Research Analyst - 1709368
Company: Fidelity Investments
Location: Boston, MA
Posted on: October 20, 2017
Job Description:
Duties: Serves as a high-income analyst responsible for the automotive/services sectors. Carries out fundamental equity
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. Develops
buy/sell recommendations on a company’s entire capital structure,
including bank debt, bonds, and equity. Primary Responsibilities: • Underwrites risk positions and maintains credit/equity surveillance. • Serves as an in-house sector expert and fundamental
thought leader in the automotive/services 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 independently researching
and recommending investments across the capital structure, including
in non- investment grade companies, within both non-cyclical and
cyclical American and European industries on the buy-side. 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 recommending investments in a relative value credit
environment, including generating alpha through both overweight and
underweight investments in B and BB rated credits by assessing future
fundamental positioning, free cash flow generation and leverage metrics;
and applying fixed income mathematics to compute credit spreads
through MS Excel and Bloomberg models; DE analyzing the legal aspects of
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 quantifying 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. To apply, visit http://jobs.fidelity.com and search for Job
Number 1709368.
Keywords: Fidelity Investments, Newton , Research Analyst - 1709368, Finance , Boston, MA, Massachusetts