Get to Know the OpportunityVoya Investment Management is seeking a motivated credit analyst to support its Investment Grade Private Credit team, with primary responsibility for monitoring a portfolio of investment-grade private credit investments. The analyst will also assist in evaluating new investment opportunities.
The Contributions You Will MakeI. Underwriting and Execution - Private Debt Transactions
- Analyze credit/investment characteristics of borrowing entities by reviewing offering materials, pursuing independent research & analysis, and engaging with management teams and their agents.
- Independently form and justify a view on transaction credit quality and assign internal ratings.
- Collaborate with internal legal team to evaluate and negotiate key transaction terms.
- Assess pricing and relative value as part of an overall investment recommendation.
- Prepare and present investment memoranda and other supporting materials.
- Present conclusions and recommendations to senior leadership and to relevant committees.
- Perform further due diligence through conversations with company management and on-site visits of company's facilities, where appropriate.
II. Portfolio Monitoring
- Monitor credit quality of a portfolio of private credit assets, including ongoing financial performance and compliance with debt covenants.
- Maintain communication with borrowers to maintain real time understanding of their business performance and outlook, and to foster relationships for further growth where desired.
- Organize and maintain records on assigned private credit portfolio, including deal files, updating Voya's credit monitoring application, and writing periodic summaries of credit performance.
- Maintain internal ratings on each investment, making and documenting change recommendations in conjunction with senior staff.
- Review amendment and waiver requests in collaboration with internal legal team and make recommendations to senior staff.
III. General Responsibilities
- Ad hoc requests, including assisting with client questions, portfolio management team needs, and administrative items related to the portfolio.
- Adhere to Voya IM and Departmental policies.
Minimum Knowledge and Experience- Minimum Bachelor's degree.
- CFA Designation (or pursuit thereof) or equivalent preferred.
- Minimum of 2 years' corporate credit experience; exposure to private or public bond markets preferred but not essential.
- Excellent credit skills, inclusive ability to assess the quality and expected future performance of corporate credits and infrastructure projects.
- Familiarity and experience with loan documents and covenant packages.
- Advanced understanding of Excel and strong modeling capabilities.
- Excellent written and oral presentation skills.
- Solid foundation in accounting standards, and ability to navigate and analyze financial statements.
- Able to constructively engage with transaction counterparties and other stakeholders.
- Intellectual curiosity and desire to self-motivate while working in a fast-paced environment.
- Proven ability to make the most of available time while managing multiple workstreams.
- Team player attitude, and interest in supporting peers and colleagues to foster success for the whole.
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Compensation Pay Disclosure:Voya is committed to pay that's fair and equitable, which means comparable pay for comparable roles and responsibilities.
The below annual base salary range reflects the expected hiring range(s) for this position in the location(s) listed. In addition to base salary, Voya offers incentive opportunities (i.e., annual cash incentives, sales incentives, and/or long-term incentives) based on the role to reward the achievement of annual performance objectives. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Voya Financial is willing to pay at the time of this posting.
Actual compensation offered may vary from the posted salary range based upon the candidate's geographic location, work experience, education, licensure requirements and/or skill level and will be finalized at the time of offer. Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.
$85,000 to $95,000 USD
Be Well. Stay Well.Voya provides the resources that can make a difference in your lives. To us, this means thriving physically, financially, socially and emotionally. Voya benefits are designed to help you do just that. That's why we offer an array of plans, programs, tools and resources with one goal in mind: To help you and your family be well and stay well.
What We Offer- Health, dental, vision and life insurance plans
- 401(k) Savings plan - with generous company matching contributions (up to 6%)
- Voya Retirement Plan - employer paid cash balance retirement plan (4%)
- Tuition reimbursement up to $5,250/year
- Paid time off - including 20 days paid time off, nine paid company holidays and a flexible Diversity Celebration Day.
- Paid volunteer time - 40 hours per calendar year
Learn more about Voya benefits (download PDF)
Critical SkillsAt Voya, we have identified the following critical skills which are key to success in our culture:
- Customer Focused: Passionate drive to delight our customers and offer unique solutions that deliver on their expectations.
- Critical Thinking: Thoughtful process of analyzing data and problem solving data to reach a well-reasoned solution.
- Team Mentality: Partnering effectively to drive our culture and execute on our common goals.
- Business Acumen: Appreciation and understanding of the financial services industry in order to make sound business decisions.
- Learning Agility: Openness to new ways of thinking and acquiring new skills to retain a competitive advantage.
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