Pico Capital – Senior Fixed Income Analyst Pico Capital

The Corporate Institute; Mumbai; On-site; INR 4,000,000 - 7,000,000; Full time

Job summary

Pico Capital Pvt. Ltd., a Mumbai-based NBFC family office, is seeking a Senior Fixed Income Analyst to join the Investment Team. The role covers fixed income research, debt market analysis, and evaluation of opportunities across asset classes including fixed income, REITs, INVITs, and structured products.

Strong knowledge of bonds, NCDs, MLDs, G-Secs is essential. The candidate will develop financial models, monitor portfolios, and contribute to investment decisions through independent research

Qualifications

• CFA/CA/MBA (Finance) with 10+ years in fixed income.
• Experience in debt dealing and strong market relationships.
• Strong analytical abilities and portfolio risk awareness.
• Proficient in Excel and AI-enabled research tools.

Responsibilities

• Analyze fixed income opportunities with quantitative and qualitative methods.
• Develop financial and valuation models and investment trackers.
• Negotiate pricing, yields, and terms with market participants.
• Review term sheets, IMs, and legal docs prior to execution.
• Ensure compliance with policies and risk parameters.
• Coordinate with brokers, bankers, and custodians for debt deals.
• Track RBI policies, rates, and macro indicators.
• Prepare portfolio reviews and MIS reports.
• Utilize AI-enabled tools for MIS automation and market tracking.
• Participate in primary and secondary markets and duration management.

Skills

Analytical thinking

Financial modelling

Portfolio analytics

Negotiation skills

Excel proficiency

AI research tools

Education

CFA / CA / MBA (Finance)

Tools

Excel

Job description

Pico Capital Pvt. Ltd. is a Mumbai based finance company, operating as a registered NBFC. We are a Family Office with investments in a range of asset classes: stocks, bonds, real estate, structured products, and alternatives. We manage only proprietary, unleveraged capital, and thus as a company policy, we do not publicly disclose our AUM. We challenge ourselves to produce above-average returns and grow our corpus every year. Additional information can be found on our website www.picocap.in.

Position Summary

We are seeking a high-calibre, investment-oriented Senior Fixed Income Analyst to join our Investment Team. The role involves fixed income research, debt market analysis, transaction execution, and evaluation of investment opportunities across asset classes including fixed income, REITs and INVITs, structured products, commodities, and real estate. The candidate will contribute directly to investment decision-making through independent research, market insights, transaction execution, and portfolio monitoring. Strong understanding of fixed income instruments such as Bonds, Corporate NCDs, MLDs, REITs and INVITs, Perpetuals, Subordinated Debt, Preference Shares, G-Secs, and structured credit products is essential.

Key Responsibilities

• Analyze fixed income investment opportunities through quantitative and qualitative assessment, supporting risk-reward based investment decisions.
• Develop and maintain financial models, valuation models, and investment trackers.
• Negotiate pricing, yields, structures, and transaction terms with market participants.
• Review term sheets and thoroughly assess IMs, transaction structures, and legal documentation prior to execution.
• Ensure compliance with internal policies, regulatory guidelines, and risk parameters.
• Liaise with brokers, bankers, arrangers, and counterparties for debt transaction sourcing and execution, while coordinating settlement and post-trade processes with legal, compliance, finance, treasury, operations, and custodians.
• Track RBI policies, interest rate movements, inflation trends, bond yields, and macroeconomic indicators.
• Monitor portfolio risks including duration, concentration, rating migration, liquidity, and covenant compliance.
• Prepare portfolio reviews, yield analysis, MIS reports, dashboards, and management presentations.
• Utilize AI-enabled tools and analytical platforms for MIS automation, market tracking, research, and data analysis.
• Actively participate in primary and secondary market transactions, portfolio churn, and duration management.

Candidate Profile

• CFA / CA / MBA (Finance).
• Minimum 10 years of experience in investment research and fixed income markets, including debt dealing and strong market relationships.
• Strong passion for investments and alpha generation.
• Commercially astute and markets-driven professional with strong investment orientation.
• Good understanding of fixed income products, macroeconomics, and multiple asset classes.
• Strong analytical ability with interest in evaluating companies, industries, and market trends.
• Proficient in Excel, financial modelling, valuation techniques, and AI-enabled research tools.
• Sound understanding of accounting, credit, and investment concepts.
• Strong written and verbal communication skills with the ability to present and defend investment views.
• Good negotiation and relationship management skills.
• We value intellectual curiosity, independent thinking, commercial judgement, and a strong owner’s mindset.
• Ability to operate effectively within lean, high-performance teams.

Requirements

• Mumbai based candidates will be preferred.
• Candidate must mention their last drawn CTC.
• Work from office is a must, need to commute to the office daily.
• The notice period should not be more than 45 days.

[phone].