Assistant Vice President, Credit Ratings - Project Finance, Infrastructure & Sports Finance

Morningstar • Toronto, ON

2d • CA$82,500 - CA$120,000 • Hybrid

About The Position

The Global Project Finance & Infrastructure Finance team is seeking a highly motivated individual, preferably with 4-7 years of experience as a credit analyst with a background in project and infrastructure finance, to join its team of analysts in Toronto an Assistant Vice President. Working closely with members of the team in Toronto and New York, the successful candidate will largely be responsible for supporting the North American portfolio, which includes performing financial statement analysis, using financial models, drafting rating reports, compiling rating committee materials and having a well-developed understanding of the overall credit analysis process.
The successful candidate will be responsible for leading and supporting both new and surveillance ratings within the North American portfolio covering power and renewable energy (e.g. natural gas, wind, solar, hydro generation), digital infrastructure (e.g. data centers, telecommunications cell towers, fiber networks) and broader infrastructure assets (PPPs, toll roads, airports, ports and stadium financings). Activities include financial statement analysis, using financial models, drafting rating reports, preparing rating committee materials, presenting credit rating recommendations, and engaging with issuers and investors regarding analytical frameworks and methodologies.

Requirements

• 4-7 years of experience as a financial analyst (preferably in credit), with a minimum of 3 years experience related to Project and Infrastructure Finance.
• Degree in business, economics, commerce, engineering or a related discipline.
• Solid research, analytical and financial modelling skills, with a high attention to detail.
• Experience in reviewing financing agreements and legal contracts from a credit point of view.
• Strong communication skills, both oral and written.
• Self-starter and strong team player and a demonstrated ability to work in a fast-paced environment.

Nice To Haves

• Completion of, or demonstrated progress towards the CFA program is preferred.
• Experience in public-private partnerships and/or diversified industries (i.e. Utilities, Independent Power Producers) is an asset.
• Previous rating agency experience is an asset.

Responsibilities

• Monitor and lead a diverse portfolio of project finance ratings – surveillance and new ratings.
• Attend issuer and investor meetings with the Sector Lead(s) in Project Finance and Infrastructure Finance and other analysts to gain exposure to the ratings portfolio and the analytical approach.
• Build on existing knowledge of the industry and further expand the network.
• Produce timely, high-quality credit reports, research notes and commentaries on rated entities.
• Manage extensive spreadsheets on rated entities.
• Contribute to the development and maintenance of relationships with fixed-income investors.
• Analytically support business development initiatives.
• Contribute to the refinement of methodologies, research products and rating approaches.
• Contribute to the delivery of timely and innovative topical research.

Benefits

• Base Salary Range - $82,500 CAD - $120,000 CAD
• Target Bonus - 20%
• Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Associate degree