About the Role
Join Morningstar DBRS's Project Finance team in New York as an experienced individual with 7+ years in credit analysis. You will manage a diverse portfolio covering energy, digital infrastructure, transportation, and public-private partnerships across North America. This role offers global collaboration, rigorous analytical thinking, and significant exposure to industry stakeholders.
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.
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.
- 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.
- Experience in broader PPP and infrastructure industry in North America is a strong asset.
- Completion of the CFA or MBA program is an asset.
- Ability to work effectively in a fast-paced, team-oriented environment.
- Willingness to travel as required.
Skills
- Credit analysis
- Financial statement analysis
- Financial modeling
- Rating report drafting
- Rating committee material preparation
- Credit rating recommendation presentation
- Issuer and investor engagement
- Analytical framework and methodology discussion
- Transaction documentation review
- Scenario analysis
- Financial forecast review
- Analytical commentary writing
- Methodology development and refinement
- Relationship building with investors
- Business development support
- Knowledge sharing
Location
- New York
Work Type
- Hybrid
Experience Level
- 7+ years
Education Level
- Degree in business, economics, engineering or a related discipline preferred
- CFA or MBA program completion is an asset
Salary/Compensations
- $113,308.00 - $178,794.66
- 30% Incentive Target Percentage
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
About the Company
- Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally.
- Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.
- Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry.
- Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require.
- Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.
- Morningstar DBRS is the next generation of credit ratings.
Equal Opportunity
- Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants.
- We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.
- Morningstar is an E-Verify program participant.
- Right to Work
