Credit Research Analyst, Municipals

6 days ago


Newport Beach, California, United States PIMCO Full time
About PIMCO

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 Description

We 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.
Requirements

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.
Compensation

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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