Research Analyst - 1811638
Company: FIDELITY INVESTMENTS
Location: Boston, MA
Posted on: October 1, 2018
Job Description:
Duties: Serves as a high-income analyst responsible for the broadcasting, diversified media, travel services, and lodging
sectors. Carries out fundamental high yield credit analysis using a
variety of resources, including financial statements, regulatory policy
documents, industry publications, economical statistical data, leveraged
loan credit agreements, bond indentures, industry conferences, and
regular meetings with company management. Primary Responsibilities: • Develops buy/sell recommendations on a company’s entire
capital structure, including bank debt, bonds, and equity. • Underwrites risk positions and maintains credit/equity surveillance. • Serves as an in-house sector expert and fundamental
thought leader in the broadcasting, diversified media, travel services,
and lodging sectors. • Creates and maintains Excel-based financial models,
analysis, and projections. • Develops ad hoc briefings and research for portfolio
managers and sector leaders. • Presents sector views and opinions. • Participates in monthly investment team meetings. • Maintains coverage of assigned sector stocks, leveraged
loans, and bonds held in the portfolio, including performing industry
analysis, monitoring trends, and developing a view regarding the
relative attractiveness of the assigned sub-sectors. • Maintains up-to-date recommendations and target prices
for stocks, leveraged loans, and bonds. • Creates and maintains proprietary financial models and
valuation analysis. • Monitors investment thesis to track the progress of dynamics
and critical variables. • Communicates updates and recommendations to portfolio
managers and sector team. Requirements: Master’s degree (or foreign education
equivalent) in Finance, Accounting, Statistics, Business Administration,
Mathematics, or a closely related field and two (2) years of experience in
the job offered or two (2) years of experience performing buy-side
fundamental high-yield fixed income, distressed asset, and equity
research. Candidate must also possess: Demonstrated Expertise (“DEâ€)
performing industry analysis, including supply-demand models,
macroeconomic forecasting, quantifying pace of technology innovation, running
self- directed channel checks with executives of comparable
companies, building MS Excel forecast/valuation models with multiple
operating and capital structure scenarios, and running Capital IQ/Bloomberg
screens for idea generation; DE analyzing the legal aspects of
distressed credit investing, including both distressed debt waterfall valuation
for claims at each level of a capital structure in
restructuring/bankruptcy situations; and interpreting and amending credit agreements
in performing credit situations with a focus on covenant analysis
to quantify limitation on liens, debt incurrence, and restricted
payments; DE building and executing proprietary processes to analyze and
identify investments with superior risk-adjusted returns, applied across
asset classes -- equities, bonds, loans, and convertible bonds;
and independently presenting investment recommendations to
portfolio managers; DE evaluating investments in leveraged buyout
capital structures; and analyzing leveraged buyout transactions,
including sourcing and evaluating private equity investment
opportunities, conducting inside due diligence, and leading a leveraged buyout
process. To apply visit, https://jobs.fidelity.com and search for
1811638.
Keywords: FIDELITY INVESTMENTS, Providence , Research Analyst - 1811638, Finance , Boston, MA, Rhode Island