Senior AVP, Fund Finance Ratings Surveillance

Morningstar; New York (NY); Hybrid; USD 98,000 - 138,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Company provided life insurance - 1x?

Job summary

Morningstar DBRS is seeking an Assistant Vice President to join the Funds Finance credit ratings team within U.S. Structured Credit, focusing on surveillance of existing ratings.

The credit analyst will support the growing portfolio of investment fund debt ratings as a lead analyst. A successful candidate will have relevant fund finance and/or rating agency experience, strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented

Qualifications

• Undergraduate degree in finance, accounting, business, economics or a related discipline required.
• 5–7 years of relevant experience, which may include: credit ratings experience covering funds, BDCs, CLOs or related asset classes; investment banking or legal experience focused on funds or fund finance; credit risk management experience covering credit funds or other private credit strategies; or other relevant experience as a market participant within fund finance, private credit or structured credit.
• Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity.
• Proficiency in Microsoft Office, including advanced Excel skills such as building complex formulas or models, pivot tables and charts.

Responsibilities

• Lead analyst responsible for monitoring transaction performance and surveilling existing credit ratings, including feeder fund debt, secured facilities, unsecured debt, subscription loan facilities, and collateralized fund obligations.
• Prepare and present detailed discussion and committee materials to credit ratings committees.
• Conduct portfolio analysis using Morningstar DBRS developed predictive models and credit rating methodologies.
• Draft credit rating letters, press releases, and other relevant disclosures.
• Participate in onsite manager due diligence meetings and calls with market participants and issuers.
• Assess legal, regulatory, counterparty and other risks related to Funds and US SC credit ratings.
• Train and mentor junior analysts.
• Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration and research.
• Adhere to compliance, regulatory and company policies and procedures.

Skills

Advanced Excel

Financial analysis

Credit research

Communication skills

Team collaboration

Education

Undergraduate degree

Tools

VBA

Python

Job description

Morningstar DBRS is seeking an Assistant Vice President to join the Funds Finance credit ratings team within U.S. Structured Credit, focusing on surveillance of existing ratings.

The credit analyst will support the growing portfolio of investment fund debt ratings as a lead analyst. A successful candidate will have relevant fund finance and/or rating agency experience, strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented