Associate Director

**About the Role**:
**Grade Level (for internal use)**: 12
**The Team**:
The Auto, Aerospace & Defense (A&D), Capital Goods, and Investment Holdings team consists of approximately 20 analysts located across key European cities, including London, Paris, Frankfurt, Milan, Madrid, and Stockholm. As a vital part of this dynamic group, you will manage a portfolio of about 15 issuers primarily from the capital goods, aerospace & defense, and automotive sectors, focusing on companies based in Germany.
**The Impact**:
In this role, you will play a crucial part in shaping the credit ratings landscape by conducting thorough and insightful corporate credit analyses. Your work will directly influence rating decisions and contribute to market transparency, enabling investors and other stakeholders to make well-informed decisions.
**What You Stand to Gain**:
You will gain exposure to a variety of industry sectors and end markets, keeping you at the forefront of emerging sector trends. Additionally, you will have opportunities to engage with senior management teams and key decision-makers within the entities we rate, fostering your professional development. You will also be part of an international, collegial culture that encourages innovation and strategic thinking.

**Responsibilities**:
Collaborate proactively with senior management, Finance and Treasury teams, and other stakeholders to gather and analyze relevant information and establish strong work relationships.
Prepare and present detailed rating recommendations to rating committees, ensuring precision and timeliness in your analyses.
Publish thorough credit analyses and insightful sector commentaries that enhance transparency and communication within the debt markets.
Engage actively with investors and market participants to foster understanding and support informed decision-making.
All employees are required to work from the office a minimum of 2 days per week.
**What We're Looking For**:
A bachelor's degree in Business, Economics, Finance, or a related field.
A S&P employee at this level typically has a minimum of 5 years of corporate credit analysis experience, preferably with speculative-grade corporates.
Fluency in spoken and written German is essential, along with strong communication skills in English (both spoken and written). Knowledge of additional European languages is a plus.
Strong interpersonal and communication skills, with experience in engaging with senior management.
Exceptional analytical skills with a profound understanding of financial statement analysis, cash flow modelling, and accounting concepts.
Understanding of and experience with legal transaction and debt documentations.
Ability to maintain high levels of accuracy and attention to detail while meeting strict deadlines.
Effective teamwork and a strategic approach to problem-solving are highly valued.
Knowledge of the Automotive, Capital Goods, and/or A&D sectors is desirable.
A willingness to travel within Europe for meetings, sometimes at short notice.
Proficiency in AI tools, including experience in using generative AI to streamline tasks, extract information, and support research writing, would be an advantage.
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About S&P Global Ratings
At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.
**S&P Global Ratings is a division of S&P Global (NYSE**: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.
What’s In It For You?
**Our Purpose**:
Progress is not a self-starter. It requires a catalyst to be set in motion. Information, imagination, people, technology-the right combination can unlock possibility and change the world.
Our world is in transition and getting more complex by the day. We push past expected observations and seek out new levels of understanding so that we can help companies, governments and individuals make an impact on tomorrow. At S&P Global we transform data into Essential Intelligence®, pinpointing risks and opening possibilities. We Accelerate Progress.
**Our People**:
We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.
**Our Values**:
Integrity, Discovery, Partnership
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