High Yield Credit Analyst

Vacancy details

General information

Reference

2024-287  

Position description

Business unit

Investment Management - Fixed Income

Job title

High Yield Credit Analyst

Contract type

Permanent

Candriam Group Presentation

Candriam is a global multi-specialist asset manager and a recognized pioneer and leader in sustainable investment. For more than 25 years, Candriam has offered innovative and diversified investment solutions across many asset classes including fixed income, equities, absolute return, asset allocation and illiquid assets.

As a Responsible Employer, Equal Employment Opportunity is crucial to Candriam. We are committed to building the best global team that represents a variety of backgrounds, perspectives, and skills. We provide an inclusive work environment and support wellbeing and work-life balance.

Mission

Candriam is seeking a talented and highly motivated High Yield Credit Analyst to reinforce its High Yield and Credit Arbitrage team.

The ideal candidate will have a proven ability to analyze, evaluate and recommend investment opportunities.

The objective is to expand our coverage in Europe and the US to continue to grow our assets under management and to keep delivering superior risk adjusted return to our clients.

Responsabilities

Key Responsibilities:

  • Credit Analysis: conduct in-depth fundamental research on high yield issuers, including financial statements analysis, integration of ESG factors, industry evaluation, and covenant review.
  • External interactions: engage with managements, investor relations, and sell side analysis to extract information and better asses market consensus. Participate to leverage finance conferences organized by sell side to meet High Yield issuers.
  • Investment recommendations: develop and present actionable investment ideas to portfolio managers, supported by thorough analysis, and valuation metrics.
  • Risk assessment: monitor and assess credit risk, identifying potential downgrades or default, and recommending appropriate actions to mitigate risks.
  • Market monitoring: stay informed of market trends, economic indicators, and sector-specific developments that could impact our investments.
  • Portfolio management support: collaborate on a daily basis with portfolio managers to optimize portfolio construction.
  • Reporting: prepare and maintain detailed credit reports, including financial models, capital structures and investment recommendation for use in decision-making.

Profile

Master's degree in Finance, Economics, accounting, or a related field.
CFA designation is highly preferred.

- Credit analysis (financial analysis, ESG analysis, and modelling).
- A professional or personal experience in the US is a plus.
- Investment recommendation (a track-record of making investment recommendation).
- Communication skills (demonstrated ability to effectively communicate to stakeholders).
- Strong analytical and quantitative skills with a deep understanding of
financial statements and credit metrics.
- Ability to engage with CEO, CFO, and Investor Relations on a regular basis.
- Ability to work independently and in collaboration with the other team members.
- Expertise in financial modeling and valuation techniques.
- Excellent communication skills in English with the ability to present
complex information clearly and concisely.
- French language skills are a plus but not required.
- Advanced knowledge of Bloomberg, Excel and other financial analysis tools.
- Demonstrated ability to maintain high performance levels and make sound decisions in fast paced, high pressure environment..

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Position location

Job location

Europe, France

City

Paris

Candidate criteria

Education

4. Master's Degree II / Bac+5

Minimum level of experience required

2-5 years

Languages

English (C1 - Fluent)