Analyst – CMBS Ratings
Morningstar
Analyst – CMBS Ratings
Morningstar
Independent investment research and data provider
About the Role:
As a member of the CMBS team, you will conduct thorough quantitative and qualitative research on the underlying loans and properties that collateralize Commercial Mortgage Backed Securities transactions. In addition, you will assist the onshore team with setting up Net Cash flow models; assist with special projects/initiatives, as needed. With some seasoning, you also will be expected to have thorough understanding underwriting and support on various other task across the ratings value chain. This position is based in our Navi Mumbai office.
Responsibilities:
• Analyze the credit risk in SF securities by performing tasks that includes reviewing deal documents, analyzing periodic data and setting up net cashflow templates.
• Collect, organize and analyze data from internal and external sources for use in criteria development, ratings and research reports.
• Accurate and timely retrieval, analysis, research and reporting of CMBS pool level and property level performance, including:
o Identifying and analyzing risky assets based upon qualitative and quantitative factors o Identifying macro and micro risk factors, including market, property type, tenant, and borrower, to determine and measure exposure within the CMBS pools and loan portfolios.
o Monitoring, analysis, and executive summary reporting on CMBS transactions, including an investigation of potential default or loss scenarios for underlying real estate loan collateral.
• 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
• Ensure compliance with regulatory and company policies and procedures.
Requirements:
• 3 to 5 years of experience in a credit research domain, with knowledge of CMBS, experience at a rating agency is a plus.
• Bachelor’s degree in Accounting, Economics, Finance or Management Studies • Masters, CFA or CFA program enrollment are a plus
• Fluent in English, with good verbal and written communication skills
• Strong attention to detail and accuracy
• Highly motivated, self-starter who is keen to learn, has a positive attitude and a strong work ethic
• Ability to manage multiple tasks at the same time and deliver results in a timely manner
• Good inter-personal skills and ability to participate/ contribute as a team player
• Experience with Intex, 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.
R11_DBRSRatingsGmbHIndia DBRS Ratings GmbH, Branch India Legal EntityIndependent investment research and data provider
Morningstar provides independent investment research and data to individual investors, financial advisors, and asset managers through subscription-based access. Its platforms—Morningstar Advisor Workstation, Office Cloud, and Morningstar Cloud—deliver organized analytics, research, and tools via cloud or desktop interfaces, with regular updates and services like managed portfolios and retirement management. The ESG offering, powered by Sustainalytics, combines broad data and ratings to support sustainable investing across its products. Its goal is to help users make informed investment decisions by offering reliable data and insights while expanding its subscription business and ESG capabilities.
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