Credit Analyst, Utilities and Transport
Dual-headquartered in New York and London with 50 offices worldwide, Fitch Ratings is a global rating agency dedicated to providing value beyond the rating through independent and prospective credit opinions, research and data. Offering a world of knowledge and experience behind every opinion, we transform information to deliver meaning and utility to investors, issuers and other market participants. Fitch Ratings’ global expertise draws on local market knowledge and spans across the fixed-income universe. The additional context, perspective and insights we provide help investors make important credit judgments with confidence.
Fitch Solutions is committed to delivering value beyond the rating by providing a range of fixed-income products and professional development services to the global financial community. In addition to offering proprietary content, the firm also distributes the ratings, research, financial data and analytical tools of Fitch Ratings. With innovation and experience behind every product and service, Fitch Solutions' flexible offerings are designed to meet the diverse needs of the credit markets. Fitch Ratings and Fitch Solutions are part of the Fitch Group, a jointly-owned subsidiary of Fimalac, S.A. and Hearst Corporation.
Department Overview:
Fitch Ratings' EMEA Corporate group provides public and private ratings of companies and their debt instruments in Western Europe and, increasingly, CEE, the CIS, Middle East and Africa.
The department employs over 70 credit analysts across Europe. In addition to London, Fitch's largest office, the department has analysts on the ground in Moscow, Paris, Frankfurt, Warsaw, Barcelona, Milan, Johannesburg and Dubai.
The department is split into five sector teams: Utilities and Transport, Natural Resources and Commodities, Consumer and Healthcare, Industrials, and Telecoms, Media and Technology. In addition, a specialist Leveraged Finance team focuses on credits with leveraged capital structures. Dedicated research analysts supporting cross-sector publications complement the department.
The EMEA Utilities and Transport team covers around 100 public and private credits in utilities, evenly split between integrated utilities and regulated networks (electricity, gas and water, including secured, covenanted transactions). The transport coverage includes around 30 public and private ratings in land transport, airlines and shipping. Over half the team is in London, with other members in Warsaw, Moscow, Milan, Barcelona and Johannesburg.
Job description:
As a member of the EMEA Utilities and Transport team, you will take lead analytical responsibility for a varied portfolio of corporate issuers in both sectors. You will monitor news and results flow to identify events or trends which may lead to rating changes. You will conduct meetings with and analyse the creditworthiness of issuers in the sector.
You will also present to and discuss recommendations for new ratings or rating changes with a rating committee and communicate Fitch’s credit opinions externally. You will participate in, and ideally initiate, ad-hoc sector commentaries and topical research. The role will also involve some analytical support to business development activities, interaction with issuers, investors and bankers. It will entail some travel.
The current portfolio envisaged comprises around 15 entities, focused on Western Europe, but with element of coverage in CEE. Knowledge of one additional European language (next to English) will be helpful but is not essential. While focused on utilities, the analyst may if need arises have to work on transport credits.
The successful candidate will report to the head of the team.
Person Specification:
The role would suit an individual with some analytical experience looking to develop further in an intellectually challenging, analytically rigorous yet supportive environment. Fitch’s corporate analysts have diverse backgrounds, including career financial/credit analysts, professional services, or financial or operational roles in companies. Desirable qualities include:
• A first rate academic background in a finance-related field. Professional qualifications (e.g. ACA, CFA) an advantage.
• A strong understanding of, or interest in, Utilities and Transport.
• Strong analytical skills evidenced by experience in an analytical or similar role. Credit analysis experience helpful but not essential.
• Good written and verbal communications skills in English. Working knowledge of another European language helpful
• Cash-flow modelling and accounting skills
• A strong team spirit, enabling him/her to work seamlessly with other members of the team.
Application:
To apply please submit a cover letter and most recent CV including remuneration details, via the enclosed links.
Fitch is an equal opportunity employer that employs people across the full spectrum of society. Fitch works hard to create a workplace with an emphasis on inclusion, innovation and merit. By valuing diversity and equality in our workplace, we believe it adds strength to our business
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