Municipal Bond Credit Anlayst

Position Summary

Clinton Investment Management is seeking a Municipal Credit Analyst to support the firm’s rapid growth of assets under management. Primary job responsibilities include performing detailed credit analysis for securities across multiple municipal sectors and with varying risk profiles. The analyst will help identify potential investment opportunities utilizing the firm’s investment thesis and philosophy and articulate credit opinions to internal and external stakeholders.

Core Responsibilities

•     Perform fundamental credit analysis for a complex portfolio of municipal issuers across the risk spectrum, including high yield

•     Surveil a portfolio of assigned credits within stipulated deadlines through analysis of periodic financial reports, news sources, management discussions, and other external sources to fulfill regulatory requirements

•     Recommend, through written reports and verbal communication, the potential suitability of specific municipal credits for individual portfolios and commingled funds

•     Develop, review, and maintain internal credit models to support analysis and trade recommendations

•     Effectively communicate with team members, rating agencies, broker/dealers and other industry players

•     Draft periodic credit commentaries on key market and industry developments

•     Perform special/ad hoc projects, as needed, to advance the research team and firm’s objectives

Qualifications

•     Three-to-five years of municipal credit analyst experience at buy/sell side firms, bond insurers, credit ratings agencies, issuers, etc. Other pertinent experience will be considered

•     Advanced analytical and quantitative skills, particularly an ability to navigate complex data sets and systems to assess credit risks

•     Knowledge of and interest in macroeconomic topics (economic, political, and legal) and their linkages to municipal securities

•     Excellent written and verbal communication skills to successfully articulate credit opinions to trading desk and clients

•     Strong intellectual curiosity, independent thinking, and ability to work collaboratively in team-based settings

•     Excellent time management/organizational skills and attention to detail

Education

•     Bachelor’s degree in a related field (economics, finance, public policy/administration, business, mathematics) is required

o  Advanced/master’s degree is preferred

•     CFA or progress towards obtaining designation is a plus

Preferred Qualifications

•  Exposure to sectors such as charter schools, healthcare/CCRCs, transportation, higher education, tobacco, and project finance sectors is a plus

•  High yield experience

Compensation

Competitive pay and bonus commensurate with professional experience