Position Summary
The Credit Analyst is a member of the corporate credit research team within the Fixed Income Group in the Los Angeles office. This role reports to the Head of Credit Research and works closely with other investment professionals in a team-oriented, trading floor environment. The Credit Analyst generates investment recommendations for our investment grade, high yield and bank loan portfolios within their coverage sectors. Specific sector coverage will be determined during the interview process but experience in telecommunications, satellite, cable and media may be advantageous. In addition to proven credit analysis expertise, the candidate must possess highly professional communication skills to effectively present memorandum to credit committee.
Essential Duties
- Present detailed investment memorandum including industry analysis, financial projections, credit analysis, covenant reviews, valuation analysis, relative value analysis, recovery analysis and investment recommendation
- Create and maintain financial models and databases, which are used to monitor and analyze both existing and prospective investments
- Compile industry and company data from a broad array of sources, such as regulatory filings, sell-side research, external databases, trade journals, and industry sources
- Maintain industry scorecards and relative value frameworks
- Conduct meetings and sustain relationships with management teams, sell-side analysts, rating agency analysts and industry experts
- Monitor and synthesize news flow, company announcements, and industry reports related to portfolio investments
- Evaluate new issue investment opportunities
Required Qualifications
Minimum 6 years of buy-side or sell-side research and / or investment banking experienceBachelor's Degree from a competitive university or college with strong academic performance and relevant courseworkExcellent finance, accounting and math skillsSolid proficiency with Bloomberg, Excel, Word and PowerPointProfessional Skills Qualifications
Diligent, hard-working, responsible, willing to work both in a team setting and independently, and have proven these characteristicsStrong verbal and written communication skillsStrong work ethic and uncompromising attention to detailProven ability to work in a fast-paced environment and remain organized and productive under challenging time constraintsInitiative to complete tasks and enhance output under limited supervisionEntrepreneurial attitude, intellectual curiosity, creativity to identify investment opportunitiesDesired Qualifications
Graduate degree and / or CFA designation preferred; or, equivalent work experienceEstimated Compensation :
Base Salary : For CA based position, the base salary range is $200k-$250k. This represents base salary range only.
Other Compensation : In addition to the base salary, this position will be eligible to be considered for an annual discretionary bonus.
Benefits : Eligible for TCW's comprehensive benefits package. See more information here.