Credit Research Analyst, Municipals
6 days ago
PIMCO is a leading global investment solutions provider with over 2,300 dedicated professionals in 12 countries. Our mission is to manage risks and deliver returns for our clients worldwide.
Job DescriptionWe are seeking a highly skilled Municipal Credit Research Analyst to support the growth of our tax-exempt assets under management. This opportunity is based in Newport Beach, CA, where you will work in a dynamic environment alongside Portfolio Managers and other credit analysts.
This role offers a unique chance to develop your skills in municipal credit research, analysis, and portfolio management. You will be part of our global research team, interacting frequently with cross-asset Portfolio Managers.
You will assume coverage and responsibility for one or more defined sectors within U.S. public finance, with a focus on high-yield asset classes. Your duties will include:
- Building financial projections with a focus on debt sustainability and developing independent credit opinions for related coverage fields.
- Analyzing political conditions and their impact on credit fundamentals.
- Reporting and analyzing potential changes in tax policies and accounting treatment of municipal issuers.
- Providing detailed investment recommendations to tax-exempt and taxable portfolio managers.
- Developing and communicating investment ideas with portfolio managers.
- Producing written reports and presentations as needed.
- Interacting with clients or client service professionals as required.
To succeed in this role, you should have:
- 5-15 years of relevant public finance credit analysis experience, preferably at a buy side/sell side firm, federal agency, major state or municipal treasurer office.
- Strong prior experience in Muni high yield asset classes and experience in either municipal or corporate distressed situations.
- Exposure to sectors such as MSA/tobacco, dirt deals, assisted living/skilled nursing/CCRC, student housing, charter schools, and retail oriented.
- Strong academic credentials and achievement; an MBA/JD/CFA is preferred.
- A deep understanding of global fixed income products, including tax-exempt and taxable products.
- Strong understanding of fixed income math with a background in statistics or economics.
- The ability to make judgments regarding credit, risk, and valuation.
- Market knowledge that allows you to resolve the appropriate depth of analysis required for individual credits.
- The ability to handle tasks with minimal direction and make preliminary decisions in a short time frame with incomplete information.
- Good communication skills, with strong written and oral presentation abilities.
We offer a comprehensive benefits package, including medical, dental, and vision coverage from your first day of employment. Our total compensation approach includes a base salary and a discretionary bonus, determined by company, business, team, and individual performance.
The estimated salary range for this position is $187,000.00 - $305,000.00 per year, depending on your qualifications and experience.
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