Hybrid: Fixed-Income Corporate Credit Analyst

PMAM Penn Mutual Asset Management, LLC; United States; Hybrid; USD 95,000 - 115,000; Full time

Job summary

Penn Mutual Asset Management (PMAM) is seeking a Corporate Credit Investment Analyst to join the investment team in Conshohocken, PA. The analyst will perform fundamental credit research, analyze financial statements, and build models to support portfolio construction, risk management and investment decisions.

This hybrid role offers exposure to senior investment professionals and opportunities to develop sector expertise over time, with responsibilities across trading-related tasks and

Qualifications

• Bachelor’s degree in finance, economics, accounting, business or related field.
• 1-5 years of investment, credit research, investment banking, leveraged finance, rating agency, commercial banking or related financial analysis experience required.
• Experience with investment-grade and/or high-yield corporate credit preferred.

Responsibilities

• Perform fundamental credit research on assigned corporate sectors, including investment-grade and high-yield issuers.
• Develop forward-looking credit opinions on issuers, securities, industries and sectors.
• Analyze financial statements, business models, competitive positioning, capital structures, liquidity, leverage, cash flow generation and debt service capacity.
• Build and maintain financial models to support credit analysis, valuation, scenario analysis and investment recommendations.
• Identify primary and secondary market investment opportunities and present recommendations to portfolio managers and the broader investment team.
• Assess relative value across issuers, sectors, ratings categories, maturities and capital structures.
• Monitor existing portfolio holdings and communicate material credit developments, including earnings, rating agency actions, M&A, regulatory developments and market events.
• Conduct industry research to evaluate secular trends, competitive dynamics, macroeconomic risks and sector-specific credit drivers.
• Prepare written research, investment recommendations and presentation materials for internal investment discussions.
• Interact with issuer management teams, sell-side analysts, rating agencies and other market participants, as appropriate.
• Collaborate with portfolio managers, traders and other analysts to support portfolio construction, risk management and investment decision-making.
• Over time, develop sector expertise and contribute to trading and portfolio positioning.

Skills

Fundamental credit research

Financial statement analysis

Financial modeling

Credit risk assessment

Bloomberg

Communication skills

Sector knowledge

CFA progress

Education

Bachelor's degree in finance, economics, accounting, business or related field

Tools

Bloomberg Terminal

Excel

Job description

Penn Mutual Asset Management (PMAM) is seeking a Corporate Credit Investment Analyst to join the investment team in Conshohocken, PA. The analyst will perform fundamental credit research, analyze financial statements, and build models to support portfolio construction, risk management and investment decisions.

This hybrid role offers exposure to senior investment professionals and opportunities to develop sector expertise over time, with responsibilities across trading-related tasks and