Analyst, CMBS Ratings - India

Morningstar; Mumbai City; On-site; INR 1,200,000 - 2,200,000; Full time

Job summary

Morningstar DBRS in Navi Mumbai is seeking a credit research professional to perform thorough quantitative and qualitative analysis on CMBS loans and properties. You will assist in setting up net cash flow models and support the ratings value chain across multiple tasks.

The role requires 3–5 years in credit research, strong English communication, and the ability to deliver accurate reporting. Collaboration with onshore teams and adherence to regulatory standards are essential.

Qualifications

• 3–5 years of experience in a credit research domain; CMBS knowledge a plus.
• Bachelor’s degree in Accounting, Economics, Finance or Management Studies; CFA considered a plus.
• Fluent in English with strong verbal and written communication skills.
• Experience with data analysis and reporting in CMBS context.

Responsibilities

• Analyze credit risk in SF securities by reviewing deal documents and setting up net cashflow templates.
• Collect, organize and analyze data from internal/external sources for ratings and research reports.
• Prepare periodic portfolio reports and identify material changes for research causes.
• Maintain communication with operations and technology teams to ensure requirements are met and UAT is passed.
• Take ownership of tasks with focus on quality and accuracy; learn and move up the rating value chain.

Skills

Credit research

CMBS knowledge

English fluency

Education

Bachelor’s degree in Accounting, Economics, Finance or Management Studies

Masters, CFA or CFA program enrollment

Tools

Intex

REIS

CBRE

Job description

About Us

Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and structured finance instruments globally. 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. Morningstar DBRS is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. Morningstar DBRS is a market leader in Canada, the U.S. and Europe in multiple asset classes. Morningstar DBRS rates more than 4,000 issuers and 60,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. Morningstar DBRS approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources. Visit: https://dbrs.morningstar.com/ to learn more.

About the Role

As a member of the CMBS team, you will conduct thorough quantitative and qualitative research on the underlying loans and properties that collateralize Commercial Mortgage Backed Securities transactions. In addition, you will assist the onshore team with setting up Net Cash flow models; assist with special projects/initiatives, as needed. With some seasoning, you also will be expected to have thorough understanding underwriting and support on various other task across the ratings value chain. This position is based in our Navi Mumbai office.

Responsibilities

• Analyze the credit risk in SF securities by performing tasks that includes reviewing deal documents, analyzing periodic data and setting up net cashflow templates.
• Collect, organize and analyze data from internal and external sources for use in criteria development, ratings and research reports.
• 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 factors
  • Identifying 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.
• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
• 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.
• Take ownership of the tasks with focus on quality and accuracy of the deliverables
• 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, experience at a rating agency is a plus.
• 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
• 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
• Experience with Intex, REIS and CBRE is a plus

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 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.

Morningstar’s hybrid work environment gives you the opportunity to collaborate in-person each week as we’ve found that we’re at our best when we’re purposely…

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