Senior Financial Analyst CMBS Credit Ratings
Senior Financial Analyst CMBS Credit Ratings
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Job Description
Senior Financial Analyst CMBS Credit Ratings
About Morningstar: Morningstar is a leading global provider of independent investment insights serving both individual and institutional investors across public and private markets. Our offerings include a wide range of data research and investment management services with $300 billion in assets under management. Operating in 32 countries Morningstar supports financial advisors asset managers retirement plan providers and more with comprehensive investment solutions.
The Role: This role sits within our Morningstar DBRS Europe organization. looking a Senior Financial Analyst level to be based in London. In this role you will be involved in rating new (and monitoring the rating of existing) European CMBS transactions rated by Morningstar DBRS.
You may occasionally be involved in the rating process of other European structured finance asset classes. In addition you will assist in the update of the European CMBS rating methodology as well as be involved in market research projects.
What Youll Do
- Provide support in the CMBS rating process for European transactions; predominantly in underwriting commercial real estate loans in accordance with Morningstar DBRSs European CMBS rating methodology;
- Provide credit analysis and use quantitative tools to assess the credit worthiness of singleloan and multiloan European CMBS;
- Determine and monitor Morningstar DBRS net cash flow assumption for all major property types (office retail logistics multifamily hotel data center) and a variety of loan sizes (EUR10 million to >EUR500 million) based on property performance market dynamics and loan structure;
- Accompany senior analysts and ultimately represent Morningstar DBRS at site inspections of all major property types throughout Europe;
- Help produce detailed committee memos as well as assist drafting published presale and rating reports distributed to investors containing the culmination of research and analysis;
- Present loan level analysis transaction structural summaries and quantitative results to credit committee;
- Conduct market research and financial analysis for senior analysts rating committees research investor meetings and conferences;
- Assist senior members of the team to develop reports for investors and for presentations to be delivered at conferences;
- Respond to client and colleague inquiries regarding methodologies analysis and research.
Who You Are
- Basic understanding of European CMBS transactions;
- Demonstrated analytical abilities with a high attention to detail and producing high quality work;
- Curiosity to develop new applications and to perform complex analyses and ability to learn new analytical approaches proactively
- A financial education such as relevant Degree Master CFA or accounting designation (enrolment or completion) and experience in securitisation are considered definite assets
- Previous workexperience in the financial services industry (especially in the commercial real estate sector) is a plus
- Knowledge of analytical programming languages (VBA Python etc. and/or knowledge of another European language (Spanish French Dutch German etc. is a plus
- This position requires occasional European travel
Ready to Shape the Future At Morningstar every hire we make strengthens our mission to empower investor success. Apply now and help shape the future of investing with us.
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 4000 issuers and 60000 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 muchneeded 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 techforward 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.
Morningstars hybrid work environment gives you the opportunity to work remotely and collaborate inperson each week. While some positions are available as fully remote weve found that were at our best when were purposely together on a regular basis typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are youll have tools and resources to engage meaningfully with your global colleagues.
R07DBRSRtgsLtdUK DBRS Ratings Limited UK Legal EntityRequired Experience:
Senior IC
Employment Type
Full-Time
