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Ohio - Columbus, One Nationwide Plaza
Source: Nationwide Insurance careers · View original posting
From Nationwide Insurance's posting. “We” and “our” refer to the employer.
As a team member in Finance at Nationwide, a Fortune 100 company with nearly $70 billion in annual sales, the opportunities are endless! Let Nationwide help create your career journey! At Nationwide®, “on your side” goes beyond just words. Our customers are at the center of everything we do and we’re looking for associates who are passionate about delivering extraordinary care.
Distressed Debt Analyst
The Distressed Debt Analyst is an important contributor on the Leveraged Finance team reporting to a Senior Investment Professional.
The analyst will work alongside analysts, traders, and portfolio managers across Nationwide’s investment platform, and will be primarily focused on public and private debt investments in various stages of financial stress. This is a great opportunity for an experienced investment professional to drive workout and restructuring capabilities within the investment process. The analyst will partner with team members in framing downside sensitivity analyses on performing investments as well as drive the process on distressed and other
special situations.
Key skills and responsibilities for this role include:
Provide investment recommendations and insights on special situations across sectors for both existing holdings and new opportunities as appropriate. Areas of focus will include identifying initial indications of fundamental deterioration, restructuring, reorganization, bankruptcy, and workout situations.
Produce base case and downside fundamental forecasts, valuation analyses, and recovery expectations.
Possess a strong legal acumen and knowledge of relevant legal documents (bond indentures, credit agreements, etc.).
Demonstrate proficient knowledge of corporate and debt structuring, including bank loans.
Engage with market participants, street analysts, and the restructuring advisor/attorney community.
Lead investment team engagement with the in-house legal team.
Provide regular updates to the portfolio managers, analysts, and traders on all pertinent news items.
The hired associate must reside within 35 miles of the following location:
Columbus: One Nationwide Plaza, Columbus OH, 43215
Work schedule: 3 days in office, 2 days remote.
This role does not qualify for employer sponsored work authorization. Nationwide does not participate in the STEM OPT extension program.
Job Description Summary
Nationwide Investments employs a research-driven, team-oriented, and results-focused investment process to manage our clients’ portfolios. Credit Research is one of three critical functions in the investment process, along with Portfolio Management and Trading. As a Senior Investment Analyst on our High Yield Credit Research team, you will be responsible for identifying, analyzing, and recommending investments within the High Yield bond market.
Senior Research Analysts also have responsibility for driving and monitoring investment strategies in their assigned sectors.
Job Description
Nationwide pays on a geographic-specific salary structure and placement within the actual starting salary range for this position will be determined by a number of factors including the skills, education, training, credentials and experience of the candidate; the scope, complexity and location of the role as well as the cost of labor in the market; and other conditions of employment. If a Sales job, Sales Incentives, based on performance goals are possible in addition to this range.
Note on Compensation for Part-Time Roles: Please be aware that the salary ranges listed below reflect full-time compensation. Actual compensation may be prorated based on the number of hours worked relative to a full-time schedule.
The national salary range for Senior Investment Analyst : $106,500.00-$177,500.00
The expected starting salary range for Senior Investment Analyst : $106,500.00-$177,500.00
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