BlackRock
Leveraged Finance Credit Research, Private Financing Solutions, Vice President
About this role
Business Overview
PFS Investment Partners, a part of BlackRock, is a leading global, credit-focused alternative investment manager that seeks to provide creative capital solutions and generate attractive risk-adjusted returns for our clients. We manage various strategies across the capital structure, including privately negotiated senior debt; privately negotiated junior capital solutions in debt, preferred and equity formats; liquid credit including syndicated leveraged loans, collateralized loan obligations and high yield bonds; asset-based finance and real estate. The scale and breadth of our platform offer the flexibility to invest in companies large and small, through standard or customized solutions. At our core, we share a common thread of intellectual rigor and discipline that enables us to create value for our clients.
Role description:
This is a VP position within our US Lev Fin team across industry. The candidate will work with the US Lev Fin team and work closely with the portfolio managers in assessing public, liquid credit opportunities. The ideal candidate should be capable of primary credit coverage of a defined list of issuers and will be responsible for rigorous credit-orientated fundamental research across the corporate capital structure. The individual will be monitoring investments for Public High Yield, Leveraged Loan and Long/Short Credit strategies. Generalists could apply.
Key Responsibilities:
Conduct fundamental credit research across the corporate capital structure
Work with a senior analyst in covering various sectors, analyzing and explaining economic, competitive and political drivers that impact a borrower’s credit quality.
Contribute trade ideas and discuss them with the portfolio managers, participate in relative value and trade structuring discussions
Interact with management teams, industry sources, other analysts, sell-side analysts, and other investment professionals
Assimilate and filter various sources of information to develop long term, well-researched investment theses on credits, sectors and issuers
Create historical and projected financial models, analyze key financial and operational metrics, develop deep valuation
Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other analysts, credit and advisory committees and external clients
Skills, experience and education:
7-11 years of experience in credit/financial statement analysis, with specific experience analyzing companies, fixed income securities and equity investments
Relevant experience in credit research (sector agnostic)
MBA or equivalent qualification in Finance with superior academic record; CFA will be an added advantage
Advanced financial analysis and modelling skills with specific experience in one of several of the following: analyzing companies, fixed income securities or equity investments
Strong Excel, financial modelling, and analytical skills
Familiarity and experience with bond and loan covenants – familiarity with leveraged loan credits and syndication processes in beneficial but not essential
Enquiring and analytically minded with a logical and thorough work ethic
Must possess the desire and ability to work in a team-orientated environment
Excellent written and verbal communication skills
Our benefits
To help you stay energized, engaged and inspired, we offer a wide range of benefits including a strong retirement plan, tuition reimbursement, comprehensive healthcare, support for working parents and Flexible Time Off (FTO) so you can relax, recharge and be there for the people you care about.
Our hybrid work model
BlackRock’s hybrid work model is designed to enable a culture of collaboration and apprenticeship that enriches the experience of our employees, while supporting flexibility for all. Employees are currently required to work at least 4 days in the office per week, with the flexibility to work from home 1 day a week. Some business groups may require more time in the office due to their roles and responsibilities. We remain focused on increasing the impactful moments that arise when we work together in person – aligned with our commitment to performance and innovation. As a new joiner, you can count on this hybrid model to accelerate your learning and onboarding experience here at BlackRock.
Guidance on AI use for candidates
At BlackRock, AI has long been part of how we work – enhancing decision-making, improving operations, and helping us deliver better outcomes for clients. We encourage candidates to use AI thoughtfully to learn, prepare, and work more effectively; but during our interview process, we want to focus on getting to know you through your own experiences, thinking, and judgment. To support you, we’ve provided guidance on when and how to use AI during our hiring process so you can approach each step with confidence and showcase your best self.
About BlackRock
At BlackRock, we are all connected by one mission: to help more and more people experience financial well-being. Our clients, and the people they serve, are saving for retirement, paying for their children’s educations, buying homes and starting businesses. Their investments also help to strengthen the global economy: support businesses small and large; finance infrastructure projects that connect and power cities; and facilitate innovations that drive progress.
This mission would not be possible without our smartest investment – the one we make in our employees. It’s why we’re dedicated to creating an environment where our colleagues feel welcomed, valued and supported with networks, benefits and development opportunities to help them thrive.
To learn more about BlackRock, please visit Careers.BlackRock.com. We also encourage you to get to know us on LinkedIn, Instagram, YouTube, X, and TikTok.
BlackRock is proud to be an Equal Opportunity Employer. We evaluate qualified applicants without regard to age, disability, family status, gender identity, race, religion, sex, sexual orientation and other protected attributes at law.
