Corporates - Analyst/Associate Director - Utilities and Transport (Nordic Focussed)
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 22 analysts cover 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 Nordic region.
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 sectors and / or credit analysis experience, in particular for Nordic region.
- Strong analytical skills evidenced by experience in an analytical or similar role.
- Good written and verbal communications skills in English and one Nordic language.
- 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).