Analyst - Structured Finance

The Team: Morningstar DBRS' structured credit ratings and research subsidiary is a Nationally Recognized Statistical Ratings Organization (NRSRO) that has earned a reputation for innovation and excellence in the structured finance market. This group aims to increase market transparency and provides the highest quality ratings through securities research, monitoring services, data, and technology solutions.

The Role: As a Commercial Mortgage Backed Securities (CMBS) Analyst, you will conduct thorough quantitative and qualitative analysis on the underlying loans and properties that collateralize Commercial Mortgage Backed Securities transactions. In addition, you will assist other analysts with setting up Net Cash flow models; underwriting loans; assist with special projects/initiatives, as needed.

Responsibilities:

• Study the credit risk in Structured Finance securities by performing tasks that includes reviewing deal documents, investigating periodic data and setting up net cashflow templates.
• Collect, organize and study data from internal and external sources for use in criteria development, ratings and research reports.
• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
• Take ownership of the tasks with focus on quality and accuracy of the deliverables
• Demonstrate strong learning curve and eagerness to move up the rating value chain

Requirements

• 1-3 years of experience in Structured Finance, experience at a rating agency is a plus.
• A bachelor’s degree required, Masters, CFA or FRM preferred.
• Expertise on Microsoft Excel, Visual Basic for Applications (VBA) and MSSQL.
• Excellent writing, communication and quantitative/analytical skills.
• Creative thinker who is adept at taking an analytical approach to problem solving.
• Experience with Intex, Trepp, REIS and CBRE is a plus.

Morningstar DBRS is an equal opportunity employer.

About Us

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.

Morningstar DBRS is the next generation of credit ratings.

If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). 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.

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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