Securitized Products Professional

Prospect Capital

Founded in 1988, Prospect Capital is an alternative asset management firm with $11.9B of assets under management, and pursues multiple strategies in the US, including direct lending, private equity, real estate private equity and structured credit. Prospect has permanent capital and utilizes a long-term, value-oriented approach that employs fundamental bottoms-up research to identify investments that offer attractive risk and reward.

 

With offices in New York City, Connecticut, and Florida, the firm is comprised of 100+ experienced professionals who value entrepreneurship, intellectual rigor, hard work and continuous improvement.

The Position

• Join the existing securitized products team to assist in sourcing, analyzing, and modeling new investment opportunities in both the primary and secondary markets in predominantly CLOs and ABS.
• Perform relative value analyses that will drive investment decisions across the structured credit spectrum.
• Assist in the portfolio management of the existing CLO portfolios totaling approximately $1.5B, including analyzing refinancings, resets, and redemptions.
• Analyze and evaluate investments across CLO debt and equity and various ABS asset classes
• Track and interpret market trends, regulatory developments, and macroeconomic factors affecting CLOs, ABS, and ABS collateral
• Develop and refine financial models to project securitized product cash flows, stress scenarios, and expected returns.
  

Desired Skills and Experience

• Prior experience working with CLOs and/or ABS, including direct investing, trading, or research experience.
• Sound understanding of the fundamental, legal, structural, and technical aspects of CLOs and ABS.
• Demonstrated track record of excellence in academic, professional, and personal endeavors.
• Strong modeling skills including in-depth knowledge of Intex and Excel is required.
• Familiarity with Bloomberg, Intex, Moody’s, and other structured credit analytics platforms.
• Highly detail-oriented with strong analytical and problem-solving skills to assess complex structured credit investments.
• Ability to work effectively under pressure in a fast-paced, dynamic investment environment.
• Collaborative team player, able to work across investment, research, and risk management teams.
• Strong organizational skills, with the ability to manage multiple priorities and deadlines simultaneously.
  

The anticipated annual base salary range for this position is $100,000 - $300,000 plus an annual discretionary performance-based bonus. Actual pay may be adjusted based on experience and performance. 

In addition to the base salary, the hired professional is eligible for comprehensive benefits, including 100% employer-paid premiums for medical, dental, vision insurance, life insurance, and AD&D. You'll also have access to pretax benefit accounts, including FSA, HSA, and Commuter accounts. Our perks go beyond the basics with a mentorship program, daily in-office paid breakfast and lunch, company-sponsored ski and sailing trips, and regular happy hours. Details of participation in these benefit plans will be provided if an employee receives an offer of employment.