The Corporate Credit Research Analyst will work alongside the Alternative Credit & Fixed Income investment team, based in our New York office.

Responsibilities

• Perform quantitative and qualitative fundamental credit analysis on a variety of companies and industries
• Build cash flow models from company financials (Balance Sheet, Income Statement and Cash Flow Statement) and perform sensitivity analysis
• Perform analysis of pro-forma liquidity and recovery scenarios
• Understand the customer base, competitive landscape, regulatory environment and management team of covered companies
• Present research and analysis directly to the portfolio manager and the investment team
• Help improve the fundamental corporate research process and database, maintained in Microsoft SQL, Python and Excel. Analyst will be given projects in between earnings cycles to enhance system efficiency and accuracy

Qualifications

• Minimum of two years of experience in a buy-side fundamental credit analysis role
• Understanding of credit analysis, including familiarity with liquidity and recovery analysis
• Proficiency with Financial Accounting; ability to navigate and interpret cash flow statement, balance sheet, income statement and the notes to financial statements
• Proficiency with Microsoft Excel, Word and PowerPoint
• Proficiency with Python is a plus
• Excellent written and verbal communication skills
• Proactive, self-disciplined and entrepreneurial
• Ability to work in pressure situations with short deadlines

About Us

Magnetar is a leading, global alternative asset manager with over $13.4B AUM as of December 31, 2023. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York and London.

Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.

We are purposeful about investing in our employee’s health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.

Disclaimer
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

In accordance with New York City’s Pay Transparency Law, the base salary range for this role is $80,000 to $120,000. Base salary does not include other forms of compensation or benefits.