Associate Director - Infrastructure

S&P Global, Inc.; New York (NY); On-site; USD 120,000 - 189,000; Full time

Benefits offered by this job

Annual incentive plan

Training and career coaching

Inclusive work culture

Job summary

S&P Global, Inc. is seeking a talented individual in New York for a role focused on project finance and credit analysis. The successful candidate will contribute to high-quality analytical execution and foster stakeholder trust through strategic engagement. Responsibilities include leading surveillance on critical infrastructure projects and ensuring adherence to risk management practices.

This position requires strong financial analysis skills and a deep understanding of infrastructure documentation. Join a diverse team and benefit from a supportive work environment that values inclusion and continuous learning.

Qualifications

• Five to seven years of experience in project finance and/or infrastructure finance.
• Strong understanding of project structures including concession/PPP agreements.
• Strong financial analysis skills including ratio and covenant analysis.

Responsibilities

• Deliver end-to-end analytical execution across a defined portfolio.
• Lead surveillance and analytical updates for infrastructure projects.
• Synthesize data into market-facing narratives that convey analytical expertise.

Skills

Credit analysis

Financial analysis

Project finance experience

Cash flow modelling

Communication

Education

Bachelor's degree in Finance, Economics, or related field

Tools

AI tools

Financial software

Job description

About the Role

Grade Level (for internal use): 12

Credit Ratings is an integral part of the Global Ratings Services team, comprising a diverse group of 1,400 analysts spread across key financial hubs worldwide. We are dedicated to delivering high‑quality insights and exceptional client service across all industry sectors.

The Infrastructure & Project Finance practice provides credit analysis on essential, long‑lived assets and ring‑fenced project financings—assessing contractual frameworks, demand and operating risks, sponsor strength, financial flexibility, and resilience under stress. The team’s work supports capital formation for critical infrastructure and helps the market understand fast‑evolving subsectors such as data centres and digital infrastructure.

The North America Infrastructure Project Finance Ratings team provides independent credit analysis and ratings on a growing portfolio of essential infrastructure projects across the U.S. and Canada, including transportation, power, and social infrastructure. The team’s coverage spans a broad range of project finance structures, including PPP/availability‑based, contracted‑revenue frameworks, and demand‑risk assets. Supported by a strong pipeline of new issuance and refinancing activity, the team delivers timely, high‑quality analytical execution and contributes to S&P Global Ratings’ high‑profile Infrastructure sector coverage through rigorous credit assessment, clear rating rationale, and ongoing surveillance.

Responsibilities

Team Contribution & Capability Building

• Act as senior reference point coaching Research Assistants, Rating Analysts, and Senior Analysts on credit fundamentals, modelling discipline, data quality and standard work, including how to use AI as an enabler with governance.
• Coordinate work across credits; anticipate capacity/quality risks; influence outcomes through planning and constructive challenge in ambiguous situations.
• Embed continuous improvement into routines by improving playbooks/SOPs/prompt libraries and driving adoption.
• Partner with stakeholders to identify and shape high‑impact use cases, supporting testing, adoption and rollout with governance, controls, and change management.
• Foster a critical‑thinking mindset, challenging assumptions and the status quo to generate insights that shape market views and strategic decisions.
• Model enterprise behaviours: Discovery, Integrity, and Partnership—including human‑centric leadership alongside AI‑enabled change.

Core Analytical & Delivery

• Deliver end‑to‑end analytical execution across a defined portfolio, setting a consistently high bar for quality, timeliness and clarity to sustain customer trust.
• Lead surveillance and analytical updates, connecting performance, market developments and issuer peers to forward‑looking risk themes.
• Own the quality of key outputs, ensuring consistency and clarity of reasoning.
• Use approved GenAI/LLMs to accelerate research, comparisons and drafting.
• Operate effectively alongside AI agents in recurring workflows.
• Support the execution of AI‑driven projects.
• Validate inputs, reconcile metrics, document assumptions and model changes.

Stakeholder & Market Engagement

• Synthesise data, analysis and research into executive‑ready, market‑facing narratives that convey S&P’s analytical expertise—leveraging broad market knowledge and detailed analysis to deliver trusted advice that influences decisions.
• Build collaborative stakeholder trust through empathetic communication, differentiating S&P’s market viewpoint and driving engagement with market participants.
• Contribute to strategic initiatives and also thought leadership by researching, drafting and refining content with senior team input.

Risk Management and Operating

• Ensure adherence to methodology, confidentiality and data governance requirements; elevate emerging risks early.
• Embed responsible AI use in workflow processes.
• Drive controlled automation and agentic workflows to remove low‑leverage work, defining requirements, controls and partnering with Data and Engineering to scale safely while setting expectations for ongoing monitoring and human oversight.

What You Stand to Gain

• Joining a diverse community where your growth and well‑being come first—just like the 35,000+ colleagues who choose S&P Global every day.
• Bringing your best self to work in an environment that values inclusion, collaboration and authentic engagement.
• Celebrating your achievements with us. We’re committed to your continuous learning, offering education, training and career coaching to help you grow and adapt in a changing world.
• Connecting through our People Resource Groups, which foster awareness, engagement and a sense of community—both within S&P Global and beyond.

Compensation/Benefits Information (US)

Anticipated base salary range for this position is $120,000 USD to $189,000 USD. Final base salary will be based on the individual’s geographic location, experience level, skill set, training, licenses and certifications. In addition to base compensation, this role is eligible for an annual incentive plan.

Compensation/Benefits Information (Canada)

Anticipated range of compensation for this position is 110,000 CAD to 165,000 CAD. Final compensation will be based on performance, geographic location and experience level, skill set, training, licenses and certifications. This posting provides compensation information in accordance with Ontario’s new regulations effective January 1, 2026.

What We’re Looking For

Practice Nuances

• Five to seven years of experience in project finance and/or infrastructure finance (ratings, banking, advisory, investing or credit) strongly preferred.
• Strong understanding of infrastructure project structures and documentation, including concession/PPP agreements, EPC and O&M contracts, offtake or availability‑payment frameworks, and financing terms.
• Strong financial analysis skills, including cash flow modelling, ratio and covenant analysis, and accounting fundamentals.

Team Contribution & Capability Building

• Execution maturity across credit portfolio; delivers high quality with limited oversight.
• Strong collaboration and communication; influences through credibility and constructive challenge.

Equal Opportunity Employer

S&P Global is an equal‑opportunity employer and all qualified candidates will receive consideration for employment without regard to race, ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please email [e-mail] and your request will be forwarded to the appropriate person.

US Candidates Only: Know Your Rights: Workplace discrimination is illegal.