Senior CMBS Research Analyst – Hybrid Work

Prudential Financial, Inc; Newark (NJ); Hybrid; USD 145,000 - 155,000; Full time

Job summary

Prudential Financial, Inc. is seeking a CMBS-focused investment professional within PGIM Credit to analyze CMBS and digital infrastructure investments, monitor positions, and support investment decisions.

You will collaborate with portfolio management, research teams, and market participants to assess collateral, underwriting, and risk, while contributing to CMBS strategy and client materials.

Qualifications

• Bachelor's degree required.
• 4-7 years of relevant experience in fixed income, securitized products, commercial real estate finance, digital infrastructure, or securitized products research, with CMBS exposure.
• Strong analytical and quantitative skills in fixed income mathematics, credit analysis, cash flow analysis, and scenario modeling.
• Programming and data visualization experience with Python, Power BI, Tableau, or similar tools.
• Proficiency in Excel and experience working with large datasets.
• Excellent communication and presentation skills, with ability to articulate investment views to stakeholders.
• Interest in capital markets, commercial real estate, and CMBS performance drivers.

Responsibilities

• Analyze CMBS transactions across new issue and secondary markets, including collateral characteristics and loan structures.
• Develop and maintain internal credit views and relative value assessments for CMBS investments.
• Build and maintain models, scenario analyses, and visualization tools for bond performance under varying market conditions.
• Assign and monitor internal credit ratings and track risk factors like cash flow volatility and collateral performance.
• Review transaction documents, third‑party reports, and deal structures for due diligence.
• Monitor portfolio holdings and market developments affecting CRE fundamentals and regulatory changes.
• Collaborate with portfolio managers and traders to formulate investment recommendations and CMBS strategy.
• Engage with issuers, dealers, and other market participants to deepen market insight and sourcing opportunities.
• Contribute to internal presentations and client-facing materials on CMBS market themes.

Skills

CMBS knowledge

Credit analysis

Cash flow modeling

Python

Power BI

Tableau

Excel

Communication skills

Team collaboration

Education

Bachelor's degree

Tools

Intex

Trepp

Bloomberg

Real Capital Analytics

Job description

Prudential Financial, Inc. is seeking a CMBS-focused investment professional within PGIM Credit to analyze CMBS and digital infrastructure investments, monitor positions, and support investment decisions.

You will collaborate with portfolio management, research teams, and market participants to assess collateral, underwriting, and risk, while contributing to CMBS strategy and client materials.