U.S. Public Finance - Municipal Infrastructure, Senior Analyst - San Francisco

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.
• Demonstrate the ability to work both collaboratively within a team and independently with minimal supervision while contributing to broader team objectives.
• 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.
• Ability to work both collaboratively within a team and independently with minimal supervision.
• 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.

Benefits

• Hybrid Work Environment: 3 days a week in office required.
• Evaluation of Securities Holdings: Prior to employment, you may be asked to declare any securities holdings and other potential conflicts.
• Training and Development: Dedicated trainings, leadership development, and mentorship programs designed to ensure continuous learning.
• Retirement Planning: Retirement planning and tuition reimbursement programs.
• Health and Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing.
• Parenting Policies: Family-friendly policies, including a generous global parental leave plan.
• Employee Resource Groups: Uniting and empowering colleagues around the globe.
• Volunteering: Paid volunteer days, matched funding for donations, and ample opportunities to volunteer in your community.
• AI Integration: Intelligent solutions are increasingly part of daily operations, supporting smarter decision-making and enhancing workflow efficiency.

Pay

Competitive compensation package, including base salary and performance-based incentives.

Schedule

Hybrid schedule: 3 days a week in office required.