Analyst Listed Debt

    AXA IM Published: June 9, 2021
    Location
    Puteaux, France
    Job Type

    Description

    Key Accountabilities

    What?

    • Analysis of credit risk of issuers: 125 issuers followed within a preselected 700-issuer universe
    • Provide relevant sector analysis to support FM decisions throughout 17 sub-sectors
    • Identify relative value into both Infra & Real estate markets throughout 15 countries worldwide
    • Portfolio Management & Monitoring (performance analysis, cash, guidelines, hedging strategies)
    • High volume of bonds/derivatives (> 1,000 trades over Q4 20, €9bn transactions since 2011)

    How ? (below a focus on the main task: credit analysis)

    • Meticulous analysis of the annual reports of property & infrastructure companies
    • Comparing with the main peers within the relevant sub-sector
    • Cross-analysis of existing research notes to identify points of divergence & justify them
    • Take a step back, depending on the key risks identified, to focus on capital structure, strategy, sources of income, sector/regulatory specificities governing them (type of contracts, pricing/indexation, regulatory model), performance (key operational ratios, growth), financial health, specific features of the underlying assets of the sector concerned, development issues, risks to be monitored in the medium term
    • Distinguish the "financial communication" provided by companies from a "financial analysis" in order to develop critical thinking and highlight the major risks and issues related to these companies
    • Justify all information by using facts, precise sources, justified elements, cross-referenced analyses
    • Write structured docs with effective drafting that is directly usable for investment purposes
    • Present the work in an audible, convincing way in order to maintain the attention of the audience
    • Make the difference between written analysis & its presentation: requiring different skills each

    3) Why ?

    • to bring value-added ideas to support daily investment decision
    • to provide strong performance for the clients

     

    Role Requirements

    Education/Qualifications

    • Engineer or business school degree with specialization in finance / Real Estate

    Experience

    • Previous experience in real estate or investment banking (ideally with formal real estate qualifications)
    • Knowledge and Skills
    • Advanced mastery of Excel modelling (cash flow & performance analysis, asset valuation)
    • Knowledge of Bloomberg & law is a plus
    • Proven skills in financial analysis and valuation
    • Strong interest in the real-estate/infrastructure financing
    • Experience in, or at least have a solid understanding of, real estate sectors at least across Europe
    • Fluency in French & English

    Competencies

    • Team spirit, flexibility and the ability to work under pressure
    • Motivation to learn and progress in a fast-growing environment (“start-up spirit”)
    • Thoughtfulness and ability to synthesize
    • Strong analytical skills
    • Solid presentation skills
    • Rigorous and self-motivated

    APPLY HERE

    Related Jobs

    Analyst Listed Debt   Puteaux, France
    June 23, 2021