Job Description

Fitch Ratings is currently seeking an experienced analyst, at the Associate Director or Director level based out of our Sydney office.

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

Want to learn more about a career as a credit analyst at Fitch Ratings? Visit: https://careers.fitch.group/content/Credit-Analysts/

About the Team

Fitch Ratings’ APAC Corporates, Infrastructure and Project Finance (CIPF) Group provides public and private ratings of companies and their debt instruments, as well as ratings for project finance and infrastructure transactions across the Asia-Pacific region. Fitch is seeking an Associate Director/Director, based in our Sydney office, who will be focused on infrastructure and project finance ratings.

How You’ll Make an Impact:

In this role, you will have lead analytical responsibility for rating transactions primarily in Australia across Transportation, Public-Private Partnership (PPP) and Power & Renewable sectors. The rated issuers may be project finance special purpose vehicles (SPVs) or enterprises operating within these sectors.

Your responsibilities will involve leading the analysis of new transactions as well as conducting surveillance on existing publicly or privately rated transactions. In addition, you will contribute to writing and publishing research reports.

Specific responsibilities will include but may not be limited to the following:

• Undertake, as a Secondary or Primary Analyst, credit ratings on new transactions as well as monitoring existing ratings.
• Prepare rating action commentaries for publication.
• Closely follow market developments surrounding rated transactions and their sectors, assessing the potential impact on the transaction and maintaining contact with related parties.
• Present credits to internal rating committees.
• Participate in, and contribute to, rating committees for other rated transactions.
• Participate in internal discussions on sector-wide credit issues that could lead to publication of research reports.

You May be a Good Fit if:

• A minimum of 7 years relevant experience in a capital markets and/or credit analysis role;
• Solid analytical experience within the infrastructure sector at a financial services firm; ideally, including transactions in the Australian market;
• Strong ability to quickly identify key risk factors in a transaction;
• Excellent Excel and financial modelling skills to support analysis, along with sound understanding of capital structures and financial documentation;
• Proven ability to formulate and deliver clear and concise opinions backed by robust analytical rationale, with regular interaction expected with ratings committees, issuers, bankers and other external parties;
• Ability to ask probing questions of companies and their advisers and to remain fully informed about sector trends to assess their impact on specific transactions; and
• Demonstrated written and verbal communication skills in English.

Given the requirement for rating agencies to provide independent opinions, strength of character and discipline is required and you must be able to appreciate the wider regulatory environment in which Fitch operates. You should be able to work independently in an international environment while also being a good team player, being able to cope with time pressure and deadlines, handle multiple assignments simultaneously, and being happy to travel for short periods.

What Would Make You Stand Out:

• A degree in Finance, CPA/CFA qualifications are beneficial but not essential.
• Relevant experience across infrastructure sectors in Australia at a credit rating agency, investor/asset manager, sell-side research or other credit role.

Why Choose Fitch:

• Hybrid Work Environment: 3 days a week in office required
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

At Fitch, AI is embedded in how we work every day—supporting smarter decision-making, streamlining workflows, and enabling new ways to create value for our business and clients. Intelligent solutions are increasingly part of our day-to-day operations, helping teams work more efficiently and think differently as we continue to evolve. We’re looking for colleagues who are comfortable operating in an AI-enabled environment—or who are curious, adaptable, and eager to build their AI literacy over time. We value professionals who embrace technology as part of continuous learning and who are committed to using it thoughtfully to enhance how work gets done.

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 interest 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 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.