Analyst, Municipal Credit

Conning is a leading global investment management firm with a long history of serving the insurance industry.

We develop customized investment strategies that address our clients’ unique objectives, requirements and tolerance for risk. We develop solutions by leveraging Conning’s risk management tools and utilizing a highly disciplined investment process that relies on fundamental analysis.

Position Summary

Develop and apply municipal credit expertise to generate forward-looking credit views, internal ratings, and investment recommendations across a range of municipal sectors. Responsibilities include fundamental and market-based research, ongoing credit surveillance, and clear communication of insights to portfolio managers and the broader investment team. Work product includes concise written reports, data-driven analysis, and proactive identification of emerging risks and opportunities.

Responsibilities

• Conduct comprehensive fundamental credit analysis across multiple municipal sectors, incorporating financial, economic, policy, and demographic factors.
• Formulate and maintain internal credit ratings and outlooks, with clear supporting rationale.
• Monitor issuer performance and market developments, proactively identifying credit risks and opportunities.
• Produce clear, concise, and actionable research for portfolio managers and investment committees.
• Communicate credit views and recommendations effectively across the investment platform.
• Contribute to sector research, thematic analysis, and team-wide initiatives, including data and technology enhancements.
• Support ongoing improvements in research processes, tools, and analytics
  
  

Requirements

• Bachelor’s degree required; CFA designation or progress preferred.
• 3–5 years of municipal or fixed income credit experience.
• Strong analytical capabilities, including financial statement analysis and credit risk assessment.
• Ability to synthesize complex information into clear, well-supported conclusions.
• Strong written and verbal communication skills.
• Proficiency in Excel and data tools; experience with Power BI, Python, or similar tools is a plus, along with familiarity with AI-enabled tools (e.g., Copilot) to enhance research efficiency and insight generation.
• Demonstrated ability to work both independently and collaboratively in a team-oriented environment.
• Intellectual curiosity and a proactive approach to research and problem solving.
  
  

Conning is an equal opportunity employer. Our company embraces the principles of inclusion; our employees can bring the best version of themselves to work every day. We thrive in an environment where everyone’s voice is heard, every idea counts, and the differences of our employees are valued. We provide reasonable accommodations to those who need them.

If you are unable to complete this application due to a disability, contact us to ask for an accommodation or an alternative application process.

We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment because of race, color, sex, age, national origin, religion, sexual orientation, gender identity, status as a veteran, and basis of disability or any other federal, state or local protected class.

Applicants must exhibit a strong commitment to meet compliance obligations reflecting Conning's core values of honesty and integrity; must accept responsibility for compliance in each role and comply with all applicable rules, regulations, and legal requirements.