Senior Credit Analyst

Agi France Branch; Greater London; Hybrid; GBP 90,000 - 120,000; Full time

Benefits offered by this job

Hybrid work model

Company pension/savings plans

Share purchasing plan

Mental health and wellbeing programs

Learning & development

Volunteering time

Job summary

Allianz Global Investors in London (and Paris) seeks a Senior Credit Analyst to join its Global Credit Research team. You will focus on Healthcare, Retail and Gaming, covering Investment Grade and High Yield names and ~50 issuers, leveraging financial modeling and due diligence to identify compelling opportunities.

You will collaborate with portfolio managers across Europe, use macro and ESG insights, review covenants, participate in committees and contribute to client marketing.

Qualifications

• Minimum 10 years’ experience in credit analysis in buy-side or sell-side.
• Strong financial modeling and due diligence skills.
• English fluent; French a plus.
• Autonomy, curiosity, and teamwork are essential.
• Experience with ESG considerations and credit committees.

Responsibilities

• Cover Healthcare, Retail and Gaming sectors for IG and HY issuers.
• Model earnings, cash flow and capital needs under scenarios.
• Incorporate macro trends and ESG into opinions.
• Assess capital structures and recovery scenarios.
• Review covenants and bond indentures; assign internal ratings.
• Participate in credit committees and portfolio meetings.
• Provide sector views and relative value recommendations.

Skills

Credit analysis

Investment Grade

High Yield

Financial modeling

ESG analysis

Bloomberg

Python

VBA

English

Education

CFA is a plus

Bachelor's degree in finance or related field

Tools

Bloomberg

Excel

Python

VBA

Job description

Senior Credit Analyst

We are seeking to recruit a Senior Credit Analyst to join our Global Credit Research team.

The Global Credit Research team underpins the firm's global investment process and value proposition as an active manager. The team’s analysts support all pillars of expertise for portfolio managers to draw upon and share a globally integrated set of research expertise and insights. The team also includes resource focused on advancing our pioneering ESG and sustainability capabilities onto our Fixed Income platform.

The role will focus on the Healthcare, Retail and Gaming sectors, Investment Grade and High Yield. The successful candidate will join the Corporate Research EU team and will work closely with portfolio managers predominantly located in Allianz GI’s European locations as well as with the other credit analysts based in the US and in Asia.

The role is based in our London or Paris office.

What you do

Responsibility for the Healthcare, Retail and Gaming sectors, coverage of Investment Grade and High Yield names. Analytical responsibility for c. 50 issuers.

• Utilize an analytical approach emphasizing financial modeling and company due diligence to determine investment opportunities
• Forecast company earnings, cash flow generation and capital requirements under various scenarios
• Incorporate macroeconomic conditions, industry trends, and ESG analysis into opinions
• Evaluate company capital structures and perform recovery analysis to determine optimal risk-adjusted return opportunities
• Review security covenants and bond indentures to examine potential risks to security holders
• Assign internal ratings
• Participate in credit committees and portfolio management meetings
• Provide sector views and relative value recommendations within sectors
• Strategize with portfolio managers on positioning for portfolios across sectors and capital structures to maximize returns
• Contribute to marketing efforts for various strategies with clients.

What you bring

• Minimum 10 years’ experience in credit analysis in the buy-side or sell-side
• English fluent, French is a plus
• Diligent and attention to detail, with strong analytical skills
• Autonomy and curiosity, reactiveness
• Team player and ability to build positive relationships across the business
• Strong verbal and written communication skills
• Bloomberg knowledge, LLMs practice and software/programming skills (VBA, Python)
• Ability to use Microsoft Copilot, with a strong commitment to ethical and responsible AI practices
• CFA is a plus.

What we offer

• We empower our employees by ensuring flexible work arrangements that maintain a balance between performance, productivity, career development, and personal priorities (e.g., hybrid model/flexible working hours)
• Securing your future: Access to company pension/savings plans
• Company share purchasing plan
• Mental health and wellbeing programsCareer opportunities within the entire Allianz Group
• Self-guided learning & development
• Volunteering time
• … and so much more!

About Allianz Global Investors

Allianz Global Investors is a leading active asset manager, managing assets for individuals, families, and institutions worldwide. Our shared goal to shape a future of opportunity for our clients is foundational to our culture and our values. We look to attract, and actively nurture, individuals with the drive to achieve excellence at every stage of the investment experience.

We believe an inclusive culture is key to a flourishing workforce. Not only do we celebrate the broad range of experiences, backgrounds, and attributes that our workforce brings, but we support our people to live and work in a way that promotes their own wellbeing.

Allianz Group is one of the most trusted insurance and asset management companies in the world. Caring for our employees, their ambitions, dreams, and challenges is what makes us a unique employer.

We are united by a shared commitment: to put our clients first and at the centre of everything we do. Their needs inspire our thinking and guide our actions.

Together, we can build an environment where everyone feels empowered and confident to explore, grow and shape a better future – for our clients and for the world around us. At Allianz, we stand for unity: we believe that a united world is a more prosperous world, and we are dedicated to consistently advocating for equal opportunities for all. The foundation for this is our inclusive workplace, where people and performance both matter, and where integrity, fairness, inclusion, and trust are at the heart of our culture.

We therefore welcome applications regardless of ethnicity or cultural background, age, gender, nationality, religion, social class, disability or sexual orientation, or any other characteristics protected under applicable local laws and regulations.

Join us. Let’s care for tomorrow.

Good to know: The Fit Score is a support tool only. At Allianz, technology never replaces human judgment. Every application is carefully reviewed by our recruiting teams, ensuring a fair, thoughtful, and personal hiring process.

102960 | Asset & Investment Management | Professional | n.a. | Allianz Global Investors | Full-Time | Permanent