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Morgan Stanley · 4 days ago

MSIM Fixed Income- Floating Rate Loan Credit Analyst-VP

Boston, MA

Full-time

Onsite

Mid, Senior Level

$125K/yr - $250K/yr

5+ years exp

Morgan Stanley Investment Management is a leading investment firm managing over $1.7 trillion in assets. They are seeking an experienced Credit Analyst to conduct in-depth credit analysis of leveraged loan issuers and support portfolio management decisions in the primary and secondary market.

Asset ManagementFinanceFinancial ServicesLending

Responsibilities

Perform fundamental credit analysis of companies issuing broadly syndicated floating-rate loans. Evaluate credit risk across quantitative, qualitative, structural and relative value factors

Build, maintain, and update detailed financial models with a focus on cash flow and valuation

Prepare and present written credit investment memos and recommendations for new investments, stressed situations and secondary opportunities

Track issuer performance against underwriting expectations, monitor credit quality and portfolio exposures on an ongoing basis, produce periodic updates and alert portfolio managers to emerging risks and opportunities

Analyze loan documentation and credit agreements (covenants, collateral structure, intercreditor terms, lien priority, security packages) to assess structural protections under different scenarios

Engage with management teams, private equity sponsors, debt-advisors, industry contacts, sell side desks and other stakeholders as necessary to perform due diligence, market / industry research and to source new loan investment opportunities

Collaborate with portfolio managers, traders, and senior investment professionals to communicate credit views, discuss investment ideas, and coordinate relative-value analysis across sectors and instruments

Qualification

Credit analysisFinancial modelingLeveraged finance experienceCFA certificationPortfolio monitoringMicrosoft ExcelWritten communicationVerbal communicationCritical thinkingAttention to detail

Required

Bachelor's degree in Finance, Accounting, Economics, Business Administration, or a related field

5–10 years of direct experience analyzing leveraged loans / syndicated credits / high-yield / leveraged finance transactions

Strong financial modeling skills, including building and maintaining cash flow models, valuation models and stress testing

Deep understanding of financial statements, accounting principles, credit metrics and ability to interpret qualitative factors including industry dynamics, business strategy and management strength

Strong written and verbal communication skills — capable of preparing credit memos, investment recommendations and presenting to investment committees and senior stakeholders

Prior experience with portfolio monitoring, relative-value analysis and trading desk collaboration

Familiarity with regulatory, compliance, and risk-management frameworks applicable to leveraged credit investments

Ability to work independently, manage multiple assignments and deadlines, and adapt to a dynamic market environment

Attention to detail, critical thinking, and sound judgment

Proficiency in Microsoft Excel, Bloomberg and/or other credit research tools