Senior High-Yield Investment Research AnalystProgressive Insurance

Progressive is dedicated to helping employees move forward and live fully in their careers. Your journey has already begun. Apply today and take the first step to Destination: Progress.   

As a senior high-yield investment research analyst, you'll conduct research analysis on non-investment grade companies and support the research efforts and portfolio construction of a portfolio manager. In this role, you’ll work closely with portfolio managers on in-depth issuer, industry and security research and valuation, while following market, issuer and security developments.  

Minimum qualifications  

• Bachelor's degree and a minimum of eight years of relevant work experience 
• OR a master's degree or higher, with at least six years of relevant work experience 

Preferred Skills

• Knowledge of fixed income, bond math, yield curve dynamics, accounting, corporate credit analysis, financial modeling, covenants, macro-economics and market regulations. 
• Ability to independently conduct fixed income research; analysis may focus on individual securities, issuers or sectors. 
• Knowledge and understanding to make buy/sell recommendations 
• Strong relationship building skills with ability to build and maintain relationships with dealers and execute trades 

Compensation  

• Base: $200,000 - $240,000/year depending on position level and experience 
• Gainshare annual cash incentive payment up to 80% of your eligible earnings based on company performance and experience level
• Participation in our restricted stock units plan 

Benefits  

• 401(k) with dollar-for-dollar company match up to 6% 
• Medical, dental & vision, including free preventative care 
• Wellness & mental health programs 
• Health care flexible spending accounts, health savings accounts, & life insurance 
• Paid time off, including volunteer time off 
• Paid & unpaid sick leave where applicable, as well as short & long-term disability 
• Parental & family leave; military leave & pay 
• Diverse, inclusive & welcoming culture with Employee Resource Groups 
• Career development  

Equal Opportunity Employer 

Applicants must be authorized to work for any employer in the U.S. without the need or potential need, of current or future sponsorship for employment. Progressive does not hire candidates with (e.g., F-1 CPT, OPT, or STEM OPT, H-1B, O-1, E-3, TN) statuses for this role. 

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