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Credit Analyst - Utilities and Transport - Analyst - Frankfurt (14042)
August 12, 2018
Frankfurt am Main, Germany
Title: Credit Analyst - Utilities and Transport - Associate Director
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 Solutions delivers credit market data, analytical tools and risk services to the global financial community. In addition to offering proprietary market based content, Fitch Solutions distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution, Fitch Solutions helps financial professionals meet the diverse and evolving needs of today's global markets.
Fitch Ratings and Fitch Solutions, along with Fitch Learning and BMI Research, are part of the Fitch Group, a global leader in financial information services with operations in more than 30 countries. Fitch Group is majority-owned by Hearst .
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 over 80 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 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 of over 20 analysts covers over 160 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 35 public and private ratings in land transport, airlines and shipping. Over half the team is in London, with other members in Warsaw, Moscow, Milan, and Barcelona.
As a member of the EMEA Utilities and Transport team, you will have analytical responsibility for a varied portfolio of issuers in utilities and transport 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. Participation 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 10-15 entities across EMEA with focus on German and central European utilities.
Qualifications and experience:
The role would suit an individual with analytical experience looking to develop further in an intellectually challenging, analytically rigorous yet supportive environment.
Strong academic background in a finance-related field.
A solid understanding of utilities and possibly transport sectors and / or credit analysis experience, in particular in Germany and central Europe.
Strong analytical skills evidenced by experience in an analytical or similar role.
Good written and verbal communications skills in English and German.
Cash-flow modelling and accounting skills.
A strong team spirit, enabling him/her to work seamlessly with other members of the team.
Professional qualifications (e.g. ACA, CFA).
To apply please submit a cover letter and most recent CV including remuneration details, via the corporate careers site.
Fitch complies with all laws governing employment in each jurisdiction in which it operates, and provides equal opportunity to all applicants and employees. All applications will be considered without regard to race, colour, religion, gender, national origin, age, disability, marital or veteran status, sexual orientation, and other status protected by applicable laws.