Project & Infrastructure Finance Credit Analyst, Director (Legal) Toronto

At Fitch we have an open culture where employees are able to exchange ideas and perspectives throughout the organization irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective. Fitch is also committed to supporting its employees by advancing conversations around diversity equity and inclusion. Fitchs Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitchs ERGs are available to connect employees with others within the organization to offer professional and personal support.

With our expertise we are not only creating data and information but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

Project & Infrastructure Finance Credit Analyst Director (Legal)

Fitch is seeking an D for a legal document review and analysis role within its Corporates Infrastructure & Project Finance Group focused on Project & Infrastructure Finance. The role will work closely with the Complex Credit Group (CCG) to evaluate new and innovative project finance structures. The ideal candidate will be an attorney with strong analytical skills and a deep understanding of project finance documentation contractual risk allocation and transaction structures. A core expectation is the ability to translate legal terms and structural protections into clear decision-useful views on cash flow stability default risk and recovery outcomes.

What We Offer

• A team-oriented environment where strong communication high productivity and a results-driven mindset are essential
• Opportunity to contribute to high-visibility analysis at a global rating agency
• A platform that supports more informed debt capital markets decisions through timely insightful and forward-looking rating actions and research
• An environment that supports work-life balance through predictable hours and a hybrid work arrangement

Well Count on You To

• Review and interpret transaction documents to inform credit analysisby identifying key risks mitigants and watch items relevant to rating analysis including:
• Financing agreements security documents intercreditor arrangements and core project contracts (leases EPC O&M offtake/PPAs concessions)
• Structural protections (cash waterfall mechanics reserve accounts distribution tests DSCR-based covenants cash sweeps)
• Creditor protections and enforcement/recovery mechanics (security packages step-in rights direct agreements intercreditor terms)
• Construction and completion frameworks (EPC terms LDs performance security guarantees)
• Operating and revenue risk allocation (PPAs/offtake terms merchant exposure volume/price risk curtailment change-in-law termination regimes)
• Documentation trends across infrastructure and project financings
• Produce clear repeatable deliverablesthat translate documentation into analytical inputs such as:
• Deal term sheets and key terms trackers
• Key risks/mitigants issue-spotting memos for new transactions
• Assess key quantitative and qualitative credit factorsfor individual transactions and issuers including cash flow protections counterparty risk and enforceability considerations
• Participate in meetingswith project sponsors developers operators legal and other stakeholders
• Educate and advise analytical colleaguesby presenting your view on documentation structural strengths/weaknesses and areas of concern
• Participate and vote in credit committeesfor infrastructure and project finance transactions

You Need to Have

• Experience practicing law (project finance/infrastructure preferred)
• 47 years of relevant experience (attorney) preferably in project finance infrastructure finance structured/project debt or capital markets
• Deep familiarity with project finance documentation and structures including:
• Common terms/credit agreements intercreditor arrangements and security packages
• Cash flow waterfalls covenants events of default cure rights and remedies
• Direct agreements/consents and step-in frameworks
• Project documents (leases power purchase agreements offtake agreements)
• Capital markets and/or credit analysis experience is a plus
• Strong analytical quantitative and organizational skills
• Excellent written and verbal communication skills and ability to work effectively in a team
• Intellectual curiosity and motivation to analyze varied financing structures and asset types
• Flexibility and adaptability as priorities change

What Would Make You Stand Out

• Meaningful experience focused on project finance/infrastructure including exposure to:
• Digital infrastructure
• P3/PPP concession structures
• Hybrid merchant/contracted revenue frameworks
• Strong interest in capital structures creditor protections and recovery outcomesand the ability to form an independent well-supported view
• Experience executing research projects from idea generation through writing and presenting externally
• Outstanding interpersonal skills including demonstrated leadership and effective engagement with internal and external stakeholders

Toronto candidates: Expected base pay rates for the role will be between $175000 and $225000 per year. Actual salaries will be determined on an individualized basis and may vary based on factors including but not limited to education training experience past performance and other job-related factors. Base pay is one part of Fitchs total compensation package which depending on the position may also include commission earnings discretionary bonuses long-term incentives and other benefits sponsored by Fitch.

#LI-RA1 #LI-HYBRID

Fitch is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race color religion sex national origin disability protected veteran status sexual orientation gender expression gender identity or any other characteristic protected by law.

Required Experience:

Director

Employment Type : Full-Time
Experience: years
Vacancy: 1
Yearly Salary Salary: 175000 - 225000