Credit Analyst

Core Responsibilities

• Credit Underwriting & Investment Decisions

  • Independently underwrite corporate and NBFC credits and prepare clear investment recommendations.
  • Analyse business fundamentals, financial statements, cash flows, leverage, liquidity and capital structure.
  • Assess promoter quality, governance, business risks, industry dynamics and key downside scenarios.
  • Evaluate probability of default, loss given default and the range of plausible downside outcomes.
  • Assess risk-adjusted return and form a clear invest / do-not-invest view.

• Debt Structures & Documentation

  • Evaluate NCDs, bonds, structured credit and other fixed-income opportunities.
  • Analyse security packages, guarantees, collateral, escrow / DSRA structures and covenants.
  • Understand how structure and documentation affect recovery, downside protection and enforceability.

• Portfolio Monitoring

  • Monitor portfolio credits and identify early-warning signals before deterioration becomes visible in ratings.
  • Track covenant compliance, liquidity, refinancing risk, rating actions and financial performance.
  • Recommend actions where the original investment thesis changes, including hold, reduce, exit or enhanced monitoring.

• Market & Stakeholder Interaction

  • Conduct issuer / management meetings and independently challenge the investment thesis.
  • Interact with issuers, arrangers, rating agencies, trustees, legal advisors and other market participants.
  • Work closely with the Fund Manager on portfolio construction, position sizing, exits and portfolio optimisation.