Associate Director, Infrastructure Ratings – Project Finance

S&P Global • Boston, MA

1d • Hybrid

About The Position

The Credit Ratings team is a vital part of the Global Ratings Services, with 1,400 analysts worldwide focused on delivering high-quality insights and client service across all sectors. S&P Global Rating’s North America infrastructure practice is experiencing rapid growth, driven by new financings and refinancing for essential infrastructure. This role offers the chance to work on complex structures in fast-growing market segments like power, midstream, refining, and digital infrastructure, contributing to S&P Global Ratings’ significant coverage of the global infrastructure sector. Analysts will leverage their corporate credit and project finance expertise to support capital formation for this critical sector. S&P Global's values of Discovery, Integrity, and Partnership guide our work, collaboration, and trust-building. We embrace AI as an enabler, with strong governance and risk management, enhancing our people's intelligence, relationships, and insights. By combining technology with human expertise, we help teams navigate complexity and deliver actionable intelligence without compromising quality, accountability, or integrity.

Requirements

• Execution maturity across credit portfolio; delivers high quality with limited oversight.
• Strong collaboration/communication; influences through credibility and constructive challenge.
• Proven coaching/mentorship; develops juniors through feedback and quality review and reinforces human accountability in AI-enabled work.
• Continuous improvement mindset with evidence of simplifying processes through standardization, tooling, and automation.
• Comfortable with ambiguity and change, adapting quickly as processes/tools evolve.
• Ability to scale automation/agent workflows by defining problems, supporting testing/UAT, identifying controls, and enabling adoption.
• Strong research/data/credit/financial analysis; translates complexity into decision-useful narratives grounded in evidence and judgement.
• Strong understanding of the financial services environment and ability to connect developments to emerging risk themes.
• Practical AI fluency: experience embedding GenAI/LLMs and agentic workflows to increase productivity/insight as an enabler of human expertise, paired with disciplined validation, governance, and judgement.
• Strong analytical tool capability; willingness to learn data/automation tools to oversee AI-enabled production.
• Effective written and verbal skills for committee-ready documentation/presentation and interactions with issuers, investors and market participants.
• High standards for accuracy, traceability, and governance; consistent adherence to methodology/documentation/confidentiality expectations.
• Sound judgement on responsible AI/automation (validation, bias/hallucination awareness, data protection, attribution, approved boundaries).
• Bachelor’s degree or equivalent required.

Nice To Haves

• A master’s degree or professional certification (such as CFA or MBA) is highly valued.
• We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Responsibilities

• Act as senior reference point coaching (Research Assistants, Rating Analysts and Senior Analysts) on credit fundamentals, modelling discipline, data quality, and standard work including how to use AI as an enabler with governance.
• Coordinate work across credits; anticipate capacity/quality risks; influence outcomes through planning and constructive challenge in ambiguous situations.
• Embed continuous improvement into routines by improving playbooks/SOPs/prompt libraries and driving adoption.
• Partner with stakeholders to identify and shape high-impact use cases, supporting testing/adoption/rollout with governance, controls, and change management.
• Fosters a critical thinking mindset challenging assumptions and the status quo to generate insights that shape market views and strategic decisions.
• Model enterprise behaviors: Discovery, Integrity, and Partnership including human-centric leadership alongside AI-enabled change.
• Deliver end-to-end analytical execution across a defined portfolio, setting a consistently high bar for quality, timeliness, and clarity to sustain customer trust.
• Lead surveillance and analytical updates, connecting performance, market developments, and issuer peers to forward-looking risk themes.
• Own the quality of key outputs, ensuring consistency and clarity of reasoning.
• Use approved GenAI/LLMs to accelerate research/comparisons/drafting.
• Operate effectively alongside AI agents in recurring workflows.
• Support the execution of AI-driven projects.
• Validate inputs, reconcile metrics, document assumptions/ model changes.
• Synthesizes data, analysis, and research into executive-ready, market-facing narratives that convey S&P’s analytical expertise — leveraging broad market knowledge and detailed analysis to deliver trusted advice that influences decisions.
• Builds collaborative stakeholder trust through empathetic communication, differentiates S&P’s market viewpoint, and drives engagement with market participants.
• Contribute to strategic initiatives and also thought leadership by researching, drafting, and refining content with senior team input.
• Ensure adherence to methodology /confidentiality/data governance requirements; escalate emerging risks early.
• Embed responsible AI use in workflow process.
• Drive controlled automation/agentic workflows to remove low-leverage work, defining requirements/ controls and partnering with Data/Engineering to scale safely while setting expectations for ongoing monitoring and human oversight.
• Developing and articulating asset‑level credit views and managing a portfolio of project‑finance and infrastructure‑backed credits, preparing committee‑ready materials and actively participating in rating committees for transactions across the North America project‑finance and infrastructure sector.
• Leading external analytical engagements with sponsors and project‑company management teams, preparing for and participating in due‑ diligence calls and surveillance discussions to obtain information supporting cash‑flow –based credit analysis, structural assessments, and rating decisions, and drafting and driving publication of high‑quality rating reports.
• Contributing to sector expertise and project‑finance thought leadership by supporting commentaries and sector publications, participating in regional and global analytical work groups, and staying current on market developments affecting North American project‑finance and infrastructure transactions.

Benefits

• Health care coverage designed for the mind and body.
• Generous time off helps keep you energized for your time on.
• Access a wealth of resources to grow your career and learn valuable new skills.
• Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.
• Perks for your partners and little ones, too, with some best-in class benefits for families.
• From retail discounts to referral incentive awards—small perks can make a big difference.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level