US Project & Infrastructure Finance - Credit Analyst, Director; Legal

Position: US Project & Infrastructure Finance - Credit Analyst, Director (Legal
At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.  

Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion.  Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences.  Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support. With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market.

We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

US Project & Infrastructure Finance – Credit Analyst, Director (Legal)
Fitch is seeking an D for a legal document review and analysis role within its Corporates Infrastructure & Project Finance Group, focused on Project & Infrastructure Finance. The role will work closely with the Complex Credit Group (CCG) to evaluate new and innovative project finance structures. The ideal candidate will be an attorney with strong analytical skills, and a deep understanding of project finance documentation, contractual risk allocation, and transaction structures.

A core expectation is the ability to translate legal terms and structural protections into clear, decision-useful views on cash flow stability, default risk, and recovery outcomes.

What We Offer A team-oriented environment where strong communication, high productivity, and a results-driven mindset are essential

Opportunity to contribute to high-visibility analysis at a global rating agencyA platform that supports more informed debt capital markets decisions through timely, insightful, and forward-looking rating actions and research

An environment that supports work-life balance through predictable hours and a hybrid work arrangement

We’ll Count on You ToReview and interpret transaction documents to inform credit analysis by identifying key risks, mitigants, and “watch items” relevant to rating analysis, including:

Financing agreements, security documents, intercreditor arrangements, and core project contracts (leases, EPC, O&M, offtake/PPAs, concessions)
Structural protections (cash waterfall mechanics, reserve accounts, distribution tests, DSCR-based covenants, cash sweeps)
Creditor protections and enforcement/recovery mechanics (security packages, step-in rights, direct agreements, intercreditor terms)
Construction and completion frameworks (EPC terms, LDs, performance security, guarantees)
Operating and revenue risk allocation (PPAs/offtake terms, merchant exposure, volume/price risk, curtailment, change-in-law, termination regimes)
Documentation trends across infrastructure and project financings

Produce clear, repeatable deliverables that translate documentation into analytical inputs, such as:

Deal term sheets and key terms trackers“Key risks/mitigants” issue-spotting memos for new transactions

Assess key quantitative and qualitative credit factors for individual transactions and issuers, including cash flow protections, counter party risk, and enforce ability considerations

Participate in meetings with project…