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Credit Analyst - Natural Resources and Commodities - Director (Chemicals) (16081)
July 13, 2018
Frankfurt am Main, Germany
Requisition number: 16081
Title: Natural Resources and Commodities - Director (Chemicals)
Potential locations: Frankfurt, Stockholm, Barcelona, Madrid, Milan or Warsaw
Dual-headquartered in New York and London, Fitch Ratings is a leading provider of credit ratings, commentary and research. Dedicated to providing value beyond the rating through independent and prospective credit opinions, Fitch Ratings offers global perspectives shaped by strong local market experience and credit market expertise. The additional context, perspective and insights we provide help investors to make important credit judgments with confidence.
Fitch Ratings, along with Fitch Learning and Fitch Solutions, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is a wholly-owned subsidiary of New York-based Hearst Corporation.
Fitch Ratings' EMEA Corporate group provides public and private ratings of companies and their debt instruments in Western Europe, CEE, the CIS, Middle East and Africa.
The department employs a team of credit analysts across Europe. In addition to London, Fitch's largest office, the department has offices in Moscow, Paris, Frankfurt, Warsaw, Barcelona, Milan, and Dubai.
The department is split into five sector teams: Natural Resources and Commodities, Utilities and Transport, Consumer and Healthcare, Industrials, and Telecoms, Media and Technology. In addition, a specialist Leveraged Finance team focuses on credits with leveraged capital structures.
The EMEA Natural Resources and Commodities team has 15 analysts and covers over 90 public credits, evenly split between Basic Materials (metals and mining, chemicals) and Oil and Gas. Over half of the team is in London, with other members currently in Moscow and Warsaw.
As a member of the EMEA Natural Resources and Commodities team, you will take lead analytical responsibility for a portfolio of corporate issuers, primarily focused in the chemicals sector, but also the oil and gas, and potentially in the mining and steel sectors. You will monitor and analyse company news flow and financial results to identify events or trends which may lead to rating changes. You will also conduct meetings with company management (typically at the Head of Treasury or CFO level).
You will also present to and discuss recommendations for new ratings or rating changes with internal rating committees as well as communicating Fitch's credit opinions externally. You will also be involved with, and ideally initiate, ad-hoc sector commentaries and topical research. The role will also involve some analytical support to business development activities, as well as interaction with issuers, investors and bankers. The role will also involve some, but not an excessive level, of travel,
The currently envisaged portfolio comprises around 15 entities based in the EU. Language skills - particularly German or French - would be helpful but is not essential.
The successful candidate will report to the head of the Natural Resources and Commodities team.
Qualifications and experience:
The role would suit an individual with previous 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/operational roles in companies. Desirable qualities include:
A first rate academic background in a finance-related field. Professional qualifications (e.g. CFA, CA) would be an advantage.
Experience in analysing chemicals companies. Some knowledge of the oil and gas, mining and steel sectors would also be a positive.
Strong analytical skills evidenced by experience in an analytical or similar role.
A strong team spirit, enabling him/her to work seamlessly with other members of the EMEA team. A willingness to mentor and develop junior analysts would also be looked upon favourably.
Solid written and verbal communication skills in English. Other language skills would be advantageous.
Cash-flow modelling and accounting skills
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.