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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 you to make important credit judgments with confidence.
The Global Infrastructure and Project Finance Group (GIG) is currently seeking a Director level caliber based out of our Singapore office.
The Global Infrastructure and Project Finance Group (GIG) is responsible for the credit ratings of companies and non-recourse project finance transactions mainly in the transportation, energy, and social infrastructure sectors. Globally, GIG consists of around 95 analysts with backgrounds particularly in corporate finance, structured finance, project finance and public finance. In the Asia-Pacific (APAC), the team comprises of analysts based in Singapore, Hong Kong, Sydney, Shanghai, Jakarta and Mumbai.
The portfolio includes public and private ratings covering a variety of transaction types (project finance, corporate finance and structured finance). The assets include airports, toll roads, ports, rail infrastructure, power plants, oil and gas facilities, wind and solar parks, public private partnership (PPP) transactions (schools and hospitals etc.). The portfolio consists of c650 credits with 48% in North America, 16% EMEA, 27% in Latam and growing 9% in APAC. In APAC we currently rate c60 transactions in India, Indonesia, China, Singapore, Taiwan, Vietnam and Australia and seeing a sizeable increase in new transactions. 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.
The APAC team report to GIG’s Head of APAC based in Singapore.
What We Offer:
- High value for independent opinion
- Leadership role in the analytic team
- Collaborative work environment, with and across teams
- Significant external outreach element
- Great company culture with strong believe in DEI
- Hybrid working
We’ll Count on You To:
In this role, you will have the lead analytical responsibility for rating transactions across Asia within Transportation, PPP and Power & Renewable sectors. The rated issuers may be project finance SPVs or enterprises active in these sectors.
Your involvement will take the form of leading on the analysis of new transactions, surveillance on existing publicly or privately rated transactions. In addition, you will be involved in the writing and publishing research reports.
Specific responsibilities will include but may not be limited to the following:
- Undertake, as a Secondary or Primary Analyst, credit ratings on new transactions as well as monitoring on existing ratings.
- Prepare rating action commentary for publication
- Closely follow market developments surrounding rated transactions and their sectors, 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.
- Participate in internal discussions on sector-wide credit issues that could lead to publication of research reports.
What You Need to Have:
- A minimum of 10 years’ experience for Director level;
- Solid experience within the infrastructure sector in an analytical role within a financial services firm; experience will need to include transactions in the APAC region, in particular the South & South East Asia;
- Ability to identify quickly the key risk factors in a transaction;
- Good understanding of some sectors, developed excellent Excel and financial modelling skills to support analysis, as well as gathered an understanding of capital structures and financial documentation;
- Ability to formulate and deliver clear and concise opinions within robust analytical rationale as you will have regular interaction with ratings committees as well as issuers, bankers and other external parties;
- Ability to ask probing questions of companies and their advisers and keep fully up to date with sector trends in order to assess the impact on particular transactions; and
- Demonstrated written and verbal communication skills in English.
Given the requirement for rating agencies to provide independent opinions, strength of character and discipline is required and you must be able to appreciate the wider regulatory environment in which Fitch operates. You should be able to work independently in an international environment while also being a good team player, being able to cope with time pressure and deadlines, handle multiple assignments simultaneously, and being happy to travel for short periods.
What Would Make You Stand Out:
- A degree in Finance, CPA/CFA qualifications are beneficial but not essential.
- Relevant experience across infrastructure sectors in South-east Asia and South Asia at a credit rating agency, investor/asset manager, sell-side research or other credit role
- Any other Asian languages are beneficial.
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.
