Covenants Analyst

MEDIA CONTACTS; London; On-site; GBP 125,000 - 150,000; Full time

Job summary

An established industry player is seeking a Senior Covenant Analyst to bridge legal expertise and financial research. This role offers a unique opportunity to step away from traditional law firm life into a position that directly influences trading decisions in credit markets. You will analyze leveraged finance documentation, providing insights and commentary that shape market trends. Join a dynamic team where your contributions will be valued, and your expertise will drive impactful financial intelligence for sophisticated clients. If you have a passion for finance and law, this is the perfect role for you.

Qualifications

• Significant experience advising on leveraged finance dealmaking.
• Deep understanding of credit agreements and bond indentures.

Responsibilities

• Review and analyze new deals, producing clear reports for clients.
• Write analytical commentary on leveraged loan and high-yield bond agreements.

Skills

Leveraged Finance Expertise

Analytical Skills

Writing Skills

Negotiation Skills

Education

Law Degree

Job description

A rare opportunity for a leveraged finance lawyer to step away from law firm life and into a commercially impactful and intellectually engaging role.

We are working with a leader in financial intelligence, a specialist information provider that delivers high-quality trading and credit insights to the world’s most sophisticated banks, funds, and corporates. They are seeking a Senior Covenant Analyst to join their fast-growing team.

This role sits at the intersection of legal expertise, credit markets, and financial research. You’ll be reviewing leveraged finance documentation — primarily high-yield bond offering memoranda and syndicated loan agreements — extracting and interpreting key covenant provisions, identifying red flags, and distilling insights for an active and demanding subscriber base.

You’ll be in the flow of the market, contributing real-time analysis and commentary that influences trading decisions across credit markets.

Key responsibilities include:

• Review and analyse new deals as they break, producing clear, concise reports for a sophisticated client base.
• Identify key financial definitions, covenant terms, and any structural anomalies or potential risks.
• Write analytical commentary on leveraged loan and high-yield bond agreements.
• Engage with subscribers — from buy-side analysts to investment bankers — to provide insight and context on deal terms and market trends.
• Collaborate with a high-performing editorial and research team to maintain exceptional output standards.

Key requirements include:

• A lawyer with significant experience advising on leveraged finance dealmaking from a leading law firm.
• Deep understanding of credit agreements, bond indentures, and how financial definitions and covenant packages function in leveraged finance.
• Strong drafting and negotiation background; an ability to dissect complex documents with speed and precision.
• Clear, persuasive writing skills and a genuine interest in the debt markets.

If you’d like more information, reach out.