Investment Analyst - Fixed Income

Overview

FM is a leading property insurer of the world's largest businesses, providing more than one-third of FORTUNE 1000-size companies with engineering-based risk management and property insurance solutions. FM helps clients maintain continuity in their business operations by drawing upon state-of-the-art loss-prevention engineering and research; risk management skills and support services; tailored risk transfer capabilities; and superior financial strength. To do so, we rely on a dynamic, culturally diverse group of employees, working in more than 100 countries, in various challenging roles.

The Investment Analyst – Fixed Income will perform fundamental credit analysis in support of generating investment returns in excess of designated benchmarks. Primary responsibilities include the development and communication of investment recommendations on assigned industries. This requires qualitative and quantitative analysis of fundamental factors and the ability to make relative value recommendations. Independence will be gained as experience and judgment allows. Sector coverage is flexible based on person hired.

Schedule & Location:

This position is an exempt, full-time office-based position, Monday through Friday in our Waltham or Boston, MA locations.

Responsibilities

• Recommend bonds for investment with a goal of contributing towards favorable portfolio returns over a benchmark; key measurement periods are 1-, 3- and 5-year returns.
• Qualitative and quantitative analysis of assigned industries. Analysis will support existing investments and the generation of new investment ideas using a relative value framework to identify the most attractive industries, companies, and securities to own.
• Document investment thesis, key catalysts, financial policies, rating agency risks, and relative value framework for each issuer covered. Financial modeling may be required for some positions to better understand the credit trajectory. In the search for attractive investment opportunities, the analyst should build relationships with industry participants to develop a broader understanding of their companies and industries, with a goal of understanding how their independently acquired view compares to the broader market.
• Analyst should be able to understand and incorporate into their analysis any relevant bond covenants, structural considerations, and technical considerations.
• Contribute to the team’s overall performance by sharing perspectives on appropriate portfolio positioning and holdings, the broader economy, and other topics that may be relevant.
• Ad hoc projects or work as necessitated by the needs of the business.

Qualifications

Required Education

4-year bachelor’s degree

Highly Preferred Education:

• Master of Business Administration or CFA professional certification 

Required Work Experience:

• 2-5 years of investment experience, fixed income research experience preferred 

Required Skills:

• An understanding of financial statements, accounting, economics, the workings of financial markets, Bloomberg, and Microsoft Excel & Word.
• Analyst must be able to communicate effectively both verbally and in writing, which generally involves an ability to clearly and concisely articulate an investment thesis and relative value view.
• The intellectual curiosity to sort through a large amount of information to determine key issues, and an ability to assess probabilities of risk and return without complete information. 

The hiring range for this position is $114,300-$164,200 annually. The final salary offer will vary based on individual education, skills, and experience. The position is eligible to participate in FM’s comprehensive Total Rewards program that includes an incentive plan, generous health and well-being programs, a 401(k) and pension plan, career development opportunities, tuition reimbursement, flexible work, time off allowances and much more. 

FM is an Equal Opportunity Employer and is committed to attracting, developing, and retaining a diverse workforce.

Salary : $114,300 - $164,200