Credit Analyst — Long/Short Corporate Credit

Key Responsibilities: Generate investment ideas: Source and evaluate long and short opportunities in new issues and secondary markets, including relative value, event-driven, and stressed credit situations. Prioritize research: Screen and prioritize potential investments, identify the issues most likely to determine the outcome, and conduct deeper diligence where the potential return justifies further work. Conduct fundamental research: Develop an independent understanding of companies and industries through financial analysis, management discussions, and other primary research. Apply AI to the research process: Identify and apply practical uses of AI in company research, document analysis, and investment workflows, while independently verifying conclusions and maintaining rigorous analytical standards. Build and maintain financial models: Assess operating performance, cash generation, leverage, liquidity, debt service capacity, and refinancing requirements under a range of scenarios. Analyze capital structures and documentation: Evaluate credit agreements, bond indentures, covenant protections, structural seniority, and potential recoveries, including the implications of restructurings and liability management transactions. Develop actionable investment recommendations: Present clear investment theses supported by valuation, catalysts, expected returns, downside analysis, and key risks. Monitor existing investments: Track financial results, industry developments, market pricing, and company-specific events; update recommendations as circumstances change. Collaborate with the investment team: Contribute to research discussions, challenge assumptions constructively, and help assess relative value and portfolio risks.

Qualifications and Attributes: Three or more years of relevant credit research or investment experience. A background in long/short credit, opportunistic credit, or special situations is required. Strong financial modeling, accounting, valuation, and fundamental credit analysis skills. Strong critical thinking and commercial judgment, with the ability to translate complex financial, legal, and industry information into a clear investment recommendation. Practical familiarity with AI tools and a strong interest in applying them to investment research, with the initiative to experiment, critically assess outputs, and incorporate effective tools into day-to-day work. Experience evaluating high-yield bonds and leveraged loans, with a sound understanding of capital structures and credit documentation. Restructuring and distressed investing experience is a plus. Demonstrated ability to independently originate actionable investment ideas, develop differentiated views, and carry recommendations from initial screening through investment and ongoing monitoring. Clear, concise written and verbal communication, including the ability to defend an investment thesis and reassess it when the evidence changes. Professional maturity, resilience, and sound judgment, with a demonstrated ability to navigate challenges, learn from setbacks, and adapt to changing circumstances. Intellectual curiosity, honesty, and accountability, together with the initiative and attention to detail required to contribute effectively within a small investment team. This is a full-time on-site position.