Associate Credit Analyst
The Morningstar Credit Risk Services team is seeking a Junior Analyst to support the team in the credit risk assessment of commercial real estate loans and securitized products. In this position, the successful applicant will conduct thorough quantitative and qualitative analysis on the underlying loans and properties that collateralize CMBS transactions, as well as assist other Analysts and the group head with special projects and initiatives, as needed.
The team: The Credit Risk Services team is a part of Morningstar Credit Ratings, LLC, which is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). MCR is a Morningstar, Inc. subsidiary and has earned a reputation for innovation and excellence in the structured finance market. It aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions. The Credit Risk Services team furthers this reputation by providing services designed for portfolio managers, analysts, and traders in the CMBS market. The Morningstar CMBS Workstation is a web-based CMBS Monitoring tool that provides access to Morningstar’s proprietary credit analysis and ratings information on thousands of CMBS securities, along with state-of-the-art features for tracking portfolio, bond, and collateral level performance.
The role:
• Accurate and timely retrieval, analysis, and reporting of CMBS pool and property level performance.
• Research, analyze, and report on CMBS transactions, including an investigation of potential default or loss scenarios for underlying real estate loan collateral. Such analyses are prepared monthly and are published via our DealView Reports on the MCR subscription or public website
• Identify transaction risk factors, including seasoning trends since origination, geographic and property type exposure, and overall pool performance.
• Research and respond to client inquiries, providing information on major credits or portfolio concentrations, and evaluating such detail relative to bond class holdings to ascertain strengths and/or weaknesses of a position.
• Assist other team members and managerial leaders with special projects, as needed.Requirements:
• A bachelor’s degree is required, a major in finance or related field is preferred.
• Advanced proficiency in Microsoft Excel.
• Excellent communication, writing, and presentation skills.
• Detail-oriented self-starter with strong organization and time management skills.
• Genuine interest in commercial real estate and structured finance.
• Eagerness to learn and take on increasing responsibilities.
Location:
The position can be based in our Chicago, New York, or Horsham, Pennsylvania office.
Morningstar is an equal opportunity employer.