Private Credit Analyst

Transamerica; Philadelphia (Philadelphia County); On-site; USD 70,000 - 90,000; Full time

Benefits offered by this job

Competitive pay

401(k) match

Tuition reimbursement

Medical, dental, vision insurance

Paid time off starting at 160 hours annually

Wellness program

Parental leave

Job summary

Transamerica is seeking a professional to support institutional fixed income portfolio management through investment analysis and regulatory capital evaluation. The role involves building analytical models for asset selection, conducting market research, and preparing investment documentation.

Ideal candidates have a bachelor's degree in a quantitative field and 1-2 years of experience in investment analytics. Proficiency with Excel and Bloomberg is required. The company offers competitive pay, comprehensive benefits, and a commitment to diversity and inclusion.

Qualifications

• 1‑2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management.
• Experience in a front‑office investment role at a bank, hedge fund, asset management firm, or insurance company.

Responsibilities

• Build and maintain analytical models for asset selection and cash flow projections.
• Conduct sector, issuer, and market research to support portfolio construction.
• Assist in the preparation of investment memos and governance documentation.

Skills

Analytical skills

Proficiency in Excel

Bloomberg experience

BlackRock Aladdin experience

Clearwater Analytics experience

Education

Bachelor’s degree in a quantitative discipline

Tools

Excel

Bloomberg

BlackRock Aladdin

Clearwater Analytics

Job description

Job Description Summary

Supports institutional fixed income portfolio management through investment analysis, regulatory capital evaluation, and cross functional collaboration within an insurance general account framework.

Responsibilities

• Build and maintain analytical models for asset selection, relative value assessment, spread analysis, cash flow projections, deployment planning, and scenario analysis.
• Conduct sector, issuer, and market research to support portfolio construction, rebalancing, and capital allocation decisions across liability‑backed portfolios.
• Support medium‑term plan development, strategic asset allocation execution, and deployment projections through data preparation, quantitative analysis, and presentation materials for senior leadership and board audiences.
• Monitor portfolio positioning against investment mandates and approved guidelines, track risk limit utilization and flag deviations from the strategic asset allocation framework.
• Assist in the preparation of investment memos, due diligence materials, and governance documentation for new and existing fixed income investments.
• Support identification, evaluation, and selection of external investment managers, including investment and operational due diligence, documentation review, track record analysis, and reference calls.
• Monitor external manager performance, attribution, and compliance with fund terms; maintain manager tracking tools and reporting dashboards.
• Develop working knowledge of insurance regulatory capital frameworks, including NAIC, risk‑based capital, statutory accounting, IFRS and GAAP.
• Coordinate with actuarial, risk, accounting policy, and derivatives teams on investment approvals, pricing strategy inputs, cash flow testing, and governance requirements.
• Build and maintain portfolio analytics, dashboards, and tracking tools using Excel, Bloomberg (including BQL), Aladdin, Clearwater, and available data platforms. Contribute to process improvement and documentation initiatives.

Qualifications

• Bachelor’s degree in a quantitative discipline
• 1‑2 years of relevant experience in fixed income investment analytics, insurance investments, or institutional asset management
• Experience in a front‑office investment role at a bank, hedge fund, asset management firm, or insurance company
• Proficient in Excel
• Experience using Bloomberg, BlackRock Aladdin, and Clearwater Analytics
• Strong analytical skills with the ability to translate analysis into clear, actionable recommendations

Preferred Qualifications

• Chartered Financial Analyst (CFA) or Associate of the Society of Actuaries (ASA) designation
• Understanding of insurance asset management and asset‑liability management concepts
• Familiarity with NAIC risk‑based capital, statutory accounting, GAAP, and IFRS considerations
• Working knowledge of fixed income analytics, including duration, option‑adjusted spread, yield metrics, convexity, liquidity, prepayments, and defaults
• Experience with general account investment assets, including fixed income securities, asset‑backed securities, and alternative investments
• Ability to query, join, and analyze large data sets to create repeatable analytical processes
• Some exposure to the use of AI to support research, process improvement, and efficiency

Working Conditions

• Office Environment
• Occasional Travel
• Internal travel as needed

Inclusion & Diversity

We believe our commitment to diversity and inclusion creates a work environment filled with exceptional individuals. We’re thrilled to have been recognized for our efforts through the Human Rights Campaign Corporate Equality Index, Dave Thomas Adoption Friendly Advocate, and several Seramount lists, including the Inclusion Index, 100 Best Companies for Working Parents, Best Companies for Dads, and Top 75 Companies for Executive Women. To foster a culture of inclusivity throughout our workforce, workplace, and marketplace, Transamerica offers a wide range of diversity and inclusion programs.

Compensation and Benefits

Competitive pay with bonus for eligible employees. Comprehensive benefits include pension plan, 401(k) match, employee stock purchase plan, tuition reimbursement, disability insurance, medical, dental, vision, employee discounts, and career training & development opportunities. Health and work/life balance benefits include paid time off starting at 160 hours annually, ten paid holidays, holistic wellness program, parental leave, adoption assistance, employee assistance program, backup care, PTO for volunteer hours, employee matching gifts, employee resource groups, inclusion and diversity programs, employee recognition, and referral bonuses.

EEO Statement

Transamerica is an equal opportunity employer. All qualified applicants will receive consideration without discrimination based on race, color, religion, sex, sexual orientation, gender identity, national origin, or disability status.