The Global Project Finance & Infrastructure Finance team is seeking a highly motivated individual, preferably with five to seven years of experience as a credit analyst with a background in project and infrastructure finance, to join its team of analysts in New York City as an Assistant Vice President. Working closely with members of the team in New York and Toronto, the successful candidate will largely be responsible for supporting the U.S. based portfolio, which includes performing financial statement analysis, using financial models, drafting rating reports, compiling rating committee materials and having a well-developed understanding of the overall credit analysis process.
About The Role
The successful Candidate will work on a variety of transactions as a rating analyst, performing lead and supporting analyst responsibilities within project and infrastructure finance, including power and renewable energy (e.g. natural gas, wind, solar, hydro generation), digital infrastructure (e.g. data centers, telecommunications cell towers, fiber networks) and broader infrastructure assets (PPPs, toll roads, airports, ports and stadiums). The role involves performing contract documentation review, financial statement analysis, using financial models, drafting rating reports and press releases, compiling rating committee materials and publishing high quality and timely topical research.
Responsibilities
- Assist with covering the existing North American ratings portfolio as a rating analyst.
- Attend issuer and investor meetings with the Sector Lead(s) in Project Finance and Infrastructure Finance and other lead analysts to gain exposure to the ratings portfolio and the analytical approach.
- Build on existing knowledge of the industry and further expand the network.
- Initially contribute to new rating assignments as a rating analyst supporting lead analysts and eventually act as a lead analyst on a variety of assets classes within the sector.
- Produce timely, high-quality credit reports, research notes and commentaries on rated entities.
- Manage extensive spreadsheets on rated entities.
- Contribute to the development and maintenance of relationships with fixed-income investors.
- Analytically support business development initiatives.
- Contribute to the refinement of methodologies, research products and rating approaches.
- Support the team on the delivery of timely and innovative topical research.
Qualifications
- Five to seven years of experience as a financial analyst (preferably in credit), with a minimum of two years experience related to Project and Infrastructure Finance.
- Degree in business, economics, commerce, engineering or a related discipline.
- Solid research, analytical and financial modelling skills, with a high attention to detail.
- Experience in reviewing financing agreements and legal contracts from a credit point of view.
- Strong communication skills, both oral and written.
- Self-starter and strong team player and a demonstrated ability to work in a fast-paced environment.
- Completion of, or demonstrated progress towards the CFA program is preferred.
- Experience in public-private partnerships and/or diversified industries (i.e. utilities, Independent Power Producers) is an asset.
- Previous rating agency experience is an asset.
Compensation And Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide-range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
- Financial Health
- 75% 401k match up to 7%
- 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 Leave & Paternity Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Education Stipend
- Tuition Reimbursement
- Social Health
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Base Salary Compensation Range
$95,000.00 - $150,000.00
Bonus Target %
20
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Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we’ve found that we’re at our best when we’re purposely together on a regular basis, typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you’ll have tools and resources to engage meaningfully with your global colleagues.
