Director, Covenant Analyst

Covenant Review is currently seeking a Director—Covenant Analyst based out of our New York office.  

 

Exciting opportunity to be a covenant analyst for our market leading leveraged finance intelligence team at Covenant Review.  We are seeking a seasoned leveraged finance lawyer to join our team as a Director—Covenant Analyst.  The role involves (1) producing insightful leveraged finance research in a variety of contexts that is consumed by a broad spectrum of leveraged finance market participants including hedge funds, CLOs, law firms, and sell-side financial institutions and (2) participating in thought leadership presentations on leveraged finance topics to the market.

 

A keen eye for detail, issue spotting, transaction structuring (“Can they do it?”), transaction deconstruction (“How did they do that?”), impeccable writing, and the ability to present and explain complicated concepts to a broader audience are necessary skills for this role.  The key skill set, however, is the ability to deconstruct complex issues or contract provisions and then summarize them in both written research as well as subscriber calls or presentations.    We expect that candidates for this role have deep familiarity with documentation concepts in the leveraged finance market. 

 

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 a hybrid working environment.  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 attorney-centric culture. 

 

Celebrating its 25th anniversary this year, CreditSights continues to offer award-winning, unbiased research on global credit markets, empowering clients to make informed investment decisions. With offices in New York, London, Singapore, Glasgow, Denver, and Charlotte, we serve a diverse global institutional client base, including banks, investment advisors, mutual funds, and hedge funds. As a leading voice in credit research, our expert insights are featured in top publications such as Bloomberg, The Wall Street Journal, and Financial Times. As a Fitch Solutions Company, CreditSights provides a dynamic environment fostering professional growth and innovation, where you collaborate with seasoned analysts to deliver critical intelligence in complex financial markets.

Working at CreditSights offers the chance to be part of a premier independent credit research firm, renowned for its in-depth analysis and insights. You'll collaborate with a team of seasoned analysts, delivering critical intelligence that helps clients navigate complex financial markets. This dynamic environment encourages professional growth and innovation, enabling you to make a meaningful impact in the field of credit research.

 

How You’ll Make an Impact: 

Key Responsibilities include:

• Write research reports on high yield bond and investment grade bond covenants.  Our analysts follow a name from cradle (new issuance) to grave (bankruptcy).
• Write event-driven research and reports on special situations as they develop in the market.
• Write research for our growing library of covenant primers targeted at our less sophisticated subscribers.
• Write market leading reports that set the conversation on new trends and market developments.
• Participate in thought leadership presentations and webinars to our subscribers and prospects to help the market understand complex concepts, recent case studies, or documentation trends, whether virtually or in person.
• Engage with our subscribers as they seek clarification on our research or discuss potential transactions.
• Establish credibility in the market as a subject matter expert on leveraged finance.
• Meet tight deadlines for publication.

 

 

You May be a Good Fit if:

• The ideal candidate is a senior lawyer with extensive experience drafting, negotiating, and reviewing leveraged finance documentation, including credit agreements or indentures. 6+ years of Big Law experience in leveraged finance.
• The ideal candidate is comfortable participating in subscriber calls or presentations on thought leadership topics in the leveraged finance market.
• Ability to communicate complex issues clearly and engage with sophisticated credit investors.
• Deep understanding of the leveraged finance market and how covenants and financial definitions work in leveraged finance documents.

 

What Would Make You Stand Out: 

• The ideal candidate has experience in distres