Associate, IG Fixed Income

Investment Grade Fixed Income

Associate, IG Fixed Income

Department: Eldridge Capital Management (ECM) — Investment Grade Fixed Income

Location: Des Moines, IA

Level: Associate — entry-level, ideal for a recent or upcoming college/graduate school grad

About Eldridge

Eldridge is an asset management and insurance holding company with over $70 billion in assets under management, organized across two divisions. Eldridge Capital Management (ECM) invests across four primary strategies — diversified credit, GP solutions, real estate credit, and sports and entertainment. Eldridge Wealth Solutions (EWS) is an insurance and retirement solutions platform comprised of Eldridge's wholly owned insurance companies, Security Benefit and Everly Life. Eldridge is wholly owned by Eldridge Industries.

The Opportunity

As an IG Fixed Income Associate, you'll join right out of undergrad or graduate school as an integral part of a collaborative, close-knit team within Eldridge Capital Management's Investment Grade Fixed Income group. The team focuses on investment-grade public & private credit — including structured finance, asset-based finance, corporates, and direct origination — investing on behalf of insurance general accounts. This is a full-time position, working closely with and reporting to the team's analysts, based out of our office in Des Moines, Iowa.

Primary Responsibilities

• Financial Analysis and Investment Due Diligence: Assist the team in preparing models and conducting financial analysis and due diligence on existing and prospective investment-grade private credit investments — understanding business performance, operating trends, financial forecasts, industry dynamics, and overall risk. This includes helping prepare financial models, investment memoranda, and other business analyses.
• Investment Origination: Assist the team in diligence related to originating IG private credit investments suitable to the portfolio's risk and return objectives.
• Portfolio Management: Assist in portfolio management activities including trade support, pricing, audit/finance/investment operations requests, legal documentation, and regulatory matters.
• Reporting: Support ad hoc and periodic reporting on portfolios of assets and specific investments.
• Pricing: Assist in the creation and maintenance of pricing models, applying market-consistent measures to price portfolio investments on a monthly basis.
• Legal Documentation: Coordinate with internal and external legal teams to ensure appropriate documentation is in place to support each investment.
• Relationship Management: Help form and maintain relationships with borrowers, sponsors, and other sources of origination.
• Team Collaboration: Work across origination, underwriting, and portfolio management functions, and coordinate with Operations, Accounting, and Legal to ensure efficient execution.

Qualifications

• Currently completing or recently completed an undergraduate or graduate degree, with prior internship or academic experience in investment analysis, credit investing, or a related field at a top-tier investment bank, asset manager, or insurance investment platform preferred
• Bachelor's degree required (or currently pursuing a graduate degree), preferably in Finance, Economics, or a related field, with a strong academic record
• Progress toward CFA and/or MBA is a plus, not a requirement
• Proficient in quantitative, analytical, and financial modeling skills, with strong Microsoft Excel capabilities
• Deep interest in credit investing and appreciation for working across strategies and asset classes
• Well organized, independent, entrepreneurial, self-motivated, and comfortable managing multiple projects in a fast-paced environment
• Strong written and verbal communication skills, including the ability to work well with people at all levels of the organization

Who Does Well Here

• Commercial, competitive, and intellectually agile, with genuine curiosity about the market and credit
• Highly collaborative, with a team-first attitude and strong communication skills
• Comfortable with ambiguity and unstructured problems, and willing to form a view and defend it
• Motivated by the opportunity to help build and grow a scaled platform

Location and Travel

This position is based in Eldridge's Des Moines, Iowa office, working a hybrid schedule with both remote and on-site work. Some travel is expected for management meetings, diligence sessions, and industry conferences.