About the Role:
Grade Level (for internal use):
11 About the Role
The Infrastructure & Project Finance practice provides credit analysis on essential, long-lived assets and ring-fenced project financings — assessing contractual frameworks, demand and operating risks, long-term financial forecasts, and resilience under stress. The EMEA Transport team consists of 15 analysts across London, Madrid, Paris, Milan, Frankfurt, and Dubai, covering approximately 130 issuers across Europe — comprising project financings and transport infrastructure corporate entities including airports, ports, toll roads, and rail operators. The team works closely with the global Digital Infrastructure team and EMEA Utilities colleagues, while also supporting project finance transactions in Israel. Team members value collaboration, analytical excellence, and cross-skilling to deliver high-quality ratings in a timely manner.
What You'll Do
Impact
At S&P Global, our values — Discovery, Integrity, and Partnership — shape how we work, collaborate, and earn trust. We embrace AI as an enabler, guided by rigorous governance and risk management, to enhance the intelligence of our people, deep relationships, and trusted insights. By leveraging technology with human expertise, we help our teams navigate complexity and deliver actionable, decision-ready intelligence without compromising quality, accountability, or integrity.
Responsibilities
Core Analytical & Delivery
Lead end-to-end analytical execution for assigned project finance credits, ensuring high-quality analysis and timely delivery; own surveillance and updates for the assigned portfolio, synthesizing performance, market signals, and peer context into decision-useful insights.
Prepare and review key outputs and financial model inputs, reconcile metrics, document assumptions and changes to ensure adherence to methodologies and standard operating procedures, while supporting AI tools and automation to accelerate workflows with structured validation and analytical judgment.
Team Contribution & Capability Building
Provide day-to-day guidance and coaching to junior analysts, building capability in credit analysis, data discipline, and tooling; drive consistency through codified standard work, propose lightweight automations that free capacity for higher-value analysis, and foster continuous improvement by removing manual steps without compromising governance.
Stakeholder & Market Engagement
Engage with issuer management teams alongside senior colleagues; craft client- and committee-ready narratives that translate complex data and analysis into clear, evidence-based insights that convey S&P Global's analytical expertise and drive engagement with market participants.
Risk Management and Operating
Ensure adherence to methodology, confidentiality, and data governance requirements; embed responsible AI use with approved tools only, and contribute to controlled automation and agentic workflow design, supporting testing, rollout, and training others.
What We're Looking For
Required Skills and Experience
Demonstrated analytical experience in project finance methodology, with the ability to independently manage a portfolio of project finance transactions with limited oversight.
Strong financial modelling skills, with a high degree of accuracy in validating inputs, reconciling metrics, and documenting model assumptions.
Strong credit, financial, and risk analysis skills, linking fundamental drivers to forward-looking views and risk appetite, with practical experience embedding AI tools and large language models into analytical workflows.
Effective written and verbal communication skills, with the ability to synthesize complex analysis into clear, structured narratives for external clients and internal committees.
High standards for quality, traceability, and governance, with sound judgment on responsible AI use in controlled environments.
English: Required — Fluent (able to conduct meetings, collaborate effectively,…