What are the responsibilities and job description for the Associate High Yield Credit Analyst - Hybrid, Farmington CT position at Symetra Life Insurance Company?
About the role
The Associate Credit Analyst role requires 1-3 years of experience preferably in credit research, equity research, investment banking or private equity. The Associate Credit Analyst will be an integral member of the High Yield and Bank Loan group in SIM. The team invests in high yield bonds and bank loans. The Associate Credit Analyst will work closely with senior analysts on the team to develop the necessary skillset to perform extensive fundamental credit analysis, and advance to being responsible for single name views and sector coverage on corporate issuers in the US High Yield and Leveraged Loan markets. The ideal candidate is self-motivated, intellectually curious, enjoys an
innovative and collaborative environment, has a basic understanding of investment concepts with excellent analytical, writing, communication and computer skills. CFA is a plus.
Company Overview
Symetra Investment Management (“SIM”) is a SEC-registered investment advisory firm with approximately $75 billion in assets under management as of December 31, 2023. Symetra Financial Corporation (“SFC”), a diversified financial services company with $59 billion in assets as of December 31, 2022, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is the holding company of Symetra Life Insurance Company (“Symetra Life”), which was founded in 1957, and has insurer financial strength ratings of ‘A’ by A.M. Best and Standard & Poor’s and ‘A1’ by Moody’s. Symetra Life is among the top 40 largest life insurance companies in the United States (based on statutory admitted assets as of December 31, 2022) and has approximately 1.7 million customers and over 2,200 employees nationwide. SFC is a wholly owned subsidiary of Sumitomo Life Insurance Company, a mutual life insurance company with head offices in Osaka and Tokyo, Japan. Founded in 1907, Sumitomo is one of the largest life insurance companies in Japan with $319 billion of assets as of March 31, 2023. SIM currently plans to enter the third-party investment management market in the short to intermediate term.
What you will do
- Evaluating company fundamentals and industry trends, key operating metrics, business quality, competitive positioning, and valuation
- Developing investment theses and recommendations on single names, working with portfolio managers to monitor and rebalance the portfolios
- Identifying investment ideas across a companies’ capital structure on primary and secondary opportunities
- Writing research reports on single names and identifying sector trends and outlooks
- Performing due diligence on corporate borrowers including analyzing credit agreements, attending management meetings with corporate borrowers, investment banks and other company stakeholders as required
- Talk directly with members of issuers’ management team as part of due diligence process
- Work directly with the portfolio managers, trader and other analysts on the team and within the organization
- Develop relationships with sell-side counterparts and network with industry peers
Why work at Symetra
If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort!), there are easier places to work.” Cris H. - AVP Internal Sales, Training and Development
Symetra is inclusive of all employees regardless of their personal differences.” Darrell J. - Actuary III
Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions.” Felicia D. - Financial Reporting Lead Senior Analyst
What we offer you
We don’t take a “one-size-fits-all” approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.
Compensation
Salary Range : $113,700 – $189,400 plus eligibility for annual bonus programs
Who you are
We empower inclusion
At Symetra, we aspire to be the most inclusive insurance company in the country. We’re building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspectives, and removing barriers.
We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts .
Creating a world where more people have access to financial freedom
Salary : $113,700 - $189,400