Associate Director – Infrastructure (Project Finance), Denver

About the Role: Grade Level (for internal use): 12 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 deliver s time ly , rigorous credit assessment, clear rating rationale, and ongoing surveillance, supporting capital formation and market understanding across rapidly evolving subsectors.   Responsibilities and Impact Team Contribution & Capability Building Coach junior team members on credit fundamentals, modeling discipline, and the responsible use of AI tools, coordinating work across credits to manage quality and capacity risks. Embed continuous improvement into team routines by developing analytical playbooks, prompt libraries, and standard processes, and driving their adoption across the team. Core Analytical & Delivery Lead end-to-end credit analysis for an assigned portfolio of North America infrastructure project finance credits, preparing committee-ready materials and participating actively in rating committees. Manage portfolio surveillance and updates, connecting market developments and project performance to forward-looking risk themes, and embed AI tools into analytical workflows with disciplined validation and documentation. Stakeholder & Market Engagement Synthesize data, analysis, and research into clear, market-facing narratives for senior stakeholders and market participants, and contribute to thought leadership and sector commentaries. Risk Management and Operating Ensure adherence to analytical methodology, confidentiality standards, and data governance requirements, escalating risks early and contributing to controlled automation workflows with appropriate governance and human oversight. Compensation / Benefits Information US Candidates Only S&P Global states that the anticipated base salary range for this position is $120,000 to $148,000 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. For more information on the benefits we provide to our employees, please visit spgbenefits.com/benefit-summaries. What We're Looking For Required Skills and Experience An S&P Global employee at this level would typically have 5+ 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 PPP agreements, EPC and O&M contracts, and offtake or availability-payment frameworks. Demonstrated financial analysis skills, including cash flow modeling, ratio and covenant analysis, and accounting fundamentals. Demonstrated ability to deliver high-quality credit analysis across a portfolio with limited oversight and coach junior analysts through structured feedback and quality review. Practical experience embedding generative AI, large language models, or agentic workflows into analytical processes with disciplined governance, validation, and responsible AI practices including bias awareness and adherence to approved boundaries. Effective written and verbal communication skills for committee-ready documentation and engagement with issuers, investors, and market participants. 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. Experience scaling automation or agentic workflows by defining requirements, supporting testing, and enabling team adoption with appropriate governance controls. Experience simplifying analytical processes through standardization, tooling, and automation. Demonstrated credit analysis skills with the ability to connect market and sector developments to emerging credit risk themes. 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