SENIOR CREDIT ANALYST, ASIAN HIGH YIELD

  • Well established Insurance Company
  • Excellent Exposure

Our client is a well-established insurance company with an unparalleled reputation across the Asia Pacific region. With the continued growth of the organization, the need has arisen to recruit high calibers to join them.

Senior Credit Analyst specializing in Asian High Yield to drive bottom-up fundamental credit research, relative value analysis, and risk monitoring across Asian corporate and sovereign issuers. Responsible for originating high-conviction credit recommendations that support multi-asset and fixed income portfolios, with a disciplined focus on long-term risk-adjusted returns, downside protection, capital preservation, and portfolio rating stability.

Responsibilities

Fundamental Credit Analysis & Portfolio Recommendations

  • Conduct deep-dive fundamental credit research on new issue primary offerings and secondary market opportunities across Asian High Yield corporates and sovereigns.
  • Formulate and present actionable, long-term investment recommendations (Buy/Hold/Sell) that optimize risk-adjusted yield while adhering to portfolio mandates and Risk-Weighted Capital (RBC/Solvency) constraints.
  • Build, maintain, and stress-test multi-period financial models, liquidity profiles, and cash flow projections under adverse macroeconomic and sector-specific scenarios.
  • Evaluate bond covenants, corporate structures, debt seniority, and legal documentation to safeguard portfolio holdings against structural subordination or event risks.

Portfolio Monitoring & Risk Management

  • Provide continuous coverage of assigned sectors and issuers, proactively identifying credit deterioration, rating downgrade risks, or liquidity stresses well ahead of market consensus.
  • Assess the impact of credit migration (e.g., Fallen Angels, Rising Stars) on portfolio capital charges, asset-liability matching (ALM), and liquidity requirements.
  • Participate in portfolio review meetings, providing strategic commentary on credit spread trends, sector allocation, and default/recovery probability distributions.
  • Monitor and evaluate High Yield / Global credit mandates managed by external asset managers outside Asia, tracking their credit selection, performance attribution, risk exposure, and adherence to investment guidelines.

Special Situations & Workout Oversight

  • Monitor distressed or restructuring credits within the portfolio, formulating recovery strategies and participating in creditor committees or liability management exercises when necessary.
  • Provide clear liquidation/waterfall analysis to estimate recovery values and minimize capital loss on impaired positions.

Experience

  • With 5–7 years of dedicated credit research experience in Asian High Yield / Stressed Debt, ideally within an asset management firm, insurance investment division, or premier buy-side institution.
  • Bachelor’s degree or higher in Finance, Economics, Accounting, or a related quantitative field. CFA charterholder preferred.
  • Advanced financial modelling skills with strong proficiency in cash flow stress-testing and balance sheet analysis.
  • In-depth understanding of Asian credit markets, local insolvency frameworks, and bond covenants.
  • Familiarity with institutional portfolio constraints, insurance regulatory capital frameworks (e.g., Solvency II, HKRBC), and rating agency methodologies (S&P, Moody’s, Fitch).
  • High proficiency in Bloomberg, Capital IQ, and advanced Excel.
  • Excellent oral and written communication skills in English and Mandarin.

Interested applicants should send a detailed resume to Michelle Ho by email to This email address is being protected from spambots. You need JavaScript enabled to view it. quoting reference 4878.

(Applicants not contacted within 4 weeks should consider their application unsuccessful.)