Credit Analyst, Corporate Fixed Income - Hybrid

About the role

As a Credit Analyst on Symetra Investment Management’s Investment Grade (IG) Corporate Credit team managing approximately $50 billion AUM, you will perform rigorous fundamental credit analysis and develop investment recommendations that drive portfolio performance across our general account and growing affiliated mandates. You will own coverage of issuers across one or more industry sectors, present credit ideas with a well-developed thesis, and partner directly with Portfolio Managers and Traders on new issue allocation, relative value, and ongoing surveillance.

Responsibilities

• Perform fundamental credit analysis on IG corporate issuers within an assigned sector coverage universe, including financial modeling, capital structure analysis, covenant review, and ESG/event risk assessment.
• Formulate and defend investment recommendations supported by a clearly articulated thesis, robust financial analysis, and scenario evaluations.
• Evaluate relative value across the curve, capital structure, and peer group, surface actionable trade ideas to Portfolio Managers and Traders.
• Participate actively in the new issue process, including reading prospectuses, assessing value, and providing real-time recommendations on primary market participation.
• Conduct ongoing surveillance of covered names, including earnings analysis, rating agency action, M&A and event-driven catalysts, and emerging credit risks (regulatory, secular, AI-driven disruption, etc.).
• Present credits at portfolio reviews and team meetings; produce concise, decision-ready written research.
• Maintain coverage models, comp sets, and surveillance dashboards — and continuously look for ways to automate the repetitive parts so your time goes to analysis and judgment.
• Collaborate with Portfolio Managers, Traders, and the broader Symetra investment department on portfolio construction, risk management, and client-facing materials.

Requirements

• Bachelor’s degree in finance, economics, accounting, mathematics, or a related field is required.
• MBA and/or CFA designation (or meaningful progress toward CFA) is preferred but not required.
• 3+ years of corporate credit research experience on the buy side or sell side. Experience covering multiple sectors is a plus.
• Demonstrated ability to support an investment thesis with both quantitative and qualitative evidence, and to communicate it with conviction in writing and in person.
• Comfort with uncertainty and the willingness to make recommendations that are well-reasoned but inherently incomplete — credit is decision-making under imperfect information.
• Strong fundamental analysis toolkit: financial statement analysis, cash flow modeling, capital structure, covenant analysis, and relative value frameworks (spread, spread duration, credit curves).
• Proficiency with Bloomberg and Microsoft Office (Excel, Word, PowerPoint).
• Familiarity with Power BI is a plus.
• Prior hands-on AI experience is a plus but not a requirement.

Qualifications

• Intellectual curiosity, attention to detail, a high level of initiative, and a “get it done” work ethic that supports working under occasional inflexible deadlines.
• Ability to work cooperatively within a small team environment while interacting effectively with a broader group of investment professionals.

Skills

• Strong fundamental analysis toolkit: financial statement analysis, cash flow modeling, capital structure, covenant analysis, and relative value frameworks (spread, spread duration, credit curves).
• Proficiency with Bloomberg and Microsoft Office (Excel, Word, PowerPoint).
• Familiarity with Power BI is a plus.
• Prior hands-on AI experience is a plus but not a requirement.

Benefits

Company Overview: Symetra Investment Management (“SIM”) is a SEC-registered investment advisory firm with approximately $78 billion in assets under management as of March 31, 2025. Symetra Financial Corporation (“SFC”), a diversified financial services company with $68.4 billion in assets as of December 31, 2024, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is also 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, 2024) and has approximately 2.3 million customers and over 2,600 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 $327 billion of assets as of March 31, 2025. SIM currently has recently begun marketing its investment management services to third-party institutional investors.

Pay

Salary Range: $132,700 – $175,000 plus eligibility for annual bonus programs

Schedule

This is a hybrid role based in our Farmington, CT office (eight days per month in office).