Director, Senior Covenant Analyst
Director, Senior Covenant Analyst

Director, Senior Covenant Analyst

London Full-Time 72000 - 108000 £ / year (est.) No home office possible
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At a Glance

  • Tasks: Lead research on leveraged finance covenants and write insightful reports for market participants.
  • Company: Join Fitch Group, a global leader in financial information services with a diverse and inclusive culture.
  • Benefits: Enjoy competitive pay, fixed hours, and the perks of a start-up environment at Covenant Review.
  • Why this job: Be a key player in shaping market conversations and establishing yourself as a subject matter expert.
  • Qualifications: Must have 7+ years in leveraged finance law, a law degree, and strong communication skills.
  • Other info: Work in a collaborative environment where every voice matters and your impact is recognized.

The predicted salary is between 72000 - 108000 £ per year.

This job is brought to you by Jobs/Redefined, the UK’s leading over-50s age inclusive jobs board.

Senior Covenant Analyst

Covenant Review is currently seeking a Director – Senior Covenant Analyst based out of our London office.

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 leveraged loans team as a Senior Covenant Analyst. 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.

What We Offer:

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.

We’ll Count on You To:

  1. Write research reports on broadly syndicated and private credit leveraged loan covenants. Our analysts follow a name from cradle (new issuance) to grave (bankruptcy).
  2. Assist with preparation of private credit portfolio analyses and data reports.
  3. Write event-driven research and reports on special situations as they develop in the market.
  4. 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.
  5. Engage with our subscribers as they seek clarification on our research or discuss potential transactions.
  6. Establish credibility in the market as a subject matter expert on leveraged finance.
  7. Meet tight deadlines for publication.

What You Need to Have:

  1. The ideal candidate is a senior lawyer with extensive experience drafting, negotiating, and reviewing leveraged finance documentation, including credit agreements and indentures.
  2. 7+ years of City Law Firm experience in leveraged finance.
  3. Deep understanding of the leveraged finance market and how covenants and financial definitions work in leveraged finance documents.
  4. Law degree. Practicing Solicitor in England & Wales.
  5. Solid business acumen with commercial sensibilities.
  6. Experience communicating with business principals on complex leveraged finance issues.
  7. Experience working on deadline.

What Would Make You Stand Out:

  1. Solid business acumen with commercial sensibilities.
  2. Experience communicating with business principals on complex leveraged finance issues.
  3. Experience working on deadline.

Why Fitch?

At Fitch Group, the combined power of our global perspectives is what differentiates us. Our global network of colleagues comes together to accomplish things greater than they ever could alone.

Every team member is essential to our business and each perspective is critical to our success. We embrace a diverse culture that encourages a free exchange of ideas, guaranteeing your voice will be heard and your work will have an impact, regardless of seniority.

We are building incredible things at Fitch and we invite you to join us on our journey.

CreditSights, Covenant Review and LevFin Insights are becoming one, bringing together best in class research, covenant analysis and news on a new platform, with a unified interface and login. Now more than ever before, we give our clients the ability to KNOW MORE, RISK BETTER.

CreditSights was founded over 20 years ago with the goal of producing insightful, impartial research that would allow our clients to make prudent, profitable investment decisions in the global credit markets. CreditSights is a Fitch Solutions Company.

Our global institutional client base includes banks, investment advisors, mutual funds, pension managers, insurance companies, hedge funds, private equity investors and corporations. The independent research we provide is a leading voice in global credit markets, with our experts contributing to market news in Bloomberg, The Wall Street Journal, Forbes, Financial Times, Business Insider, Barron’s and many more.

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.

Fitch Group is proud to be an Equal Opportunity and Affirmative Action Employer. We evaluate 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.

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Director, Senior Covenant Analyst employer: Fitch Group

At Covenant Review, we pride ourselves on being an exceptional employer, offering a unique blend of competitive compensation and a supportive work culture that prioritizes work-life balance with fixed hours and no late-night or weekend work. Our London office fosters an inclusive environment where diverse perspectives are valued, providing ample opportunities for professional growth and development within the leveraged finance sector. Join us to be part of a dynamic team that is shaping the future of financial research while making a meaningful impact in the industry.
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Contact Detail:

Fitch Group Recruiting Team

StudySmarter Expert Advice 🤫

We think this is how you could land Director, Senior Covenant Analyst

✨Tip Number 1

Make sure to familiarize yourself with the latest trends and developments in the leveraged finance market. This will not only help you in interviews but also demonstrate your commitment and expertise in the field.

✨Tip Number 2

Engage with industry professionals through networking events or online platforms like LinkedIn. Building relationships with people in the leveraged finance sector can provide valuable insights and potentially lead to referrals.

✨Tip Number 3

Prepare to discuss specific examples from your past experience where you've successfully deconstructed complex financial issues or contracts. This will showcase your analytical skills and ability to communicate effectively.

✨Tip Number 4

Stay updated on the latest research and reports published by Covenant Review and similar organizations. Being knowledgeable about their work will allow you to speak intelligently about their methodologies and findings during the interview process.

We think you need these skills to ace Director, Senior Covenant Analyst

Extensive experience in leveraged finance documentation
Strong drafting and negotiating skills
Deep understanding of covenants and financial definitions
Ability to deconstruct complex legal issues
Impeccable writing skills
Experience in writing research reports
Solid business acumen with commercial sensibilities
Effective communication with business principals
Ability to meet tight deadlines
Familiarity with both buyside and sellside perspectives
Law degree and practicing solicitor status in England & Wales
Experience in event-driven research
Analytical skills for transaction structuring and deconstruction

Some tips for your application 🫡

Tailor Your CV: Make sure your CV highlights your extensive experience in leveraged finance, particularly your work with credit agreements and indentures. Use specific examples that demonstrate your ability to draft, negotiate, and review complex financial documentation.

Craft a Compelling Cover Letter: In your cover letter, emphasize your keen eye for detail and your ability to deconstruct complex issues. Mention your experience communicating with business principals and how it has prepared you for this role. Make it clear why you are passionate about joining Covenant Review.

Showcase Your Writing Skills: Since impeccable writing is crucial for this position, consider including a sample of your research or analysis work. This will showcase your ability to summarize complex information in a concise and precise manner, which is essential for the role.

Highlight Relevant Experience: Clearly outline your 7+ years of experience in City Law Firms and your deep understanding of the leveraged finance market. Be specific about your roles and responsibilities, especially those that involved working under tight deadlines and producing high-quality research.

How to prepare for a job interview at Fitch Group

✨Showcase Your Legal Expertise

Make sure to highlight your extensive experience in drafting, negotiating, and reviewing leveraged finance documentation. Be prepared to discuss specific cases where your legal knowledge made a significant impact.

✨Demonstrate Your Analytical Skills

Prepare to explain how you deconstruct complex issues or contract provisions. Use examples from your past work to illustrate your ability to summarize intricate details in a clear and concise manner.

✨Engage with Market Trends

Stay updated on the latest trends in the leveraged finance market. Be ready to discuss recent developments and how they might affect covenant analysis, showcasing your understanding of both buyside and sellside perspectives.

✨Communicate Effectively

Practice articulating complex leveraged finance issues in a way that is accessible to various audiences. This will demonstrate your ability to engage with subscribers and establish credibility as a subject matter expert.

Director, Senior Covenant Analyst
Fitch Group
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  • Director, Senior Covenant Analyst

    London
    Full-Time
    72000 - 108000 £ / year (est.)

    Application deadline: 2027-01-26

  • F

    Fitch Group

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