The Progressive Corporation

High-Yield Investment Research Analyst

The Progressive Corporation$160K — $190K *
Finance & Insurance
5 - 7 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree plus six years of relevant experience, or a master's degree with four years of experience.
  • Expertise in fixed income, including bond math and yield curve dynamics.
  • Proficiency in corporate credit analysis and financial modeling.
  • Ability to conduct independent fixed income research on securities, issuers or sectors.
  • Acumen to provide informed buy/sell recommendations.
  • Strong relationship-building skills for dealer engagement and trade execution.

Responsibilities

  • Conduct detailed research on non-investment grade companies.
  • Collaborate with portfolio managers for issuer, industry, and security analysis.
  • Monitor ongoing market and issuer developments.
  • Support portfolio construction with actionable insights.
  • Recommend investment strategies based on extensive research and analysis.

Benefits

  • 401(k) with a company match up to 6%.
  • Comprehensive medical, dental, and vision plans with preventive care.
  • Wellness and mental health programs available.
  • Flexible spending accounts and life insurance offered.
  • Generous paid time off and volunteer time off.
  • Paid and unpaid sick leave, including disability provisions.
  • Parental and family leave options, along with military leave.
  • Supportive and diverse workplace culture with Employee Resource Groups.
  • Opportunities for career development and growth.
Full Job Description
As ahigh-yield investment research analyst,you'll conduct research analysis on non-investment grade companies and support the research efforts and portfolio construction of a portfolio manager. In this role, you'll work closely with portfolio managers on in-depth issuer, industry and security research and valuation, while following market, issuer and security developments.

Minimum qualifications
  • Bachelor's degree and a minimum of six years of relevant work experience
  • OR a master's degree or higher, with at least four years of relevant work experience

Preferred Skills
  • Knowledge of fixed income, bond math, yield curve dynamics, accounting, corporate credit analysis, financial modeling, covenants, macro-economics and market regulations.
  • Ability to independently conduct fixed income research; analysis may focus on individual securities, issuers or sectors.
  • Knowledge and understanding to make buy/sell recommendations
  • Strong relationship building skills with ability to build and maintain relationships with dealers and execute trades


Compensation
  • Base: $160,000 - $190,000/year depending on position level and experience
  • Gainshare annual cash incentive payment up to 60% - 70% of your eligible earnings based on company performance and experience level
  • Participation in our restricted stock units plan

Benefits
  • 401(k) with dollar-for-dollar company match up to 6%
  • Medical, dental & vision, including free preventative care
  • Wellness & mental health programs
  • Health care flexible spending accounts, health savings accounts, & life insurance
  • Paid time off, including volunteer time off
  • Paid & unpaid sick leave where applicable, as well as short & long-term disability
  • Parental & family leave; military leave & pay
  • Diverse, inclusive & welcoming culture with Employee Resource Groups
  • Career development

About The Progressive Corporation

Progressive is a place where innovation and collaboration are a way of life. Each of our employees has a role in our success and together, we continue to find new and better ways to satisfy our customers and move the insurance industry forward.

The Progressive Corporation Careers

Join the vibrant team at The Progressive Corporation, a leader in the insurance industry, and propel your career to new heights with a company known for innovation, leadership, and a commitment to diversity and growth.

Work You’ll Do

At The Progressive Corporation, we offer more than just job opportunities; we provide a platform for professional development and personal growth. As part of our team, you will contribute to transformative projects that redefine the standards of the insurance industry. Our collaborative culture ensures that every team member has the opportunity to make a significant impact.

Empower Your Career

Step into a role that challenges and excites you. At Progressive, you can navigate through a variety of career paths with the support of our extensive training and development programs. From leadership training to diversity workshops, we equip our professionals with the tools they need to excel.

Innovate with Us

Join a group of forward-thinkers who are constantly driving innovation in the insurance sector. At Progressive, your skills in technology, industry expertise, and digital innovation will help shape solutions that meet the evolving needs of our customers.

Internship Programs

Kickstart your career with The Progressive Corporation’s internship programs. Gain invaluable experience, build your resume, and develop professional networking connections that will benefit your career for years to come. Our internships offer a deep dive into the insurance industry, providing a robust foundation for future success.

Benefits and Culture

Choose a career with The Progressive Corporation and enjoy a wealth of benefits that go beyond the basics. Our inclusive culture supports our employees’ life stages and fosters a workplace where everyone can thrive. Health, wellness, financial planning, and work-life balance are just the beginning of what we offer.

Join Our Team

Explore the numerous positions available at Progressive, from entry-level to executive, and find where your expertise can make the most impact. We are continuously hiring talented individuals who are passionate about making a difference and ready to contribute to our culture of continuous improvement.

Stay Connected

Keep up to date with the latest at Progressive: - **Career Insights**: Get insider perspectives and industry-leading insights through our careers blog. - **Job Alert Emails**: Customize your subscription to receive job alerts and news tailored to your preferences. Discover the exciting and rewarding opportunities that await at The Progressive Corporation.

Explore Job Opportunities

Search open positions that match your skills and interests. We look for curious, creative, and solution-driven team players who are eager to drive progress and thrive in a dynamic environment.

SEARCH PROGRESSIVE JOBS

At The Progressive Corporation, your career is what you make of it. Grow, innovate, and lead with us as we redefine the future of insurance. Join us and be part of a team that values diversity, innovation, and the professional growth of its members.
Learn more about The Progressive Corporation
Size
49,000 employees
Market Cap
$75.6 billion
Industry
Net Income
$5.7 billion
Founded
1937
5 Year Trend
+15.3%
Revenue
$42.6 billion
NASDAQ

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