Job Description
Role Purpose:
Supporting senior portfolio managers, the role holder will provide credit analysis and associated key credit information on the status of a large Municipal portfolio within three Municipal strategies and other SMA accounts which contain taxable municipal securities. There will be a requirement for the role holder to travel 20 to 30% of the time, including to other abrdn offices in the Northeast.
Base salary range $121,500 - $170,000
Key Outcomes / Responsibilities:
- Municipal credit analyst experience, ideally from a buy-side asset
management firm, a rating agency or bond insurer - Approach credit analysis with a systematic approach that incorporates a financial, accounting, geopolitical, and business economics understanding of issuers and industries
- Analyze and understand covenants in context of issuer’s financial and business situation
- Build financial models of issuers including projections and level of detail appropriate to the risk of a given issuer
- Recommend appropriate action (buy, sell, hold, swap, pass) on specific credits
- Identify and assess downside risk as well as upside opportunities
- Monitor specific issuer and industry developments on an on-going basis
- Help identify trends within or between industries and specific issues that may be exploited on a systematic basis from a portfolio point of view
- Understand and identify relative value within and across credits and sectors
- Engage with the firm’s other credit analysts, traders, and portfolio managers to facilitate a timely and effective investment-relevant flow of information
- Engage with outside sales coverage, traders, and analysts in effort to gain a perspective on particular credits or trends. Ask effective questions and identify strengths and potential flaws in outside analysis.
- Engage with and develop constructive relationships with management teams and other industry participants that help increase credit specific and sector knowledge
Role Specific Skills and Knowledge:
- Strong organizational skills
- Experience of working both independently and in a team-oriented, collaborative environment is critical.
- The ability to demonstrate tenacity and aim for positive results while optimally managing key relationships.
- Strong team building skills and an overall “can do” attitude is crucial
- Knowledge of Bloomberg terminal and functions
Qualifications:
- A bachelor’s degree in business administration with a concentration in finance or economics or a pre-law degree is preferred
- 3-7 years of municipal credit analyst experience
- A CFA or work towards the certification is desirable
- An MBA is not required, but is desirable
We are an affirmative action - equal opportunity employer. We’re committed to providing an inclusive workplace where all forms of difference are valued and which is free from any form of unfair or unlawful treatment. We define diversity in its broadest sense – this includes but is not limited to our diversity of educational and professional backgrounds, experience, cognitive and neurodiversity, age, gender, gender identity, sexual orientation, disability, religion or belief and ethnicity and geographical provenance. We support a culture that values meritocracy, fairness and transparency and welcomes enquiries from everyone.If you need assistance or an adjustment due to a disability please let us know as part of your application and we will assist.
What We Do
abrdn is a global investment company that helps clients and customers plan, save and invest for the future. Our purpose is to enable our clients to be better investors.
Our strategy is to deliver client-led growth. We are structured around three businesses – Investments, Adviser and Personal – focused on their changing needs
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