Associate Director, Global Infrastructure​/Project Finance North America

About the Role

Grade Level (for internal use): 12

You’ll join our dynamic North American infrastructure team, part of the Global Infrastructure Practice. Based primarily in New York and Toronto, the team covers Power & LNG, Midstream, Regulated Utilities, and Project Finance P3, though coverage can evolve. You may cover multiple sectors. You’ll collaborate with experienced industry specialists globally who rate infrastructure companies and assets, within a highly integrated and collegiate S&P Global Ratings culture that emphasizes teamwork, knowledge sharing, and cross‑team collaboration.

• Career growth:
  Opportunity to develop technical and leadership skills through exposure to complex infrastructure financings and mentoring.
• Market exposure:
  Regular interaction with issuers, investors, and policy makers across North America.
• Thought leadership:
  Contribute to commentaries and research that shape market understanding of infrastructure credit.
• Global collaboration:
  Work with specialists across regions on cross‑border transactions and sector trends.

At S&P Global Ratings, your analytical opinion truly matters and each person who works here has an essential role in our reputation for integrity, transparency and ratings excellence. We bring transparency and comparability to financial markets, helping investors measure and manage credit risk. Infrastructure is a rapidly growing sector, and this role offers the opportunity to contribute to its growth while developing professionally in a fast‑paced environment.

As an Associate Director in the Global Infrastructure Practice, you will perform rigorous analytical work, including research, fundamental credit analysis, financial statement analysis, financial modeling, and report writing on rated corporate and project finance entities. Specifically, you will:

• Act as the Primary Analyst for a portfolio of credits, managing issuer relationships and ongoing surveillance.
• Conduct surveillance and make rating recommendations, preparing clear, well‑supported analytical conclusions.
• Present analytical findings to internal stakeholders, credit committees, and external investors.
• Support new issuer coverage and new issues, including project financings and rating evaluation services.
• Develop and maintain financial models and credit metrics, ensuring accuracy under tight deadlines.
• Contribute to commentaries and thought leadership and mentor junior team members.
• Participate and vote in credit committees, providing original insight and rigorous analysis.
• Operate within established ratings criteria, policies, and procedures, and drive continuous improvement and high customer service standards.

S&P Global states that the anticipated base salary range for this position is USD $137,000 - $185,000. Final base salary for this role will be based on the individual’s geographic location, as well as experience level, skill set, training, licenses, and certifications.

• Education:
  
  Bachelor’s degree in Business, Economics, Finance, Engineering, Mathematics, or a related field.
• Experience:
  
  An S&P Global employee at this level would typically have 5+ years of extensive experience in credit analysis within a large commercial bank, investment bank, investing institution/asset manager, rating agency, or audit firm.
• Technical skills:
  Strong analytical skills with detailed understanding of financial statement analysis and accounting concepts; proficiency with financial models and credit metric calculations.
• Sector knowledge:
  Working knowledge of energy infrastructure including unregulated power, midstream, refining, and LNG; familiarity with typical project finance legal documents.
• Tools:
  Strong Excel skills including formulas, VLOOKUPs, pivot tables, and data filters.
• Soft skills:
  
  Excellent interpersonal and communication skills; customer‑oriented with strong presentation ability; intellectually curious, self‑starter with a strong work ethic.
• Work arrangement:
  All employees are required to work from the office a minimum of 2 days per week.
• Intervie…