The successful candidate will work on a variety of transactions as a lead analyst within project and infrastructure finance including bespoke project financings (e.g. technology infrastructure, large industrial equipment leases, stadiums, etc.) and broader infrastructure mandates (PPPs, toll roads, airports, container terminals, ports, utilities).
This role involves assessment of the business and project risk factors, performing financial statement analysis, using financial models, drafting rating reports and press releases, including the compilation of rating committee materials.
The successful candidate will also be managing the relationships with issuers and bankers as required and ensuring the provision of high quality and timely topical research.
Job Responsibilities
- Assess credit worthiness and maintain rating opinions of various project finance and infrastructure issuers.
- Develop a deep understanding of the methodologies and criteria for the sectors under coverage.
- Lead external meetings and internal rating committees.
- Analytically support business development initiatives.
- Contribute to the methodology development for the sector(s).
- Produce timely, high-quality credit reports, research notes and commentaries on rated entities.
- Lead the development of innovative topical research and publication of related industry studies and commentaries.
- Build and maintain relationships with issuers and investors.
- Represent DBRS Morningstar externally at conferences, with media, and on occasion with regulators.
- Respond to inquiries from investors and media representatives.
- Contribute the refinement of research products and rating approaches.
Qualifications
- Minimum of 7 years of applicable financial analysis experience, with specific credit experience related to Project Finance and Structured Finance.
- Degree in business, economics, engineering or a related discipline preferred.
- Strong knowledge of project finance, structured finance, and financial markets.
- Excellent analytical skills and attention to detail.
- Solid corporate finance and financial statement analysis capabilities.
- Experience reviewing legal contracts and financial agreements.
- Strong written and verbal communication skills.
- Proven ability to collaborate effectively in team environments.
- Willingness to travel as required.
- Experience in broader PPP and infrastructure industry is a plus.
- Previous rating agency experience is a plus.
- Completion of the CFA or MBA program is a plus.
Base Salary Compensation Range
EUR 94,400.00-137,467
Bonus Target:
25% Annual
Base Salary Compensation Range
0.00-0.00
Bonus Target:
We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidate's qualifications, experience, and other job-related factors.
Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.
What the Team is Saying
Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — Time-off policies include flexible PTO and a paid sabbatical every four years, often highlighted as a standout perk. Feedback suggests this structure supports strong work–life balance and meaningful breaks.
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Parental & Family Support — Policies advertise a global minimum of 16 weeks for primary caregivers, up to 8 weeks for secondary caregivers, and at least six weeks of paid caregiving leave. These offerings signal above-average support for family and caregiving needs.
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Retirement Support — Retirement programs feature employer 401(k) contributions/matching, with some postings citing a 75% match on up to 7% of pay. Feedback suggests these offerings are a strong pillar of the package.
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We are a global investment research and financial data company with 40-plus offices across North America, Europe, Australia, and Asia. Our products and services are used daily by individual investors, financial advisors, asset managers, retirement plan providers, and institutional investors. We provide data, research, and analysis across managed investment products, publicly listed companies, private capital markets, debt securities, and real-time global market data. The financial system can have real barriers—hidden information, friction that can slow decisions, and forces that can limit transparency and access. We work to remove them, bringing independent research, connected data, and investor-first tools to a system that needs more clarity. The people doing this work span research, technology, design, product, sales, and functional areas. We build many of our products in-house, so the work can connect directly to the tools investors use to make real financial decisions.
Why Work With Us
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Employees engage in a combination of remote and on-site work.
Across most of our offices globally, employees work four days a week in the office and one day from home. We recognize that life doesn't always fit a fixed schedule and offer programs that can help provided increased workplace flexibility.
