Senior Credit Research Analyst

We’re a FTSE 250 Financial Services company who specialise in retirement solutions and right now, our world is moving pretty quickly. With the defined benefit buy in / buy out space growing each year, Just continues to annually grow its business by over £4bn of assets.

We are a purpose driven company with compelling and credible goals. Quite simply, we help people achieve a better later life. We achieve this by providing competitive and innovative products, services, financial advice and guidance to help our customers achieve security, certainty and provide them with peace of mind in retirement.

That’s who we are. We’re a company on a mission : to become a beacon for the entire retirement industry. Because we believe everyone deserves a fair, secure, and fulfilling retirement.

Purpose

Along with the Investment Team (Team), the Credit Research Function (CRF) has grown significantly in order to help deliver Just’s strategic and operational objectives. The Team is managing internally an increasing amount of public bonds, while at the same time on-boarding more external asset managers. The CRF is quite critical for asset deployment as it provides, inter alia, credit fundamental expertise for most assets in our portfolio, either internally- or externally managed.

The CRF was for a long time integrated in terms of public and private research, but going forward, the structure of the team will change, with a delineation between liquid and illiquid assets being introduced. As part of the strategic refresh of the Public Credit Research function within the CRF, a Senior Credit Research Analyst will be one of the more senior members of a team with a broad portfolio of assets to cover and considerable new business premia to invest each year.

Job Role Accountabilities

Public Issuer Coverage

• Taking ownership of a coverage group of issuers, with responsibility for ongoing monitoring, including (among others) investment recommendations, credit notes and earnings updates
• Identifying and initiating coverage on issuers that are new to the portfolio, from an initial short-term recommendation through to a more comprehensive review within a defined time period
• Being assigned a number of sectors for which the senior analyst will be the specialist on within the team, including sector reviews, updates on relevant news and attending conferences or trainings to improve sector understanding
• Work closely with the broader investment team to proactively suggest trading opportunities whether they be focused around return enhancement, portfolio optimisation or credit mitigation
• Being a key stakeholder between the CRF and the Public Credit team who are responsible for liquid portfolio management
• Creating portfolio benchmarks to help suggest trade opportunities
• Occasionally working with the private assets team to share sector or issuer expertise in the context of illiquid asset transactions

Projects

MI Production

Examples of Key Activities

Skills and Knowledge

Experience

Why Just?

We are committed to building a more sustainable business and have publicly committed to reduce our scope 3 emissions to Net Zero by 2050 and our scope 1 and 2 emissions to Net Zero by 2025. We’ve made good progress so far and encourage our people to make small and meaningful changes in their everyday lives, so that we can protect our planet for future generations.

Diversity, Equity and inclusion (DE&I) is a key priority for Just as part of our overall strategy and ensuring all of our people feel proud to work at Just. We have joined a number of initiatives including the Race at Work Charter, designed to improve outcomes for employees from underrepresented backgrounds. We also run a Reciprocal Mentoring scheme for employees from a BAME background, those with a disability and those who identify as LGBTQ+. There are multiple employee network groups, which champion issues including race, gender, social mobility and neurodiversity.

What’s clear about working at Just is that we care. We care about our customers, our purpose, our environment, inclusivity, wellbeing and most importantly - each other.

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