Research Analyst III

With more than 7,000 employees, we are the largest health insurance company in Michigan. We offer an exciting work environment with a diverse group of employees. Our goal is to make health insurance easier for our members. We want to transform the industry and become a resource that people can trust.

Detroit, MI

Blue Cross Blue Shield of Michigan

When you think of <a href="https://www.bcbsm.com/" target="_blank" rel="noopener noreferrer">Blue Cross Blue Shield of Michigan</a> for health insurance, you can know you&rsquo;re getting much more. We're a company founded on a tradition of affordable, quality health care for everyone, improving the present and investing in the future.&nbsp;<br /><br />We offer:<br />Plans for employers and individuals that meet today&rsquo;s needs, budgets and lifestyle<br />The largest network of doctors and hospitals in the state<br />Lower health care costs Higher quality health care<br />Award-winning diversity practices<br />Grants and programs that promote better health throughout Michigan<br /><strong><br />Mission:&nbsp;</strong>We commit to being our members&rsquo; trusted partner by providing affordable, innovative products that improve their care and health.<br /><br /><a href="http://www.bcbsm.com/index/about-us/our-company.html" target="_blank" rel="noopener noreferrer"><strong>Click here</strong></a> to learn more about our commitment to our Social Mission, view company updates and reviews, and view our awards &amp; accolades.<br /><br />For Application Timeline &amp; Selection Process:&nbsp;<a href="https://s3.amazonaws.com/data.vizirecruiter.com/Images/BCBSMCareers+-+Quick+Reference+Guide.pdf" target="_blank" rel="noopener noreferrer">Click Here</a>. Learn more about your options as an external candidate. <a href="https://ejko.fa.us2.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_3/requisitions" target="_blank" title="BCBSM" rel="noopener noreferrer">Click here</a> to view open positions. http://www.bcbsm.com

keywords: job description,research,insight,other duties,education & experience,skills

Full-time

Competitive Total Compensation Package

Overview: The Research Analyst is a critical contributor to the company&rsquo;s internally managed investment portfolios. Through thoughtful and comprehensive research and analysis, this position seeks to generate value-adding recommendations for the Investment Grade and High Yield fixed income portfolios.
Responsibilities: <ul> <li>Analyze investment opportunities and make recommendations on fixed income securities, including Investment Grade and High Yield corporates, US government securities, and various securitized products.</li> <li>Provide fundamental research and analysis on IG and HY corporate issuers, including financial modeling, indenture/covenant analysis, security analysis, and management conference calls.</li> <li>Collaborate with Portfolio Managers to develop relative value insight in assigned sectors and issuers, focusing on generating outperformance through superior security selection.</li> <li>Compose summary credit write-ups for new and existing corporate bond positions.&nbsp;</li> <li>Conduct macroeconomic research, including the evaluation of economic growth and inflation expectations and the impacts on yield curve shape and direction</li> <li>Engage with sell-side counterparties (sales, trading, research) to develop deep relationships, improve information access and maximize value-adding opportunities</li> <li>Occasionally backup Portfolio Managers with trade execution</li> <li>Additional responsibilities may include assisting with collateral management, trade settlement, security transfers, and other cash management or custodial issues.</li> <li>Act as liaison between investment accounting and portfolio management.&nbsp;</li> <li>Maintain and monitor the Blackrock Aladdin system for accuracy of positions and portfolio characteristics.&nbsp;</li> <li>Create and deliver presentations for various internal strategy and oversight meetings.</li> </ul>
Requirements: <br /> <ul> <li>Bachelor's Degree in Finance or related field is required. MBA preferred.</li> <li>Five (5) to six (6) years relevant investment experience.</li> <li>Experience with High Yield research and prior exposure to derivatives preferred</li> <li>CFA designation or progress towards CFA preferred.&nbsp;</li> <li>Strong knowledge of Microsoft Office Suite applications (i.e. Excel, Word, PowerPoint) and Bloomberg.</li> <li>Excellent analytical, written, and verbal communication skills.</li> <li>Knowledge of macroeconomics, investment markets, and financial analysis.&nbsp;</li> <li>Other related skills and/or abilities may be required to perform this job.</li> <li>Must have excellent attention to detail, and ability to operate effectively with minimal direct, ongoing supervision.</li> </ul>