Senior CMBS Research Analyst

pru; Newark (NJ); On-site; USD 90,000 - 130,000; Full time

Job summary

PGIM Credit seeks an experienced CMBS research professional to analyze commercial mortgage-backed securities and related CRE investments. You will work closely with portfolio management to assess collateral, structure, and credit risk, and to contribute to investment decision-making.

The role emphasizes quantitative modeling, data-driven insights, and market surveillance across new issue and secondary markets in a fast-paced environment.

Qualifications

• Bachelors degree required with a focus in finance, economics, mathematics, or a related field.
• 4–7 years of relevant experience in fixed income, securitized products, CMBS, or related research.
• Strong analytical, quantitative, and modeling capabilities and attention to detail.

Responsibilities

• Analyze CMBS transactions across new issue and secondary markets, including collateral characteristics, property-level underwriting, loan structure, sponsor strength, credit enhancement, cash flow stability.
• Develop and maintain internal credit views and relative value assessments for CMBS investments including conduit, SASB, CRE CLO, data center, and agency CMBS.
• Build models and scenario analyses to assess bond performance under various CRE, rate, prepayment, extension, default and recovery assumptions.
• Review transaction documents, offering materials, third-party reports, and legal structures.
• Collaborate with portfolio managers, traders, and other research teams to formulate investment recommendations.

Skills

Analytical skills

Quantitative analysis

Python programming

Power BI

Tableau

Excel

Data visualization

Communication skills

Education

Bachelor's degree

Tools

Power BI

Tableau

Excel

Job description

PGIM Credit seeks an experienced CMBS research professional to analyze commercial mortgage-backed securities and related CRE investments. You will work closely with portfolio management to assess collateral, structure, and credit risk, and to contribute to investment decision-making.

The role emphasizes quantitative modeling, data-driven insights, and market surveillance across new issue and secondary markets in a fast-paced environment.