The Group:
Morningstar Credit Ratings, LLC is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar Credit Ratings issues credit ratings on a variety of security types including corporate and financial institutions, commercial mortgage-backed securities, residential mortgage-backed securities, and asset-backed securities. Morningstar's credit analysis helps investors make better-informed investment decisions. Our analysis is based on a thorough understanding of critical risk factors which allows our analysts to develop clear and concise opinions that focus investors on the credit risks that truly matter.
The Role:
As a surveillance analyst, you will assist in all facets of the surveillance of letter ratings on CMBS issues, supporting senior staff in the United States. The analyst will provide research and modeling support primarily related to the re-underwriting of commercial real estate loans and the running of deal-level models. The position is based in our Mumbai office.
Key Responsibilities:
- Population of Underwriting Models: assist senior analysts in the re-underwriting of loans. Tasks include locating property financial statements and rent rolls, populating templates, researching data anomalies, and communicating with senior staff on open items or issues.
- Population of Ratings Models: prepare models for use by senior staff, identify necessary overrides, and research anomalies. Communicate with third-party providers to garner additional information on deals/loans prior to deals moving to committee.
- Periodic Portfolio Reviews: Compile and prepare periodic portfolio reports for use by senior staff. Identify material changes and research causes.
- Operational Support: complete administrative tasks as needed, including organization of outside requests, reviews of offering documents, review of third-party sites for loan and deal information, and an assortment of other tasks as they arise.
Requirements:
- Minimum of 2-4 years of related experience, particularly experience in commercial real estate financing, structured finance and/or credit ratings.
- A master`s degree required, CFA or FRM preferred.
- Fluent in English, with above average verbal and written proficiency.
- Strong Microsoft Excel skills.
- Ability to work independently and to take initiative on problem-solving.
- Excellent quantitative/qualitative analytical skills.
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 received 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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.
