ERS - High Yield Portfolio Manager
CAPPS, Inc., Austin, TX, United States
High Yield Portfolio Manager
ERS is seeking a High Yield Portfolio Manager to perform highly advanced (senior-level) portfolio management of the internal high yield fixed income credit portfolio. Work involves contributing to macro strategy decision making, portfolio analysis and structuring, and industry and security selection and forming and maintain relationships with trading counterparts. Independently identifies, researches, analyzes and evaluates appropriate high yield fixed income investment opportunities while adhering to group investment principles. Develops and communicates investment rationales. Requires a high level of cooperation and coordination with other members of the Public Credit Team. Independently executes trades within the high yield fixed income market with approval counterparties. Essential responsibilities include, but are not limited to: independently identifies investment opportunities in accordance with group investment principles, portfolio goals, and guidelines from both the primary and secondary markets. Communicates investment rationales, both orally and in writing and maintains documentation supporting investment recommendations. Monitors and evaluates credit market conditions including primary issuance, secondary market liquidity, nature of risk taking, and creditworthiness trends. Responsible within supervisor's guidelines for portfolio management of the internal high yield fixed income portfolio within guidelines, parameters and restrictions established by the ERS Investment Policy and contributes to the achievement of return, volatility, and other investment goals. Achieves best execution. Contributes to group discussions regarding economic, regulatory, market and political developments and their potential impact on ERS portfolios. Maintains a professional relationship with brokers and other vendors, initiates and maintains supporting sell-side analyst and counter-party contacts, and participates in the evaluation of broker performance for the purpose of allocating trades. Required minimum qualifications: graduation from an accredited four-year college or university with a major in finance, economics, accounting, or a related field. Ten (10) years of experience in high yield fixed income portfolio management. Preferred qualifications: master's degree in real estate, business, finance, economics or accounting; or graduate studies in finance. Designation as Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CFA) or current participation in the CFA and/or CAIA program. Experience working in an institutional investment environment. Experience conducting fundamental securities analysis. Experience delivering oral presentations to groups as part of regular job duties. Experience using financial and analytical tools such as Bloomberg, FactSet, Barra, Excel, Word, or similar platforms.
ERS is seeking a High Yield Portfolio Manager to perform highly advanced (senior-level) portfolio management of the internal high yield fixed income credit portfolio. Work involves contributing to macro strategy decision making, portfolio analysis and structuring, and industry and security selection and forming and maintain relationships with trading counterparts. Independently identifies, researches, analyzes and evaluates appropriate high yield fixed income investment opportunities while adhering to group investment principles. Develops and communicates investment rationales. Requires a high level of cooperation and coordination with other members of the Public Credit Team. Independently executes trades within the high yield fixed income market with approval counterparties. Essential responsibilities include, but are not limited to: independently identifies investment opportunities in accordance with group investment principles, portfolio goals, and guidelines from both the primary and secondary markets. Communicates investment rationales, both orally and in writing and maintains documentation supporting investment recommendations. Monitors and evaluates credit market conditions including primary issuance, secondary market liquidity, nature of risk taking, and creditworthiness trends. Responsible within supervisor's guidelines for portfolio management of the internal high yield fixed income portfolio within guidelines, parameters and restrictions established by the ERS Investment Policy and contributes to the achievement of return, volatility, and other investment goals. Achieves best execution. Contributes to group discussions regarding economic, regulatory, market and political developments and their potential impact on ERS portfolios. Maintains a professional relationship with brokers and other vendors, initiates and maintains supporting sell-side analyst and counter-party contacts, and participates in the evaluation of broker performance for the purpose of allocating trades. Required minimum qualifications: graduation from an accredited four-year college or university with a major in finance, economics, accounting, or a related field. Ten (10) years of experience in high yield fixed income portfolio management. Preferred qualifications: master's degree in real estate, business, finance, economics or accounting; or graduate studies in finance. Designation as Chartered Financial Analyst (CFA) and/or Chartered Alternative Investment Analyst (CFA) or current participation in the CFA and/or CAIA program. Experience working in an institutional investment environment. Experience conducting fundamental securities analysis. Experience delivering oral presentations to groups as part of regular job duties. Experience using financial and analytical tools such as Bloomberg, FactSet, Barra, Excel, Word, or similar platforms.