Investment Professional Debt Private Placements

Being good neighbors - helping people, investing in our communities, and making the world a better place - is who we are at State Farm. It is at the core of how we operate and the reason for our success. Come join a #1 team and do some good! The State Farm Investment Department is a leading investment manager entrusted with managing $350 billion in support of the company's auto, home, and life insurance products. Within the Investment Department, the Private Placement Team manages nearly $19 billion in private debt securities and executes approximately $4 billion in transactions per year.

We are looking to add an Investment Professional to the Private Placement team of Corporate Bonds. Individuals in this role perform in-depth research on predominantly unrated debt securities. Team members negotiate new deal terms with investment bankers, determine relative value of investment opportunities, and collaborate with legal counsel to structure new debt investments and amend existing agreements. New team members will have the opportunity to develop and demonstrate a broad range of skills in the areas of investment analysis, valuation and trading, and portfolio management of fixed income securities. Team members earn additional responsibility and authority over time by demonstrating capability.

This position is based at State Farm's growing investment platform at CityLine in Richardson, Texas, in the fast-growing Dallas-Fort Worth metro area. This position is eligible for relocation benefits. The Investments Department operates a hybrid schedule with three in-office days per week to foster collaboration.

• Perform fundamental research and financial analysis of companies and investment structures for State Farm's private placement bond portfolio.
• Construct investment recommendations and present in oral and written form, using bottom-up and top-down analysis.
• Engage management of companies, ask questions, and travel to meet issuers on-site.
• Integrate legal analysis of private placement security documentation into transaction covenant negotiation.
• Complete routine and ad hoc reporting.
• Represent State Farm with external partners, including industry trade groups and investment bankers.
• Assist in expanding State Farm's presence in the private placement market and help grow private placement opportunities.

• 3-7 years of relevant work experience.
• Graduate or undergraduate degree with coursework in accounting, finance, economics or related field. Unofficial transcript required.
• Record of achievement in professional and academic pursuits. Willingness to pursue the CFA designation and MBA.
• Analytical, inquisitive, energetic, and self-driven with an interest in investments and financial markets.
• Critical thinking skills with ability to process large amounts of information, develop insights, and assess risk while maintaining attention to detail.
• Ability to work both independently and collaboratively within a team environment.
• Excellent prioritization, time management, and decision-making skills to meet multiple market-driven deadlines simultaneously.
• Strong written and verbal communication skills with an ability to articulate and support research findings.
• Exposure to financial and/or legal documents a plus.
• Applicants are required to be eligible to lawfully work in the U.S. immediately; employer will not sponsor applicants for U.S. work authorization (e.g. H-1B visa) for this opportunity.

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