Senior Corporate Credit Analyst

Timeframe to Apply: 1/06/2022- 2/06/2022
Senior Corporate Credit Analyst
NYSIF Investments - New York City
Salary: $175,000-$200,000

Description:
The New York State Insurance Fund (NYSIF), with over $20 billion of assets under
management, is seeking an experienced credit analyst to assist in managing its corporate bond
portfolio of approximately $8 billion. This position reports to the Chief Credit Officer. Salary will
be commensurate with experience.

Illustrative Duties:
Senior Corporate Credit Analysts are sector specialists who work closely with the Chief Credit
Officer and the corporate PM/trading team to identify sound investment opportunities within
their assigned sectors.

Specific duties may include, but are not limited to:
• Evaluate and monitor creditworthiness of corporate credits within assigned sectors
• Keep abreast of industry and market developments that could affect the credit portfolio
• Produce written reports on individual credits
• Conduct periodic reviews of assigned sectors, including the identification of industrywide
strengths, weaknesses, opportunities and threats, and likely implications for specific
credit positions
• Communicate with other buy-side, sell-side and rating agency analysts to enhance
perspective
• Review bond indentures, covenants and other terms related to bond offerings and
corporate actions
• Prepare financial models of material credit exposures, including “what-if” scenarios, to
critically assess creditworthiness and proactively minimize potential credit losses
• Respond in a timely manner to requests from NYSIF colleagues for credit opinions and
market perspective
• Assist the broader team on key initiatives, special projects, and other credit matters
• Collaborate with NYSIF colleagues to improve risk identification and monitoring tools
• Coordinate with NYSIF colleagues in investment operations, accounting, and other
enabling functions on portfolio positions, as needed
• Communicate with the PM, traders and other NYSIF colleagues on credit matters that
affect the portfolio.

Basic Qualifications:
Bachelor’s degree with strong academic qualifications; an MBA or CFA designation is preferred.
Candidate should have a minimum of 4-6 years of experience in corporate-credit analysis,
preferably at a “buy-side” institution.

Seeking candidates with the following attributes:
• Strong communication and financial modeling skills
• Motivated self-starter
• Familiarity with Bloomberg API

Primary Location: New York City
Travel: Minimal
Schedule: 9AM-5PM
Telecommuting: NYSIF has a telecommuting program

To Apply: Please email resume and cover letter to hrexec@nysif.com. If necessary, candidates
may also mail the information to: New York State Insurance Fund, 15 Computer Drive West,
Albany, NY 12205.

NYSIF was established in 1914 as part of the original enactment of the New York State
Workers’ Compensation Law. NYSIF's mission is to guarantee the availability of workers’
compensation insurance at the lowest possible cost to all New York employers and to foster
healthy outcomes with timely, appropriate indemnity and medical payments to injured workers,
while maintaining a solvent fund. For more than a century, NYSIF has fulfilled the dual roles for
which it was created: to compete with other carriers to ensure a fair marketplace and to be a
guaranteed source of coverage for employers who cannot secure coverage elsewhere.

NYSIF is the largest workers’ compensation carrier in New York State and among the 10 largest
in the nation, insuring more than 145,000 policyholders with over $1.4 billion in annual
premium and $20 billion in assets. A self-supporting insurance carrier, NYSIF operates without
taxpayer funding.

In addition to workers’ compensation insurance, NYSIF provides disability benefits coverage for
off-the-job injuries to more than 65,000 New York employers. In 2018, NYSIF added Paid
Family Leave as a component of its disability benefits solution providing New Yorkers with job protected paid time away from work to care for their families.

Please note the following New York State Civil Service employment information:
• Jurisdictional classification: Exempt
• Bargaining unit: Management/Confidential
• Civil Service title: Special Investment Officer