Leveraged Finance Credit Research, Private Financing Solutions, Vice President

Business Overview 

PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.  

Role description: 

This is a VP position within our US Lev Fin team across industry. The candidate will work with the US Lev Fin team and work closely with the portfolio managers in assessing public, liquid credit opportunities. The ideal candidate should be capable of primary credit coverage of a defined list of issuers and will be responsible for rigorous credit-orientated fundamental research across the corporate capital structure. The individual will be monitoring investments for Public High Yield, Leveraged Loan and Long/Short Credit strategies. Generalists could apply.  

Key Responsibilities:  

• Conduct fundamental credit research across the corporate capital structure  

• Work with a senior analyst in covering various sectors, analyzing and explaining economic, competitive and political drivers that impact a borrower’s credit quality.  

• Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions

• Interact with management teams, industry sources, other analysts, sell-side analysts, and other investment professionals  

• Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers  

• Create historical and projected financial models, analyze key financial and operational metrics, develop deep valuation  

• Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients  

Skills, experience and education:  

• 7-11 years of experience in credit/financial statement analysis, with specific experience analyzing companies, fixed income securities and equity investments  

• Relevant experience in credit research (sector agnostic) 

• MBA or equivalent qualification in Finance with superior academic record; CFA will be an added advantage  

• Advanced financial analysis and modelling skills with specific experience in one of several of the following: analyzing companies, fixed income securities or equity investments  

• Strong Excel, financial modelling, and analytical skills  

• Familiarity and experience with bond and loan covenants – familiarity with leveraged loan credits and syndication processes in beneficial but not essential  

• Enquiring and analytically minded with a logical and thorough work ethic  

• Must possess the desire and ability to work in a team-orientated environment 

• Excellent written and verbal communication skills