Vice President, Project Finance

Morningstar•New York, NY

1d•Hybrid

About The Position

Morningstar DBRS is seeking an experienced individual with 7+ years of experience in credit analysis to join its Project Finance team based New York. The team in New York covers a broad and diversified portfolio covering energy and conventional power assets, digital infrastructure (data centers, fiber networks, telecom towers), transportation assets (airports, toll roads, ports), and public‑private partnerships. Reporting to the Managing Director, Energy & Natural Resources and US Asset Finance, the successful candidate will manage a growing portfolio of projects across North America. The Vice President will collaborate globally with colleagues and work in an environment that values rigorous analytical thinking, open dialogue, and professional growth, while gaining significant exposure to issuers, investors, advisors, and other stakeholders across the North American infrastructure landscape. The successful candidate will be responsible for leading and supporting both new and surveillance ratings within the North American portfolio. 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

7 + years of financial analysis, with specific credit experience related to project finance.
Experience from other ratings agencies, infrastructure advisory, Bank Project Finance Credit Teams or Buyside Credit is preferred.
Degree in business, economics, engineering or a related discipline preferred.
Solid power sector, infrastructure and financial markets knowledge.
Strong research skills and focus on detail.
Strong corporate finance and financial statement analytical abilities.
Experience in legal review of contracts and financial agreements.
Strong communication skills, both oral and written.
Ability to work effectively in a fast‑paced, team‑oriented environment.
Willingness to travel as required.

Nice To Haves

Experience in broader PPP and infrastructure industry in North America is a strong asset.
Completion of the CFA or MBA program is an asset.

Responsibilities

Monitor a diverse portfolio of project finance ratings, including new transactions and ongoing surveillance.
Serve as lead analyst on transactions across power and renewable energy, digital infrastructure, PPPs, transportation, and other core infrastructure sectors.
Conduct detailed review of transaction documentation (PPAs, concession agreements, financing agreements, legal opinions) to assess credit implications.
Perform comprehensive financial statement analysis and review complex project finance models including scenario analysis and financial forecasts.
Draft clear, high‑quality rating reports, press releases, and analytical commentary that communicate credit drivers and key risks to the market.
Present credit rating recommendations to rating committees, incorporating feedback and defending analytical perspectives.
Contribute to the ongoing development, refinement, and application of project finance methodologies and sector‑specific criteria, particularly as new structures and technologies evolve.
Engage directly with issuers, sponsors, investors, and advisors to discuss analytical views, rating rationales, and methodological approaches.
Build and maintain strong relationships with fixed‑income investors through analytical discussions and outreach activities.
Provide analytical support for business development initiatives where appropriate.
Support informal training and knowledge‑sharing within the team as needed.

Benefits

Financial Health
100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
Physical Health
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
Emotional Health
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
Social Health
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups