Municipal Bond Credit Analyst

041 SEI Investments Management Corporation; Oaks (PA); On-site; USD 90,000 - 130,000; Full time

Benefits offered by this job

Healthcare benefits

401(k) match

Paid time off

Parental leave

Tuition reimbursement

Job summary

SEI Investments Management Corporation is seeking a Municipal Bond Credit Analyst to join the Fixed Income Team. The role focuses on investment-grade credits with selective high-yield coverage, developing independent credit opinions and relative value assessments to inform security selection and risk management.

Responsibilities include thorough credit analysis of issuers, establishing internal ratings, and communicating insights through written research and portfolio reviews.

Qualifications

• Minimum of 7 years’ experience in the Municipal Sector.
• Bachelor's degree or equivalent in work experience and financial certifications are preferred.
• A curious nature, independent thinker, competitive and someone that asks why.
• Passion for markets and being a team player.

Responsibilities

• Conduct thorough fundamental credit analysis of municipal issuers, obligors and securities across assigned sectors.
• Evaluate new-issue and secondary-market municipal bonds and develop buy/hold/sell or watchlist recommendations.
• Establish and maintain independent internal credit ratings, outlooks and investment theses.
• Analyze audited financial statements, budgets, operating performance, revenue trends, debt profiles, capital plans, liquidity, leverage and long-term liabilities.
• Assess economic, demographic, political, regulatory and policy developments affecting issuers and sectors.
• Perform downside analysis and scenario testing including sensitivity to revenue stress and refinancing pressures.

Skills

Municipal credit analysis

Fundamental research

Financial statement analysis

Internal credit ratings

Team collaboration

Communication

Attention to detail

Education

Bachelor's degree in finance or related field

Professional certifications preferred

Tools

Bloomberg Terminal

Microsoft Excel

Job description

SEI is looking to add a Municipal Bond Credit Analyst as a member of the Fixed Income Team responsible for conducting independent fundamental credit research across the municipal bond market. The role will focus primarily on investment-grade municipal credits, with selective coverage of high-yield and non-rated municipal opportunities where appropriate. The Analyst will develop independent credit opinions, internal ratings, investment recommendations, and relative value assessments that inform security selection, portfolio construction, and risk management. This role combines in-depth municipal-sector research with close collaboration across the asset management team, including portfolio managers and senior leaders. The successful candidate will translate issuer-level analysis into timely, actionable investment insights and communicate them clearly through written research, investment discussions, and portfolio reviews.

What you will do:

• Conduct thorough fundamental credit analysis of municipal issuers, obligors and securities across assigned sectors.
• Evaluate new-issue and secondary-market municipal bonds and develop clear buy, hold, sell, underweight or watchlist recommendations.
• Establish and maintain independent internal credit ratings, outlooks and investment theses.
• Analyze audited financial statements, budgets, operating performance, revenue trends, debt profiles, capital plans, liquidity, leverage, debt-service coverage, pension and other long-term liabilities.
• Assess economic, demographic, political, regulatory and policy developments affecting individual issuers and municipal sectors.
• Perform downside analysis and scenario testing where appropriate, including sensitivity to revenue stress, rising costs, refinancing pressure, changes in federal or state support and adverse sector developments.

What we need from you:

• A minimum of 7 years’ experience in the Municipal Sector and a demonstrated passion for asset management
• A Bachelor's degree or the equivalent in work experience and financial certifications are preferred
• A curious nature, independent thinker, competitive and someone that asks why.
• Passion for markets
• Team player

SEI’s competitive advantage:

To help you stay energized, engaged and inspired, we offer a wide range of benefits including comprehensive care for your physical and mental well-being, a strong retirement plan, tuition reimbursement, support for working parents and flexible Paid Time Off (PTO) so you can relax, recharge and be there for the people you care about. Benefits include healthcare (medical, dental, vision, prescription, wellness, EAP, FSA), life and disability insurance (premiums paid for base coverage), 401(k) match, education assistance, commuter benefits, up to 11 paid holidays/year, 21 days PTO/year pro-rated for new hires which increases over time, paid parental leave, back-up childcare arrangements, paid volunteer days, a discounted stock purchase plan, investment options, access to thriving employee networks and more. We are a technology and asset management company delivering on our promise of building brave futures (SM)—for our clients, our communities, and ourselves. Come build your brave future at SEI.

The position title reflected in this job description is aligned with SEI's current internal job architecture. As part of SEI's role and career framework, internal job titles may not directly correspond to external market titles and may differ from titles previously assigned during an employee's tenure or at the time of hire. SEI is an Equal Opportunity Employer and so much more… After over 50 years in business, SEI remains a leading global provider of investment processing, investment management, and investment operations solutions. Reflecting our experience within financial services and financial technology our offices encompass an open floor plan and numerous art installations designed to encourage innovation and creativity in our workforce. We recognize that our people are our most valuable asset and that a healthy, happy, and motivated workforce is key to our continued growth. At SEI, we’re (literally) invested in your success. We offer our employees paid parental leave, back-up childcare arrangements, paid volunteer days, education assistance and access to thriving employee networks. SEI is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability status, protected veteran status, or any other characteristic protected by law.

AI Acceptable Use in the application and interview process: SEI acknowledges the growing integration of artificial intelligence (AI) tools into individuals’ personal and professional lives. If you intend to incorporate the use of any AI tools at any stage of the application and/or interview process, please ensure you have reviewed and adhere to our AI use guidelines.

We are global provider of technology, operations, and asset management services for the financial services industry. We tailor our solutions to help clients make effective use of their capital—whether that’s money, time, or talent—so they can grow and better serve their clients. At SEI, we’re committed to fostering an inclusive workplace where everyone has the same opportunities to grow, develop, and succeed.