Associate Director, Global Infrastructure Group

**Company Overview**:
Fitch Group is a global leader in financial information services with operations in more than 30 countries. Fitch Group is comprised of: Fitch Ratings, a global leader in credit ratings and research; Fitch Solutions, a leading provider of credit market data, analytical tools and risk services; and Fitch Learning, a preeminent training and professional development firm. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

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 help investors to make important credit judgments with confidence.

As a global credit rating agency, Fitch Ratings gauges the ability of entities and instruments to meet their credit obligations. Investors and financial market participants rely on multiple sources, and the credit rating - indicating how an issue or transaction is likely to perform over time - is one of their key inputs. In this way, we help investors map potential credit risks.

Fitch Solutions, a subsidiary of Fitch Ratings, provides a range of industry-leading products and professional development services to the global financial community. In addition to offering proprietary market-based content, it distributes the ratings, research and financial data of Fitch Ratings through a variety of flexible platforms. With innovation and experience behind every solution it brings to market, our offerings are designed to meet the diverse needs of the fixed-income markets.

**Department overview**:
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.

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 c700 credits with 48% in North America, 16% EMEA, 27% in Latam and growing 9% in APAC. In APAC we currently rate c55 transactions in India, Indonesia, China, 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.

**Responsibilities**:
Based in Singapore, you will have 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.

**Qualifications and experience**:
The ability to identify quickly the key risk factors in a transaction is an essential requirement. You will already have gained a solid experience over a few years within the infrastructure sector in an analytical role within a financial services firm. Your experience will need to include transactions in the APAC region, with some specific experience in China will be preferred. As a result, you will have good understanding of some sectors, developed excellent Excel and financial modelling skills to support your analysis, as well as gathered an understanding of capital structures and financial documentation.

You will have atleast seven years’ ex