Vice President – Project Finance & Infrastructure

Morningstar

. Analyze and monitor a diversified portfolio of project finance and infrastructure ratings, including new transactions and ongoing surveillance .

Posted 11/12/2026full-timeToronto • CanadaLead💰 CA$82,000 - CA$160,711 per yearWebsite

Core Competencies

Role fit

Core Competencies

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Demonstrates expertise in project finance and infrastructure credit analysis, with strong capabilities in financial modeling, credit risk assessment, and the preparation of analytical reports. Proven ability to engage with stakeholders and present credit recommendations effectively.

Highest-signal resume keywords

Project Finance AnalysisCredit Risk AssessmentFinancial ModelingInfrastructure FinancingCFA Designation Progress

ATS Keywords

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Applicant Tracking System Keywords

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Hard Skills

Financial Statement AnalysisCredit Rating ReportsSensitivity AnalysisCash Flow ForecastingTransaction Documentation ReviewAnalytical CommentaryCredit RecommendationsPortfolio SurveillanceAnalytical ApproachesResearch Notes

Soft Skills

Attention to DetailProblem-SolvingWritten CommunicationVerbal CommunicationTeam Collaboration

Certifications & Qualifications

CFA DesignationMBA

Industry Keywords

Infrastructure SectorsPower Purchase AgreementsConcession AgreementsFinancing AgreementsPPP TransactionsCredit Rating AgencyInvestment ManagementFinancial MarketsNorth American InfrastructureCorporate Credit Analysis

About the role

Key responsibilities & impact

Analyze and monitor a diversified portfolio of project finance and infrastructure ratings, including new transactions and ongoing surveillance
Lead or support rating assignments across conventional power, renewable energy, digital infrastructure, transportation, PPPs, and other infrastructure sectors
Review transaction documentation, including power purchase agreements, concession agreements, financing agreements, and legal opinions
Perform financial statement analysis and evaluate project finance models, cash flow forecasts, sensitivity analyses, and downside scenarios
Prepare credit rating reports, press releases, research notes, and analytical commentary
Develop rating committee materials, formulate credit recommendations, and present findings to rating committees
Engage with issuers, sponsors, investors, and advisors regarding credit performance, rating rationales, and methodologies
Manage portfolio surveillance and monitor financial performance, industry developments, and emerging credit risks
Contribute to project finance rating methodologies and sector-specific analytical approaches
Support analytical discussions with fixed-income investors and business development initiatives
Collaborate with colleagues across North America and Europe, contribute to knowledge-sharing, and develop junior analysts

Requirements

What you’ll need

Bachelor's degree in finance, business, economics, engineering, or a related discipline
At least five years of relevant financial or credit analysis experience, including a minimum of two years in project finance, infrastructure finance, or corporate credit analysis
For Vice President level: 7+ years of relevant experience in project finance and infrastructure finance credit analysis
Strong understanding of credit risk assessment, financial markets, and project finance or corporate financing structures
Relevant credit experience at a credit rating agency, bank, infrastructure advisory or consulting firm, or investment management firm
Experience across one or more infrastructure sectors is preferred
Strong financial modeling and financial statement analysis skills
Experience reviewing financing agreements, legal contracts, and other transaction documentation from a credit perspective
Strong research, analytical, and problem-solving capabilities with exceptional attention to detail
Excellent written and verbal communication skills
Strong analytical judgment and ability to develop, articulate, and defend credit recommendations
Ability to work independently and collaboratively in a fast-paced, team-oriented environment
Familiarity with North American infrastructure financing markets, particularly Canadian infrastructure and PPP transactions, is an asset
Completion of, or progress toward, the CFA designation or an MBA is an asset
Willingness to travel as required

Benefits

Comp & perks

Hybrid work environment with four days in-office each week in most locations
Tools and resources to engage meaningfully with global colleagues
Professional growth opportunities
Exposure to issuers, sponsors, investors, advisors, and other stakeholders
Annual incentive target of 20% for AVP level
Annual incentive target of 30% for VP level