CMBS Analyst

4 weeks ago


mumbai, India Morningstar Full time

CMBS Analyst (Mumbai)

About Us: DBRS Morningstar is a global credit ratings business, currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.

DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes.

DBRS Morningstar rates more than 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar’s approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.

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About the Role : As a member of the Credit Risk Services (CRS) Analyst, you will conduct thorough quantitative and qualitative analysis on the underlying loans and properties that collateralize Commercial Mortgage Backed Securities transactions. In addition, you will assist other analysts with the creation of loan valuations and write-ups; assist with special projects/initiatives, as needed. Along with this the role will provide unique opportunities for learning key aspects of the credit ratings process including in-depth fundamental analysis of Real Estate borrowers. You will be responsible for providing data, research and financial modeling support utilized to produce credit reports. This position is based in our Navi Mumbai office.
 

Responsibilities:

Develop an understanding of and build proficiency in credit analysis Provide support to onshore analytical teams in monitoring news, announcements, or other material events impacting corporate credits Assist in extracting financial data, preparing financial models, but not limited to, updating financial information, reconciling data, maintain company and peer group historical financial results and credit metrics, etc. Maintain industry data through ongoing research/ review of company filings, presentations, and industry publications Reviewing and summarizing credit documents, legal documentation, etc. Assist the onshore analytical teams or senior analysts in preparing credit rating memos, rationales, etc. or parts thereof Accurate and timely assistance with the basic data and preliminary tasks to support the research and analysis of CMBS properties. Accurate and timely retrieval, analysis, research and reporting of CMBS pool level and property level performance, including:Identifying and analyzing risky assets based upon qualitative and quantitative factionsIdentifying macro and micro risk factors, including market, property type, tenant, and borrower, to determine and measure exposure within the CMBS pools and loan portfolios.Monitoring, analysis, and executive summary reporting on CMBS transactions, including an investigation of potential default or loss scenarios for underlying real estate loan collateral. 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. 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, capital markets, corporate credit analysis, and credit ratings experience preferred. 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. Good understanding of core finance and accounting concepts. Knowledge of U.S. GAAP and/ or IFRS accounting rules is strongly desired. 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.
 

Morningstar DBRS is an equal opportunity employer.

About Us

DBRS Morningstar is a global credit ratings business, currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.

DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes.

DBRS Morningstar rates more than 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar’s approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.


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.


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