Senior Analyst, Infrastructure & Project Finance – Denver

S&P Global, Inc.; Englewood (CO); Hybrid; USD 106,000 - 123,000; Full time

Benefits offered by this job

Health & Wellness

Flexible Downtime

Continuous Learning

Invest in Your Future

Family Friendly Perks

Beyond the Basics

Job summary

S&P Global Ratings in the United States seeks a seasoned infrastructure credit analyst to deliver independent opinions and end-to-end credit analysis for North American infrastructure assets. You will contribute to surveillance and rating actions, shaping transparent, evidence-based conclusions.

You will lead financial modeling, risk assessment, and narrative construction for rating committees, while applying AI tools to improve workflow efficiency and maintain rigorous governance.

Qualifications

• 3–5 years in project finance, infrastructure finance, or related credit discipline.
• Ability to develop and support credit views and committee-ready materials across NA infrastructure sectors.
• Rigorous financial analysis including cash flow modeling, ratio and covenant analysis.

Responsibilities

• Coach Research Assistants and Rating Analysts on credit analysis and data discipline.
• Identify and propose AI-enabled workflow improvements and lightweight automations.
• Lead end-to-end credit analysis and ratings execution for assigned credits, including surveillance and portfolio updates.
• Prepare, review, and validate financial models, inputs, and outputs for rating purposes.
• Engage with management meetings and due diligence calls to present structured narratives to stakeholders.

Skills

Credit analysis

Financial modeling

Risk analysis

Stakeholder comms

AI in workflows

Education

Bachelor's degree or equivalent

Master’s degree or CFA valued

Tools

AI tools

Job description

About the Role

Grade Level (for internal use): 11

The Team Credit Ratings is part of S&P Global's Global Ratings Services, bringing together more than 1,400 analysts across leading financial centers worldwide. The Infrastructure & Project Finance practice delivers credit analysis on essential, long-lived assets and ring-fenced project financings, covering contractual frameworks, demand and operating risks, sponsor strength, and financial resilience under stress. The North America Infrastructure Ratings team provides independent credit analysis and ratings on essential infrastructure assets and financings throughout the U.S. and Canada — spanning transportation, energy and utilities, digital infrastructure (including data centers), and social infrastructure — across both project finance structures (PPP/availability-based, contracted-revenue, and demand-risk) and corporate debt, including regulated Investor-Owned Utilities, midstream operators, LNG developers, and power generators. Supported by a strong pipeline of new issuances and refinancings, the team delivers timely, rigorous credit assessment, clear rating rationale, and ongoing surveillance, supporting capital formation and market understanding across rapidly evolving subsectors.

Responsibilities and Impact

This role contributes to the independent credit opinions that capital markets rely on to assess risk and allocate capital across North American infrastructure — a high-profile and growing sector. By delivering rigorous credit analysis, clear rating rationale, and timely surveillance, the role supports capital formation for critical infrastructure assets and strengthens S&P Global Ratings' Infrastructure sector coverage.

Responsibilities

• Team Contribution & Capability Building Coach Research Assistants and Rating Analysts on credit analysis, data discipline, and analytical tooling, building team capability through shared standards and repeatable analytical processes.
• Identify and propose AI-enabled workflow improvements and lightweight automations that free team capacity for higher‑value analysis, partnering with senior members and Data/Engineering teams to scale solutions with appropriate governance and controls.
• Core Analytical & Delivery Lead end-to-end credit analysis and ratings execution for assigned credits, owning surveillance and portfolio updates that synthesize performance data, market signals, and peer context into timely, committee‑ready risk insights. Prepare, review, and validate financial models, analytical inputs, and key outputs — including cash flow modeling, ratio and covenant analysis — ensuring alignment to methodology, sector frameworks, and evidentiary standards. Apply AI and large language model tools within recurring analytical workflows, using structured validation and sound analytical judgment to maintain the quality and integrity of conclusions.
• Stakeholder & Market Engagement Participate in management meetings, due diligence calls, and surveillance discussions alongside senior team members, translating complex analysis into clear, structured narratives for clients and rating committees. Build trusted stakeholder relationships through collaborative, analytically credible, and adaptable communication.
• Risk Management and Operating Ensure adherence to analytical methodology, confidentiality standards, and data governance requirements, escalating issues early with clear options and recommendations. Contribute to the design, testing, and rollout of controlled automation and agentic workflows, including defining what must remain human‑led, particularly for material risk calls and rating committee conclusions.

Compensation/Benefits Information (US Candidates)

S&P Global states that the anticipated base salary range for this position is $105,500 to $123,000 USD. 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. In addition to base compensation, this role is eligible for an annual incentive plan. This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, please click here.

What We’re Looking For

Required Skills and Experience

• An S&P Global employee at this level would typically have 3 to 5 years of relevant experience in project finance, infrastructure finance, or a related credit discipline such as ratings, banking, advisory, or investing.
• Demonstrated ability to develop and support credit views, manage a portfolio of credits, and prepare committee‑ready materials across North American infrastructure sectors.
• Demonstrated ability to perform rigorous financial analysis, including cash flow modeling, ratio and covenant analysis, and application of accounting fundamentals to summarize key risks, mitigants, and sensitivities.
• Effective written and verbal communication skills, including the ability to draft clear, high‑quality rating reports and present structured analytical narratives to senior stakeholders and rating committees.
• Demonstrated experience applying AI or large language model tools within analytical workflows, with the ability to validate outputs using sound credit judgment.

Preferred or Helpful Experience

• Experience covering North American infrastructure or project finance markets, with awareness of key sector developments including transportation, power, or digital infrastructure.
• Demonstrated coaching or knowledge‑sharing capability that supports consistent analytical standards across a team.
• Experience contributing to internal knowledge‑building initiatives, working groups, or research and commentary efforts.
• Experience contributing to or designing automation or agentic workflows within a governed, controlled analytical environment.
• Bachelor’s degree or equivalent required.
• A master’s degree or professional certification (such as CFA) is highly valued.

We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Additional Information

We require all candidates who reach the final stage of our interview process to attend at least one in‑person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer.

Employees are required to work from the office a minimum of two days per week.

Right to Work Requirements This role is limited to persons with an indefinite right to work in the United States.

About S&P Global Ratings

At S&P Global Ratings, our analyst‑driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high‑quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions. S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.

What’s In It For You?

Our Mission: Advancing Essential Intelligence.

Our People: We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective.

From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Our Values: Integrity, Discovery, Partnership Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits

Benefits: We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company‑matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best‑in‑class benefits for families.
• Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Global Hiring and Opportunity at S&P Global

At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.

S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.

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Equal Opportunity Employer

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 send an email to:[e-mail] your request will be forwarded to the appropriate person.

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