U.S. Public Finance - Municipal Infrastructure, Senior Analyst - Chicago

About the role

The role sits within the U.S. Municipal Infrastructure team, which is part of Fitch Ratings’ broader U.S. Public Finance group. This team provides ratings to municipal issuers in the infrastructure and transportation sectors, including airports, toll roads, and seaports.

Responsibilities

• Conduct in-depth analysis of U.S. municipal infrastructure issuers by evaluating financial statements, legal documents, and other relevant qualitative and quantitative information.
• Maintain a portfolio of credit ratings across airports, toll roads, and seaports; prepare and present credit views at rating committees; and deliver timely and accurate rating commentary for credits under your primary analyst coverage.
• Lead ratings analysis and execution for new and existing U.S. municipal infrastructure transactions.
• Identify relevant sector and market trends, assess their credit impacts, and communicate these trends in publishable research, including sector commentary.
• Participate in issuer meetings and industry conferences, engaging with issuers, investment bankers, financial advisors, and other market participants.

Requirements

• Have 2+ years of public finance and infrastructure credit experience at a bank credit department, a rating agency, a buy side credit department, etc.
• Demonstrate excellent written and verbal communication skills, with the ability to present analytical conclusions clearly and concisely.
• Possess strong modeling skills and the ability to perform cash flow analysis using analytical tools or spreadsheet-based financial models.
• Exhibit strong analytical and critical thinking skills.
• Be highly organized and efficient, with the ability to manage multiple priorities, meet tight deadlines, and display a strong degree of flexibility to take on additional responsibilities, as required.

Qualifications

• A master’s degree in finance, business or public administration.
• Experience at a rating agency or in ratings advisory.
• A strong understanding of, and interest in, infrastructure and public finance.
• A professional background in capital markets and/or credit analysis.
• Familiarity with credit rating methodologies and committee-based analytical processes.
• CFA designation.

Skills

• Strong modeling skills and the ability to perform cash flow analysis using analytical tools or spreadsheet-based financial models.
• Excellent written and verbal communication skills.
• Strong analytical and critical thinking skills.
• Highly organized and efficient.
• Ability to manage multiple priorities, meet tight deadlines, and display a strong degree of flexibility to take on additional responsibilities.

Benefits

• Hybrid Work Environment: 3 days a week in office required.
• Evaluation of qualified applicants without regard to race, color, national origin, religion, sex, sexual orientation, gender identity, disability, protected veteran status, and other statuses protected by law.
• Retirement planning and tuition reimbursement programs.
• Comprehensive healthcare offerings.
• Family-friendly policies, including a generous global parental leave plan.
• Employee Resource Groups that unite and empower our colleagues around the globe.
• Paid volunteer days, matched funding for donations, and ample opportunities to volunteer in your community.

Pay

Expected base pay rates for the role will be between $80,000 and $95,000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education, training, experience, past performance, and other job-related factors. Base pay is one part of Fitch's total compensation package, which, depending on the position, may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch.

Schedule

Hybrid Work Environment: 3 days a week in office required.