Position Summary
Guggenheim Investments seeks an exceptional candidate for its European Corporate Credit team. The role focuses on analyzing companies and sectors in the European corporate credit market, developing investment recommendations. Coverage includes leveraged loans, high-yield bonds, investment-grade bonds, and private/direct credit.
Essential Job Functions
* Coverage of European Corporate Credit across syndicated and private debt, focusing on specific sectors across numerous credits and assets under management (AUM), comprising:
* Underwriting prospective new investments:
* Comprehensive due diligence process involves in-depth company and industry research, detailed financial modeling, environmental, social, and governance (ESG) reviews, company valuation analysis, legal documentation reviews, communication with investment banks, and engagement with management teams.
* Preparation of detailed investment memoranda based on the above due diligence, before leading the presentation of opportunities to the investment committee.
* Coverage of existing portfolio exposures, including monthly/quarterly earnings announcements, other ad-hoc announcements, and ongoing industry research relevant to sector exposures.
* Maintenance of financial models.
* Valuation models for illiquid credits.
* Detailed engagement with management teams and sponsors as necessary.
* Continuous monitoring of market trading opportunities to ensure optimized portfolio composition.
* Maintenance of various internal databases of market information used for portfolio management and marketing of new funds.
* Contributes to the training of junior staff and coordinates workload amongst team members.
* Actively develops and maintains relationships with buy-side and sell-side market participants.
* Represents Guggenheim on the European Leveraged Finance Association's ESG Committee, a pan-European network of leverage loan investors promoting ESG transparency and industry best practices.
Preferred Qualifications
* CFA or ACA qualification is desirable.
* Excellent analytical ability, business acumen, and demonstrated desire to work within the investment management industry.
* Strong Excel skills, given the role's focus on financial modeling.
* Good verbal and effective written communications skills, including preparing and delivering reports and presentations.
* Strong self-motivation, desire to listen and learn, and ability to work autonomously.
* Prior coverage of companies in healthcare and/or cyclical sectors is desirable but not essential.
Basic Qualifications
* Minimum of five years' experience in an investment-related role (credit/equity analyst, corporate finance/development role).
* An excellent academic background including a minimum of 2:1 Honors degree in a Finance/Quantitative/Business Studies/Legal/Engineering discipline.
Compensation Details
Actual base salaries may vary depending on factors such as location and experience. The range listed reflects base salary only, and the total compensation package may include other components such as incentive compensation.