CLO Professional

Prospect Capital

Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B of assets under management, and pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has permanent capital and utilizes a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

With offices in New York City, Connecticut, and Florida, the firm is comprised of 100 experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

The Position

• Join the existing CLO team to assist in sourcing, analyzing, and modeling new investment opportunities in both the primary and secondary markets.
• Perform relative value analyses that will drive investment decisions
• Assist in the portfolio management of the existing CLO portfolios totaling approximately $1.5B, including analyzing refinancings, resets, and redemptions
• Analyze and evaluate CLO equity and debt investments, including tranche structuring, risk assessment, and return optimization.
• Track and interpret market trends, regulatory developments, and macroeconomic factors affecting CLOs and leveraged loans.
• Develop and refine financial models to project CLO cash flows, stress scenarios, and expected returns

Desired Skills and Experience

• Prior experience working with CLOs including direct investing, trading, or research experience
• Sound understanding of the fundamental, legal, structural, and technical aspects of CLOs
• Demonstrated track record of excellence in academic, professional, and personal endeavors
• Strong modeling skills including in-depth knowledge of Intex and Excel is required. Experience with Kanerai or VBA is a plus
• Familiarity with Bloomberg, Intex, Moody’s, and other CLO/credit analytics platforms.
• Highly detail-oriented with strong analytical and problem-solving skills to assess complex structured credit investments
• Ability to work effectively under pressure in a fast-paced, dynamic investment environment.Strong organizational skills, with the ability to manage multiple priorities and deadlines simultaneously
• Collaborative team player, able to work across investment, research, and risk management teams.
• Strong organizational skills, with the ability to manage multiple priorities and deadlines simultaneously

The anticipated annual base salary range for this position is $100,000 - $300,000 plus annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance. 

In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.

Salary : $100,000 - $300,000