Associate High Yield Credit Analyst - Hybrid (Farmington, CT)

Symetra has an exciting opportunity to join our team as an Associate High Yield Credit Analyst with a hybrid schedule!

About the role

The Associate Credit Analyst role requires 0-3 years of experience preferably in credit research, equity research, investment banking or private equity. The Associate Credit Analyst will be an integral member of the newly formed High Yield and Bank Loan group in SIM. The team invests in high yield bonds, bank loans, derivatives and other credit instruments. The Associate Credit Analyst will work closely with senior analysts on the team to develop the necessary skillset to perform extensive fundamental credit analysis, and advance to being responsible for single name views and sector coverage on corporate issuers in the US High Yield and Leveraged Loan markets. The ideal candidate is self-motivated, intellectually curious, enjoys an innovative and collaborative environment, has a basic understanding of investment concepts with excellent analytical, writing, communication and computer skills. CFA is a plus.

Company Overview

Symetra Investment Management ("SIM") is a SEC-registered investment advisory firm with approximately $75 billion in assets under management as of December 31, 2023. Symetra Financial Corporation ("SFC"), a diversified financial services company with $59 billion in assets as of December 31, 2022, headquartered in Bellevue, Washington is the sole shareholder of SIM. SFC is 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, 2022) and has approximately 1.7 million customers and over 2,200 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 $319 billion of assets as of March 31, 2023. SIM currently plans to enter the third-party investment management market in the short to intermediate term.

What you will do

• Evaluating company fundamentals and industry trends, key operating metrics, business quality, competitive positioning, and valuation.
• Developing investment theses and recommendations on single names, working with portfolio managers to monitor and rebalance the portfolios.
• Identifying investment ideas across a companies' capital structure on primary and secondary opportunities.
• Writing research reports on single names and identifying sector trends and outlooks.
• Performing due diligence on corporate borrowers including analyzing credit agreements, attending management meetings with corporate borrowers, investment banks and other company stakeholders as required.
• Talk directly with members of issuers' management team as part of due diligence process.
• Focus initially will be on trade support through the entire trade lifecycle - which includes trade entry, addressing trade breaks, reporting.
• Updating and enhancing models and screens.
• Developing relationships with operations, reporting, and compliance to ensure efficient resolutions of issues.
• Gathering and disseminating new issue and market news/events.
• Develop an understanding of fixed income trading, trade protocol, trading platforms and tools, best execution.
• Develop relationships with our trading counterparties.
• Eventually backup senior trader on trade execution.

Why work at Symetra

"If you want to invest in yourself and build a career, this is a great place to work. If you don't want to put in the effort to learn the industry and become a student of the business (it takes real effort!), there are easier places to work." Cris H. - AVP Internal Sales, Training and Development

"Symetra is inclusive of all employees regardless of their personal differences." Darrell J. - Actuary III

"Symetra values learning. Symetra has so many resources - whether that is the Student of the Business courses, sponsorship of professional certifications, or just individual employees being so willing to teach and answer questions." Felicia D. - Financial Reporting Lead Senior Analyst

What we offer you

We don't take a "one-size-fits-all" approach when it comes to our employees. Our programs are designed to make your life better both at work and at home.

• Flexible full-time or hybrid telecommuting arrangements
• Plan for your future with our 401(k) plan and take advantage of immediate vesting and company matching up to 6%
• Paid time away including vacation and sick time, flex days and ten paid holidays
• Give back to your community and double your impact through our company matching
• Want more details? Check out our

Compensation

Salary Range: $110,300 - $183,800 plus eligibility for annual bonus program

Who you are

• BA/BS required. Open to working toward CFA designation.
• Candidate will have 0-3 years of experience preferably in credit research, equity research, investment banking or private equity.
• Analytical, quantitative and basic financial modeling skills.
• Good communication skills, both written and verbal.
• Detail oriented with good organizational skills.
• Excellent computer skills and proficient in Microsoft Excel, PowerPoint and Word. Familiarity with Bloomberg a plus.
• Interest in and ability to work collaboratively and collegially both within a team and across various teams within a broader investment organization.

Note: This position is in Farmington, CT and it will be a hybrid work environment.

We empower inclusion

At Symetra, we aspire to be the most inclusive insurance company in the country. We're building a place where every employee feels valued, respected, and has opportunities to contribute. Inclusion is about recognizing our assumptions, considering multiple perspectives, and removing barriers.

We accept and celebrate diverse experiences, identities, and perspectives, because lifting each other up fuels thought and builds a stronger, more innovative company. We invite you to learn more about our efforts .

Creating a world where more people have access to financial freedom

Symetra is a national financial services company dedicated to helping people achieve their financial goals and feel confident about the future. In our daily work, we're guided by the principles of Value, Transparency and Sustainability. This means we provide products and services people need at a competitive price, we communicate clearly and openly so people understand what they're buying, and we design products-and operate our company-to stand the test of time. We're committed to showing up for our communities, lifting up our employees, and standing up for diversity, equity and inclusion (DEI). Join our team and help us create a world where more people have access to financial freedom.

For more information about our careers visit:

Work Authorization

Employer work visa sponsorship and support are not provided for this role. Applicants must be currently authorized to work in the United States at hire and must maintain authorization to work in the United States throughout their employment with our company.

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