Senior Covenant Analyst Senior Covenant Analyst …

Fitch Ratings
in New York, NY
Internships & Graduate Trainee, Full time
Be the first to apply
Fitch Ratings
in New York, NY
Internships & Graduate Trainee, Full time
Be the first to apply
Senior Covenant Analyst
Exciting opportunity to be a covenant analyst for our market leading leveraged finance intelligence team at Covenant Review. We are seeking seasoned leveraged finance lawyers to join our team as Senior Covenant Analysts. 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 sellside.

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.

  • Write research reports on leveraged loan covenants. Our analysts follow a name from cradle (new issuance) to grave (bankruptcy).
  • Write research reports on middle market loan covenants, as needed.
  • Assist with preparation of middle market 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.
  • Establish credibility in the market as a subject matter expert on leveraged finance.
  • Meet tight deadlines for publication.

  • 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.
  • Experience communicating with business principals on complex leveraged finance issues.
  • Experience working on deadline.

  • Law degree. Member in good standing of the New York Bar.


At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity, employees work in an environment where they can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

Fitch Group is a global leader in financial information services with operations in more than 30 countries. Wholly owned by the Hearst Corporation, we are comprised of three main businesses: Fitch Ratings | Fitch Solutions | Fitch Learning.

For more information please visit our websites: | |

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interests or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.

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