Analyst (Utilities & Power)

Description

The Analyst will be part of the Moody’s North American Regulated Utilities and Power team within the Project and Infrastructure Finance Group.  This is a challenging, high profile role.

Qualifications

This is an opportunity requiring an in-depth knowledge of the referenced sectors, understanding the financing practices and capital structures employed by these companies, coordinating with colleagues on the team and across other lines of business and writing thought-leading research.

• At least four years of experience in regulated utility and/or unregulated power company credit analysis, including demonstrable corporate finance and cash flow analysis skills, and credit opinion drafting skills
• Proficiency in utility regulation, rate setting practices, regulatory assets and liabilities, performance based ratemaking, and state/federal energy policies
• Familiarity with key ESG issues impacting utility and power companies.
• Sound judgment – capable of developing independent opinion and defending own views
• Strong quantitative aptitude and proven analytical skills
• Excellent communication skills – demonstrated ability to convey complex analytical issues clearly and succinctly, both verbally and in writing; prior written research on utility issuers and interaction with utility management teams a plus
• Highly organized, efficient, and detail-oriented, with ability to multi-task and meet tight deadlines, and assume responsibility for workflow and work product
• Ability to work effectively both independently and as part of a team

Education:

• Strong academic background – bachelor’s degree in Accounting, Economics, Finance or Business preferred

Responsibilities

The Analyst will be primarily responsible for ensuring rating accuracy on a portfolio of US corporate regulated utilities.  This includes investor and privately owned electric, gas and water utilities; interstate natural gas transmission pipeline companies and electric transmission companies.  The Analyst will also provide back-up analytical support for a portfolio of similar entities covered by other analysts.

• Conduct initial and on-going fundamental credit analysis on a dedicated portfolio of issuers;
• Present recommendations on a regular basis to rating committees and other internal analytical meetings to assign and maintain credit ratings;
• Publish timely and relevant research, always from the perspective of credit, on individual issuers, as well as the broader sector;
• Maintain high profile relationships with issuers, investors, intermediaries, utility regulators and other governmental representatives, with frequent interaction;
• Participate in conferences and other external speaking opportunities;
• Respond to both issuer and investor inquiries;
• Provide guidance to ratings associates;
• Adhere to all applicable regulatory, code of conduct and best practice requirements and standards.

   

About the Team:

Moody’s Project and Infrastructure Finance Group has responsibility for rating debt issued by public and private infrastructure issuers and electric, gas and water utilities. Such issuers include project finance entities that are limited to a special purpose by law, regulation, or contracts, as well as infrastructure and utility companies not contractually limited to a specific activity.  The North American Regulated Utilities and Power team covers corporate regulated utilities and unregulated power companies.