Credit Analyst - Milano, Italia - Fitch Ratings

Descrizione

Fitch Ratings
Category:Credit Analysis & Research
Location:Milan, Milan, IT
Date Posted:Oct 31, 2023
GIG is currently seeking a Director based out of our Milan or Madrid office.

• The Global Infrastructure and Project Finance Group (GIG) is responsible for the credit ratings of companies and nonrecourse project finance transactions mainly in the transportation, energy, and social infrastructure sectors. Globally, GIG consists of around 80 analysts with backgrounds particularly in project finance, structured credits and corporate finance.
• The portfolio includes public and private ratings covering a variety of transaction types, including project finance, corporate finance and structured credits. The issuers include owners of airports, toll roads, ports, rail infrastructure, power plants, oil and gas facilities, renewable assets or public private partnerships. The team's output consists mainly of annual surveillance reviews, new ratings and sector research reports which are published primarily through Fitch's website. The senior analysts present regularly to market participants at conferences and other events.
• Based in our Milan or Madrid office, you will report to the EMEA Head of Energy Infrastructure. You will be one of the few senior GIG representatives in the Fitch Milan or Madrid office and you will supervise other junior GIG employees, some of them in direct report line. You will have analytical responsibility for new and existing rating transactions, primarily within the energy sector (e.g. thermal power, renewables and oil & gas as well as pipelines and transmission lines), but could also include Social Infrastructure and Transportation sector. In addition, you will be involved in the writing and publishing of research projects as well as leading outreach activities for the transport sector.

• An inclusive atmosphere based on a culture of continual learning through curiosity, outspoken debate and collaboration and in pursuit of the highest analytical standards
• The personable, friendly environment of a smaller team with the security and support from large and wellestablished group
• Significant personal development opportunities

• Be the sector expert for EMEA on one or two of energy subsectors
• Undertake, as Primary or Secondary Analyst, credit ratings on new transactions
• Conduct regular reviews on a number of existing public and private ratings
• Closely follow developments surrounding rated transactions and the overall infrastructure sector, assessing the potential impact on the transaction and maintaining contact with related parties
• Present credits to internal rating committees
• Participate and contribute in rating committees for other rated transactions
• Prepare rating action as well as nonrating action commentaries and reports for publication
• Represent Fitch in external meetings and discuss GIG criteria, rating approach and sector trends with Bankers, Issuers and Investors
• Participate and contribute in internal discussions on sectorwide credit issues
• Lead in the preparation of special research reports
• Lead in internal project initiatives to enhance systems, modelling and criteria
• Lead in outreach activities, including conducting research and drafting presentations

• Ability to identify quickly the key risk factors in a transaction
• Solid experience in analytical roles within a credit rating agency, financial services firm, investment management or corporates within the transport infrastructure sector
• Understanding and exposure to both project finance and corporate structures
• Prior experience in the infrastructure sector
• Excellent Excel and financial modelling skills to support your analysis. Equally, Word and Power Point skills are a requisite
• Demonstrable superior written and verbal communication skills coupled with the ability to formulate and deliver clear and concise opinions within robust analytical rationale
• Fluency in English is a prerequisite
• Show flexibility, be empathetic, fully autonomous and take responsibility of your job
• Have initiative, propose solutions and ideas as well as be able to work with tight deadlines in a fastpaced and multicultural environment to achieve clear goals
• Be able to appreciate the wider regulatory environment in which Fitch operates.

• Some experience in energy infrastructure would be an advantage
• Fluency in an additional language than English would be an advantage

• 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 d