Investment Analyst - High Yield

Federated Hermes; Pittsburgh (Allegheny County); On-site; USD 85,000 - 120,000; Full time

Job summary

Federated Hermes, Inc. invites applications for the Investment Analyst role on the Fixed Income High Yield team in Pittsburgh.

You will conduct credit analysis, build proprietary earnings models, and publish research for internal use while maintaining daily contact with portfolio managers and traders. This position requires 3–5 years of investment analysis experience, strong financial modeling skills, and proficiency with Excel and Bloomberg.

Qualifications

• Bachelor’s degree with accounting courses required; MBA/CFA preferred.
• 3–5 years of investment analysis experience in High Yield or related fields.
• Strong financial modeling, valuation and financial statement analysis skills.

Responsibilities

• Perform high‑level fundamental issuer analysis, including financial modeling and industry trend assessment.
• Develop investment ideas and clearly present buy/sell/hold recommendations to portfolio managers.
• Maintain timely documentation of research and participate in research meetings.
• Collaborate with team on evaluating issuer sustainability objectives.

Skills

Financial modeling

Valuation

Financial statements analysis

Research

Written and oral communication

Team collaboration

Education

Bachelor’s degree in business related field

MBA

CFA

Tools

Excel

Bloomberg

Job description

Federated Hermes Career Opportunity #9764

Pittsburgh, PA

Federated Hermes, Inc., one of the nation’s largest investment managers with $911.6 Billion in managed assets, has an exciting opportunity available immediately for an Investment Analyst on the Fixed Income High Yield team in Pittsburgh. As part of the Fixed Income team, this position conducts credit analysis and monitoring on the high yield products, including high yield bonds, leveraged loans, and equities of high yield issuers. The role will involve meeting management teams, assessing company credit worthiness, building and monitoring proprietary earnings models, and publishing research for internal use. Our analysts are the heart of our investment process and should expect to have daily contact with the portfolio managers and traders to discuss new issue ideas, secondary market trades and relative value opinions.

This is a unique opportunity for an individual who has a passion for capital markets, leveraged finance and can cover the entire capital structure of high yield issuers. The selected individual will be an integral part of the high yield team’s process with significant responsibility covering companies in their assigned industries. This requires the ability to learn quickly, articulate investment opinions and be a team player.

Pittsburgh is one of the nation’s most livable cities with a strong, revitalized economy; lower cost of living than cities of similar size; entrepreneurial spirit; sense of community; superior academics and top research universities; and, vibrant arts, food, cultural and sports scenes.

MAJOR DUTIES:

• Enthusiastically initiate, perform and maintain high-level fundamental analysis on issuers to assess suitability of credits for inclusion in the portfolios. The investment analysis will include financial statement analysis, financial modeling, competitor analysis as well as assessment of industry, regulatory and macroeconomic trends
• Vigorously utilize fundamental analysis to formulate investment ideas and clearly articulate it to the portfolio managers, on a timely basis. This includes generating and diligently communicating value-added buy, sell and hold recommendations on individual credits and other relevant information to the portfolio managers
• Independently and diligently seek research and remain apprised of company and industry trends. Sources include, but are not limited to, industry publications, public documents, annual reports, trade journals, interviews with management teams, and reviewing financial statements and earnings transcripts
• Maintain accurate and timely documentation of all research performed
• Proactively participates in all research meetings

POSITION SPECIFICATIONS:

• Bachelor’s degree in business related field with accounting courses required; MBA and/or CFA highly preferred
• 3 to 5 years of investment analysis experience required. Exposure to High Yield credit, leveraged loans and/or equities
• Demonstrated understanding of financial modeling, valuation and financial statements analysis required
• Willingness to collaborate with colleagues on evaluating issuer’s sustainability objectives
• Excellent research knowledge, analysis and decision-making skills required
• Excellent written and oral communication skills
• Advanced computer skills including proficiency with Excel and Bloomberg required

Federated Hermes, Inc. offers a competitive salary and benefits package along with a professional environment.

Only those candidates in whom we have an interest will be contacted.

We are interested in qualified candidates who are eligible to work in the United States. However, we are not able to sponsor visas.

EOE – Including Disability / Vets

Federated Hermes is committed to providing equal employment opportunities in all aspects of employment to qualified individuals without regard to the following criteria: race, color, national origin, religion, sex, pregnancy, sexual orientation, gender identity or expression, mental or physical disability, age, familial or marital status, ancestry, military status, veteran status or genetic information as well as any other prohibited criteria under any local, state or federal law applicable to Federated Hermes. As part of the firm’s equal employment opportunity statement, Federated Hermes will also comply with applicable government contractor obligations, including ensuring veterans and qualified people with disabilities are considered for employment and promotional opportunities consistent with current federal, state and local laws and regulations. Federated Hermes will also make reasonable accommodations for the religious practices of beliefs of applicants and employees, as well as for mental health or physical disability needs.