Morningstar US | Vice President, Sports & Project Finance

Responsibilities

• This role offers a rare opportunity to work across two highly specialized areas of the ratings market, combining coverage of professional sports franchises, stadium financings, and sports media-related credits with project finance and infrastructure transactions.
• The role combines portfolio responsibility, new rating assignments, market engagement, and analytical leadership.
• The Sports Finance team is part of Morningstar DBRS's broader Project Finance and Infrastructure platform.
• The team provides independent credit analysis and ratings on sports franchises, stadium financings, and related media assets, while working closely with colleagues across project finance and infrastructure sectors.
• If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately.
• If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.
• You'll play a visible role in the market, leading credit analysis, engaging directly with issuers and investors, and helping shape Morningstar DBRS's perspective on sectors that continue to attract significant financing activity.
• Lead analysis and surveillance of sports franchise, stadium, and sports media-related ratings while contributing to new rating assignments across sports and project finance.
• Evaluate complex financing structures, financial performance, management strategy, and credit risks across a range of issuers, projects, and infrastructure assets.
• Develop rating recommendations and present analytical conclusions to rating committees, supporting transparent and well-reasoned rating outcomes.
• Engage directly with issuers, investors, advisors, and other market participants, serving as a key analytical contact for the sectors you cover.
• Review financing agreements, transaction documents, and legal structures supporting sports, project finance, and infrastructure transactions.
• Contribute to the development and refinement of rating methodologies and analytical frameworks.
• Mentor junior analysts and support the continued development of the broader analytical team.
• Produce rating reports, press releases, and research that provide insight into developments across sports finance, project finance, and related infrastructure sectors.
• Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

What we're looking for

• At least eight years of experience in project finance, infrastructure finance, corporate credit analysis, banking, consulting, or a related field.
• Experience evaluating project-financed transactions, infrastructure assets, structured financings, or comparable credit exposures.
• Strong financial statement analysis, forecasting, and corporate credit assessment skills.
• Knowledge of sports finance and the business and financing dynamics of professional sports leagues, franchises, stadiums, and related media assets, including the NFL, NBA, MLB, NHL, MLS, and European football.
• Experience reviewing legal documentation, financing agreements, and transaction structures.
• Strong written and verbal communication skills, with the ability to explain complex credit considerations to a range of audiences.
• Ability to form independent analytical views, exercise sound judgment, and defend credit recommendations.
• Knowledge of IFRS and U.S. GAAP accounting standards.
• Previous rating agency experience is an asset.
• Experience in public-private partnerships (PPP), infrastructure finance, or energy and infrastructure-related sectors is an asset.

Morningstar US

Morningstar US is an employer hiring in India (sector: BFSI / Investments / Insurance).

Its finance, accounts, audit and tax openings in India are mostly in Chicago and New York.

• Industry: BFSI / Investments / Insurance