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Assistant Vice President, Financial Institutions

| Chicago

The Team:  Morningstar Credit Ratings, LLC is a subsidiary of Morningstar, Inc. and a Nationally Recognized Statistical Rating Organization with a reputation for high-quality, investor-focused analysis. We specialize in credit research and ratings, which investors use to help identify credit risk. Our services include new-issue ratings and analysis, operational risk assessments, surveillance services, data, and technology solutions.

The Role: The Assistant Vice President of Financial Institutions will assume coverage of existing portfolio names including exchanges, asset managers, and insurance companies. Additionally, the individual will help develop and launch a ratings agency methodology covering Non-Bank Financial Institutions. This will be followed by reviewing and analyzing new issue deals and establishing credit coverage on a portfolio of credits. The position is based in Chicago.

 

Responsibilities:

  • Work with MCR senior management to develop a credit rating methodology for the non-bank financial institutions sectors.
  • Analyze new deals within the non-bank financial institutions sector, build models, and write up credit committee memos while presenting credits to the credit committee.
  • Maintain ongoing surveillance of assigned credits including updated credit reports and financial models as necessary.
  • Interview company management teams to understand individual credit drivers.
  • Utilize and help train junior analysts in the analytical process.
  • Participate in meetings with bankers and investors to educate market participants on MCR’s rating methodology.
  • Produce thought leading research on the non-bank financial institutions space which highlight MCR’s expertise in the subject matter.
  • Contribute to the credit team in other ways including enhancing the research product and process, developing into a voting member of the credit committee, and assuming responsibility for special projects.

 

Requirements:

  • 3-5 years of experience performing credit analysis on non-bank financial institutions, preferably including insurance companies.
  • A bachelor’s degree is required, preferably with a focus on accounting or finance. MBA or CFA preferred.
  • Rating agency experience preferred but not required.
  • Strong accounting skills.
  • Superior written and verbal communication skills, including an ability to speak comfortably with company managers and institutional investors.
  • The ability to make timely decisions under tight deadlines, sometimes with incomplete information.
  • Strong excel modeling skills and familiarity with Bloomberg.

Please submit a resume and cover letter detailing your experience and interest in the position.

 

Morningstar is an equal opportunity employer. 

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Location

22 W. Washington , Chicago, IL 60602

What are Morningstar Perks + Benefits

Health Insurance & Wellness Benefits
Dental Benefits
Vision Benefits
Health Insurance Benefits
Retirement & Stock Options Benefits
401(K)
401(K) Matching
Company Equity
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Vacation & Time Off Benefits
Unlimited Vacation Policy
Generous PTO
Paid Volunteer Time
Sabbatical
Perks & Discounts
Casual Dress
Commuter Benefits
Happy Hours
Parking
Fitness Subsidies
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement

Additional Perks + Benefits

Compensation at Morningstar is more than a salary. It’s about making positive contributions to both life and work. We give our diverse workforce the choice and flexibility they need to maintain their health, retirement plans, time, and professional growth.

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