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.