Lead Director, Credit Research

We’re building a world of health around every individual — shaping a more connected, convenient and compassionate health experience. At CVS Health®, you’ll be surrounded by passionate colleagues who care deeply, innovate with purpose, hold ourselves accountable and prioritize safety and quality in everything we do. Join us and be part of something bigger – helping to simplify health care one person, one family and one community at a time.

Investment Management’s mission is to actively manage investment portfolios in a prudent manner that preserves capital while maximizing investment income and total return relative to internal benchmarks within appropriate business, legal, regulatory, capital markets and ethical constraints.

The Lead Director will be responsible for independently conducting comprehensive credit analysis and providing timely buy/sell/hold recommendations on corporate credits. This includes preparing timely written analyses on individual credits, sectors, or events, monitoring global macroeconomic conditions, sector performance expectations, yield curve expectations, internal/external business conditions, and market technicals. The role provides in-depth knowledge, serves as an internal sector expert, and maintains ongoing dialogue with Investment Grade and High Yield portfolio managers on investment strategy in a collaborative team environment.

It may include mentoring, coaching, and assessing the performance of junior members of the analyst team.

• Independently conduct highly comprehensive credit research including corporate credit analysis, industry, structure, and country analysis.
• Conduct thorough analysis of corporate financial statements and assess relative value of security and company investment opportunities.
• Provide timely buy/sell/hold recommendations to Portfolio Managers, taking into account total exposure, maturity, and relative value considerations.
• Provide in-depth knowledge, serve as internal sector expert, and maintain ongoing dialogue with Portfolio Managers on investment strategy in a collaborative team environment.
• Evaluate and interpret current or potential bond holdings relative to a portfolio strategy and recommend appropriate actions based on portfolio requirements.
• Evaluate corporate fundamentals and industry trends, key operating metrics, business quality, and competitive position incorporating sustainability factors in the overall analysis.
• Attend industry and company conferences, interacting when appropriate with corporate borrower management teams as part of ongoing due diligence process.
• Prepare timely, written analyses on individual credits, sectors, or events.
• Concisely presents facts, analyses, conclusions, and recommendations.
• Mentor, coach and assess the performance of junior members of the analyst team as appropriate.
• Maintain extensive relationships with contacts at rating agencies, Wall Street firms, and other outside sources to obtain external views on individual credits or industries.

• Bachelor's Degree required;
  Master's degree or CFA preferred

• 10 or more years of investments experience

• Strong analytical and financial modeling skills
• Solid communication skills
• Undergraduate Studies in Finance, Investments, Accounting, Economics, or Mathematics

The Typical Pay Range For This Role Is $ - $

This pay range represents the base hourly rate or base annual full-time salary for all positions in the job grade within which this position falls. The actual base salary offer will depend on a variety of factors including experience, education, geography and other relevant factors. This position is eligible for a CVS Health bonus, commission or short-term incentive program in addition to the base pay range listed above.

This position also includes an award target in the company’s equity award program.

• Affordable medical plan options, a 401(k) plan (including matching company contributions), and an employee stock purchase plan.
• No-cost programs for all colleagues including wellness screenings, tobacco cessation and weight management programs, confidential counseling and financial coaching.
• Benefit solutions that address the different needs and preferences of our colleagues including paid time off, flexible work schedules, family leave, dependent care resources, colleague assistance programs, tuition assistance, retiree medical access and many other benefits depending on eligibility.

For more information, visit the CVS Health careers site. We anticipate the application window for this opening will close on 02/02/2026. Qualified applicants with arrest or conviction records will be considered for employment in accordance with all federal, state and local laws.