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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, Framingham , Research Analyst - 1709368, Finance , Boston, MA, Massachusetts


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