Credit Analyst, Associate Director (Legal)

Responsibilities

• Review and interpret transaction documents, including financing agreements, security documents, and intercreditor arrangements, to identify key credit risks and mitigants.
• Analyze structural protections such as cash waterfall mechanics, reserve accounts, and distribution tests.
• Evaluate construction and completion frameworks, including EPC terms, performance security, and guarantees.
• Assess operating and revenue risk allocation, including PPA/offtake terms and merchant exposure.
• Produce analytical deliverables such as deal term sheets, key terms trackers, and issue-spotting memos.
• Participate in meetings with project sponsors, developers, and legal stakeholders.
• Educate analytical colleagues on documentation strengths, weaknesses, and areas of concern.
• Participate and vote in credit committees for infrastructure and project finance transactions.

Requirements

• 4–7+ years of relevant experience as an attorney or senior paralegal.
• Deep familiarity with project finance documentation and structures (e.g., credit agreements, security packages, and step-in frameworks).
• Background in project finance, infrastructure finance, structured debt, or capital markets.
• Strong analytical, quantitative, and organizational skills.
• Excellent written and verbal communication skills.
• Ability to work effectively in a team-oriented, results-driven environment.

Preferred Qualifications

• Experience with digital infrastructure, P3/PPP concession structures, or hybrid revenue frameworks.
• Capital markets or credit analysis experience.
• Proven ability to execute research projects from idea generation through to presentation.
• Strong interest in capital structures, creditor protections, and recovery outcomes.

Benefits

• Opportunity to contribute to high-visibility analysis at a global rating agency.
• A team-oriented environment that values diverse perspectives and open culture.
• A platform that supports informed debt capital markets decisions through insightful research.

About the Company

Fitch Ratings is a leading global credit rating agency that provides timely insights to influence decision-making in highly competitive markets. We embrace diversity and authenticity, fostering an inclusive environment where employees can have a real impact.