About the Role:

Grade Level (for internal use):

12

The Team:

You’ll join our dynamic North American infrastructure team, part of the Global Infrastructure Practice. Based primarily in New York and Toronto, the team covers Power & LNG, Midstream, Regulated Utilities, and Project Finance P3, though coverage can evolve. You may cover multiple sectors. You’ll collaborate with experienced industry specialists globally who rate infrastructure companies and assets, within a highly integrated and collegiate S&P Global Ratings culture that emphasizes teamwork, knowledge sharing, and cross-team collaboration.

What you stand to Gain:

• Career growth: Opportunity to develop technical and leadership skills through exposure to complex infrastructure financings and mentoring.

• Market exposure: Regular interaction with issuers, investors, and policy makers across North America.

• Thought leadership: Contribute to commentaries and research that shape market understanding of infrastructure credit.

• Global collaboration: Work with specialists across regions on cross-border transactions and sector trends.

The Impact and Responsibilities: 

The Impact:

At S&P Global Ratings, your analytical opinion truly matters and each person who works here has an essential role in our reputation for integrity, transparency, and ratings excellence. We bring transparency and comparability to financial markets, helping investors measure and manage credit risk. Infrastructure is a rapidly growing sector, and this role offers the opportunity to contribute to its growth while developing professionally in a fast-paced environment.

Responsibilities:

As an Associate Director in the Global Infrastructure Practice, you will perform rigorous analytical work, including research, fundamental credit analysis, financial statement analysis, financial modeling, and report writing on rated corporate and project finance entities. Specifically, you will:

• Act as the Primary Analyst for a portfolio of credits, managing issuer relationships and ongoing surveillance.

• Conduct surveillance and make rating recommendations, preparing clear, well-supported analytical conclusions.

• Present analytical findings to internal stakeholders, credit committees, and external investors.

• Support new issuer coverage and new issues, including project financings and rating evaluation services.

• Develop and maintain financial models and credit metrics, ensuring accuracy under tight deadlines.

• Contribute to commentaries and thought leadership and mentor junior team members.

• Participate and vote in credit committees, providing original insight and rigorous analysis.

• Operate within established ratings criteria, policies, and procedures, and drive continuous improvement and high customer service standards.

Compensation/Benefits Information: 

US Candidates: : S&P Global states that the anticipated base salary range for this position is USD $137,000 - $185,000. 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. 

Canadian Candidates: S&P Global states that the anticipated range of compensation for this position is CAD 129,000 to CAD 177,000 . Final compensation for this role will be based on the individual’s performance, geographic location, as well as experience level, skill set, training, licenses, and certifications. In accordance with Ontario's new regulations effective January 1, 2026, this job posting provides information on expected compensation. S&P Global will not be utilizing artificial intelligence in our hiring process. Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview. This posting is for an existing vacancy, and we encourage you to reach out for further information regarding our hiring practices or any questions you may have. Thank you for considering a career with us!

What We’re Looking For: Basic Required Qualifications:

• An S&P Global employee at this level would typically have 5+ years of extensive experience in credit analysis within a large commercial bank, investment bank, investing institution/asset manager, rating agency, or audit firm.

• Bachelor’s degree in Business, Economics, Finance, Engineering, Mathematics, or a related field.

• Strong analytical skills with detailed understanding of financial statement analysis and accounting concepts; proficiency with financial models and credit metric calculations.

• Working knowledge of energy infrastructure including unregulated power, midstream, refining, and LNG; familiarity with typical project finance legal documents.

• Strong Excel skills including formulas, VLOOKUPs, pivot tables, and data filters.

• Excellent interpersonal and communication skills; customer-oriented with strong presentation ability; intellectually curious, self-starter with a strong work ethic.

• All employees are required to work from the office a minimum of 2 days per week.

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

Preferred Qualifications:

• Advanced degree or designation: MBA or Master’s degree in Finance, Economics, Accounting, Engineering, Mathematics and/or recognized designation such as the CFA or FRM.

• Additional experience: Prior exposure to project finance transactions, corporate credit analysis in infrastructure sectors, or investor-facing roles.

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

About S&P Global RatingsAt 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.

For more information, visit www.spglobal.com/ratings

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. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.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:

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.

Our benefits include: 

• 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.

Recruitment Fraud Alert:

If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com. S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.

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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: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person.   US Candidates Only: Know Your Rights: Workplace discrimination is illegal

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202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)