27 days old

ABS Analyst

Guggenheim Partners
Santa Monica, CA 90401
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Guggenheim Partners

Guggenheim is an equal opportunity employer and all qualified applicants will receive consideration for employment without regard to race, color, religion, gender, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.

ID: 2020-1178
Category: Asset/Investment Management
Position Type: Regular Full-Time


About the Position

Guggenheim Partners is seeking an ABS Analyst to join its Structured Credit group. The ABS Analyst will be responsible for leading and assisting in the collateral and structural review of ABS transactions. The ABS Analyst will also be responsible for credit surveillance for existing positions, maintaining awareness of relevant industry developments, and developing and producing credit risk reports for sector lead and senior management. The position is located in Santa Monica, CA.


Specific Responsibilities Include
  • Analyze ABS investments across following sectors: Auto, Consumer Loan, Equipment, Floorplan, Solar, Equipment, Timeshare, Container, Railcar, and Whole Business
  • Review transaction documents to understand key attributes related to payment waterfall, reserve accounts, asset dispositions, performance triggers, and rights and authorities of key parties. Maintain knowledge of market terms and pricing to support efficient comparisons and negotiation of deal terms
  • Utilize GPIM underwriting guidelines, deal-specific cash flow modeling, and review of deal terms, as well as all available sources of information (e.g., offering/governing documents, roadshows, published research, news, financial reporting, rating agency reports, and market color) to create clear, comprehensive, and authoritative credit memoranda
  • Assist in development of ad-hoc research notes, credit memos and monthly/quarter credit reporting for ABS positions. Assist in and conduct presentations to Investment Committee
  • Perform credit surveillance of existing investments and relevant industry exposures, including reviewing ABS investor reports and third party research, following news and developments, and interacting with internal/external subject matter experts
  • Participate in issuer, servicer, and manager meetings/calls to maintain knowledge of market developments and industry practices. Conduct high frequency monitoring of lessee, operator, guarantor, and manager news and industry developments
  • Research and recommend credit sells and other loss mitigation actions
  • Maintain updated cashflows and analytics for existing investments. Support ABS trading with timely refreshing of deal cashflows and key structural terms
  • Develop comprehensive understanding of GPIM models for risk and exposure reporting. Execute, maintain, and enhance those models


Skills & Experience Required
  • 2-4 years of research experience in traditional and esoteric ABS sectors
  • CFA designation preferred or equivalent educational background
  • Strong financial modeling skills. Understanding of credit considerations and ability to evaluate financial statements
  • Outstanding initiative and strong work ethic
  • Intermediate to advanced Excel and financial modeling skills. Proficiency with standard finance applications such as Intex, MS Office, Yieldbook, Blackrock Solutions, etc
  • Excellent interpersonal and communication skills. Ability to collaborate in team setting and work independently
  • Ability to multi-task across analytical, administrative, and research activities in a detail oriented and timely manner
  • Strong commitment to performance and accuracy of work product

About the Firm

About Guggenheim Investments

Guggenheim Investments is the global asset management and investment advisory division of Guggenheim Partners, with expertise in fixed income, equity, and alternative strategies. We focus on the return and risk needs of insurance companies, corporate and public pension funds, sovereign wealth funds, endowments and foundations, consultants, wealth managers, and high-net-worth investors. Our team of investment professionals performs rigorous research to understand market trends and identify undervalued opportunities in areas that are often complex and underfollowed. This approach to investment management has enabled us to deliver innovative strategies providing diversification opportunities and attractive long-term results.

Posted: 2020-11-06 Expires: 2020-12-08

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ABS Analyst

Guggenheim Partners
Santa Monica, CA 90401

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