Associate Director - Corporates (EMEA Consumer & Healthcare) - London, Italy, Frankfurt 1

Recruiter
Fitch Ratings
Location
London, United Kingdom
Salary
Competitive
Posted
26 Aug 2021
Closes
25 Sep 2021
Ref
11892519
Job Function
Other
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

Department overview:

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, Madrid, Stockholm, Milan, Riyadh 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 contributes on credits with leveraged capital structures and leads research in that market. Dedicated research analysts supporting cross-sector publications complement the department.

The EMEA Consumer and Healthcare team of 21 analysts covers around 130 public and private monitored credits in consumer-related sectors, split between three broad segments, namely Fast-Moving Consumer Goods; Retail, Gaming and Lodging, as well as Healthcare and Pharmaceuticals. Nine members of the team are based in London, with other analysts located in Paris, Milan, Moscow, Frankfurt, Stockholm, Barcelona and Madrid.

Job Description:

As a member of the EMEA Consumer and Healthcare team, you will take lead analytical responsibility on a diversified portfolio of corporate issuers primarily across healthcare- related sectors although it may also encompass companies from the broader consumer space. The portfolio may include both high-yield and investment grade issuers and could involve collaboration with other groups including Fitch's Leveraged Finance Team. 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, Investor Relations or CFO level).

You will also present to and discuss recommendations for new ratings or rating changes holding internal rating committees as well as communicating Fitch's credit opinions externally. You will also be involved with, and 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, as well as some, but not an excessive level, of travel, primarily within Europe (currently severely limited due to the pandemic). The envisaged portfolio comprises a maximum of 15 credits (including ratings and credit opinions). Language skills - particularly French or German - would be helpful but is not essential.

The successful candidate will report to the head of EMEA Healthcare & Pharma corporate team based in London.

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.
  • A strong understanding of, or interest in, the consumer, retailing and healthcare sectors.
  • Strong analytical skills evidenced by experience of at least five years in an analytical or similar role.
  • A strong team spirit, enabling him/her to work seamlessly with other members of the EMEA Corporates 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.
  • Prior experience in leveraged finance and high-yield will be an advantage.
  • Cash-flow modelling and accounting skills


Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.

For more information please visit our websites: www.fitchratings.com | www.fitchsolutions.com | www.fitchlearning.com

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

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.

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