Rating Advisory

About Copal Partners

Copal Partners, a Moody’s company, is widely regarded as a leading outsourced-research and consultancy provider to financial institutions and corporations worldwide. With approximately 1,700 employees situated across the world’s major commercial centers, the Company is ideally positioned to service the requirements of over 40 bulge bracket clients, including several global investment banks, billion dollar funds, major consulting firms, and Fortune 500 corporations.

The Black Book of Outsourcing 2008 ranked Copal as the #1 company for outsourced Investment Research and Analytics.


Opportunity

Copal is expanding its Beijing research centre, and is looking for highly motivated individuals to join us. Daily activities would include:

-      Analyzing financial statements
-          Industry and capital market newsletters
-          Liquidity of the companies analysis
-          Bond agreements analysis and capital structure analysis
-          Transaction comps
-          Industry reports
-          Thematic studies
-          Financial benchmarking
-          Technical Chinese-English / English-Chinese translation


Job Responsibility

Ratings initiation:
–      Spreading of historical financials (annual as well as LTM numbers) after accounting for all the analytical adjustments typically done by rating agencies; the typical adjustments pertain to unfunded/underfunded pensions, operating leases, capitalized interest, hybrid instruments, asset retirement obligations and guarantees to unconsolidated subsidiaries
–      Calculation of commonly used credit ratios and industry-specific ratios based on adjusted financials
–      Analyzing qualitative ratings factors
–    Macro-economic scenario analysis of the region
– Industry analysis
–     Business model, contracts, customer concentration, revenue concentration, geographic split, vendor management
–     Regulatory aspects; compliance
–     Corporate governance factors

Monitoring and annual/mid-term reviews
–       Monitoring quantitative ratings factors
–     Financial performance factors, debt repaying capacity
–     Growth ratios, performance ratios, liquidity ratios, leverage ratios, KPI analysis
–      Monitoring key credit focused factors impacting ratings
–     Tracking of financial covenants, headroom movement: debt/EBITDA, debt to equity, capital expenditure
–    Tracking liquidity movement, upcoming maturities, repayment sources and refinancing capabilities
–      Monitoring qualitative ratings factors
–     Tracking material adverse events that may impact future ratings
–     Changes in macro-economic scenario of the region
–     Changes in market share, business model, contracts, customer concentration, revenue concentration, geographic split, vendor management
–    Changes in regulatory aspects, industry specific compliance requirements, corporate governance factors

Required Background

–           Complete fluency in written and verbal Mandarin & English language
–           Top academic credentials
–          Technical skills
–         Must have strong written/verbal and quantitative skills
–         Strong analytical skills
–         Good grasp of business concepts
–         Strong knowledge of Microsoft Word, Excel, PowerPoint.
–          Soft skills
–         Strong project management / multi-tasking skills
–         Ability to work against tight deadlines
–         High attention to detail
–         High ambitious
–         Team player


Location: Beijing

Duration: Permanent

Compensation: Competitive, commensurate with experience

How to Apply:  
Please send your CV and cover letter (Chinese and English) to rui_liu@copalpartners.net
with the subject heading “Recruitment – Rating Advisory/Credit Research - Your Name”