Assistant Vice President, Credit Ratings - Project Finance

Morningstar•New York, NY

1d•Hybrid

About The Position

The Group The Global Project Finance & Infrastructure team is seeking a highly motivated Assistant Vice President (AVP) to join its New York-based analytical platform, supporting North American project and infrastructure mandates. The Role In this newly created role, you will be working closely with a team of analysts, and play an active role in the analysis and execution of ratings across a diverse portfolio of project finance and infrastructure transactions including power and energy assets (e.g., gas, wind, solar, hydro), digital and telecommunications infrastructure, transportation and social infrastructure (e.g., PPPs, toll roads, airports, ports), and bespoke limited-recourse financings such as large industrial assets and stadium projects. The AVP will support both new rating assignments and ongoing portfolio surveillance through detailed financial analysis, credit modeling, and transaction assessment. Over time, the successful candidate will assume increasing analytical ownership, transitioning from supporting analyst responsibilities to acting as a lead analyst across a range of asset classes. In addition to transaction work, the role involves contributing to rating committee materials, published credit opinions, and topical research, providing exposure to the broader analytical framework that underpins the team’s ratings and thought leadership across the evolving infrastructure landscape.

Requirements

Five to seven years of relevant professional experience, including at least three years in Project or Infrastructure Finance
Degree in business, economics, commerce, engineering, or a related discipline
Strong analytical and financial modeling skills with a high attention to detail
Experience reviewing financing agreements and legal documentation from a credit perspective
Strong written and verbal communication skills
Demonstrated ability to operate in a fast-paced, team-oriented environment

Nice To Haves

CFA designation (or progress toward) or MBA preferred
Experience in public-private partnerships is an asset
Prior rating agency experience is considered an asset

Responsibilities

Support coverage of the existing U.S.-based project finance and infrastructure ratings portfolio
Participate in issuer and investor meetings alongside team leads and senior analysts
Contribute to new rating assignments, initially as a supporting analyst and ultimately as a lead analyst
Perform financial and operational analysis using credit models and analytical frameworks
Produce timely, high-quality rating reports, research notes, and commentaries
Maintain and analyze financial datasets related to rated entities
Support rating committee preparation and analytical discussions
Contribute to the development and maintenance of relationships with fixed-income investors
Provide analytical support to business development initiatives
Assist in the refinement of methodologies, research products, and rating approaches
Contribute to the delivery of timely and forward-looking sector research

Benefits

100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-term disability insurance
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups