Vice President, Project Finance

About the role

Morningstar DBRS is seeking an experienced individual with 7+ years of experience in credit analysis to join its Project Finance team based in New York.

Responsibilities

• Monitor a diverse portfolio of project finance ratings, including new transactions and ongoing surveillance.
• Serve as lead analyst on transactions across power and renewable energy, digital infrastructure, PPPs, transportation, and other core infrastructure sectors.
• Conduct detailed review of transaction documentation (PPAs, concession agreements, financing agreements, legal opinions) to assess credit implications.
• Perform comprehensive financial statement analysis and review complex project finance models including scenario analysis and financial forecasts.
• Draft clear, high-quality rating reports, press releases, and analytical commentary that communicate credit drivers and key risks to the market.
• Present credit rating recommendations to rating committees, incorporating feedback and defending analytical perspectives.
• Contribute to the ongoing development, refinement, and application of project finance methodologies and sector-specific criteria, particularly as new structures and technologies evolve.
• Engage directly with issuers, sponsors, investors, and advisors to discuss analytical views, rating rationales, and methodological approaches.
• Build and maintain strong relationships with fixed-income investors through analytical discussions and outreach activities.
• Provide analytical support for business development initiatives where appropriate.
• Support informal training and knowledge-sharing within the team as needed.

Qualifications

• 7 + years of financial analysis, with specific credit experience related to project finance.
• Experience from other ratings agencies, infrastructure advisory, Bank Project Finance Credit Teams or Buyside Credit is preferred.
• Degree in business, economics, engineering or a related discipline preferred.
• Solid power sector, infrastructure and financial markets knowledge.
• Strong research skills and focus on detail.
• Strong corporate finance and financial statement analytical abilities.
• Experience in legal review of contracts and financial agreements.
• Strong communication skills, both oral and written.
• Experience in broader PPP and infrastructure industry in North America is a strong asset.
• Completion of the CFA or MBA program is an asset.
• Ability to work effectively in a fast-paced, team-oriented environment.
• Willingness to travel as required.