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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 (“DE”) 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


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