Credit Analyst

Pioneer Investments is a diversified asset management firm and a key franchise of Victory Capital Management (VCTR).  Founded in 1928, Pioneer currently manages over $125 billion in assets across a wide range of strategies.  We are seeking a Credit Research Analyst to join our Corporate Credit Research team.

Victory Capital is a diversified global asset management firm and employs a next-generation business strategy that combines boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.

Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 12 autonomous Investment Franchises and a Solutions Business, Victory Capital offers a wide array of investment products and services, including mutual funds, ETFs, separately managed accounts, alternative investments, third-party ETF model strategies, collective investment trusts, private funds, a 529 Education Savings Plan and brokerage services.

Victory Capital is headquartered in San Antonio, Texas, with offices and investment professionals in the U.S. and around the world. To learn more please visit www.vcm.com or follow Victory Capital on Facebook, Twitter, and LinkedIn.

The Credit Research Analyst will contribute to the success of the fixed income team by providing fundamental investment research and analysis on individual corporate bond and leveraged loan issuers.  The Credit Research Analyst will be responsible for covering one or more industry sectors across the Investment Grade, High Yield and Leveraged Loan asset classes.  The analyst will work closely with other research analysts, sector teams, portfolio managers and traders to lead the development of sector and asset class investment views and opportunities

• Provide fundamental investment research and analysis on corporate bond and leveraged loan issuers, recommending ideas within a relative and absolute value framework based on risk-adjusted returns across capital structures and industries.
• Execute the three pillars of credit research — buy discipline, surveillance, and sell discipline — supported by credit summaries, buy/sell/hold recommendations, and maintained financial models.
• Analyze financial statements, macro factors, bond covenants, and indentures to perform rigorous valuation analysis.
• Engage with credit rating agencies, external analysts, and independent sources to incorporate outside perspectives on industries and issuers.
• Synthesize research from diverse sources and communicate findings clearly and credibly to the broader fixed income team, clients, and consultants.
• Travel as required in support of the investment research process.

• 3–8 years of credit experience in investment management or banking.
• Bachelor's degree required; CFA designation and/or MBA preferred.
• Strong proficiency in Excel and Bloomberg.
• Experience with AI tools applied to financial analysis or investment decision-making is a plus.
• Experience with transportation, airlines, or aerospace & defense is a plus.

Victory Capital Management offers excellent Medical, Dental, Vision plans, Flexible PTO, Family Medical and Disability Leaves, Education Tuition Reimbursement and a 401k plan with a generous employer match.

The target base salary range for this position is $125,000 - $150,000

Salaries are determined based on internal equity, internal salary ranges, market data/ranges, applicant’s skills and prior relevant experience, certain degrees, and certifications.

Victory Capital Management operates a pay-for-performance compensation philosophy and total compensation may vary based on role, location, department and individual performance.

Victory Capital Management’s total compensation package includes the opportunity for annual compensation bonuses and/or commissions and a generous benefits package.

We are committed to equal employment opportunity without regard to actual or perceived race, color, creed, religion, national origin, ancestry, citizenship status, age, sex or gender (including pregnancy, childbirth, pregnancy-related conditions, and lactation), gender identity or expression (including transgender status), sexual orientation, marital status, military service and veteran status, physical or mental disability, genetic information, height, weight, hair texture or a hairstyle historically associated with race to include braids, locks, or twists; or any other characteristic protected by applicable federal, state, or local laws and ordinances.