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 CLO team to assist in sourcing, analyzing, and modeling new investment opportunities in both the primary and secondary markets.
- Perform relative value analyses that will drive investment decisions
- Assist in the portfolio management of the existing CLO portfolios totaling approximately $1.5B, including analyzing refinancings, resets, and redemptions
- Analyze and evaluate CLO equity and debt investments, including tranche structuring, risk assessment, and return optimization.
- Track and interpret market trends, regulatory developments, and macroeconomic factors affecting CLOs and leveraged loans.
- Develop and refine financial models to project CLO cash flows, stress scenarios, and expected returns
Desired Skills and Experience
- Prior experience working with CLOs including direct investing, trading, or research experience
- Sound understanding of the fundamental, legal, structural, and technical aspects of CLOs
- Demonstrated track record of excellence in academic, professional, and personal endeavors
- Strong modeling skills including in-depth knowledge of Intex and Excel is required. Experience with Kanerai or VBA is a plus
- Familiarity with Bloomberg, Intex, Moody’s, and other CLO/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.Strong organizational skills, with the ability to manage multiple priorities and deadlines simultaneously
- 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 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.
