Municipal Credit Analyst (LAM)

📁
Investment Management
📅
210540 Requisition #

Lazard Asset Management now operates from 22 cities across 16 countries. Our investment personnel manage US $235 billion across a wide range of global, regional and country-specific strategies - both traditional and alternative - in listed equity and fixed income. At Lazard Asset Management, we pride ourselves in balancing the feel of a small firm with the scale of a large global organization.  Our entrepreneurial culture and flat management structure foster an environment in which good ideas can take flight, no matter where they come from.

 

The Role

The US Fixed Income team, with nearly $6B in AUM, is looking for a seasoned municipal credit analyst.  The candidate will be an integral part of a dynamic fixed income investment team, sit on the trading desk and be the lead resource for public finance credit analysis.  The primary responsibility of the position is the credit analysis and surveillance of nearly $1B of municipal securities (taxable and tax-exempt) for portfolios managed by the U.S. and Global Fixed Income teams.  Portfolios include separately managed accounts as well as commingled funds for the benefit of institutional and high net worth clients over multiple tax-exempt and US and global taxable strategies. 

The candidate will be responsible for timely fundamental credit research, which integrates ESG, rating and surveillance of tax-exempt issuers across all sectors and the rating spectrum. The candidate will assist in marketing efforts and collaborate on cross-asset strategies. 

The candidate will report directly to the portfolio manager responsible for the tax-exempt strategies.

 

Key Responsibilities

  • Assign internal ratings and outlooks for potential purchases. 
  • Effectively communicate new credit views, insights and recommendations.
  • Monitor all holdings for recent news, financial statements, and rating changes.
  • Active and timely surveillance in a fast-paced, market-driven environment.
  • Evaluate industry trends into actionable investment recommendations.
  • Proactively identify investment ideas across coverage sectors.
  • Ongoing relative value assessment of existing portfolio positions.
  • Lead the municipal ESG integration process.
  • Assisting in gathering and creating content for marketing and client service presentations.

Qualifications

  • 5+ years prior experience in municipal credit analysis, including knowledge of municipal and corporate accounting methodologies
  • Bachelor’s Degree required
  • Strong analytical and quantitative skills
  • Expertise in Excel, PowerPoint, Bloomberg, and database systems
  • Strong technical and analytical skills including financial modeling

Diversity and Inclusion at Lazard

Lazard is an intellectual capital business focused on delivering the best advice and solutions to clients. Achieving these objectives requires us to identify, develop and retain the best talent. A workforce comprised of people with varied backgrounds and experiences creates a rich diversity of thought that empowers us to challenge conventional wisdom, as diverse perspectives lead to better decisions.

 

Our appreciation of diversity’s strength is ingrained in our multi-cultural heritage. As a global firm that has grown organically from local roots in different countries, we have a deep tradition of respect for individual differences, which has been core to our success for several decades.

 

The ongoing cultivation of diversity and an inclusive, equitable culture are essential to our continued growth. We are committed to sustaining an environment in which all employees – regardless of socioeconomic status, race, color, nationality, religion, gender, sexual orientation, physical abilities, veteran or military status – can bring their whole selves to work to maximize their individual potential and our collective success.

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