Credit Analyst

Great Elm Capital Management, LLC; Town of Florida (NY); On-site; USD 90,000 - 150,000; Full time

Job summary

Great Elm Capital Management, based in New York, is seeking an experienced Credit Analyst to support its senior investment team and report to the Head of Research. The role involves analyzing industries and issuers, and recommending investments across high yield, leveraged loans, and related credit instruments.

You will build models, monitor portfolio exposures, and present ideas to the Investment Committee. Strong writing and communication, plus CFA or MBA pursuit, are valued.

Qualifications

• Minimum 3 years in credit research and/or investment banking.
• Strong financial modeling and valuation skills.
• Experience with high yield, leveraged loans, and distressed debt.
• Excellent written and verbal communication.
• Ability to present to Investment Committee.

Responsibilities

• Provide fundamental credit analysis of current portfolio and new investments.
• Generate and communicate investment ideas to the Investment Committee.
• Develop detailed financial models with investment thesis projections.
• Monitor investments and update models and memos.
• Maintain relationships with sell side and buy side contacts to source ideas.
• Respond to credit concerns and market overviews.
• Back up trading desk within approved parameters.

Skills

Credit research

Financial modeling

Investment pitching

Credit documentation

Interpersonal skills

Team collaboration

Education

Bachelor's degree

CFA designation preferred

MBA or Master’s in accounting/finance/economics

Job description

Great Elm Capital Management is seeking an experienced Credit Analyst to support its senior investment team and report to the Head of Research. The individual is expected to provide analysis of various industries and the companies within them and make investment recommendations. Expertise in credit research for high yield bond, leveraged loans, preferred stock, and reorg equities across the risk spectrum from deep distressed to performing is required. Strong analytical and interpersonal skills are of critical importance. Responsibilities will include supporting the research and portfolio management team in the evaluation and presentation of new investment ideas, monitoring financial trends and existing portfolio investments, conducting industry-specific research, and supporting the execution of transactions approved by the investment committee.

• Provide fundamental credit analysis to assess the risks of current portfolio positions and potential new investments both with respect to business trends and deep credit document analysis.
• Proactively generate and communicate investment ideas by initiating discussions with the Investment Committee.
• Develop detailed financial models with projections supporting investment theses.
• Conduct ongoing monitoring of investments to include updates to financial models / internal tracking memos, highlighting changes in fundamental factors and relative value considerations.
• Foster and maintain relationships with “sell side” traders, sales coverage, analysts, lawyers, consultants and “buy side” parties to facilitate the flow of credit ideas, market information, and co-investment opportunities.
• Respond to internal inquiries regarding credit concerns and market overviews.
• Act as a backup to the trading desk including trading within approved parameters as needed.

Skills and Qualifications:

• Ability to effectively communicate/pitch ideas with internal constituents, including to the Investment Committee.
• Must have a minimum of 3 years of work experience in the areas of credit research and/or investment banking with material knowledge of financial modelling, valuation methodologies and credit documents.
• Sector generalist with strong financial modeling and superior writing skills.
• Deep experience in credit document analysis and a strong understanding on how these documents impact both performing and distressed investment opportunities.
• Capacity to thrive in a fast paced, dynamic environment with a proven commitment to generating consistent, high-quality work.
• High level of integrity, energy and flexibility with a positive team oriented "can-do" attitude.
• Experience with fixed income and issues that often arise in high yield and distressed debt.
• Experience with transacting in Credit Markets and ability to execute trades.
• Strong interpersonal relationship skills are critical. Must have solid communication skills and a personal style conducive to building relationships.

Education & Experience:

• Bachelor’s Degree is required.
• CFA designation is preferred.
• Experience investing in the technology, media and healthcare sectors is a plus, but not a requirement
• MBA or Master’s Degree in accounting, finance or economics degree is a plus.