Fitch Solutions Leveraged Financial Intelligence is seeking a mid-level leveraged finance lawyer to join our market leading team at Covenant Review. The role is for a Legal Analyst responsible for assessing loan documents and inputting data derived from such documents into our proprietary documentation scoring system. The documentation scores are a key element of Covenant Review's array of content providing insight into documentation quality in the levfin markets, which is consumed by a broad spectrum of leveraged finance market participants including hedge funds, CLOs, law firms, and sell-side financial institutions.
A keen eye for detail, issue spotting, transaction structuring ("Can they do it?"), transaction deconstruction ("How did they do that?"), and impeccable writing are necessary skills for this role. The key skill set, however, is the ability to deconstruct complex issues or contract provisions and summarize them in concise but precise language that is understandable by the most junior research analyst and sophisticated enough for the most senior law firm partner. We expect that candidates for this role have deep familiarity with the leveraged finance market preferably from the perspective of both the buy side and the sell side.
The compensation for this position is competitive with in-house legal positions of similar seniority, but superior in many ways. Our covenant analysts work fixed hours, with no late night or weekend work. In addition, our analysts get all the benefits of working for Fitch Solutions, a leading financial information services company, while at the same time being immersed in Covenant Review's start-up culture. KEY RESPONSIBILITIES
- Using existing research reports, pinpoint key terms and input data into documentation scoring database.
- Using credit agreements and other loan documentation, identify fundamental provisions and input data into documentation scoring database.
- Communicate with clients to gather source documents.
- Communicate with members of the Covenant Review loan analyst and data teams.
- Work closely with Head of US Leveraged Loan Research.
- Meet tight deadlines.
- The ideal candidate is a mid-level lawyer with experience drafting, negotiating, and reviewing leveraged finance documentation, including credit agreements and indentures.
- 3+ years of Big Law experience in leveraged finance.
- Understanding of the leveraged finance market and how covenants and financial definitions work in leveraged finance documents.
- Solid business acumen with commercial sensibilities.
- Experience communicating with business principals on complex leveraged finance issues
- Experience working on deadline.
- Law degree. Member in good standing of the New York Bar.
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, an industry-leading provider of credit risk products and 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.
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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 asked to declare any securities holdings and other potential conflicts for you and your Family Members prior to commencing employment. If you, or your Family Members, have any holdings that may conflict with your work responsibilities, they must be sold before beginning work. In certain roles, employees and their Family Members may be limited to investments in diversified mutual funds only.
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