Senior Analyst, Infrastructure & Project Finance – Denver

for prose. So we need to decide: responsibilities are duties; we can present as a list of bullet points each representing a duty. Could also keep prose paragraphs but better to list. We need to preserve all substantive information; not invent or summarize away detail. So we need to capture each bullet's content. Let's extract responsibilities bullet points: From "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. From "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. From "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. From "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. Also there is an "Impact" paragraph before responsibilities: "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." That can be a

under About the role or separate? Probably part of About the role. Now Compensation/Benefits Information (US Candidates): - Anticipated base salary range: $105,500 to $123,000 USD. - Final base salary based on geographic location, experience level, skill set, training, licenses and certifications. - Eligible for an annual incentive plan. - Eligible to receive additional S&P Global benefits. - Link to benefits page. We need Pay section if posting actually states them. Yes, salary range given. So we should include Pay section with that info. Also Benefits section: they mention benefits but not specific details; they say "eligible to receive additional S&P Global benefits" and link. There's also a later "Benefits" section after "What’s In It For You?" which lists benefits: Health & Wellness, Flexible Downtime, Continuous Learning, Invest in Your Future, Family Friendly Perks, Beyond the Basics. That's substantive benefits. So we should include Benefits section with those bullet points. Schedule: There's mention: "Employees are required to work from the office a minimum of two days per week." That's schedule info. So we can include Schedule section with that. Also there is "Additional Information": in-person interview requirement, right to work, etc. Those are not required sections; we could maybe include as a short p under About the role or separate "Additional Information". But instruction: include a section ONLY when posting has real, specific content for it — never emit a heading followed by filler/placeholder text. The additional info is specific: must attend at least one in-person interview, must work from office min two days per week, right to work indefinite in US. Could be placed under a section like "Additional Information" but not listed as allowed headings; allowed headings are About the role, Responsibilities, Requirements, Qualifications, Skills, Benefits, Pay, Schedule. So we should fold that info into appropriate sections: maybe under About the role (or Responsibilities?). The in-person interview requirement is about hiring process, not role duties. Could be placed under About the role as a note. The right to work requirement is eligibility; could be under Requirements? But we have Requirements section for qualifications. Could add a note there. We also have "Required Skills and Experience:" and "Preferred Or Helpful Experience". Those go under Requirements or Skills. We'll create a Requirements section with bullet points for required skills/experience, and maybe a Skills section for preferred? But we can combine. We need to avoid duplication. Let's structure:

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.

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.

Additional information: Candidates must attend at least one in-person interview before an offer can be made. Employees are required to work from the office a minimum of two days per week. This role is limited to persons with an indefinite right to work in the United States.

Responsibilities

• 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.
• 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.
• 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.
• 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.

Requirements

Skills

• 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.
• Bachelor's degree or equivalent required.
• A master's degree or professional certification (such as CFA) is highly valued.

Preferred Skills

Requirements

Required:

... required bullets ...

Preferred or helpful experience:

... preferred bullets ...