Credit Analyst, IG & HY

Mason Blake; Greater London; On-site; GBP 70,000 - 100,000; Full time

Benefits offered by this job

Equal opportunities employer

Job summary

Mason Blake is seeking a Credit Analyst to join its Fixed Income investment team in London. You will develop views on corporate issuers and translate research into actionable investment ideas, covering developed markets with exposure to GBP/EUR/USD credit.

With 4-8 years in credit research, you will analyse issuers, build financial models, assess leverage and cash generation, and communicate investment views to Portfolio Managers. ESG factors and market dynamics may influence credit decisions.

Qualifications

• 4-8 years of experience in credit research
• Strong knowledge of corporate bond markets (Investment Grade; HY advantageous)
• Experience analysing issuers across developed markets with GBP/EUR/USD exposure
• Strong financial modelling skills and ability to test key drivers
• Understanding of bond structures, covenants and credit documentation

Responsibilities

• Undertaking detailed analysis of companies, sectors and capital structures to identify changes in credit quality
• Assessing business models, financial performance, cash generation, leverage and liquidity
• Building and maintaining financial models to test earnings and downside scenarios
• Developing differentiated issuer views and translating them into investment theses
• Communicating research findings and trade ideas to Portfolio Managers

Skills

Credit research

Financial modelling

Communication skills

Market analysis

Tools

Excel

Job description

An established investment management firm is looking to appoint a Credit Analyst to join its experienced Fixed Income investment team.

The role sits at the heart of the investment process, with responsibility for developing views on corporate issuers and translating fundamental research into actionable investment ideas. You will work closely with Portfolio Managers and other members of the investment team, covering a broad universe of corporate bonds across developed markets, with particular exposure to European, UK and North American credit.

• Undertaking detailed analysis of companies, sectors and capital structures to identify changes in credit quality and potential investment opportunities
• Assessing business models, competitive positioning, financial performance, cash generation, leverage, liquidity and balance-sheet strength
• Building and maintaining financial models to test earnings, cash flow, leverage and downside assumptions
• Developing differentiated views on individual issuers and translating these into clear, well-supported investment theses
• Evaluating bonds and other credit instruments across the capital structure, with a focus on relative value and risk-adjusted return
• Working closely with Portfolio Managers to communicate research findings, investment views and trade ideas
• Maintaining close coverage of portfolio holdings and prospective investments, responding to earnings, corporate actions, rating changes and other material developments
• Engaging directly with company management, investor relations teams, sell‑side analysts, rating agencies and other market participants
• Assessing industry structure, competitive dynamics and broader economic factors that could affect an issuer's credit profile
• Considering sustainability and ESG‑related factors where they are relevant to creditworthiness and investment outcomes
• Contributing to wider Fixed Income discussions, including macroeconomic, rates and sovereign considerations where relevant to corporate credit

• 4-8 years of experience in credit research at an investment management firm or other institutional investment environment
• Strong knowledge of corporate bond markets, particularly Investment Grade credit; High Yield experience would be beneficial
• Experience analysing issuers across one or more developed markets, with exposure to GBP, EUR and/or USD credit
• Strong financial modelling skills, with the ability to interrogate financial statements and identify the key drivers of credit risk
• An understanding of bond structures, capital structures, covenants and credit documentation
• Intellectual curiosity and a willingness to challenge consensus thinking
• The confidence to develop and defend investment views using rigorous, evidence-based analysis
• Strong written and verbal communication skills, with the ability to distil complex research into concise conclusions for Portfolio Managers and investment team

Mason Blake is an equal opportunities employer and welcomes applications regardless of sex, marital status, ethnic origin, sexual orientation, religious belief or age.