Fitch

Associate Director - Fund Finance, Funds & Asset Management - Chicago

Fitch$115K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 4+ years of experience in finance, ideally with funds or structured finance exposure.
  • Bachelor's degree in finance, economics, statistics, accounting, or computer science.
  • Strong analytical skills and proficiency in Excel.
  • Excellent written and verbal communication abilities.

Responsibilities

  • Analyze quantitative and qualitative factors affecting fund credit quality.
  • Lead on-site due diligence meetings with fund managers.
  • Develop new fund and structure rating methodologies based on market demand.
  • Author research on trends impacting covered sectors.
  • Review legal documentation for transactions, including indentures and prospectuses.
  • Create financial models and maintain databases.
  • Present rating recommendations to decision-making committees.
  • Mentor and guide team's growth and development.
  • Engage with industry participants at events.

Benefits

  • Participation in a global team with diverse coverage areas.
  • Opportunity to mentor and develop team members.
  • Engagement with industry leaders and market participants.
  • Access to industry-related research and methodologies.
  • Involvement in developing new rating concepts and practices.
Full Job Description
Associater Director, Funds & Asset Management

Fitch Ratings' Funds & Asset Management group is currently seeking an Associate Director.

Fitch Ratings' Funds & Asset Management group is a global team responsible for fund ratings analysis, methodology and model development, and publication of research on analytical and regulatory developments affecting the asset management sector. The group analyzes and publishes research on private equity fund finance and securitizations, leveraged closed end funds (CEFs), money market funds (MMFs), bonds funds, exchange traded funds (ETFs), local government investment pools (LGIPs), and asset managers.

What We Offer:

The individual who fills this position will support coverage of some of the group's sub-sectors.

We'll Count on You To:
  • Analyze quantitative and qualitative factors influencing the credit quality of funds and structured transactions, including portfolio analysis
  • Lead on-site due diligence review meetings with fund managers
  • Develop new methodologies for rating funds and structures based on market demand
  • Author research on relevant trends affecting the sectors the group covers
  • Review legal documentation for transactions, including indentures, prospectuses, etc.
  • Develop financial models and databases
  • Present rating recommendations to committees
  • Mentor, develop, and direct the group's team members
  • Participate in industry events and interact with investors, bankers, fund managers, and other market participants


What You Need to Have:
  • 4+ years of experience in finance, with exposure to funds or structured finance transactions a plus; the position level will be based on the candidate's experience
  • Sound academic track record to at least a bachelor's degree level, preferably in finance, economics, statistics, accounting, or computer science
  • Strong analytical skills and proficiency in Excel
  • Excellent written and verbal communication skills


What Would Make You Stand Out:
  • Experience with fund finance, including subscription facilities or NAV facilities
  • Knowledge of SQL, VBA, and/or other programming languages
  • Demonstrated track record of initiative and achievement


FOR CHICAGO ROLES ONLY: Expected base pay rates for the role will be between $115,000 and $130,000. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch's total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.

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About Fitch

Fitch Ratings Inc. is a credit rating agency and a subsidiary of Fitch Group, which is owned by Hearst Corporation. Fitch Ratings is headquartered in New York City and London. The company was founded by John Knowles Fitch on December 24, 1913 in New York City as the Fitch Publishing Company. It merged with London-based IBCA Limited in December 1997. In 2000 Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson BankWatch (December). Fitch Ratings is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's.
Learn more about Fitch
Size
10,000 employees
Industry
Founded
1913

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