Allstate
Analyst - High Yield/Leveraged Loans Public Asset Group
Allstate, Chicago, Illinois, United States, 60290
Overview
Analyst - High Yield/Leveraged Loans Public Asset Group Allstate Investments’ Public Asset Group is seeking an analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The 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. 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. Responsibilities
The Analyst will be expected to focus on the following: Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process, which is anchored around building detailed company specific financial models and forecasts in addition to understanding business and industry drivers, competitive positioning, and management/equity sponsor strength; this is 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 Professional Background
Experience
6+ years of primary analyst coverage across High Yield & Leveraged Loan mandates; Healthcare focus preferred 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 Experience leveraging AI tools to optimize results Investment banking and/or formal credit training a plus Educational Background
A bachelor’s degree in accounting, finance or related with strong academic performance; CFA and/or MBA preferred Leadership Requirements and Personal Traits
The successful candidate will be a change leader and manager. This individual must also have the following personal and professional attributes which are consistent with the Company’s stated values: 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; Be willing to adhere to the following to ensure adherence to Allstate Investments compliance requirements and policies: Provide the Investments Compliance team with a list of investment accounts over which you have significant influence; Provide consent, through a signed statement, allowing Investments Compliance to receive duplicate confirmations of transactions in such accounts; Pre-clear through the Pre-Trade Clearing Process any personal security trades as described upon employment. The Pre-Trade Clearing Process involves a check against a restricted security/issuer list, maintained by Investments Compliance, based on Allstate Investments' and Allstate's activities and dealings in the financial markets; Answer certain compliance questions regarding affiliations with investment advisers, violations of securities laws, or actions taken against you by securities regulators and annually confirm compliance with the Allstate Code of Ethics and the Allstate Investments Code of Conduct; Provide Investments Compliance with a complete report of current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership. An employee is presumed to be a beneficial owner of securities held by immediate family members living in the same household. Compensation and Benefits Package
A competitive compensation and benefits package will be provided, including an attractive base salary and an annual target bonus opportunity based on the company’s and the individuals performance. Allstate offers a diversity of competitive benefits programs and resources: Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts; Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability; 401K; tuition reimbursements for further education opportunities; Paid time off days; Shuttle service from nearby public transportation. Skills
Analytical Analysis, Credit, Credit Processes, Finance, Financial Analysis, Financial Modeling, High Yield Bonds, Investment Banking, Investment Management, Investments, Investments Analysis Compensation
Compensation offered for this role is $142,000.00 - 199,750.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation. 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... To view the EEO and related postings, you will find information under the company policies. This posting contains no other changes to policy. Location
Chicago, IL This position is not sponsoring visa requests. EEO statements and compliance information available as required by law.
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Analyst - High Yield/Leveraged Loans Public Asset Group Allstate Investments’ Public Asset Group is seeking an analyst to join our credit research team as a generalist that supports our High Yield/Leveraged Loan (CLOs) mandates. The 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. 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. Responsibilities
The Analyst will be expected to focus on the following: Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process, which is anchored around building detailed company specific financial models and forecasts in addition to understanding business and industry drivers, competitive positioning, and management/equity sponsor strength; this is 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 Professional Background
Experience
6+ years of primary analyst coverage across High Yield & Leveraged Loan mandates; Healthcare focus preferred 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 Experience leveraging AI tools to optimize results Investment banking and/or formal credit training a plus Educational Background
A bachelor’s degree in accounting, finance or related with strong academic performance; CFA and/or MBA preferred Leadership Requirements and Personal Traits
The successful candidate will be a change leader and manager. This individual must also have the following personal and professional attributes which are consistent with the Company’s stated values: 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; Be willing to adhere to the following to ensure adherence to Allstate Investments compliance requirements and policies: Provide the Investments Compliance team with a list of investment accounts over which you have significant influence; Provide consent, through a signed statement, allowing Investments Compliance to receive duplicate confirmations of transactions in such accounts; Pre-clear through the Pre-Trade Clearing Process any personal security trades as described upon employment. The Pre-Trade Clearing Process involves a check against a restricted security/issuer list, maintained by Investments Compliance, based on Allstate Investments' and Allstate's activities and dealings in the financial markets; Answer certain compliance questions regarding affiliations with investment advisers, violations of securities laws, or actions taken against you by securities regulators and annually confirm compliance with the Allstate Code of Ethics and the Allstate Investments Code of Conduct; Provide Investments Compliance with a complete report of current securities holdings in which the employee has, or acquires, any direct or indirect beneficial ownership. An employee is presumed to be a beneficial owner of securities held by immediate family members living in the same household. Compensation and Benefits Package
A competitive compensation and benefits package will be provided, including an attractive base salary and an annual target bonus opportunity based on the company’s and the individuals performance. Allstate offers a diversity of competitive benefits programs and resources: Comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts; Group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability; 401K; tuition reimbursements for further education opportunities; Paid time off days; Shuttle service from nearby public transportation. Skills
Analytical Analysis, Credit, Credit Processes, Finance, Financial Analysis, Financial Modeling, High Yield Bonds, Investment Banking, Investment Management, Investments, Investments Analysis Compensation
Compensation offered for this role is $142,000.00 - 199,750.00 annually and is based on experience and qualifications. The candidate(s) offered this position will be required to submit to a background investigation. 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... To view the EEO and related postings, you will find information under the company policies. This posting contains no other changes to policy. Location
Chicago, IL This position is not sponsoring visa requests. EEO statements and compliance information available as required by law.
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