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Investment Grade Credit Analyst
- T. Rowe Price (Baltimore, MD)
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At T. Rowe Price, we identify and actively invest in opportunities to help people thrive in an evolving world. As a premier global asset management organization with more than 85 years of experience, we provide investment solutions and a broad range of equity, fixed income, and multi-asset capabilities to individuals, advisors, institutions, and retirement plan sponsors. We take an active, independent approach to investing, offering our dynamic perspective and meaningful partnership so our clients can feel more confident.
We believe doing the right thing for our clients and our associates is good business . With a career at the firm, y ou can expect opportunities to create real impact at work and in your community. Y ou’ll enjoy resources to support your career path, a s well as compensation , benefits , and flexibility to enrich your life. Here, you’ll find a collaborative culture that respect s and valu e s differences and colleagues who share a spirit of generosity .
Join us for the opportunity to g row and make a difference in ways that matter to you .
Role Summary
The Investment Grade Credit Analyst will be responsible for the credit coverage of several major sectors and multiple individual company positions. The individual will research new issues and existing investment grade bonds as well as monitor the performance of portfolio holdings under assigned sector coverage.
Responsibilities
+ Conduct independent, fundamental credit research.
+ Analyze and explain economic, competitive, sector and political drivers that impact a borrower’s ability and willingness to repay its debt.
+ Interact with management teams, other credit analysts, rating agencies, sell-side analysts, and other TRP investment professionals, including Fixed Income, Equity and Responsible Investing analysts.
+ Create historical and projected financial models, analyzing key financial metrics to differentiate improving from deteriorating credits.
+ Assimilate and filter various sources of information to develop well-researched short- and long-term perspectives, resulting in the assignment of TRP credit ratings, investment conviction ratings, and investment recommendations incorporating the fundamental outlook on sectors and issuers.
+ Produce and communicate regular forecasts of bond performance in selected credits. Also develop and apply relative value metrics, seeking investments that generate above-average returns without excessive risk.
+ Consider investments from a global opportunity set, including across different currencies.
+ Communicate credit opinions and investment recommendations orally and in writing to Portfolio Managers, traders, other TRP analysts, credit and advisory committees and external clients. Work within often tight time constraints to discuss recommendations first-hand with Portfolio Managers based globally.
Qualifications
Required:
+ 5+ years of investment grade credit experience
+ Experience understanding and evaluating company creditworthiness.
+ Ability to make judgments based on market knowledge.
+ Experience with financial statement modelling and analysis.
+ Inquisitive nature, driven to excel in all aspects of the analytical process. Flexible, responsive and self-starting personality with keen attention to detail. Open-minded thought process and intellectual honesty.
+ Willingness to pursue and explore ideas and potential investment opportunities, supporting one’s ideas to questioning by Portfolio Managers and other analysts.
+ Excellent communication skills, written and verbal.
+ Self-starter who initiates and maintains active communication, especially with peers in other locations.
Preferred:
+ Previous coverage within Industrial, Healthcare or Consumer Sectors
+ CFA
FINRA Requirements
FINRA licenses are not required and will not be supported for this role.
Work Flexibility
This role is eligible for hybrid work, with up to one day per week from home.
Base Salary Ranges
Please review the job posting for the location of this specific opportunity.
$175,000.00-$275,000.00 for the location of: Maryland, Colorado, Washington and remote workers
$175,000.00-$275,000.00 for the location of: Washington, D.C.
$175,000.00-$275,000.00 for the location of: New York, California
Placement within the range provided above is based on the individual’s relevant experience and skills for the role . Base salary is only one component of our total compensation package . Employees may be eligible for a discretionary bonus, which is determined upon company and individual performance.
Commitment to Diversity, Equity, and Inclusion
At T. Rowe Price, our associates are our greatest asset. We thrive because our company culture is built on inclusion and because we sustain a work environment where associates can bring their best selves to work every day. The backgrounds, talents, and experiences of our global associates allow us to embrace new ideas and perspectives that move our business priorities forward and enable us to deliver strong client outcomes. Here, you can expect equal opportunity and fair and consistent treatment for all.
Benefits
We value your goals and needs, at work and in life. As an associate, you’ll be supported with resources , benefits , and work-life balance so you can thrive in ways that matter to you .
Featured employee benefits to enrich your life:
+ Competitive compensation
+ Annual bonus eligibility
+ A generous retirement plan
+ Hybrid work schedule
+ Health and wellness benefits, including online therapy
+ Paid time off for vacation, illness, medical appointments, and volunteering days
+ Family care resources, including fertility and adoption benefits
Learn more about our benefits. (https://www.troweprice.com/corporate/us/en/careers/benefits.html)
T. Rowe Price is an equal opportunity employer and values diversity of thought, gender, and race. We believe our continued success depends upon the equal treatment of all associates and applicants for employment without discrimination on the basis of race, religion, creed, color, national origin, sex, gender, age, mental or physical disability, marital status, sexual orientation, gender identity or expression, citizenship status, military or veteran status, pregnancy, or any other classification protected by country, federal, state, or local law.
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