Corporate Credit Research Analyst

About Magnetar

Magnetar is a leading, global alternative asset manager with over $13.1B AUM as of Quarter 1 2024. Grounded in nearly two decades of investing experience, we focus on delivering positive outcomes for our investors by seeking to generate consistent performance across a variety of market conditions through our core businesses: Alternative Credit and Fixed Income, Healthcare and Systematic Investing. We are based in Evanston, IL with additional offices in New York, London and Houston.

Magnetar employees are among the best in the business at what they do. We attract highly skilled, dedicated professionals who enjoy collaborating and implementing innovative ideas. Our employees have an intense level of intellectual curiosity, a profound passion for our work and care deeply about delivering results for our investors, the firm and for each other. We work hard to foster an inclusive and welcoming environment where employees are empowered to thrive.

We are purposeful about investing in our employee’s health, well-being and firm culture. When you work at Magnetar, you will receive premier health care benefits, eligibility to enroll in a 401(K) savings program with employer match, unlimited PTO, lunch onsite, access to mental and physical wellness programs, the opportunity to participate in employee affinity groups with curated programming and networking events, and much more.

Position Overview

The Corporate Credit Research Analyst will work alongside the Alternative Credit & Fixed Income investment team, based in our Evanston office.

Responsibilities

• Perform quantitative and qualitative fundamental credit analysis on a variety of companies and industries.
• Maintain and arbitrate corporate financial data provided from multiple data sources, particularly as companies report new financial results, change their capital structure, and undergo material corporate events.
• Perform fundamental credit analysis on a variety of global corporate credits, including probability of default, pro-forma liquidity and recovery analyses. Be able to present analysis directly to the portfolio manager and the investment team.
• Help improve the fundamental corporate research process and database, maintained in Microsoft SQL, Python and Excel. Analyst will be given projects in between earnings cycles to enhance system efficiency and accuracy.

Qualifications

• Willingness to immerse oneself in financial and market data
• Some familiarity with a variety of market data providers, particularly Bloomberg and Capital IQ
• Ability to navigate and interpret cash flow statement, balance sheet, income statement and the notes to financial statements
• Understanding of credit analysis, including familiarity with liquidity and recovery analysis
• Familiarity with Python coding, particularly with Pandas dataframes
• Strong quantitative skills
• Excellent written and verbal communication skills
• Proactive, self-disciplined and entrepreneurial
• Ability to work in pressure situations with short deadlines
• Bachelor degree in finance, accounting, computer science or economics from accredited university
• CFA (Levels I or higher) and/or CPA is a bonus
• Python coding language
• Financial analyst, consulting, research, automation, or auditing background
• Minimum 3 years of relevant work experience

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.