• Perform primary research coverage in an independent, analytical and forwarding looking manner.
• Provide buy/sell bond recommendations to Asian Fixed Income PMs.
• Be able to forecast leverage, cashflow and capital trends over 1-3 years.
• Weigh investments by qualitative factors such as corporate governance, management quality and competitive landscape. 
• Translate fundamental investment recommendations into actionable trade ideas, with a sense of market timing and macro risk factors in mind.
• Develop and maintain relationships with invested companies as well as banks, rating agencies and other market related entities.
• Analyse macro industry trends and company financials
• Build and maintain financial models and industry databases
• Gather, synthesise and interpret data from publications and other sources

Skills: Research Analysis, Bond Recommendations, Cashflow Forecasting, Governance Evaluation, Trade Development, Relationship Management, Trend Analysis, Financial Modeling.

• Analyze corporate bond issuers within a range of corporate sectors, focus on utilities & healthcare
• Determine and analyze specific relevant credit issues including ESG factors
• Develop issue level and broader market relative value assessments
• Produce well researched, concise reports for global investment professionals
• Recommend changes in holdings of assigned credits
• Lead special projects as required by management
• Communicate effectively with investment teams and clients
• Make due diligence visits and attend industry conferences as appropriate
• Participate in client relations and marketing efforts

Skills: Bond Analysis, Credit Issue Assessment, Value Assessment, Report Writing, Holding Recommendations, Project Leadership, Effective Communication, Due Diligence.

• Responsible for the credit risks of holdings on PIC's internal portfolio
• Sector coverage on UK Higher Education necessary, other sectors desirable include Student Accommodation, Sovereigns and Sub Sovereigns
• Writing and presenting annual credit reviews in respect of debt investments managed internally and updating Rating Methodologies
• Writing sector/ regulatory reviews annually
• Ongoing reporting of financial data associated with the internally managed portfolio
• Participating in credit committees to assess credit risks associated with new investments recommended by the debt origination team
• Managing and mentoring junior team members
• Develop marketing materials for clients, with the opportunity to participate in client meetings and phone calls
• Begin to understand the next wave of financial analysis through opportunities to work with and learn from quantitative portfolio strategies and data science teams.

Skills: Credit Risk Management, Sector Coverage, Credit Review Writing, Financial Reporting, Credit Committee Participation, Team Mentorship, Marketing Material Development, Quantitative Analysis.

• Detailed monitoring of portfolio companies including quantitative and qualitative parameters
• Detailed update of quarterly, annual financial results and updating financial models
• Regular discussion with credit rating agencies on portfolio companies and sectors
• Regular interaction with portfolio companies and updating the team with the development
• Estimate State and Central Government financial, revenue, expenses, and deficit numbers
• Monthly analysis and update on central and state financials data release like direct tax, indirect tax etc.
• Monitoring and projection of economic data like CPI, WPI, GDP, BOP, Credit Growth, Deposit Growth
• Regularly update team members on company/industry news and developments
• Assist team in other investment related requirements
• Develop and maintain credit research coverage for one or multiple industry sectors.
• Combine strong credit research and relative value skills to trade recommendations to portfolio managers
• Monitor industry conditions and knowledge of trends and themes affecting the credit quality of specific sectors and companies.
• Develop and maintain relationships with outside industry experts.

Skills: Portfolio Monitoring, Financial Updates, Credit Analysis, Stakeholder Interaction, Government Analysis, Economic Forecasting, Industry Research, Relationship Building.

• Formulating fundamental credit recommendations for each existing exposure and new bond investment
• Maintaining updated and standardised 1-pagers for each asset within the portfolio
• Keeping financial models live and updating the team after each earnings release
• Maintaining an up-to-date buy list, including fundamental credit recommendation, relative value assessment, preferred tenors and positioning within the capital and corporate structure
• Maintaining an updated watchlist and informing the team of any news that may change an investment recommendation
• Writing sector and issuer reports to be presented to relevant committees, including the Credit Committee
• Liaising with Finance to respond to corporate actions in a timely manner
• Assisting other members of the Investment Team or any other team in matters related to bond exposure
• Produce research reports in connection with new bond issues and publish regular case updates on existing issuers
• Give presentations to brokers and investors

Skills: Credit Analysis, Portfolio Management, Financial Modeling, Investment Recommendations, Watchlist Maintenance, Sector Reporting, Corporate Actions, Investor Presentations.

• Experience ESG research, with exposure to ESG fundamental and credit analysis.
• Knowledge of broader financial markets, and specific subject matter expertise in Credit markets.
• Understanding of how interest rates and risk impact debt market deals for investors and institutions.
• Demonstrated experience interpreting financial statements and performing quantitative financial analysis.
• Extraordinary primary research and writing skills.
• Ability to be a self-starter, independent-thinker, and collaborative team-player.
• Working knowledge of the Bloomberg Terminal.
• Master's degree or advanced certification such as a CFA charter holder.
• Knowledge of quantitative modelling, statistical analysis, and programming.
• Experience in credit team in sell side and asset management, credit rating agencies

Qualifications: BA in Economics with 4 years of Experience

• Experience in a credit research position (publishing ideally) in a sell or buy-side institution, such as investment banks, commercial banks, asset managers, rating agencies.
• Strong focus on fundamental credit research.
• Good knowledge of Bloomberg functions, including bond pricing, ratings, news alerts, portfolio set and issuances.
• Good knowledge of rating agencies’ rating approaches and ability to use their rating methodologies to perform internal ratings.
• Understanding of bond prospectuses and ability to capture relevant information.
• Accuracy, autonomy, attention to details, intellectual curiosity, strong verbal and writing skills and deliverability under tight deadlines are very valuable attributes to have in order to be successful in this function.
• Team spirit and collaboration are essential.
• Basic knowledge of the SII framework for insurers

Qualifications: BS in Finance with 5 years of Experience

• Financial / credit modelling with alternate valuation methods
• Credit paper writing and credit reviews
• Review and analyse borrower assumptions / budgets / forecasts
• Scenario analysis and stress testing
• Knowledge of real estate industry and relevant databases (international preferred)
• Covenant analysis and setting
• Process improvement and automation
• Timely, proactive, flexible, creative (thinks out of the box), result driven, responsible, curious, team player and fast learner
• Ownership, Hands on attitude, willing/capable to understand the big picture
• Willingness to succeed in a culture where change and speed are part of daily work
• Commercial drive with excellent communication skills

Qualifications: BS in Accounting with 3 years of Experience

• Highly motivated professional with a thirst for knowledge and an ability to work in a fast-paced environment
• Experience writing and speaking in a professional capacity. 
• Effective oral communication skills
• Effective organizational and time management skills
• Ability to function independently while maintaining a collegial and collaborative approach to working with other team members
• Strong analytical and financial modeling skills using Excel
• Direct experience in the Energy industry and/or sellside or buyside equity research 
• Strong analytical and quantitative skills
• An ability to multi-task, prioritize the workload effectively, and meet deadlines
• A team player attitude and self-motivation

Qualifications: BA in Business Administration with 2 years of Experience

• Experience with a focus on fixed income investments
• Depository institution experience in either investment portfolio management, asset-liability management, interest rate risk management, credit risk management, liquidity management, and/or capital planning
• Understanding of bank specific risk and regulatory constraints
• Experience with investments in a broad set of asset classes including agency and non-agency residential and commercial mortgage-backed securities (RMBS/CMBS), asset-backed securities (ABS), collateralized loan obligations (CLOs), municipal, and corporate debt.
• Experience conducting credit analysis, with an emphasis on structured products, and allocating capital across a broad range of investment asset classes
• Excellent interpersonal and communication skills with the ability to explain complex issues in a concise and understandable manner
• Self-starter with proven analytical and problem-solving skills along with an attention to detail and process
• Ability to collaborate with multiple partners across Treasury, Compliance, Finance, Operations, Legal, Audit and Risk to foster a culture of risk awareness and partnership
• Advanced quantitative and technical skills including the use of spreadsheet, database, graphing, and presentation software with programming skills including Visual Basic for Applications (VBA), R, Python, SQL, or similar programming languages
• Previous experience with Bloomberg, INTEX, Empyrean, or other financial modeling or ALM software
• Knowledge of GAAP and statutory accounting.

Qualifications: BS in Mathematics with 5 years of Experience