High Yield Credit Analyst

Responsibilities

• Conduct independent, fundamental high yield credit research to identify and initiate investment ideas.
• Analyze and explain economic, competitive, sector and political drivers that impact a borrower's ability to repay its debt. Develop well-researched short and long-term perspectives, resulting in the assignment of T. Rowe Price (TRP) bond ratings, outlooks and investment recommendations.
• Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits. Make buy, hold or sell investment recommendations incorporating the fundamental credit outlook.
• Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, other TRP analysts, credit and advisory committees and external clients.
• Produce and communicate regular forecasts of bond performance in selected credits. Also develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk.

Requirements

• Required:
• College degree with a minimum of three years of relevant work experience analyzing Fixed Income securities.
• Most critical attributes are solid analytical skills, insight and effective communication. TRP emphasizes a team-oriented approach, which will require the analyst to demonstrate these attributes on both an individual and group level.
• Experience understanding and evaluating creditworthiness.
• Ability to make judgments based on market knowledge.
• Experience with financial statement modeling and analysis.
• Inquisitive nature, driven to excel in all aspects of the analytical process. Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty.
• Willingness to pursue and explore ideas and potential investment opportunities, supporting one's ideas to questioning by Portfolio Managers and other analysts.
• A team player with excellent communication skills, written and verbal.
• Preferred:
• Advanced degree (MBA) and/or CFA
• FINRA Requirements
• FINRA licenses are not required and will not be supported for this role.
• Work Flexibility
• This role is eligible for hybrid work, with up to one day per week from home.
• Base Salary Ranges
• Please review the job posting for the location of this specific opportunity.
• $175,000.00-$275,000.00 for the location of: Maryland, Colorado, Washington and remote workers
• $175,000.00-$275,000.00 for the location of: Washington, D.C.
• $175,000.00-$275,000.00 for the location of: New York, California
• Commitment to Diversity, Equity, and Inclusion

Benefits

Additional Information

At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident. We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou'll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you'll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity . Join us for the opportunity to g row and make a difference in ways that matter to you . Role Summary The High Yield Credit Analyst will be responsible for the credit coverage of a few major sectors and multiple individual company positions. The individual will research new issues and secondary trade ideas as well as well as monitor existing portfolio holdings to generate superior risk-adjusted returns.

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