Vice President role within Goldman Sachs & Co. LLC in New York, New York.
Work Schedule: 40 hours per week (9:00 a.m. to 6:00 p.m.)
Duties: Vice President role within Goldman Sachs & Co. LLC in New York, New York. Serve as the Senior Investment Grade Credit Analyst, responsible for working directly with other members of the global IG team to develop investment recommendations on companies in several industries for a range of portfolios. A successful candidate must demonstrate commitment to a team-oriented culture and bring a strong background in covering the North American industrial, transportation and real estate investment trust (REIT) industries. The Senior Investment Grade Credit Analyst will be responsible for analyzing credits; performing due diligence and presenting recommendations to portfolio managers; monitoring credits on an ongoing basis; and assessing relative value based on risk vs. return for a range of different portfolio strategies. Valuation skills and an outstanding critical thinking mindset are also critical for the role. Duties include: Establishing an analytical framework for the North American industrial, transportation and real estate investment trust (REIT) industries; Researching and analyzing issuers via financial analysis, review of public SEC filings and other industry publications, evaluation of industry positioning, assessment of management and strategy, and interrogation of management and sell-side analysts, among other factors; Designing and developing financial models, including analyzing of past performance and forecasting of future performance; Creating and maintaining industry-level scoring models based on analysts’ judgment of material, fundamental drivers; Assessing the relative value of Investment Grade (IG) bond investment opportunities by interpreting risk-reward parameters, legal and capital structures, bond covenants, market drivers of bond performance and the value of available alternatives; Recommending investments across a range of portfolios (e.g., with different risk appetites, restrictions on currencies/countries, etc.) and defending those recommendations in both oral and written communication with portfolio managers; Performing ongoing due diligence and monitoring of portfolio positions and key credits in those industries, and communicating updates in a timely fashion (orally and in writing) to team members across the globe; and Communicating views to clients, both in written and oral form.
Job Requirements: Bachelor’s degree (U.S. or foreign equivalent) in Finance, Accounting, or a related field. Employer will accept single degree or any combination of degrees, certifications and/or professional experience where determined to be the equivalent to a U.S. Bachelor’s degree by a qualified credential evaluation service. Five (5) years of experience in the job offered or a related credit research position. Prior experience must include five (5) years of experience with: Applying an industry-based relative valuation framework, in conjunction with deep, bottoms-up fundamental experience, to drive investment decisions and outcomes in a variety of account types, including total rate of return and buy-and-maintain accounts; Conducting research across North American investment grade industrial, transportation and real-estate investment trust (REIT) industries to help to drive investment processes; Researching and analyzing public company, industry and market information in order to drive investment processes and portfolio-level outcomes; Constructing models that enable the tracking of companies, including analyzing past performance and forecasting future performance using key performance indicators that are specific to the industry and company being assessed; Analyzing financial metrics, including , but not limited to, debt/EBITDA and capitalization rates; Analyzing company financial statements and applying relevant accounting principles such as GAAP or IFRS; Communicating credit and investment research to portfolio managers and traders across global offices with a focus on suitability of these recommendations with stated objectives of individual client portfolios; Monitoring credits on an ongoing basis; and Assessing relative value based on risk vs. return for a range of different portfolio strategies. Travel is required approximately 5% to 10% of the time to meet with management teams, attend conferences, and develop industry relationships.
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