Corporate, Infrastructure & Project Finance Group, Associate Director - Chicago

Fitch Group; Chicago (IL); On-site; USD 120,000 - 180,000; Full time

Job summary

Fitch Ratings’ North America Corporate, Infrastructure and Project Finance Group is seeking an Associate Director based out of Chicago to focus on analysis, execution and rating of infrastructure and project finance transactions, particularly energy and power assets in the US and Canada.

You will lead leading ratings analysis, work with a collaborative team, and mentor junior staff while contributing to innovative credit research and reports.

Qualifications

• 5+ years of project finance/infrastructure experience.
• Excellent writing and verbal communication skills.
• Strong modelling and spreadsheet skills.
• Ability to read complex structures and ask probing questions.
• Proven ability to lead multiple tasks in a fast-paced environment.
• Open mind to evolving infrastructure landscape.

Responsibilities

• Lead ratings analysis, execution and research on North American transactions.
• Identify trends, assess credit impact, and summarize in industry reports.
• Gather and analyze data and legal documents for ratings and reports.
• Collaborate with analytical groups to ensure consistency and efficient execution.
• Mentor junior team members.

Skills

Project finance

Infrastructure

Credit analysis

Financial modelling

Communication skills

Leadership

Deadline-driven

Education

Master's degree in Finance/Business

CFA (preferred)

Job description

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Corporate, Infrastructure & Project Finance Group, Associate Director - Chicago

Requisition ID: 50220

Business Unit: Fitch Ratings

Category: Credit Analysis & Research

Location: Chicago, IL, US

Date Posted: Oct 14, 2026

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products. Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

Fitch Ratings’ North America Corporate, Infrastructure and Project Finance Group is currently seeking an Associate Director based out of our New York, Chicago, or Toronto office.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling. Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

What We Offer:

Fitch Ratings is seeking a senior credit analyst with 5+ years of solid project finance related experience in the infrastructure sector. The primary responsibilities of the successful candidate will be to focus on the analysis, execution and rating of infrastructure and project finance transactions, particularly those related to energy and power assets in the US and Canada. As an Associate Director, you will have the:

• Opportunity to take a leadership role analysing some cutting-edge transactions.
• Be part of a growing credit team in the ever-evolving energy and power infrastructure space.
• Involved in a sector that is seeing significant investments resulting in a diversity of new and interesting credits on which to provide independent evaluations.
• Opportunity to work in an experienced and collaborative team that has an open culture, where employees can exchange ideas and perspectives.

We’ll Count on You To:

• Work on leading ratings analysis, execution and research on new and existing North American transactions.
• Identifying relevant trends, assessing their credit impact and highlighting these trends in updated industry and market focused reports/presentations.
• Gathering and analyzing quantitative and qualitative data and legal documents for the purpose of producing ratings, publishing credit reports, and contributing to special research reports.
• Develop and grow strong relationships with the other analytical groups at Fitch to ensure analytical consistency and efficient execution of transactions that involve multiple groups.
• Mentor junior members of the team.

What You Need to Have:

• 5+ years of solid project finance related experience in infrastructure.
• Proven project finance and infrastructure credit skills gained in a bank credit department, a rating agency, buy side credit department, etc.
• Solid writing and verbal communication skills.
• An open mind to think expansively about the opportunity and risk in the evolving infrastructure landscape.
• Excellent modelling skills and thorough familiarity with spreadsheet-based financial models.
• Ability to read and fully comprehend complex structures and to ask probing questions to issuers and their advisers.
• Demonstrated ability to lead and handle multiple tasks in a fast-paced environment.
• Ability to work to tight deadlines and display a strong degree of flexibility to take on additional responsibilities, as required.

What Would Make You Stand Out:

• Rating agency experience.
• Ratings advisory work.
• A deep understanding of and a keen interest in infrastructure and project finance.
• A professional background in capital markets and/or credit analysis.
• Experience in interpreting complex legal documents such as bank agreements and bond indentures.
• A strong pattern of leadership and the ability to proactively and successfully interact with various stakeholders, both within and outside of the organization.
• CFA.
• Master’s degree in Finance, Business or Public Administration preferred.

Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, national origin, disability, protected veteran status, sexual orientation, gender expression, gender identity or any other characteristic protected by law.