Distressed Debt AnalystThe Distressed Debt Analyst is an important contributor on the Leveraged Finance team reporting to a Senior Investment Professional.
The analyst will work alongside analysts, traders, and portfolio managers across Nationwide's investment platform, and will be primarily focused on public and private debt investments in various stages of financial stress. This is a great opportunity for an experienced investment professional to drive workout and restructuring capabilities within the investment process. The analyst will partner with team members in framing downside sensitivity analyses on performing investments as well as drive the process on distressed and other special situations.
Key skills and responsibilities for this role include:
- Provide investment recommendations and insights on special situations across sectors for both existing holdings and new opportunities as appropriate. Areas of focus will include identifying initial indications of fundamental deterioration, restructuring, reorganization, bankruptcy, and workout situations.
- Produce base case and downside fundamental forecasts, valuation analyses, and recovery expectations.
- Possess a strong legal acumen and knowledge of relevant legal documents (bond indentures, credit agreements, etc.).
- Demonstrate proficient knowledge of corporate and debt structuring, including bank loans.
- Engage with market participants, street analysts, and the restructuring advisor/attorney community.
- Lead investment team engagement with the in-house legal team.
- Provide regular updates to the portfolio managers, analysts, and traders on all pertinent news items.
The hired associate must reside within 35 miles of the following location:
Columbus: One Nationwide Plaza, Columbus OH, 43215
Work schedule: 3 days in office, 2 days remote.
This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.
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Job Description SummaryNationwide Investments employs a research-driven, team-oriented, and results-focused investment process to manage our clients' portfolios. Credit Research is one of three critical functions in the investment process, along with Portfolio Management and Trading. As a Senior Investment Analyst on our High Yield Credit Research team, you will be responsible for identifying, analyzing, and recommending investments within the High Yield bond market. Senior Research Analysts also have responsibility for driving and monitoring investment strategies in their assigned sectors.
Job DescriptionKey Responsibilities:- Performs research and analysis in support of the team's investment decision-making process. Senior Investment Analysts demonstrate the ability to work without direct supervision on day-to-day tasks.
- Identifies risk and return drivers, develops and models forward-looking scenarios, analyzes relative value, and provides investment recommendations for positioning within assigned sectors.
- Communicates analysis and investment theses through use of written reports, presentations, conversations, and market meetings.
- Evaluates changes in the economic, regulatory, legislative, and competitive business environments that impact investment fundamentals, valuations, and positioning within client portfolios.
- Builds relationships with internal and external partners to facilitate the analysis of investment opportunities.
- Collaborates successfully with other Nationwide Investment groups to advance our clients' best interests.
May perform other responsibilities as assigned.
Reporting Relationships: Reports to Senior Investment Professional
Typical Skills and Experiences:Education: Bachelor's Degree; MBA or CFA preferred
Experience: 4 to 7 years of related investment experience.
Knowledge, Abilities and Skills: - Experienced understanding of credit research
- Proficient high yield and leveraged loan credit researcher
- Proficient in Excel; prior Bloomberg experience
- Demonstrates presence with excellent verbal and written communication skills
- Ability to establish and organize work priorities
- Results driven, self-motivated, and intellectually inquisitive
- Positive, hardworking, proactive, and professional
- Highly collaborative and team oriented
- Critical and creative thinker willing to express opinions and views
- Organized, detailed, and process oriented
- Outstanding analytical and problem-solving skills
- Capable of working independently and uses some judgment with oversight required for overall tasks
Other criteria, including leadership skills, competencies and experiences may take precedence.
Staffing exceptions to the above must be approved by the hiring manager's leader and HR Business Partner.
Values: Regularly and consistently demonstrates Nationwide Values.
Job Conditions: Overtime Eligibility: Not Eligible (Exempt)
Working Conditions: Normal office environment. Some travel may be required.
Credit Check: Due to the fiduciary accountabilities within this job, a valid credit check and/or background check will be required as part of the selection process.
BenefitsWe have an array of benefits to fit your needs, including: medical/dental/vision, life insurance, short and long term disability coverage, paid time off with newly hired associates receiving a minimum of 18 days paid time off each full calendar year pro-rated quarterly based on hire date, nine paid holidays, 8 hours of Lifetime paid time off, 8 hours of Unity Day paid time off, 401(k) with company match, company-paid pension plan, business casual attire, and more. To learn more about the benefits we offer, click here.
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range. Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.
The national salary range for Senior Investment Analyst : $106,500.00-$177,500.00
The expected starting salary range for Senior Investment Analyst : $106,500.00-$177,500.00
