Director, Senior Covenant Analyst

Covenant Review, a division of CreditSights which is a Fitch Solutions company,  is currently seeking a Director, Senior Covenant Analyst based out of our New York City office.  

 

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.

 

About the Team  

Exciting opportunity to be a covenant analyst for our market leading leveraged finance intelligence team at Covenant Review. The role will involve writing research that 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 buyside 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.

 

How You’ll Make an Impact: 

•  Write research reports on broadly syndicated and private credit leveraged loan covenants.  Our analysts follow a name from cradle (new issuance) to grave (bankruptcy).
• Assist with preparation of private credit portfolio analyses and data reports.
• 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.
• Engage with our subscribers as they seek clarification on our research or discuss potential transactions.
• Work alongside colleagues at CreditSights and LevFin Insights to create powerful cross-disciplinary research.
• 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 and indentures.
• 6 years of Big Law experience in leveraged finance.
• Deep understanding of the leveraged finance market and how covenants and financial definitions work in leveraged finance documents.
• Solid business acumen with commercial sensibilities.