15+ years in capital markets or credit analysis roles
Strong management and team leadership experience
Deep knowledge of project finance and energy sectors
Proficiency in project finance structures and risk allocation
Excellent communication skills, both written and verbal
Responsibilities
Lead and manage a team of 10 analysts
Guide credit leadership in the ratings process
Chair rating committee discussions and judgments
Oversee development of ratings and sector research
Represent Fitch in external stakeholder engagements
Foster a high-performing and collaborative team environment
Drive analytical excellence and operational efficiency
Benefits
Hybrid work model with 3 days in office
Continuous learning through dedicated trainings and mentorship
Retirement planning and tuition reimbursement
Comprehensive healthcare coverage
Family-friendly parental leave policies
Collaborative and inclusive workplace culture
Paid volunteer days and matched donation funding
Full Job Description
Fitch Ratings is currently seeking a Managing Director - Power and Energy, Infrastructure and Project Finance based out of our Chicago office.
Fitch's U.S. & Canada Corporates, Infrastructure and Project Finance (CIPF) Rating team is seeking a Managing Director to lead the Power and Energy Project Finance team in our Chicago office. The role will report to the Head of Utilities, Power and Energy teams within the CIPF group. This is a senior leadership role within Fitch Ratings responsible for leading analytical coverage, sector research and market engagement in a growing sector. The role entails managing a team of 10 analysts covering more than 75 public and private debt issuers.
The Ideal Candidate Will Have:
Extensive experience in project finance, infrastructure finance, credit analysis, or debt capital markets, with significant focus on power and energy assets;
Deep understanding of project finance structures, financing documentation, contractual arrangements, and risk allocation frameworks;
Strong knowledge of the power and energy sectors, including renewable and conventional power generation, electric and natural gas transmission and LNG assets;
Proven leadership experience managing teams and mentoring analysts;
Strong, well-established relationships across the power, energy, and infrastructure sectors, including issuers, sponsors, lenders, investors, advisors, and other capital markets participants.
How You'll Make an Impact:
Have direct managerial responsibility for a team of 10 analysts covering more than 75 public and private debt issuers;
Provide credit leadership in ratings process, ensuring consistent application of Fitch's criteria and methodologies;
Chair or lead rating committee discussions and provide senior judgment on rating recommendations and surveillance actions;
Oversee development of rating rationales, research publications, sector outlooks, and market commentary;
Contribute to criteria development and analytical consistency, and support strategic business initiatives within Fitch;
Represent Fitch externally in meetings with issuers, sponsors, banks, investors, advisors, and other market participants;
Lead, mentor, and develop analysts within the project finance team;
Foster a positive, collaborative and high-performing work environment and contribute to the overall ethos of the U.S. and Canada CIPF rating team in a manner that prioritizes and advances Fitch's strategic goals;
Champion analytical excellence and operational efficiency by adopting best practices and leveraging new technologies.
You May be a Good Fit if Have:
15+ years of relevant experience in a capital markets and/or credit analysis role;
Experience managing people and teams;
A healthy sense of intellectual curiosity and a life-long learning mindset;
Ability to shift fluidly between multiple projects as priorities change;
Excellent written and verbal communication skills;
Bachelor's degree required; CFA, MBA, or other advanced qualification preferred.
Why Choose Fitch:
Hybrid Work Environment: 3 days a week in office required
A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure that your time at Fitch will be a continuous learning opportunity
Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around the globe
Dedication to Giving Back: Paid volunteer days, matched funding for donations and ample opportunities to volunteer in your community
FOR NEW YORK AND CHICAGO ROLES ONLY: Expected base pay rates for the role will be between $270,000 and $310,000 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 Fitch's 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-JF1 #LI-Hybrid
About Fitch
Fitch Ratings Inc. is a credit rating agency and a subsidiary of Fitch Group, which is owned by Hearst Corporation. Fitch Ratings is headquartered in New York City and London. The company was founded by John Knowles Fitch on December 24, 1913 in New York City as the Fitch Publishing Company. It merged with London-based IBCA Limited in December 1997. In 2000 Fitch acquired both Chicago-based Duff & Phelps Credit Rating Co. (April) and Thomson BankWatch (December). Fitch Ratings is one of the three nationally recognized statistical rating organizations (NRSRO) designated by the U.S. Securities and Exchange Commission in 1975, together with Moody's and Standard & Poor's.