Investment Analyst II - Investment Grade Credit

Please Note: We are only considering US workers for this position. We are unable to offer this position to individuals who will require current or future immigration sponsorship for employment.

Division or Field Office:

Investment Division

Department of Position: DEPARTMENT

Work from:

Corporate Office, Erie PA Salary Range:

$88,693.00 - $141,678.00 *

salary range is for this level and may vary based on actual level of role hired for

• This range represents a national range and the actual salary will depend on several factors including the scope and complexity of the role and the skills, education, training, credentials, location (State) based on ERIEs geographical differences, and experience of an applicant, as well as level of role for which the successful candidate is hired. Position may be eligible for an annual bonus payment.

At Erie Insurance, you're not just part of a Fortune 500 company; you're also a valued member of a diverse and inclusive team that includes more than 6,000 employees and over 13,000 independent agencies. Our Employees work in the Home Office complex located in Erie, PA, and in our Field Offices that span 12 states and the District of Columbia.

Benefits That Go Beyond The Basics

We strive to be Above all in Service to our customers-and to our employees. That's why Erie Insurance offers you an exceptional benefits package, including:

• Premier health, prescription, dental, and vision benefits for you and your dependents. Coverage begins your first day of work.
• Low contributions to medical and prescription premiums. We currently pay up to 97% of employees' monthly premium costs.
• Pension. We are one of only 13 Fortune 500 companies to offer a traditional pension plan. Full-time employees are vested after five years of service.
• 401(k) with up to 4% contribution match. The 401(k) is offered in addition to the pension.
• Paid time off. Paid vacation, personal days, sick days, bereavement days and parental leave.
• Career development. Including a tuition reimbursement program for higher education and industry designations.

Additional benefits that include company-paid basic life insurance; short-and long-term disability insurance; orthodontic coverage for children and adults; adoption assistance; fertility and infertility coverage; well-being programs; paid volunteer hours for service to your community; and dollar-for-dollar matching of your charitable gifts each year.

Position Summary

• The hiring manager will also consider candidates for Investment Analyst I (F11), and Investment Analyst II (F13). Level of position offered will be based upon the depth and breadth of selected candidates experience and qualifications.

For this position, focused on the Investment Grade Credit with additional position details:

• Analyzes economic and market trends, investment-grade corporate credit issuers, with initial sector coverage expected to include the Capital and Consumer Non-Cyclical sectors. Evaluates sector fundamentals, issuer financial performance, cash flow generation, leverage, liquidity, ratings trajectory, covenant considerations, and relative value to determine suitable investments.
• Prepares and presents credit research, relative-value analysis, and buy/hold/sell recommendations for assigned issuers and sectors.
• Maintains ongoing surveillance of assigned investment-grade credits, including earnings releases, rating agency actions, capital allocation decisions, M&A activity, new issuance, sector developments, and material credit events.
• Develops relationships with company management teams, sell-side analysts, rating agencies, traders, and other market participants to support credit due diligence and timely portfolio decision-making.
• Reviews offering documents, bond covenants, rating agency reports, earnings materials, investor presentations, and other issuer-specific documentation as part of the credit research process.
• Maintains credit models, issuer surveillance tools, sector dashboards, portfolio analytics, and Bloomberg/database resources used to support investment decisions and ongoing monitoring.
• Participates in issuer meetings, industry conferences, rating agency discussions, and other due diligence activities as directed.

Duties and Responsibilities

• Examines and assesses economic and market trends, earnings prospects, financial statements and various other indicators and factors to determine suitable investments. Executes transactions as authorized by management.
• Compiles research reports and presents findings and recommendations on new and existing investments.
• Manages and leads the internal monitoring processes and procedures to keep abreast of assigned investments.
• Forms and maintains relationships with industry contacts to establish and maintain an orderly information network and to keep up to date on changing economic and market trends. Evaluates and communicates to management the impact on the portfolio.
• Reviews and prepares investment-related reports and legal documents as needed.
• Works closely with and assists other Finance Divisions on any related questions, issues or projects by providing investment data and analysis as needed.
• Updates and maintains various software packages and/or databases used to perform investment analysis. Produces timely and relevant reports to support the investment process and effectively communicates results to management.
• Travels for investment due diligence and industry meetings as directed

The first three duties listed are the functions identified as essential to the job. Essential functions are those job duties that must be performed in order for the job to be accomplished.

This position description in no way states or implies that these are the only duties to be performed by the incumbent. Employees are required to follow any other job-related instruction and to perform any other duties as requested by their supervisor, or as become evident.

Capabilities

• Self-Development
• Detail Orientation
• Collaborates
• Cultivates Innovation
• Information Management Skills
• Instills Trust
• Decision Quality
• Job-Specific Knowledge
• Values Diversity
• Nimble Learning
• Customer Focus
• Optimizes Work Processes (IC)
• Ensures Accountability

Qualifications

Minimum Educational Requirements

• Bachelors degree in accounting, finance, mathematics or related field required.
• Masters degree or Chartered Financial Analyst (CFA) designation or in pursuit of CFA preferred.

Additional Experience

• Three years experience analyzing investment portfolios, investment performance, risk modeling or equivalent investment experience required.
• Advanced database management, spreadsheet skills and proficiency with Bloomberg preferred.

Physical Requirements

• Lifting/Moving 0-20 lbs; Occasional (
• Lifting/Moving 20-50 lbs; Occasional (
• Ability to move over 50 lbs using lifting aide equipment; Occasional (
• Driving; Rarely
• Pushing/Pulling/moving objects, equipment with wheels; Occasional (
• Manual Keying/Data Entry/inputting information/computer use; Frequent (50-80%)
• Climbing/accessing heights; Rarely