you can thrive in ways that matter to you.
Featured employee benefits to enrich your life:
- A generous retirement plan
- Health and wellness benefits, including online therapy
- Paid time off for vacation, illness, medical appointments, and volunteering days
- Family care resources, including fertility and adoption benefits
Learn more about our benefits.
