Municipal Bond Credit Analyst

SEI; Upper Providence Township (PA); On-site; USD 120,000 - 180,000; Full time

Benefits offered by this job

Healthcare (medical, dental, vision,).

401(k) match

Education assistance

Commute benefits

Up to 11 paid holidays/year

21 days PTO/year pro-rated for new-hir

Job summary

SEI in Pennsylvania seeks a Municipal Bond Credit Analyst to join the Fixed Income Team. You will conduct independent fundamental credit research on municipal issuers and securities, focusing on investment-grade credits with selective coverage of high-yield opportunities, informing security selection and risk management.

You will translate issuer analysis into timely research, participate in portfolio reviews, and collaborate with portfolio managers and senior leaders.

Qualifications

• A minimum of 7 years’ experience in the Municipal Sector and a demonstrated passion for asset management.
• Bachelor’s degree or the equivalent in work experience and financial certifications are preferred.
• Curious, independent thinker who asks questions and stays market-focused.
• Team player with a passion for markets.

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, 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, pensions and other long-term liabilities.
• Assess economic, demographic, political, regulatory and policy developments affecting issuers and municipal sectors.
• Perform downside analysis and scenario testing, including revenue stress, rising costs, refinancing pressure and changes in federal or state support.

Skills

Municipal credit analysis

Investment research

Independent thinking

Team collaboration

Education

Bachelor's degree or equivalent

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 oninvestment-grade municipal credits, with selective coverage ofhigh-yield and non-rated municipal opportunitieswhereappropriate. The Analyst will develop independent credit opinions, internal ratings, investmentrecommendations,and relative value assessments that inform securityselection, portfolioconstruction,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,obligorsand securities across assigned sectors.
• Evaluate new-issue and secondary-market municipal bonds and develop clearbuy, hold, sell, underweight or watchlist recommendations.
• Establish andmaintainindependent internal credit ratings,outlooksand investment theses.
• Analyze audited financial statements, budgets, operating performance, revenue trends, debt profiles, capital plans, liquidity, leverage, debt-service coverage,pensionand other long-term liabilities.
• Assess economic, demographic, political, regulatory and policy developments affecting individual issuers and municipal sectors.
• Perform downside analysis and scenario testing whereappropriate, including sensitivity to revenue stress, rising costs, refinancing pressure, changes in federal or statesupportand 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.

• comprehensive care for your physical and mental well-being
• a strong retirement plan
• tuition reimbursement
• support for working parents
• 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.

• 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.