What are the responsibilities and job description for the Credit Analyst position at The TCW Group?
Position Summary
The Credit Analyst is a member of the corporate credit research team within the Fixed Income Group in the Los Angeles office. This role reports to the Head of Credit Research and works closely with other investment professionals in a team-oriented, trading floor environment. The Credit Analyst generates investment recommendations for our investment grade, high yield and bank loan portfolios within their coverage sectors. Specific sector coverage will be determined during the interview process. In addition to proven credit analysis expertise, the candidate must possess highly professional communication skills to effectively present memorandum to credit committee.
Essential Duties
- Present detailed investment memorandum including industry analysis, financial projections, credit analysis, covenant reviews, valuation analysis, relative value analysis, recovery analysis and investment recommendation
- Create and maintain financial models and databases, which are used to monitor and analyze both existing and prospective investments
- Evaluate new issue investment opportunities
- Monitor and synthesize news flow, company announcements, and industry reports related to portfolio investments
- Maintain industry scorecards and relative value frameworks
- Present on sector themes and discuss Buy/Hold/Sell lists
- Conduct meetings and sustain relationships with management teams, sell-side analysts, rating agency analysts, and industry experts
Required Qualifications
- Minimum 6 years of buy-side or sell-side research and/or investment banking experience
- Bachelor’s Degree from a competitive university or college with strong academic performance and relevant coursework
- Excellent finance, accounting and math skills
- Solid proficiency with Bloomberg, Excel, Word and PowerPoint
Professional Skills Qualifications
- Diligent, hard-working, responsible, willing to work both in a team setting and independently, and have proven these characteristics
- Solid verbal and written communication skills
- Strong work ethic and uncompromising attention to detail
- Proven ability to work in a fast-paced environment and remain organized and productive under challenging time constraints
- Initiative to complete tasks and enhance output under limited supervision
- Entrepreneurial attitude, intellectual curiosity, creativity to identify investment opportunities
Desired Qualifications
- Graduate degree and/or CFA designation preferred; or, equivalent work experience
This role requires candidates to work from a TCW office five days a week.
Estimated Compensation:
Base Salary: For CA based position, the base salary range is $185k-$200k. This represents base salary range only.
Other Compensation:In addition to the base salary, this position will be eligible to be considered for an annual discretionary bonus.
Benefits: Eligible for TCW’s comprehensive benefits package.
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Salary : $185 - $200