Associate, Credit Analysis

Cimgroup; Chicago (IL); On-site; USD 120,000 - 140,000; Full time

Benefits offered by this job

Medical, dental, vision plans

Health Savings Account

401(k) with company match

Paid time off

Volunteer time off

Parental leave

Job summary

OFS, an affiliate of CIM Group, seeks an investment analyst to research and analyze the Broadly Syndicated Loan Market, monitor investments in Business Services, and build financial models and memoranda. The role requires 2–5 years in credit markets, solid GAAP/valuation skills, and proficiency with Excel, Bloomberg and Capital IQ.

The base salary range for this Chicago, IL position is $120,000 - $140,000, with bonus eligibility and a comprehensive benefits program.

Qualifications

• Bachelor’s degree in business, finance or related field of study.
• 2 to 5 years of experience in credit markets, including formal credit training, financial analysis and modeling.
• CPA, CFA and/or MBA a plus.
• Demonstrated understanding of GAAP principles/financial analysis/valuation/modeling.
• Ability to forecast/project based on drivers of applicable business.
• Demonstrated ability to interpret/analyze Quality of Earnings reports; understand/opine on Adjustments to EBITDA.
• Ability to perform Discounted Cash Flow Analysis/NPV analysis.
• Ability to assess Relative Value, based on yield calculations, internal/external ratings considerations, and credit metrics.

Responsibilities

• Monitor investments in the Business Services sector within the leveraged loan market.
• Present written analysis on individual credits including strengths/weaknesses and credit terms.
• Build/maintain financial models and prepare investment memoranda and reports.
• Assist in sector presentations to Investment Committee.
• Keep knowledge current on industry trends and market activity.

Skills

Financial modeling

Credit analysis

GAAP basics

Excel

PowerPoint

Bloomberg

Capital IQ

AI tools

Written comms

Presentation skills

Education

Bachelor's degree in business/finance

CPA/CFA/MBA a plus

Tools

Bloomberg

Capital IQ

Moody’s/S&P

Job description

ABOUT OFS:

Established in 1994, OFS is a registered investment adviser providing capital and leveraged finance solutions to U.S. corporations on behalf of its advisory clients. For more than 25-years, OFS has developed a disciplined approach to provide reliable, innovative, and flexible credit solutions to U.S.-based businesses that are underserved by traditional lenders. OFS provides flexible debt financing to support recapitalizations, leveraged buyouts, and growth capital. OFS is an affiliate of CIM Group. Join us and make an impact today!

POSITION PURPOSE:

Position will research and analyze the assigned industries, to identify potential investment opportunities and monitor existing investments in the Broadly Syndicated Loan Market.

• Monitor respective investments in the Business Services sector within the leveraged loan market.
• Present written analysis on individual credits including but not limited to; identification of strengths/weaknesses, mitigants to weaknesses, business outlook, industry dynamics, company management, deal sponsor, capital structure, key credit agreement terms, collateral profile, cash flow projections/sensitivity analysis, comparable analysis, and relative value.
• Research investments incorporating fundamental analysis of companies within the leveraged loan space. Specifically, the analyst will be responsible for building/maintaining financial models, preparing written investment memoranda and quarterly/annual portfolio management reports.
• Assist in preparation of sector presentations on a periodic basis, providing current state of industry, company comparisons, valuations, new ideas, trends, etc. to the Investment Committee.
• Maintain high level of knowledge on current/evolving industry trends and monitor primary and secondary credit market activity in the leveraged loan/high yield space via networking/conversation with research analysts, third parties, and colleagues within the leveraged loan space.

• Bachelor’s degree in business, finance or related field of study.
• 2 to 5 years of experience in credit markets, including formal credit training, financial analysis and modeling, broadly syndicated loan market experience preferred but not necessary.
• Prior investment banking experience a plus.
• CPA, CFA and/or MBA a plus.
• Demonstrated understanding of GAAP principles/financial analysis/valuation/modeling.
• Ability to forecast/project based on drivers of applicable business.
• Demonstrated ability to interpret/analyze Quality of Earnings reports; understand/opine on Adjustments to EBITDA.
• Ability to perform Discounted Cash Flow Analysis/NPV analysis.
• Ability to assess Relative Value, based on yield calculations, internal/external ratings considerations, and credit metrics.

• Ability to interact with outside institutions in professional manner, seeking guidance from research analysts/market color from capital markets professionals.
• Ability to write correspondence and/or reports.
• Ability to effectively present information to customers, clients and other employees of the organization.
• Ability to read, analyze and interpret financial reports and/or legal documents.
• Demonstrated competence with respect to overall macro factors and subsector trends/allocations.
• Demonstrated competence with Microsoft Excel, Word, PowerPoint.
• Demonstrated competence/curiosity with Artificial Intelligence (CoPilot, Claude, GPT, etc).
• Demonstrated competence in use of Bloomberg, Capital IQ.
• Demonstrated competence with Moody’s/S&P online platforms for ratings/industry analysis.
• Ability to learn/adapt to technological platforms OFS employs on proprietary basis.

WHAT CIM OFFERS:

At CIM, we believe our success stems from our collective efforts, and we are committed to providing well-rounded support and resources for our employees. In addition to a competitive compensation plan, CIM offers a comprehensive benefits program for employees to thrive both inside and outside of work. Eligible employees can enjoy a wide range of benefits, including:

• A variety of Medical, dental, and vision benefit plans
• Health Savings Account with a generous employer contribution
• Company paid life and disability insurance
• 401(k) savings plan, with company match
• Comprehensive paid time off, including: vacation days, 10 designated holidays, sick time, and bereavement leave
• Up to 16 hours of volunteer time off
• Up to 16 weeks of Paid Parental Leave
• Ongoing professional development programs
• Wellness program, including monthly and quarterly prizes
• And more!

Actual base salary considers several factors including but not limited to geography, job-related knowledge, experience, and budget. The start of the salary range is typically associated with the minimum experience required. At CIM, base pay is one part of the total compensation package. This role is eligible for bonus pay in addition to base salary. The anticipated base salary range for the position in Chicago, IL is $120,000 - $140,000.

HOW WE FEEL ABOUT DIVERSITY AND INCLUSION:

OFS is committed to creating a successful diversity, equity and inclusion ("DEI") program in which ALL employees recognize and understand individual differences and how we can adjust our preconceived biases and perceptions of others and, thereby, promote an inclusive environment at OFS based on its core tenets of Honesty, Integrity, Kindness and Respect. As an equal opportunity employer, we prohibit any unlawful discrimination against a job applicant on the basis of their race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. We respect the laws enforced by the U.S. Equal Employment Opportunity Commission (EEOC) and are dedicated to going above and beyond in fostering diversity across our workplace.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on CIM Group.

Please inform our Talent team if you need any assistance completing any forms or to otherwise participate in the application process.

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OFS does not accept unsolicited resumes from Agencies. Any unsolicited resumes received from Agencies will be considered property of OFS and no fees will be due or paid. If you wish to become an approved Agency with OFS or any of its Affiliates, please contact a member of the OFS Talent Acquisition Team.