Assistant Vice President, Project Finance

Morningstar Credit Ratings, LLC; New York (NY); On-site; USD 97,854 - 137,910; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Life insurance

Health benefits

Sabbatical program

Paid parental leave

Job summary

Morningstar Credit Ratings, LLC seeks an Assistant Vice President in New York to support U.S. project finance and infrastructure ratings, advancing toward lead analyst responsibilities.

You will collaborate with analysts to execute financial analyses, model credit risk, and contribute to rating assessments across diverse assets from energy to transport infrastructure. The role offers exposure to committee materials, research, and client interactions, with a pathway to greater ownership and

Qualifications

• Five to seven years of relevant professional experience, including at least three years in project or infrastructure finance.
• Degree in business, economics, commerce, engineering, or a related discipline.
• Strong analytical and financial modeling skills with a high attention to detail.
• Experience reviewing financing agreements and legal documentation from a credit perspective.
• Strong written and verbal communication skills.
• Demonstrated ability to operate in a fast‑paced, team‑oriented environment.
• CFA designation (or progress toward) or MBA preferred.
• Experience in public‑private partnerships is an asset.
• Prior rating agency experience is considered an asset.

Responsibilities

• Support coverage of the existing U.S.-based project finance and infrastructure ratings portfolio
• Participate in issuer and investor meetings alongside team leads and senior analysts
• Contribute to new rating assignments, initially as a supporting analyst and ultimately as a lead analyst
• Perform financial and operational analysis using credit models and analytical frameworks
• Produce timely, high-quality rating reports, research notes, and commentaries
• Maintain and analyze financial datasets related to rated entities
• Support rating committee preparation and analytical discussions
• Contribute to the development and maintenance of relationships with fixed‑income investors
• Provide analytical support to business development initiatives
• Assist in the refinement of methodologies, research products, and rating approaches
• Contribute to the delivery of timely and forward‑looking sector research

Skills

Project finance

Financial modeling

Credit analysis

Communication skills

Attention to detail

Team oriented

Education

Bachelor's degree in business, economics, commerce, engineering, or related discipline

Job description

Global Project Finance & Infrastructure Team

The Global Project Finance & Infrastructure team is seeking a highly motivated Assistant Vice President (AVP) to join its New York-based analytical platform, supporting North American project and infrastructure mandates.

Role

In this newly created role, you will work closely with a team of analysts, and play an active role in the analysis and execution of ratings across a diverse portfolio of project finance and infrastructure transactions including power and energy assets (e.g., gas, wind, solar, hydro), digital and telecommunications infrastructure, transportation and social infrastructure (e.g., PPPs, toll roads, airports, ports), and bespoke limited-recourse financings such as large industrial assets and stadium projects. The AVP will support both new rating assignments and ongoing portfolio surveillance through detailed financial analysis, credit modeling, and transaction assessment. Over time, the successful candidate will assume increasing analytical ownership, transitioning from supporting analyst responsibilities to acting as a lead analyst across a range of asset classes. In addition to transaction work, the role involves contributing to rating committee materials, published credit opinions, and topical research, providing exposure to the broader analytical framework that underpins the team’s ratings and thought leadership across the evolving infrastructure landscape.

Responsibilities

• Support coverage of the existing U.S.-based project finance and infrastructure ratings portfolio
• Participate in issuer and investor meetings alongside team leads and senior analysts
• Contribute to new rating assignments, initially as a supporting analyst and ultimately as a lead analyst
• Perform financial and operational analysis using credit models and analytical frameworks
• Produce timely, high-quality rating reports, research notes, and commentaries
• Maintain and analyze financial datasets related to rated entities
• Support rating committee preparation and analytical discussions
• Contribute to the development and maintenance of relationships with fixed‑income investors
• Provide analytical support to business development initiatives
• Assist in the refinement of methodologies, research products, and rating approaches
• Contribute to the delivery of timely and forward‑looking sector research

Qualifications

• Five to seven years of relevant professional experience, including at least three years in project or infrastructure finance
• Degree in business, economics, commerce, engineering, or a related discipline
• Strong analytical and financial modeling skills with a high attention to detail
• Experience reviewing financing agreements and legal documentation from a credit perspective
• Strong written and verbal communication skills
• Demonstrated ability to operate in a fast‑paced, team‑oriented environment
• CFA designation (or progress toward) or MBA preferred
• Experience in public‑private partnerships is an asset
• Prior rating agency experience is considered an asset

Compensation and Benefits

Base Salary Compensation Range: $97,854.00–137,910.00

Incentive Target Percentage: 20%

• 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

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.

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.