Senior Analyst or Associate Director - EMEA Utilities and Project Finance Ratings

About The Role

Grade Level (for internal use):

12

The Team

We are looking for a highly skilled and motivated individual to join our EMEA Utilities Ratings group at the Senior Analyst or Associate Director level. The team's focus is on fundamental credit analysis of both regulated and unregulated Utilities businesses in EMEA across the gas, electricity, waste, and water sectors. The Team also covers project finance ratings related to power and utilities sectors.

The Impact

The successful candidate will assume direct analytical responsibility for a portfolio of credits in the region, conducting meetings with management, preparing the analysis, and presenting a rating recommendation to the committee. They will also be expected to contribute to the group's research and other publishing efforts, including cooperation with other groups within S&P Global Ratings.

What's In It For You.

• A diverse mix of analytical challenges
• Take the lead on sectorial or regional publications
• Cooperation with analysts globally
• Interact with large utilities' top management teams
• Interact with financial intermediaries such as bankers, arrangers and advisors.
• Work on exciting projects related to criteria development
  
  

Responsibilities And Impact

• Manage analytical processes for a rating portfolio of credits and support the team in its day-to-day activities, notably data gathering activities.
• Perform comprehensive credit analysis utilizing critical thinking skills and deep understanding of financial statements and accounting principles to identify key factors that affect issue and issuer credit ratings, through the application of the relevant S&P Global Ratings criteria.
• Lead new transaction and issuer ratings analysis and deliver outcomes in a timely, orderly, and insightful manner.

Develop and maintain an understanding of industry trends and issues, staying connected to external market trends and applying this knowledge to enhance operational success.

Take responsibility for ratings as a primary analyst. Take the lead on meetings and interact with senior management of issuers to obtain information upon which to base credit rating decisions while building relationships with colleagues outside of your immediate team and function.

Prepare rating committee documentation with solid financial analysis and attention to detail, present findings and opinions to a credit rating committee.

Prepare a variety of material suitable for publication on S&P Global Ratings credit portal and other media (such as rating trends reports, press releases, webinars and detailed commentaries).

Support the team in its day to day activities, notably data gathering activities while operating with autonomy and requiring limited direction.

Maintain integrity of analytical or compliance related databases as appropriate.

All employees are required to work from the office a minimum of 2 days per week.

What We're Looking For

Basic Required Qualifications:

• An S&P Global employee at Senior Analyst level would typically have 3-5 years of experience and at Associate Director level 5+ years of experience in financial analysis, demonstrating strong analytical skills with a deep understanding of financial statements and accounting concepts.
• Demonstrate numerical proficiency and accuracy with figures, maintaining detail-oriented precision while effectively managing multiple key projects, conflicting priorities and unexpected changes.
• Exhibit advanced proficiency in developing, interpreting, and working with complex financial and cashflow models while applying data-driven thinking to create innovative solutions.
• Be educated to degree level in a relevant business-related field.

Fluency in English (written and verbal) with the ability to communicate effectively, expressing thoughts and ideas clearly and persuasively across different functions and levels.

The capability to navigate and engage in challenging conversations with clarity and empathy, actively listening to others to understand their perspectives and responding appropriately.

The ability to work collaboratively with others to build trust and foster a shared purpose, while demonstrating judgment in how you define and structure work for yourself and your team

Be willing to travel, sometimes at short notice while adapting effectively to different work styles and personalities.

We require all candidates who reach the final stage of our interview process to attend at least one in-person interview, which is ordinarily at your nearest S&P Global Ratings office. This must be completed before we can proceed to an offer.

Additional Preferred Qualifications

• Knowledge of the Utilities or Infrastructure sector would be desirable.
• Prior experience of credit analysis related to project finance transactions would be desirable.
• A relevant Master's degree, CFA, or financial qualification would be desirable.
• Ability to speak another European language, for example, French, Spanish, German, would be desirable.
  
  

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About S&P Global Ratings

At S&P Global Ratings, our analyst-driven credit ratings, research, and sustainable finance opinions provide critical insights that are essential to translating complexity into clarity so market participants can uncover opportunities and make decisions with conviction. By bringing transparency to the market through high-quality independent opinions on creditworthiness, we enable growth across a wide variety of organizations, including businesses, governments, and institutions.

S&P Global Ratings is a division of S&P Global (NYSE: SPGI). S&P Global is the world’s foremost provider of credit ratings, benchmarks, analytics and workflow solutions in the global capital, commodity and automotive markets. With every one of our offerings, we help many of the world’s leading organizations navigate the economic landscape so they can plan for tomorrow, today.

For more information, visit www.spglobal.com/ratings

What’s In It For

You?

Our Mission

Advancing Essential Intelligence.

Our People

We're more than 35,000 strong worldwide—so we're able to understand nuances while having a broad perspective. Our team is driven by curiosity and a shared belief that Essential Intelligence can help build a more prosperous future for us all.From finding new ways to measure sustainability to analyzing energy transition across the supply chain to building workflow solutions that make it easy to tap into insight and apply it. We are changing the way people see things and empowering them to make an impact on the world we live in. We’re committed to a more equitable future and to helping our customers find new, sustainable ways of doing business. Join us and help create the critical insights that truly make a difference.

Our Values

Integrity, Discovery, Partnership

Throughout our history, the world's leading organizations have relied on us for the Essential Intelligence they need to make confident decisions about the road ahead. We start with a foundation of integrity in all we do, bring a spirit of discovery to our work, and collaborate in close partnership with each other and our customers to achieve shared goals.

Benefits

We take care of you, so you can take care of business. We care about our people. That’s why we provide everything you—and your career—need to thrive at S&P Global.

Our Benefits Include

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs.

Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families.

Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference.

For more information on benefits by country visit: https://spgbenefits.com/benefit-summaries

Global Hiring And Opportunity At S&P Global

At S&P Global, we are committed to fostering a connected and engaged workplace where all individuals have access to opportunities based on their skills, experience, and contributions. Our hiring practices emphasize fairness, transparency, and merit, ensuring that we attract and retain top talent. By valuing different perspectives and promoting a culture of respect and collaboration, we drive innovation and power global markets.

S&P Global has a Securities Disclosure and Trading Policy (“the Policy”) that seeks to mitigate conflicts of interest by monitoring and placing restrictions on personal securities holding and trading. The Policy is designed to promote compliance with global regulations. In some Divisions, pursuant to the Policy’s requirements, candidates at S&P Global may be asked to disclose securities holdings. Some roles may include a trading prohibition and remediation of positions when there is an effective or potential conflict of interest. Employment at S&P Global is contingent upon compliance with the Policy.

Recruitment Fraud Alert

If you receive an email from a spglobalind.com domain or any other regionally based domains, it is a scam and should be reported to reportfraud@spglobal.com. S&P Global never requires any candidate to pay money for job applications, interviews, offer letters, “pre-employment training” or for equipment/delivery of equipment. Stay informed and protect yourself from recruitment fraud by reviewing our guidelines, fraudulent domains, and how to report suspicious activity here.

Equal Opportunity Employer

S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.

If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person. 

US Candidates Only: Know Your Rights: Workplace discrimination is illegal

202 - Middle Professional (EEO Job Group) (inactive), 20 - Professional (EEO-2 Job Categories-United States of America), RATNGS202.2 - Middle Professional Tier II (EEO Job Group)

Job ID: 328089

Posted On: 2026-05-05

Location: London, United Kingdom