Allstate Insurance
Intermediate Analyst - High Yield/Leveraged Loans Public Asset Group
Allstate Insurance, Chicago, Illinois, United States, 60290
Overview
At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. For more than 90 years, our innovative drive has kept us a step ahead of our customers\' evolving needs. From advocating for seat belts, airbags and graduated driving laws, to leading in pricing sophistication, telematics, and device and identity protection. Job Description As part of Allstate Investments\' Below Investment Grade (BIG) exposure, we invest in high yield bonds and broadly syndicated bank loans for Allstate general accounts. We also manage Collateralized Loan Obligations (CLOs) under the AIMCO name. Our people, process, and the broader Allstate enterprise have been key ingredients to our collective success. Our proprietary credit process has supported a strong performance track record through investment cycles across all mandates. Allstate Investments\' Public Asset Group is seeking an intermediate analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The intermediate analyst role involves underwriting leveraged credit investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.
Responsibilities
Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process, anchored around building detailed company specific financial models and forecasts, and understanding business and industry drivers, competitive positioning, and management/equity sponsor strength; often on an accelerated time frame. Consistently affirming recommendations to Portfolio Managers that drive relative return performance as valuation shifts. For existing issues, this includes reviewing quarterly operating results, writing credit reviews and updates, updating financial models, reviewing fundamental and secular outlooks, and monitoring changes in prices and spreads. Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group. Provide support for internal and external communications on an as-needed basis.
Challenges within the first 12 months
Learning our proprietary credit process. Integrating into our organization and culture. Establishing credibility with the Portfolio Managers and other asset teams within Allstate. Developing sufficient knowledge of current portfolio holdings to preserve strong financial performance and seek attractive investment opportunities for the portfolios.
Educational Background
A bachelor\'s degree in accounting, finance, or economics with strong academic performance; MBA and/or CFA a plus.
Professional Background
Experience: Three to five years of investment experience with a focus on leveraged credit.
Skills
Strong financial modeling skills coupled with a solid understanding of finance, economics and market cycles. Strong interpersonal skills and willingness to be a reliable team player, build trust and confidence through collaboration with a wide range of internal and external colleagues. Ability to work independently; efficiently prioritize workstreams. Strong work ethic and communication skills. Advanced Excel skills, Bloomberg. Investment banking and/or formal credit training a plus.
Leadership Requirements and Personal Traits
Thrive on change and continuous improvement. Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals. Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative. Strive for effective communication resulting in teamwork, shared knowledge, and ideas. Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals. Ensure the development of a diverse pool of talent to meet current and future organizational needs. Create an environment where people from diverse cultures and backgrounds work together effectively. Be of unquestionable integrity, ethical and moral character. Deal effectively with ambiguity, change, and adapt appropriately to a range of situations. Pursue lifelong learning and personal development.
Compensation
Compensation offered for this role is $120,000.00 - 167,250.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn\'t just a job - it\'s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Compliance and Ethics
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component. For jobs in San Francisco, please note local fair chance ordinances. To view the EEO policy and related notices, refer to the company communications on ethics and compliance. It is the Company\'s policy to employ the best qualified individuals available for all jobs. Discriminatory action on the basis of ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decisions, marital status, medical condition, military or veteran status, national origin, race, religion, sex, or sexual orientation is prohibited. This policy applies to all aspects of the employment relationship.
#J-18808-Ljbffr
At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. For more than 90 years, our innovative drive has kept us a step ahead of our customers\' evolving needs. From advocating for seat belts, airbags and graduated driving laws, to leading in pricing sophistication, telematics, and device and identity protection. Job Description As part of Allstate Investments\' Below Investment Grade (BIG) exposure, we invest in high yield bonds and broadly syndicated bank loans for Allstate general accounts. We also manage Collateralized Loan Obligations (CLOs) under the AIMCO name. Our people, process, and the broader Allstate enterprise have been key ingredients to our collective success. Our proprietary credit process has supported a strong performance track record through investment cycles across all mandates. Allstate Investments\' Public Asset Group is seeking an intermediate analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The intermediate analyst role involves underwriting leveraged credit investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.
Responsibilities
Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process, anchored around building detailed company specific financial models and forecasts, and understanding business and industry drivers, competitive positioning, and management/equity sponsor strength; often on an accelerated time frame. Consistently affirming recommendations to Portfolio Managers that drive relative return performance as valuation shifts. For existing issues, this includes reviewing quarterly operating results, writing credit reviews and updates, updating financial models, reviewing fundamental and secular outlooks, and monitoring changes in prices and spreads. Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group. Provide support for internal and external communications on an as-needed basis.
Challenges within the first 12 months
Learning our proprietary credit process. Integrating into our organization and culture. Establishing credibility with the Portfolio Managers and other asset teams within Allstate. Developing sufficient knowledge of current portfolio holdings to preserve strong financial performance and seek attractive investment opportunities for the portfolios.
Educational Background
A bachelor\'s degree in accounting, finance, or economics with strong academic performance; MBA and/or CFA a plus.
Professional Background
Experience: Three to five years of investment experience with a focus on leveraged credit.
Skills
Strong financial modeling skills coupled with a solid understanding of finance, economics and market cycles. Strong interpersonal skills and willingness to be a reliable team player, build trust and confidence through collaboration with a wide range of internal and external colleagues. Ability to work independently; efficiently prioritize workstreams. Strong work ethic and communication skills. Advanced Excel skills, Bloomberg. Investment banking and/or formal credit training a plus.
Leadership Requirements and Personal Traits
Thrive on change and continuous improvement. Demonstrate and foster a sense of urgency, strong commitment, and accountability while making sound decisions and achieving goals. Focus on exceptional customer service and drive innovation to create an atmosphere that supports new ideas and initiative. Strive for effective communication resulting in teamwork, shared knowledge, and ideas. Articulate, inspire, and engage commitment to a plan of action aligned with organizational mission and goals. Ensure the development of a diverse pool of talent to meet current and future organizational needs. Create an environment where people from diverse cultures and backgrounds work together effectively. Be of unquestionable integrity, ethical and moral character. Deal effectively with ambiguity, change, and adapt appropriately to a range of situations. Pursue lifelong learning and personal development.
Compensation
Compensation offered for this role is $120,000.00 - 167,250.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation.
Joining our team isn\'t just a job - it\'s an opportunity. One that takes your skills and pushes them to the next level. One that encourages you to challenge the status quo. One where you can shape the future of protection while supporting causes that mean the most to you. Joining our team means being part of something bigger - a winning team making a meaningful impact.
Allstate generally does not sponsor individuals for employment-based visas for this position.
Compliance and Ethics
Effective July 1, 2014, under Indiana House Enrolled Act (HEA) 1242, it is against public policy of the State of Indiana and a discriminatory practice for an employer to discriminate against a prospective employee on the basis of status as a veteran by refusing to employ an applicant on the basis that they are a veteran of the armed forces of the United States, a member of the Indiana National Guard or a member of a reserve component. For jobs in San Francisco, please note local fair chance ordinances. To view the EEO policy and related notices, refer to the company communications on ethics and compliance. It is the Company\'s policy to employ the best qualified individuals available for all jobs. Discriminatory action on the basis of ancestry, age, color, disability, genetic information, gender, gender identity, gender expression, sexual and reproductive health decisions, marital status, medical condition, military or veteran status, national origin, race, religion, sex, or sexual orientation is prohibited. This policy applies to all aspects of the employment relationship.
#J-18808-Ljbffr