What are the responsibilities and job description for the Credit Analyst position at United Nations Federal Credit Union?
P erform independent written credit and investment analysis primarily for UNFCU’s municipal securities portfolio. Responsible for evaluating the creditworthiness of existing municipal holdings and perform surveillance on municipal bond issuers impacted by major news or credit events. Evaluate potential new municipal exposures through bond purchase recommendations as well as provide feedback to the portfolio management team on trends in the municipal sector that could impact the portfolio. This position will also provide opportunities to eventually perform similar analytical roles for corporate security exposures.
This position is expected to be hybrid.
NYC Salary Range - $101,000 - $129,000 annually; compensation is commensurate to geographic location.
- Regardless of seniority or role, uphold UNFCU’s mission, core values, and guiding principles by providing an exceptional service experience to colleagues and members alike through consistent demonstration of our service excellence behaviors.
- Evaluate the creditworthiness of municipal issuers in UNFCU’s portfolio primarily through written credit reviews in order to provide updates on key recent events, socioeconomic indicators, financial performance, and debt burden including pension liabilities and other various financial metrics.
- Construct and update financial spreadsheets for municipal issuers in the portfolio and interpret the changes in the financial, liquidity, and leverage metrics.
- Regularly keep the manager and portfolio manager apprised of real-time news developments related to existing and potential exposures.
- Review external research from rating agencies and banks, and share insights with other department analysts.
- Perform special or topical research projects for department management as requested.
- Develop deep sector knowledge to anticipate cycles, trends, and structural changes that could impact the creditworthiness of municipal issuers in the portfolio.
- Participate in management discussions on credit risk and external economic and regulatory factors.
- Ensure compliance with federal and state laws and regulations and UNFCU’s Code of Ethics & Business Conduct.
- Bachelor’s degree in Public Policy or Public Administration with some course work in finance, economics, and accounting, or a Bachelor’s degree in Finance, Accounting, Economics, or related field. Graduate coursework or degree is a plus
- 2 years of experience in credit analysis and / or in credit research, within the municipal / public finance sector
- Proven ability to complete assignments independently, succinctly write credit reviews, and possess a drive to expand one’s understanding of the municipal bond markets
- Experience in analyzing and interpreting financial statements (CAFR), pension valuation reports, GASB, sector specific performance ratios, and the municipal bond market
- Experience in researching and interpreting demographic, socioeconomic, and property valuation data as well as identifying relevant information from issuer disclosures posted on emma.msrb.org and other sites
- Advanced MS Office skills, particularly MS Excel
- Proficient knowledge of Bloomberg
- Excellent oral and written communication skills and ability to summarize complex issues and relationships
- Ability to prioritize and manage many concurrent projects while adapting to new assignments as needed
- Ability to work independently and effectively with a self-directed creative approach and commitment to all assignments
Salary : $101,000 - $129,000
