Assistant Vice President, Project Finance

The Group The Global Project Finance & Infrastructure team is seeking a highly motivated Assistant Vice President (AVP) to join its New York-based analytical platform, supporting North American project and infrastructure mandates. The Role In this newly created role, you will be working closely with a team of analysts, and play an active role in the analysis and execution of ratings across a diverse portfolio of project finance and infrastructure transactions including power and energy assets (e.g., gas, wind, solar, hydro), digital and telecommunications infrastructure, transportation and social infrastructure (e.g., PPPs, toll roads, airports, ports), and bespoke limited-recourse financings such as large industrial assets and stadium projects. The AVP will support both new rating assignments and ongoing portfolio surveillance through detailed financial analysis, credit modeling, and transaction assessment. Over time, the successful candidate will assume increasing analytical ownership, transitioning from supporting analyst responsibilities to acting as a lead analyst across a range of asset classes. In addition to transaction work, the role involves contributing to rating committee materials, published credit opinions, and topical research, providing exposure to the broader analytical framework that underpins the team’s ratings and thought leadership across the evolving infrastructure landscape. Responsibilities Support coverage of the existing U.S.-based project finance and infrastructure ratings portfolio Participate in issuer and investor meetings alongside team leads and senior analysts Contribute to new rating assignments, initially as a supporting analyst and ultimately as a lead analyst Perform financial and operational analysis using credit models and analytical frameworks Produce timely, high-quality rating reports, research notes, and commentaries Maintain and analyze financial datasets related to rated entities Support rating committee preparation and analytical discussions Contribute to the development and maintenance of relationships with fixed-income investors Provide analytical support to business development initiatives Assist in the refinement of methodologies, research products, and rating approaches Contribute to the delivery of timely and forward-looking sector research Qualifications Five to seven years of relevant professional experience, including at least three years in Project or Infrastructure Finance Degree in business, economics, commerce, engineering, or a related discipline Strong analytical and financial modeling skills with a high attention to detail Experience reviewing financing agreements and legal documentation from a credit perspective Strong written and verbal communication skills Demonstrated ability to operate in a fast-paced, team-oriented environment CFA designation (or progress toward) or MBA preferred Experience in public-private partnerships is an asset Prior rating agency experience is considered an asset About Us Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world. Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service. Morningstar DBRS is the next generation of credit ratings. 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 100% 401k match up to 6% of salary 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 Caregiving Leave Competitive 8-24 Week Paid Parental Leave Adoption Assistance Leadership Coaching & Formal Mentorship Opportunities Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses 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 $97,854.00-137,910.00 Incentive Target Percentage 20% Annual If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker. Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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. R06_DBRSInc DBRS, Inc. - US Legal Entity How to Apply for a Job at Morningstar Step 1 When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please. Step 2 You will receive an email notification to confirm that we've received your application. Step 3 If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position. Applicants With Disabilities Who Need Accommodation Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call View phone number on click.appcast.io or email View email address on click.appcast.io and let us know the nature of your request and your contact information. Please note: We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests. Please be sure to include the title and location of the open position you’re interested in when you leave a message. 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