Rothesay is the UK's largest pensions insurance specialist, purpose-built to protect pension schemes and their members' pensions. With over £68 billion of assets under management, we secure the pensions of more than one million people and pay out, on average, approximately £200 million in pension payments each month.
Rothesay is dedicated to providing excellence in customer service alongside prudent underwriting, a conservative investment strategy and the careful management of risk. We are trusted by the pension schemes of some of the UK's best known companies to provide pension solutions, including British Airways, Cadbury, the Civil Aviation Authority, the Co-Operative, Morrisons, Smiths Industries and Telent.
At Rothesay, we are striving to transform our industry. We believe deeply in creating real security for the future and our leadership in finding new and better ways to do that is the key to our success. To do that, we need the very brightest original thinkers to bring creativity as well as rigour. Rothesay is a rewarding place to work, where quality people can thrive and prosper. We pride ourselves on the connections our people build, many of whom have been with us for over ten years.
Job title: Investment Analyst (NYC/partial Work-from-home capabilities)
Contract: Permanent
Salary: $180,000-220,000
The Team:
Rothesay Asset Management, NA is looking for an Investment Analyst to join the US Public Finance team. The team provides asset origination, portfolio management, trading, credit surveillance, underwriting, and ESG expertise to the growing US Public Finance business. Rothesay Asset Management, NA is a subsidiary of Rothesay Life, the UK's largest pension insurance specialist.
The ideal candidate will have previous experience in the US not-for-profit healthcare sector where they will have established strong relationships, acquired exceptional analytical/credit research skills, a deep understanding of credit ratings and legal analysis, and relative value acumen. An innovative and collaborative team member, this role will contribute to identification and evaluation of prospective investment opportunities and portfolio surveillance; effectively communicating ideas and findings.
Principal Responsibilities:
- Collaborate with the US Public Finance team on underwriting healthcare market opportunities.
- Perform in-depth investment analysis for a growing municipal bond platform including qualitative and quantitative credit research, ratings evaluation, scrutiny of bond security packages and capital structures, financial statement analysis, pro-forma modelling (three-statement, stress cases, covenant tests), development and upkeep of credit databases, policy and event monitoring.
- Relative value tracking and identification of investment opportunities.
- Timely portfolio surveillance and coordination of due diligence exercises (internal and external) to assist in firm risk management.
- Utilize existing and cultivate new public finance relationships to enhance deal flow and establish partnerships with key stakeholders.
- Work closely with internal teams, including other investment professionals, legal, and credit, to structure, present, and execute successful transactions.
- Previous not-for-profit healthcare experience ideally covering credit/rating analysis, structuring, and/or high yield.
- Deep understanding of bond security packages and identifying key legal or structural risks.
- Knowledge of the municipal markets and ability to identify relative value opportunities.
- Existing relationships with borrowers, bankers, financial advisors, consultants, rating agencies and developers within the not-for-profit healthcare industry.
- Strong critical thinker with the ability to process and quickly summarize large amounts of financial, written and numerical data, delivering implications for an investment.
- Organized and detailed oriented with ability to multi-task in a fast-paced environment.
- Hard-working, innovative, self-starter with an ability to creatively solve problems and a passion for investing.
- High proficiency in Microsoft Excel, Bloomberg, data analysis, and financial modelling.
- Bachelor's or master's degree with concentration in finance; CFA a plus.
- Dedication to role - Motivated to provide an effective support service across all facets of role
- Team Player - Demonstrates evidence of being a strong team player, collaborates well with others and encourages other admin team members
- Communication - Ability to communicate what is relevant and important in a clear, constructive and concise manner
- Organised - Ability to work under pressure and prioritise workload in a fast-paced environment. Ability to work autonomously with limited supervision
- Creative and innovative - Looks for ways to improve current processes and help develop creative solutions that have practical value for the admin team
- Judgement and Problem Solving - Proactive, sees the big picture and willing to be flexible to solve issues as they arise