Director, Infrastructure – Project Finance, New York

About the Role:

Grade Level (for internal use):

13 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 and 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 and corporate debt, including regulated investor-owned utilities, midstream operators, liquefied natural gas (LNG) developers, and power generators.

Responsibilities and Impact

Impact

This role offers a meaningful opportunity to shape credit analysis across one of the most dynamic and strategically important segments of capital markets. As Director, the role carries responsibility for managing a diverse portfolio of North American infrastructure credits, delivering rigorous, forward-looking rating opinions that support capital formation and market understanding across rapidly evolving subsectors. The Director leads and develops a team of analysts, drives analytical quality and consistency, and engages with issuers, investors, and market participants as a credible voice on infrastructure credit — supported by a strong pipeline of new issuances and refinancings.

Responsibilities

Leadership & Talent Development

Lead, coach, and develop analysts, building credit expertise and the capability to effectively leverage digital and AI-enabled tools.

Drive adoption of modern analytical practices by embedding generative AI, advanced analytics, and automation into monitoring, drafting, research, and workflow execution — improving speed, consistency, and analytical depth while preserving human judgment and accountability.

Core Analytical & Delivery

Lead high-quality credit and capital markets analysis across assigned issuers and sectors, delivering forward-looking insights that support ratings, monitoring activities, risk assessments, and rating committee discussions in a fast-paced environment.

Translate issuer and sector developments into clear, decision-ready analytical perspectives, integrating scenario analysis and forward-looking risk considerations.

Identify and implement workflow improvements in partnership with Data, Technology, Compliance, In-Business Control, and Methodology teams to scale best practices.

Stakeholder & Market Engagement

Build and maintain strong relationships with issuers, investors, and market participants through credible, insight-led engagement.

Communicate complex, data-informed analysis clearly while maintaining analytical independence and objectivity.

Risk Management and Operating

Ensure strong analytical execution with clear documentation, high-quality outputs, and adherence to governance and regulatory standards.

Maintain oversight of portfolio risk to identify and escalate emerging risks early.

Apply disciplined oversight to the use of AI and automated outputs, ensuring transparency, explainability, and appropriate controls are in place.

Compensation/Benefits Information (US Candidates)

S&P Global states that the anticipated base salary range for this position is $180,000 to $240,000 USD. 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. In addition to base compensation, this role is eligible for an annual incentive plan. This role is eligible to receive additional S&P Global benefits. For more information on the benefits we provide to our employees, please click here .

What We're Looking For

Required Skills and Experience:

An S&P Global employee at this level would typically have 10+ years of relevant experience in project finance or infrastructure finance, including roles in ratings, banking, advisory, investing, or credit.

Demonstrated understanding of infrastructure project structures and documentation, including public-private partnership (PPP) agreements, engineering, procurement, and construction (EPC) and operations and maintenance (O&M) contracts, and offtake or availability-payment frameworks.

Strong financial analysis expertise, including cash flow modeling, ratio and covenant analysis, and accounting fundamentals.

Proven ability to lead and deliver high-quality credit analysis across a wide variety of asset classes, and to train and coach junior analysts through structured feedback and quality review.

Experience mentoring or managing analysts, with a demonstrated ability to build team capability and foster a culture of accountability and continuous improvement, including the adoption of AI and automation.

Practical experience using generative AI, advanced data analytics, or automation tools to enhance research, monitoring, and workflow efficiency while maintaining strong validation and analytical discipline.

Strong relationship management and communication skills, with the ability to present complex analytical insights clearly and credibly to issuers, investors, and market participants while maintaining analytical independence.

Disciplined approach to portfolio risk oversight, with the ability to identify emerging risks early, escalate appropriately, and operate within established governance frameworks.

Preferred or Helpful Experience:

Education: Bachelor's degree or equivalent required. A master's degree or professional certification (such as CFA) is highly valued. We welcome candidates from traditional finance disciplines as well as diverse academic backgrounds that support innovative and critical thinking.

Additional Information:

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

Employees are required to work from the office a minimum of two days per week.

Right to Work Requirements

This role is limited to persons with an indefinite right to work in the United States.

• About S&P Global Ratings
• At 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