Research associate, Municipal Bonds

The Fixed Income Research Associate will work primarily in the municipal bond universe, providing fundamental analysis of various credits. The Investment analysis performed will include interpreting market data, trends and economic forecasts. Cash flow modeling and financial reporting analysis are essential. The Fixed Income Research Associate will assist senior analysts with crafting and implementing investment theses.

Responsibilities

• Analyze individual municipal credits, interpret market and industry trends, and examine specified market sector activity to provide information and analysis required in the investment decision-making process.
• Complete fundamental analysis on specific municipal credits and create/update investment models with specific issuer information, income statements/ balance-sheet numbers and market trend data. Based on analysis make recommendations and articulate those buy, sell, hold recommendations with senior investment staff.
• Research and recommend new sources of information to more senior investment staff.
• Contribute to credit analysis and/or analysis of classes of securities, market trends, yield and duration relationships, and pricing trends between different fixed-income sectors.
• Assist in various functions that support the whole credit research team such as compiling research data on holdings.
• May support more than one investment strategy team; foster relationships with various portfolio management teams to effectively do so.
• All functions must be performed in the context of the unique client-defined investment strategy and the work contributes to the strategy’s successful performance and the Company’s ability to raise assets. The investment analysis performed include fundamental analysis of individual municipal credits and interpreting market data, trends and economic forecasts.
  
  

Qualifications

• Bachelor’s degree required; May hold advanced degree and/or CFA designation or progress towards either.
• Typically has 3-5 years of experience in dedicated investment analysis experience in the municipal market.
• Superior organizational and analytic skills to complete detailed fundamental analysis. Ability to construct investment models to identify and track value added securities.
• Strong written and verbal communication skills to deliver reviews and recommendations. Ability to articulate highly technical information with conviction.
• Sense of judgment and self-discipline in order to evaluate multiple opportunities and make appropriate investment decisions.
• Strong understanding of business and economics in order to research target companies and determine potentially profitable investments.
• Ability to work well with multiple levels of internal and external contacts; strong communications skills to effectively convey recommendations & rationale.
• Good understanding of business and economics in order to research target credits and recommend potentially profitable investments.
• Coding abilities a plus.
• Experience analyzing High Yield Municipal credits a plus
  
  

When You Join Our Team

• We’ll empower you to learn and grow the career you want.
• We’ll recognize and support you in a flexible environment where well-being and inclusion are more than just words.
• As part of our global team, we’ll support you in shaping the future you want to see
  
  

About Manulife And John Hancock

Manulife Financial Corporation is a leading international financial services provider, helping people make their decisions easier and lives better. To learn more about us, visit https://www.manulife.com/en/about/our-story.html.

Manulife is an Equal Opportunity Employer

At Manulife/John Hancock, we embrace our diversity. We strive to attract, develop and retain a workforce that is as diverse as the customers we serve and to foster an inclusive work environment that embraces the strength of cultures and individuals. We are committed to fair recruitment, retention, advancement and compensation, and we administer all of our practices and programs without discrimination on the basis of race, ancestry, place of origin, colour, ethnic origin, citizenship, religion or religious beliefs, creed, sex (including pregnancy and pregnancy-related conditions), sexual orientation, genetic characteristics, veteran status, gender identity, gender expression, age, marital status, family status, disability, or any other ground protected by applicable law.

It is our priority to remove barriers to provide equal access to employment. A Human Resources representative will work with applicants who request a reasonable accommodation during the application process. All information shared during the accommodation request process will be stored and used in a manner that is consistent with applicable laws and Manulife/John Hancock policies. To request a reasonable accommodation in the application process, contact recruitment@manulife.com.

Referenced Salary Location

Boston, Massachusetts

Working Arrangement

Hybrid

Salary range is expected to be between

$91,000.00 USD - $165,000.00 USD

If you are applying for this role outside of the primary location, please contact recruitment@manulife.com for the salary range for your location. The actual salary will vary depending on local market conditions, geography and relevant job-related factors such as knowledge, skills, qualifications, experience, and education/training. Employees also have the opportunity to participate in incentive programs and earn incentive compensation tied to business and individual performance.

Manulife/John Hancock offers eligible employees a wide array of customizable benefits, including health, dental, mental health, vision, short- and long-term disability, life and AD&D insurance coverage, adoption/surrogacy and wellness benefits, and employee/family assistance plans. We also offer eligible employees various retirement savings plans (including pension/401(k) savings plans and a global share ownership plan with employer matching contributions) and financial education and counseling resources. Our generous paid time off program in the U.S. includes up to 11 paid holidays, 3 personal days, 150 hours of vacation, and 40 hours of sick time (or more where required by law) each year, and we offer the full range of statutory leaves of absence.

Know Your Rights I Family & Medical Leave I Employee Polygraph Protection I Right to Work I E-Verify I Pay Transparency

Company: John Hancock Life Insurance Company (U.S.A.)