Analyst - High Yield / Leveraged Loans Public Asset Group

Allstate Investments Analyst

At Allstate, great things happen when our people work together to protect families and their belongings from life's uncertainties. And for more than 90 years our innovative drive has kept us a step ahead of our customers' evolving needs. From advocating for seat belts, air bags and graduated driving laws, to being an industry leader in pricing sophistication, telematics, and, more recently, device and identity protection.

As part of Allstate Investments' Below Investment Grade (BIG) exposure, we invest in high yield bonds and broadly syndicated bank loans for Allstate general accounts. We also manage Collateralized Loan Obligations (CLOs) under the AIMCO name. Our people, process, and the broader Allstate enterprise have been key ingredients to our collective success. We win with a collaborative team effort anchored by our proprietary credit process, which has led to a strong performance track record through investment cycles across all mandates. Allstate Investments' Public Asset Group is seeking an analyst to join our credit research team as a generalist that supports our High Yield / Leveraged Loan (CLOs) mandates.

The analyst role involves underwriting leveraged credit investments and making recommendations based on a thorough understanding of industry and company fundamentals, as well as valuation. Our process is very team-oriented, so the ability to work well within the group is critical. The goal of the research team is to help deliver the best possible results for our clients. This job involves working closely with portfolio managers, developing investment themes, credit analysis and relative value recommendations.

Responsibilities include :

• Perform quantitative and qualitative analysis to support the underwriting of potential investment opportunities through our proprietary credit process.
• Consistently affirming recommendations to Portfolio Managers that drive relative return performance as valuation shifts.
• Contributing to the improvement of the overall investment process by continually exploring new ideas, processes and technologies that will benefit the group.
• Provide support for internal and external communications on an as-needed basis.

Challenges within the first 12 months include :

Professional background and experience :

Skills required :

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Leadership requirements and personal traits :

Compensation and benefits package will be provided, including an attractive base salary and an annual target bonus opportunity based on the company's and the individual's performance. Additionally, Allstate offers a diversity of competitive benefits programs and resources : comprehensive health care plans, dental coverage, vision coverage, and flexible spending accounts; group legal, AD&D, group and dependent life insurance, as well as long-term and short-term disability; 401K; tuition reimbursements for further education opportunities; paid time off days; shuttle service from nearby public transportation.