Credit Analyst - Associate Director level - Structured Finance, CMBS

Structured Finance, CMBS is currently seeking an Associate Director based out of our London office.

Fitch’s European Structured Finance team maintains existing ratings and assigns ratings to new structured finance transactions. Fitch currently rates Structured Finance transactions across four main asset classes: Asset Backed Securities, Residential Mortgage Backed Securities, Commercial Mortgage Backed Securities and Structured Credit. Fitch Ratings maintains surveillance on over 1,500 European structured finance transactions.

What We Offer:

• A small team within a larger department which allows you to think differently and have a tangible impact on the team’s output and performance
• A rare opportunity to develop knowledge and technical expertise across European commercial real estate use-types in relation to the myriad ways it relates to the wider financial system
• An inclusive atmosphere based on a culture of continual learning - through curiosity, outspoken debate and collaboration and in pursuit of the highest analytical standards

We’ll Count on You To:

• Analyse complex commercial property financings, based on your
• assessment of property quality and operating performance, gleaned from valuation reports, rent rolls, income and expense statements, and, where relevant, underlying due diligence materials and site inspections
• modelling of asset and liability cash-flows in rating scenarios within the scope of Fitch’s rating criteria, ensuring consistency while treating cases on their merits
• review of relevant transaction documents and accompanying legal opinions, with
• a forensic eye for relevant detail
• regard to how commercial interests interact with complex structures
• a view to the likely effect of the suite of documentation working as a whole

• Prepare and present thorough written credit papers for rating committees
• Maintain effective channels of communication with debt arrangers to handle inbound enquiries, clarify project status and discuss analytical questions/feedback on a timely basis, always striving to be clear and professional
• Produce fluent, concise commentaries and reports publishing our rating actions and credit rationale
• Research property and debt markets for materials to be used in authoring original reports and in supporting criteria development

What You Need to Have:

• Strong interest in the European commercial property sector, with knowledge of the fixed income markets based on experience
• Demonstrable strengths in numeracy, critical thinking/analysis and verbal reasoning
• A high proficiency with Microsoft Excel
• Capacity to communicate complex ideas verbally and in simple written business English

What Would Make You Stand Out:

• Experience in commercial real estate lending or structured finance credit risk
• Rigorous approach to financial modelling allied with an engineering mindset
• Curiosity to solve complex problems using creativity and collaboration

Why Fitch?

At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.

Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.

We are building incredible things at Fitch and we invite you to join us on our journey.

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 have helped fund a century of growth and enables our clients to make important credit judgements with confidence.

Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.