Investment Analyst: Structured Securities
About the position
Penn Mutual Asset Management. LLC (“PMAM”) is a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company. PMAM is committed to serving the institutional marketplace by offering fixed income investment solutions. We tailor our proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achieve the desired strategy and goals. With over $44 billion in assets under management as of February 28, 2026, we are fixed-income specialists, dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process. We are looking for an Investment Analyst, Structured Securities to come join our team! This is an integral member of the PMAM team and has a strong understanding of financial markets and provides significant input into decision making by presenting opinions and influencing investment decisions. You may focus on one or more of the following areas: Credit Research , Trade execution , portfolio surveillance, m anage both tactical and strategic portfolio positioning.
Responsibilities
• Responsible for credit research in securitized product sectors, with a focus on RMBS and residential mortgage-related investments, and CLOs.
• Provide forward-looking credit opinions on securities and sectors
• Develop financial models for credit research , portfolio surveillance and relative value analysis
• Build strong relations with dealers and other market participants
• Present forward looking opinions on individual investments and sectors
• Present investment ideas to the team in formal and informal environments
• Automate investment reports/analysis for better information flow and sharing.
• Remain current with market trends and generate ideas
• Influence setting the strategic position of interest rate/curve and risk level for portfolio
• Preform cashflow analysis for structured securities
• Analyze deal structures and perform collateral analysis to determine relative value
• Assist and prepare reporting requests from team members
Requirements
• Proven analytical, decision-making and problem-solving skills
• Excellent oral, written communication and presentation skills
• Ability to work collaboratively in a team environment
• Strong decision making and quantitative skills
• The ability to effectively influence others
• The ability to work in a fast paced high energy environment
• Experience working in a trading floor environment and ability to deal with distractions and handle multiple tasks simultaneously
• Knowledge of Bloomberg
• Advanced Excel skills
• Bachelor's Degree in Finance and/or Economics
• 3-5 Years of investment experience
Penn Mutual Asset Management. LLC (“PMAM”) is a registered investment adviser and wholly owned subsidiary of The Penn Mutual Life Insurance Company. PMAM is committed to serving the institutional marketplace by offering fixed income investment solutions. We tailor our proven approach to generate solid risk-adjusted returns that result in consistent earnings, while balancing the need for capital preservation to achieve the desired strategy and goals. With over $44 billion in assets under management as of February 28, 2026, we are fixed-income specialists, dedicated to creating value through a prudent, thoughtful and rigorous investment decision-making process. We are looking for an Investment Analyst, Structured Securities to come join our team! This is an integral member of the PMAM team and has a strong understanding of financial markets and provides significant input into decision making by presenting opinions and influencing investment decisions. You may focus on one or more of the following areas: Credit Research , Trade execution , portfolio surveillance, m anage both tactical and strategic portfolio positioning.
Responsibilities
• Responsible for credit research in securitized product sectors, with a focus on RMBS and residential mortgage-related investments, and CLOs.
• Provide forward-looking credit opinions on securities and sectors
• Develop financial models for credit research , portfolio surveillance and relative value analysis
• Build strong relations with dealers and other market participants
• Present forward looking opinions on individual investments and sectors
• Present investment ideas to the team in formal and informal environments
• Automate investment reports/analysis for better information flow and sharing.
• Remain current with market trends and generate ideas
• Influence setting the strategic position of interest rate/curve and risk level for portfolio
• Preform cashflow analysis for structured securities
• Analyze deal structures and perform collateral analysis to determine relative value
• Assist and prepare reporting requests from team members
Requirements
• Proven analytical, decision-making and problem-solving skills
• Excellent oral, written communication and presentation skills
• Ability to work collaboratively in a team environment
• Strong decision making and quantitative skills
• The ability to effectively influence others
• The ability to work in a fast paced high energy environment
• Experience working in a trading floor environment and ability to deal with distractions and handle multiple tasks simultaneously
• Knowledge of Bloomberg
• Advanced Excel skills
• Bachelor's Degree in Finance and/or Economics
• 3-5 Years of investment experience