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AVP, Senior Research Analyst, Private Placements, HIMCO

Company: The Hartford
Location: Hartford
Posted on: January 8, 2022

Job Description:

AVP, Senior Research Analyst, Private Placements, HIMCO You are a driven and motivated problem solver ready to pursue meaningful work. You strive to make an impact every day & not only at work, but in your personal life and community too. If that sounds like you, then you've landed in the right place. The AVP, Senior Research Analyst, Private Placements (the AVP), will help manage and grow HIMCO's -$7B Private Placements portfolio. The AVP will participate in evaluating investment opportunities in primarily investment-grade debt of US and cross-border companies. The AVP will underwrite and evaluate investment opportunities for the sector and participate broadly in overall sector investment selection. The AVP will be responsible for research and analysis of the companies; making investment recommendations; evaluating value vs. comparable investments; negotiating legal documentation; and managing certain credits within the private placement investment portfolio. The AVP will be based out of our Hartford, CT office; regionally based candidates may also be considered.Responsibilities:

  • Evaluate private placement debt instruments mainly investment-grade but also may include some non-investment grade and structured debt instruments. This will include:
    • Conducting research, credit analysis and related due diligence on new investment opportunities and developing and presenting recommendations to the investment committee.
    • Working closely with the legal department, negotiating the deal structure with attorneys, investors, and senior lenders, and understanding and navigating legal documents, including occasionally, inter-creditor agreements.
    • Build and maintain a consistently strong investment track record over an extended time frame.
    • Maintain existing and develop new relationships with investment intermediaries to generate investment opportunities.
    • Participate in the amendment/waiver review and negotiation process for ongoing portfolio investments which may include credit restructurings or distressed situations.
    • Manage a portion of the private placement portfolio and Prepare ongoing surveillance reports and presentations covering credit updates and trends
    • Monitor markets and regulatory environment for trends that could impact investment opportunities or the existing portfolio.
    • Build out resources to support professional development and acquire knowledge skills and experience to assume increased responsibilities and autonomy. -
    • Support Sales and Client Services related to existing clients and potential clients.
    • Provide and support internal ratings.
      - -Qualifications:
      • Minimum of five years of related experience in investment management or financial services, with a minimum of three years' experience in private placement investment or similar instruments. Experience with infrastructure and/or project finance desirable; credit training experience preferred.
      • Demonstrated:
        • Ability to develop and work with financial models
        • Ability to work both independently and collaboratively as a member of a team
        • Sound investment judgment and negotiation skills
        • Outstanding verbal and written communication skills
        • Experience in underwriting and structuring transactions in project finance and infrastructure or similar instruments preferred.
        • Ability to achieve desired results
        • Bachelor's degree required; MBA and/or professional/graduate qualification in an investment-related discipline preferred
        • Able and willing to travel as required
          -About the Firm:
          Hartford Investment Management Company (HIMCO) is the asset management arm of The Hartford Financial Services Group, Inc. (The Hartford). HIMCO is an insurance asset manager with over $100 billion in assets under management across the global fixed income, equity, and alternatives markets (as of June 30, 2021). The firm manages assets on behalf of The Hartford, as well as insurance, sub-advisory and other institutional clients.The Private Placement Group of HIMCO has been an investor in private placements markets for over 25 years. The Group manages over $7 billion in assets for The Hartford insurance and affiliated accounts and external third-party clients. Investments are primarily investment-grade corporate bonds but include certain non-investment grade and structured securities. The Group employs a buy and hold approach to investing by identifying relative value through credit, price, and structure. The Group is focused on capturing illiquidity premium over comparably rated public corporate bonds and adding value through structure. The Group has experienced team that is well known and trusted in the private placement industry.The Hartford is a Fortune 200 company, with approximately 18,500 employees worldwide. The company is a leading provider of property and casualty insurance, group benefits, mutual funds, and other investment products. At The Hartford, we are committed to practicing our business in a sustainable way. We work to address environmental, social, and economic needs and to do the right thing for our stakeholders. As a condition of your employment for HIMCO, you will be required to affirm to HIMCO's Code of Ethics and understand that you will be required to comply with the disclosure of accounts, holdings and pre-clearance of trades for the accounts of you and your household family members as more fully described in the Code of Ethics Key Points. If you will be deemed to be a "Covered Associate" under HIMCO's Pay to Play Policy, you will also need to disclose all political contributions that you have given within the past 2 calendar years. CompensationThe listed annualized base pay range is primarily based on analysis of similar positions in the external market. Actual base pay could vary and may be above or below the listed range based on factors including but not limited to performance, proficiency and demonstration of competencies required for the role. The base pay is just one component of The Hartford's total compensation package for employees. Other rewards may include short-term or annual bonuses, long-term incentives, and on-the-spot recognition. The annualized base pay range for this role is:-BenefitsOur company's success is due to our employees' dedication and passion for their work. They are our greatest asset. That's why we are committed to offering employees and their families a comprehensive benefits package and award-winning well-being programs. By helping our employees achieve their full potential, we unlock our own. Visit https://www.thehartford.com/careers/benefits for details. Equal Opportunity Employer/Females/Minorities/Veterans/Disability/Sexual Orientation/Gender Identity or Expression/Religion/Age Asst Portfolio Mgr-Prvt Plcmt - 78204A Human achievement is at the heart of what we do. We believe that with the right encouragement and support, people are capable of achieving amazing things. We put our belief into action by ensuring individuals and businesses are well protected, and by going even further - making an impact in ways that go beyond an insurance policy. Nearly 19,000 employees use their unique talents in careers that span a variety of disciplines - from developing the latest technology to creating and promoting our products to evaluating future financial risks. We're also committed to programs that drive education and support volunteerism, which put human beings first. We do it because it's the right thing to do, and because when our customers, communities and employees succeed, we all do.

Keywords: The Hartford, Hartford , AVP, Senior Research Analyst, Private Placements, HIMCO, Accounting, Auditing , Hartford, Connecticut

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