Director, Credit Research

Obra Capital; Montpelier (VT); On-site; USD 110,000 - 140,000; Full time

Job summary

A leading asset management firm in Vermont is seeking a Director of Credit Research. In this role, you will research high-yield corporate debt focusing on financial services and technology, oversee investment research, and provide credit ratings and recommendations. The ideal candidate has a degree in finance or economics, relevant experience in credit analysis, and strong financial modeling skills. Join a dynamic team and influence investment decisions via detailed analysis and reporting.

Qualifications

• 5+ years of relevant work experience in credit analysis, preferably at a top-tier investment bank or private equity firm.
• Experience in financial and technology sectors preferred.
• Familiarity with industry databases and financial data sources.

Responsibilities

• Oversee fundamental investment research and diligence of performing credits.
• Analyze credits using cash flow models.
• Collaborate with team members across offices.

Skills

Financial modeling

Credit risk assessment

Attention to detail

Analytical skills

Communication skills

Education

Bachelor's or master's degree in finance, economics, or a related field

Job description

Base pay range

$110,000.00/yr - $140,000.00/yr

Company Overview

Obra Institutional Credit (OIC), a subsidiary of Obra Capital Inc., is a leading independent asset management and investment research firm specializing in high‑yield bonds and leveraged loans with a strong focus on rigorous, bottom‑up credit analysis. OIC’s clients include industry‑leading wealth managers, large public pension funds, and other leveraged finance investors.

Position Overview

OIC is seeking a Director, Credit Research to join our team located in Montpelier. This position will be responsible for researching high‑yield corporate debt with a particular focus on financial services and technology clients. Daily duties include researching and analyzing high‑yield credit investments, providing credit ratings and recommendations, and monitoring and reporting on credit markets for our institutional and private clients.

Responsibilities

• Oversee all aspects of fundamental investment research and diligence of performing credits, with a primary focus on financial services and technology companies, including industry and company analysis, financial modelling, and contract analysis.
• Analyze various credits by utilizing cash flow models to value debt investments.
• Collaborate and communicate information with members of the team across multiple offices (PMs, research, trading).
• Maintain strong ties with sell‑side, buy‑side, advisors, lawyers and other industry professionals.
• Evaluate the creditworthiness of corporate issuers by assessing financial statements, income statements, balance sheets, cash flow statements, and key financial ratios to identify risks and opportunities related to credit quality.
• Perform thorough company due diligence, including analysis of business models, competitive positioning, and growth prospects, and understand company strategies and management teams to assess their impact on credit risk.
• Monitor market conditions and industry dynamics to identify emerging trends, potential risks, and investment opportunities, providing insights that may impact high‑yield credit performance.
• Develop comprehensive credit risk assessments and assign appropriate credit ratings to issuers, presenting findings and recommendations to portfolio managers and investment committees.
• Create and maintain financial models to forecast cash flows, assess debt repayment capacity, and project credit performance under various scenarios.
• Participate in due diligence meetings and discussions with company management, industry experts, and other stakeholders to gather relevant information.
• Prepare detailed and concise reports on credit analysis, including risk assessments, investment rationales, and credit outlooks.

Qualifications

• A bachelor's or master's degree in finance, economics, or a related field.
• 5+ years of relevant work experience in credit analysis, preferably at a top‑tier investment bank, private equity firm, or a comparable role investing in broadly syndicated leveraged loans and high‑yield bonds.
• Experience within the financial and technology sectors preferred.
• Proficiency in financial modeling, financial statement analysis, credit risk assessment, and valuation expertise.
• Ability to dive deep and create detailed research with an appreciation for broader sector trends.
• Excellent analytical skills and attention to detail.
• Strong written and verbal communication skills, including the ability to present complex ideas clearly and concisely.
• Familiarity with industry databases, financial data sources, and market research tools.
• Ability to work collaboratively in a fast‑paced, team‑oriented environment.
• Professional certifications such as CFA, CPA, or similar qualifications will be a plus.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Finance and Sales