CREDIT ANALYST, ASIAN HIGH YIELD

CFA Institute; Hong Kong; On-site; HKD 900,000 - 1,350,000; Full time

Job summary

Well Established Insurance Company in Asia Pacific seeks a Credit Analyst specializing in Asian High Yield to drive bottom-up fundamental credit research, relative value analysis, and risk monitoring across Asian issuers.

You will originate high-conviction credit recommendations to support fixed income portfolios with emphasis on long-term risk-adjusted returns and capital preservation, including stress-testing and scenario analysis.

Qualifications

• 4 to 7 years of dedicated credit research experience, ideally within asset management, insurance investment, or buy-side institutions.
• CFA charterholder preferred.
• Proficient in Bloomberg, Capital IQ, and advanced Excel.
• Excellent English and Mandarin communication skills.

Responsibilities

• Conduct deep-dive fundamental credit research on new issue offerings and secondary opportunities across Asian High Yield corporates and sovereigns.
• Build and stress-test multi-period financial models and cash flow projections under adverse macro scenarios.
• Evaluate covenants, debt seniority, and legal docs to safeguard portfolio holdings.

Skills

Cash flow analysis

Bloomberg

Capital IQ

Excel

Mandarin (language)

English (language)

Education

Bachelor's degree in Finance, Economics, Accounting or related field

CFA charterholder (preferred)

Tools

Bloomberg

Capital IQ

Excel

Job description

• Well established Insurance Company
• Excellent Exposure

Our client is a well-established insurance company with an unparalleled reputation across the Asia Pacific region. With the continued growth of the organization, the need has arisen to recruit high calibers to join them.

Credit Analyst specializing in Asian High Yield to drive bottom-up fundamental credit research, relative value analysis, and risk monitoring across Asian corporate and sovereign issuers. Responsible for originating high-conviction credit recommendations that support multi-asset and fixed income portfolios, with a disciplined focus on long-term risk-adjusted returns, downside protection, capital preservation, and portfolio rating stability.

Responsibilities

Fundamental Credit Analysis & Portfolio Recommendations

1. Conduct deep-dive fundamental credit research on new issue primary offerings and secondary market opportunities across Asian High Yield corporates and sovereigns.
2. Build, maintain, and stress-test multi-period financial models, liquidity profiles, and cash flow projections under adverse macroeconomic and sector-specific scenarios.
3. Evaluate bond covenants, corporate structures, debt seniority, and legal documentation to safeguard portfolio holdings against structural subordination or event risks.

Portfolio Monitoring & Risk Management

1. Provide continuous coverage of assigned sectors and issuers, proactively identifying credit deterioration, rating downgrade risks, or liquidity stresses well ahead of market consensus.
2. Assess the impact of credit migration (e.g., Fallen Angels, Rising Stars) on portfolio capital charges, asset-liability matching (ALM), and liquidity requirements.
3. Monitor and evaluate High Yield / Global credit mandates managed by external asset managers outside Asia, tracking their credit selection, performance attribution, risk exposure, and adherence to investment guidelines.

Special Situations & Workout Oversight

1. Monitor distressed or restructuring credits within the portfolio, formulating recovery strategies and participating in creditor committees or liability management exercises when necessary.
2. Provide clear liquidation/waterfall analysis to estimate recovery values and minimize capital loss on impaired positions.

Experience

1. With around 4 to 7 years of dedicated credit research experience, ideally within an asset management firm, insurance investment division, or premier buy-side institution.
2. Bachelor's degree or higher in Finance, Economics, Accounting, or a related quantitative field. CFA charterholder preferred.
3. Experience with financial modelling skills with strong proficiency in cash flow stress-testing and balance sheet analysis.
4. Familiar with institutional portfolio constraints, insurance regulatory capital frameworks and rating agency methodologies (S&P, Moody's, Fitch).
5. High proficiency in Bloomberg, Capital IQ, and advanced Excel.
6. Excellent oral and written communication skills in English and Mandarin.