Credit Research Intern
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Job Summary
Benefit Street Partners (BSP) is part of Franklin Templeton a forward-thinking asset manager that has built its success through powerful partnerships. We leverage cutting-edge strategies and deep insights to unlock opportunities for long-term wealth creation. Our talented global teams bring expertise that is both broad and unique.
Benefit Street Partners operates independently as an investment group. It is an alternative credit pioneer that seeks to deliver attractive returns through its relationships specialist expertise and global reach. We focus exclusively on credit building deep expertise across direct lending structured credit liquid credit special situations infrastructure debt and real estate.
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About Us
BSP is a leading alternative credit manager dedicated exclusively to unlocking opportunity in this fast-evolving market. Founded as an early pioneer in the space we have guided investors through multiple market cycles with discipline creativity and resilience.
Alternative credit is what we do. Our expertise spans direct lending real estate debt liquid credit structured credit and other alternative credit strategies. This depth of specialism coupled with global reach and long-standing local relationships enables us to connect investors with tailored high-quality opportunities designed to deliver attractive risk-adjusted returns across conditions.
We are a wholly owned subsidiary of Franklin Templeton one of the worlds largest asset managers. This partnership provides the strength and scale of a global institution while preserving our investment and operational independence. The integration of Alcentra in 2022 added two decades of European expertise creating one of the most diversified alternative credit platforms worldwide. Together we offer clients the benefits of BSPs agility specialization and entrepreneurial culture supported by Franklin Templetons resources infrastructure and $1.68 trillion in assets under management.
Today we manage $92 billion in assets for institutions and individuals globally. Our heritage partnership culture and enduring relationships continue to set us apart enabling us to deliver flexible high-quality credit solutions and consistent risk-adjusted returns for our investors.
Position Overview
We are looking for a motivated detail-oriented individual to join the European Liquid Credit Research team as a either a Junior Credit Research Analyst or Intern/Graduate to cover the leveraged loan and high yield bond markets primarily in Europe while closely collaborating with our U.S. team. The ideal candidate will be intellectually curious collaborative and able to support multiple senior analysts in evaluating credit risk of existing investments as well as potential new investment opportunities. A robust understanding of financial statements is a must and financial modelling skills are required. Beyond modelling the role will also entail other forms of due diligence including summarising and analysing earnings results interacting with management teams and synthesising third party research including sell-side and rating agency research. Overall the role will play a key role helping the research team evaluate both qualitatively and quantitatively the credit risk of our investments in leveraged loans and high yield bonds.
Responsibilities
Responsibilities include but are not limited to:
Financial model construction and maintenance
Collaboration with senior analysts to diligence existing and potential investments utilizing all available resources: Bloomberg 3rd party research expert networks etc.
Understanding and analysing credit terms and documents
Analysis of relative value and comparable transaction analysis including creation and maintenance of standardized relative value comparison tables
Construction of credit papers for presentation to Investment Committee(s)
General industry analysis on assigned sector(s)
Qualifications / Skills
The successful candidate will ideally possess:
Up to 2 years of experience analysing financial statements ideally with a leveraged finance / credit focus; internship and junior analyst candidates will be considered
Familiarity with leveraged credit markets and investment funds
Strong Excel technical and modelling skills ideally including financial modelling
High attention to detail
Intellectual curiosity and willingness to learn
Please note that this is a 12month fixedterm contract commencing as soon as possible.
Franklin Templeton is an Equal Opportunity Employer. We are committed to providing equal employment opportunities to all applicants and existing employees and we evaluate qualified applicants without regard to ancestry age color disability genetic information gender gender identity or gender expression marital status medical condition military or veteran status national origin race religion sex sexual orientation and any other basis protected by federal state or local law ordinance or regulation.
Required Experience:
Intern
About Company
Franklin Templeton Investments is a global investment manager. At the core of our business are multiple world-class investment management groups – Franklin, Templeton and Mutual Series – each operating independently and offering their distinct perspectives to financial advisors and th ... View more
