Project Finance and Infrastructure - Associate/Associate Director (NY)

The role

The candidate will lead and support new rating assignments and ongoing surveillance across project finance and infrastructure sectors. This involves transaction analysis, rating recommendations, and execution of the rating process.

What you will do

• Lead and execute new rating assignments and ongoing surveillance across project finance and infrastructure sectors.
• Analyze project cash flows, financial models, financing and transaction structures, legal documentation, engineering and technical reports, and key contractual arrangements.
• Review and challenge sponsor financial models and develop independent base case, sensitivity, and downside stress scenarios.
• Evaluate key project risks including construction, operational, counterparty, regulatory, market, and refinancing risks.
• Develop rating recommendations and prepare and present transaction analysis to KBRA rating committees.
• Draft and review rating reports, press releases, surveillance reports, and research publications.
• Lead surveillance of assigned credits by monitoring financial and operating performance.
• Lead analytical interactions with issuers, project sponsors, lenders, investors, and other transaction parties.
• Conduct transaction, industry, and sector research.
• Mentor Analysts and Senior Analysts and review analytical work products.

Required qualifications

• Bachelor’s degree in Finance, Accounting, Economics, Engineering, Mathematics, Business, or another field requiring strong quantitative and analytical skills.
• Approximately 4–8 years of relevant experience in project finance, infrastructure finance, ratings, lending, advisory, banking, investing, or a related field.
• Strong financial modeling and Excel skills.
• Strong understanding of project finance structures, documentation, contractual frameworks, and risk allocation.
• Demonstrated experience evaluating complex project finance and infrastructure transactions.
• Strong quantitative and analytical skills with high attention to detail.
• Demonstrated ability to write clearly and concisely.
• Excellent verbal communication and presentation skills.
• Ability to independently manage multiple transactions, rating assignments, and priorities effectively.
• Ability to work collaboratively across disciplines in a challenging and dynamic environment.
• Ability to mentor junior analysts and provide constructive review and feedback on analytical work.

Nice to have

• Progress toward the CFA designation or other relevant professional qualifications

Benefits

• A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program

About the company

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO.