Job Posting End Date: April 04
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- Award-winning culture
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- Performance Based Incentive Plans
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- Up to 9.5% 401(k) employer contribution
- Mental health support
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- Tuition reimbursement
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*All the benefits listed above are subject to the terms of their individual Plans.
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General Summary:
This position is responsible for researching taxable and tax-exempt municipal bond investments for a $5+ billion municipal credit portfolio. The individual will provide credit opinions and recommendations on municipal securities to Portfolio Managers, the Head of Research, and the Chief Investment Officer. These opinions and recommendations are utilized to evaluate risk and are the basis for buy/sell/hold decisions.
Principal Duties and Responsibilities
Credit Review and Analysis
- Assess credit quality of various municipal bond offerings issued by the municipal sectors using a variety of research tools including but not limited to Bloomberg, rating agencies, third-party research, EMMA, etc.
- Assign/maintain formal ratings (e.g., outlook, trading, ESG, etc.) on taxable and tax-exempt municipal securities and their respective sectors
- Monitor and make recommendations regarding exposures to respective issuers and municipal sectors
- For assigned issuers/sectors, provide written research reports and timely updates when appropriate
Credit Management and Trading Recommendations
- Maintain and develop research contacts and resources with a variety of street, and rating agency analysts
- Effectively communicate with and critically analyze comments of CEOs, CFOs and Investor Relations Officers within public finance
- Make investment recommendations on the purchase or sale of municipal bonds to the Head of Research and Portfolio Managers
- Monitor sector trends and developments such as legislative changes, rating agency outlooks, legal rulings, etc., which could impact the municipal market and/or municipal portfolio
- Assume responsibilities for special projects or other duties when required
Job Specifications
- Minimum Bachelor's degree required; MBA and/or CFA credentials preferred
- 2+ years relevant work experience in investments; solid knowledge of fixed income markets, economics and credit research required
- Experience with municipal securities/public finance preferred
- Strong written and verbal communications skills, with the demonstrated ability to quickly and effectively communicate ideas and recommendations
- Proficiency with Bloomberg and Microsoft Office tools, especially Excel; ability to learn new software
- Strong financial research skills, producing and maintaining quantitative financial models
- Excellent problem-solving skills, documentation skills and ability to thrive in a fast-paced environment
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Unum and Colonial Life are part of Unum Group, a Fortune 500 company and leading provider of employee benefits to companies worldwide. Headquartered in Chattanooga, TN, with international offices in Ireland, Poland and the UK, Unum also has significant operations in Portland, ME, and Baton Rouge, LA - plus over 35 US field offices. Colonial Life is headquartered in Columbia, SC, with over 40 field offices nationwide.
The base salary range for applicants for this position is listed below. Unless actual salary is indicated above in the job description, actual pay will be based on skill, geographical location and experience.
$60,500.00-$123,400.00
Additionally, Unum offers a portfolio of benefits and rewards that are competitive and comprehensive including healthcare benefits (health, vision, dental), insurance benefits (short & long-term disability), performance-based incentive plans, paid time off, and a 401(k) retirement plan with an employer match up to 5% and an additional 4.5% contribution whether you contribute to the plan or not. All benefits are subject to the terms and conditions of individual Plans.
Company:
Unum