Q1 2023 - Associate Analyst 3 - Corporate Finance

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Department
- The Ratings & Research Support department is responsible for producing analytical inputs in support of Moody’s Ratings and Research function. In addition, this department will provide support for surveillance requirements and partner with R&R to provide the necessary support for issuer and investor interactions.

Role/Responsibilities

**The Role**
The Associate Analyst 3 (AA3) will conduct comprehensive analysis on an assigned portfolio of ratings/credits. The AA3 will perform holistic evaluations of credit risk by integrating credit inputs prepared by others, including Financial Data Analysts (FDAs), RRS Associates and external parties. In conducting credit analysis for their assigned portfolios, transactions or credit reviews, AA3s will actively participate in rating committee discussions and interact with issuers and other market participants, in collaboration with Lead Analysts.

The AA3 role is integral to Moody’s focus on ratings accuracy, research and market outreach. The AA3 role will focus primarily on one Line of Business (LOB), with the potential for cross-training in other LOBs.

**Key Responsibilities**
Portfolio Management
- Performs day-to-day credit analysis related to ratings, research, presentations, and investor outreach. Examples of analytical work produced include:

- Reviewing financial spreadsheets and charts prepared by others, analyzing data and financial statements, building and updating financial forecasts, and writing analytical commentary in accordance with Moody’s methodologies.
- Reviewing transaction documents and building knowledge of cash flow and loss allocation rules (if applicable to LOB).
- Prepares first draft of rating committee memos, in collaboration with Lead Analysts.
- Demonstrates the ability to understand and identify key factors that affect issuer credit ratings.
- Interprets and analyzes financial data and other credit inputs provided by others e.g. FDAs and RRS Associates.
- Monitors credit quality and issuer and/or portfolio trends by following market developments, analyzing issuer reporting, and engaging with issuers directly for follow-up clarification and information.
- As applicable to the LOB, monitors and attends earnings calls of companies within assigned portfolio, including monitoring relevant news events.
- Attends rating committee meetings and is encouraged to participate, including offering analysis and opinion where appropriate.
- May complete Credit Estimates used to assess elements of credit risk in certain rated transactions.

Research & Investor Outreach
- Prepares first draft of core research as applicable to the LOB e.g. credit opinions, issuer and sector comments, press releases, pre sale and new issue reports etc. in collaboration with Lead Analysts.
- Contributes to research strategy, including idea generation and preliminary drafting, adhering to Moody’s research standards.
- Attends investor briefings and issuer meetings as required; may help prepare presentation materials; arrives prepared to engage in discussions.
- Builds positive relationships with market participants, including issuers - displays initiative to understand the issuer’s business and proactively responds to issuer enquiries.

Credit Administration
- Performs analytical tasks related to portfolio reviews and other credit projects (e.g. liquidity reviews).
- Operates applicable ratings and research systems and utilizes software specific to the rating group. Identifies all issues with data for follow up with Lead Analyst.

Coaching & Guidance
- Provides clear, concise and constructive guidance in the delegation of work to Associates (if applicable), actively managing workload pipeline in order to provide sufficient time for completion.
- Seeks Associate Analyst Team Manager (AATM) guidance where needed to determine how to allocate work.
- Provides feedback to AATM on the quality and accuracy of work produced by Associates, along with providing constructive and proactive feedback to Associates and FDAs.
- Actively participate in training and mentoring of new AAs, Associates and FDAs.

**Qualif