Analyst/Senior Analyst, CIPF - Barcelona

Fitch Group; Barcelona; Hybrid; EUR 70,000 - 110,000; Full time

Job summary

Fitch Ratings is seeking an Analyst or Senior Analyst to join the CIPF Ratings team in Barcelona. The role focuses on corporate credit analysis for FMCG, consumer and agribusiness issuers, leveraging financial statement analysis and cash flow forecasting.

You will work with senior colleagues, engage with issuer management and external advisers, and contribute to sector research while meeting tight deadlines in a hybrid Barcelona office environment.

Qualifications

• Bachelor's degree at minimum in finance, economics, accounting or a related field.

Responsibilities

• Carry out corporate credit analysis for public and private ratings and credit opinions, including financial statement analysis, cash flow forecasting and peer comparison.
• Act as a support analyst for a portfolio of FMCG, consumer and agribusiness credits, ensuring timely rating monitoring
• Prepare rating committee packages, rating action commentaries and issuer reports, and present your recommendations and analysis clearly to rating committees
• Together with senior team members, engage with issuers' management, bankers and advisors, and work with other sector teams where needed
• Follow industry, market and issuer developments, and help senior colleagues respond promptly to credit events and new rating mandates
• Contribute to sector and thematic research, peer analysis and outlooks, as well as presentations for investors and other market participants
• Deliver quality outputs within deadlines, working closely with Operations, Enhanced Analytics and Publishing colleagues
• Conduct all work in line with Fitch's policies, criteria and Code of Ethics, upholding the integrity and independence of the rating process
• Occasional travel within EMEA

Skills

Credit analysis

Financial statement analysis

Cash flow modelling

Quantitative analysis

Excel

PowerPoint

Bloomberg

Education

Bachelor's degree in finance, economics, accounting or related field

Tools

Bloomberg

Excel

PowerPoint

Word

Job description

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Analyst/Senior Analyst, CIPF - Barcelona

Requisition ID: 50777

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: Barcelona, ES

Date Posted: Oct 9, 2026

Credit Analyst – Analyst/Senior Analyst – Corporate Ratings (FMCG, Consumer & Agribusiness) – Barcelona

Fitch Ratings is currently seeking an Analyst or Senior Analyst to join our EMEA Corporate, Infrastructure and Project Finance (CIPF) Ratings team, based in our Barcelona office.

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research and commentary to financial market participants. Fitch Ratings' EMEA Corporate, Infrastructure and Project Finance (CIPF) group, with a team of over 100 credit analysts across Europe, provides public and private ratings of companies and their debt instruments in Europe, Middle East and Africa. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

Explore a career at Fitch Ratings and you'll join a collaborative network of curious minds. Here, our differences are our strengths – in life as well as our work. Together we work with integrity and objectivity to provide clarity to the world's financial markets.

About the Team

Fitch's CIPF group rates corporate, infrastructure and project finance issuers and their debt instruments. In EMEA, CIPF is organised into sector teams covering Consumer and Healthcare; Industrials; Natural Resources and Infrastructure; Transport; Utilities; Telecoms, Media and Technology; and Real Estate, with infrastructure and project finance analysts working alongside corporate analysts within their sectors. In addition, a specialist Leveraged Finance team focuses on credits with leveraged capital structures.

The EMEA Consumer & Healthcare Ratings team covers the widest range of industries and is the second largest in terms of the ratings portfolio, with over 100 public credits, and by team size, with around 20 analysts located in London, Frankfurt, Madrid, Barcelona, Milan, Paris and Stockholm. Within the team, the Fast-Moving Consumer Goods (FMCG), Consumer and Agribusiness group rates a diverse portfolio of EMEA issuers across packaged food, beverages, dairy, household and personal care, tobacco and agribusiness. Issuers range from large investment-grade multinationals and cooperatives to high-yield, family-owned and sponsor-backed companies.

How You'll Make an Impact:

• Carry out corporate credit analysis for public and private ratings and credit opinions, including financial statement analysis, cash flow forecasting and peer comparison, applying Fitch's rating Criteria, Ratings Navigators and key analytical tools
• Act as a support analyst for a portfolio of FMCG, consumer and agribusiness credits, ensuring timely rating monitoring
• Prepare rating committee packages, rating action commentaries and issuer reports, and present your recommendations and analysis clearly to rating committees
• Together with senior team members, engage with issuers' management, bankers and advisors, and work with other sector teams, such as Leveraged Finance, where needed
• Follow industry, market and issuer developments, and help senior colleagues respond promptly to credit events and new rating mandates
• Contribute to sector and thematic research, peer analysis and outlooks, as well as presentations for investors and other market participants
• Deliver quality outputs within deadlines, working closely with Operations, Enhanced Analytics and Publishing colleagues
• Conduct all work in line with Fitch's policies, criteria and Code of Ethics, upholding the integrity and independence of the rating process
• Occasional travel within EMEA

You May be a Good Fit if You Have:

• A bachelor's degree at minimum in finance, economics, accounting or a related field
• Relevant analytical experience in credit analysis, corporate finance, banking, audit, financial services or industry
• A solid understanding of corporate finance and financial statement analysis (IFRS), and a keen interest in deepening your expertise in credit analysis
• Cash flow modelling skills and a high level of accuracy and attention to detail
• Strong analytical and critical thinking skills, with the ability to process and interpret quantitative and qualitative information
• Good written and verbal communication skills, ability to set out a clear and concise credit view
• Fluency in written and spoken English
• Proficiency with Excel, PowerPoint and Word, and comfort working with data platforms such as Bloomberg
• Strong time management skills, ability to manage several priorities and meet tight deadlines
• A collaborative team player who takes responsibility for their work, knows when to ask for guidance and responds well to feedback
• Reliability, integrity and sound judgement

What Would Make You Stand Out:

• Italian language skills; other European languages are also an advantage
• Knowledge of or interest in FMCG, consumer products, food and beverages or agribusiness sectors
• Prior experience in a credit rating agency, credit research or leveraged finance
• Basic understanding of debt instruments and financing documentation, including high-yield bonds and leveraged loans
• Progress towards or interest in obtaining the CFA or a professional accounting qualification (e.g., ACA or ACCA)
• Comfort using AI and other technology tools to improve the quality and efficiency of analytical work

Why Choose Fitch:

• A Culture of Learning & Mobility: Dedicated training through the Fitch Credit Academy, on-the-job credit training, leadership development and mentorship programmes designed to ensure that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future: Retirement planning and tuition reimbursement programmes that empower you to achieve your short and long-term goals
• Hybrid Work Environment: 3 days a week in the office, with the option to work from home the other two days of the week
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social and occupational wellbeing
• Supportive Parenting & Caregiving Policies: Family- and caregiver-friendly policies designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
• Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community

At Fitch, AI is embedded in how we work every day – supporting smarter decision-making, streamlining workflows and enabling new ways to create value for our business and clients. We're looking for colleagues who are comfortable operating in an AI-enabled environment – or who are curious, adaptable and eager to build their AI literacy over time.

Fitch is committed to providing global securities markets with objective, timely, independent and forward-looking credit opinions. To protect Fitch's credibility and reputation, our employees must take every precaution to avoid conflicts of interest or any appearance of a conflict of interest. Should you be successful in the recruitment process at Fitch Ratings you will be asked to declare any securities holdings and other potential conflicts prior to commencing employment. If you, or your immediate family, have any holdings that may conflict with your work responsibilities, you may be asked to divest yourself of them before beginning work.

Fitch is proud to be an Equal Opportunity and Affi­m…

Disclaimer on Benefits Information

In accordance with the requirements of the EU Pay Transparency Directive, the benefits described in this job advertisement represent a general overview and do not constitute the full list of benefits available for this position. Comprehensive and final details regarding compensation and benefits will be provided to candidates at the offer stage