Senior Credit Analyst

Job Description:

About the Team

The Fixed Income Strategies team manages over seventeen billion across five portfolios spanning rates, investment grade and leveraged credit, and structured products. The team integrates fundamental and quantitative insights and manages both long-only and long/short strategies. We emphasize disciplined portfolio construction, rigorous risk management, and collaborative decision-making across asset classes.

Position Overview

We are seeking an experienced Senior Credit Analyst to join our investment team. This role is responsible for conducting in-depth fundamental credit analysis across high yield and leveraged loan issuers, producing investment recommendations, and supporting portfolio construction. The ideal candidate brings strong analytical rigor, market awareness, and a proven ability to identify relative value opportunities in below-investment-grade debt.

Key Responsibilities

• Perform investment research inclusive of credit analysis, deal write-ups, and financial modeling
• Evaluate relative value across bonds, loans, and other credit instruments
• Monitor existing portfolio holdings and provide ongoing risk assessments

• Collaborate with portfolio managers on trade ideas and portfolio positioning
• Engage with traders on market dynamics, liquidity, new issue
• Track market trends, sector developments, and macroeconomic factors impacting credit markets
• Generate written research reports and present investment recommendations to the investment team
• Establish and maintain working relationships and dialogue with sell-side analysts, company management, industry experts and rating agencies,
• Lead, mentor, and develop less seasoned credit analysts
• Partner with quantitative and technology teams to build and enhance research and analytics platforms
• Provide leveraged finance expertise across the firm and participate in cross-market strategies and trades

Qualifications

• Minimum 10 years of experience in leveraged finance analytics, including advanced financial modeling and valuation skills
• Demonstrated success identifying relative value opportunities within covered sectors
• Strong understanding of credit markets, capital structures and distressed situations
• Broad understanding of global fixed income and capital markets
• Strong ability to collaborate effectively within a small team and across investment disciplines
• Excellent written and verbal communication skills
• Strategic mindset paired with exceptional attention to detail
• Team-oriented professional with a positive, constructive approach
• Familiarity with CLOs and private credit preferred
• Proficiency with Bloomberg, Aladdin, or similar tools

*The internal title for this position is Senior Portfolio Manager

SWIB Offers:

• Competitive total cash compensation, based on AON (formerly McLagan) industry benchmarks
• Comprehensive benefits package
• Educational and training opportunities
• Tuition reimbursement
• Challenging work in a professional environment
• Hybrid work environment

The position requires U.S. work authorization.

Pursuant to our Hybrid Remote Work Policy, all staff have the flexibility to work remotely but are required to have a weekly presence in our offices, the frequency of which is dependent on their distance from office or the job position. Staff are not required to reside locally; however, we offer relocation reimbursement to the Dane County area per our policy.

All SWIB employees are subject to SWIB's Ethics Policy and Personal Trade Approvals Policy. These policies include restrictions on outside business activities and employment and have limits on personal trading. You may request copies of these policies from SWIB's talent acquisition team and any questions can be answered by SWIB's compliance team.