Structured Finance Cash Flow Analytics, Senior Analyst – New York

Morningstar Credit Ratings, LLC; New York (NY); On-site; USD 90,000 - 112,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Health benefits

Tuition reimbursement

Paid volunteering days

Job summary

Morningstar DBRS is seeking a Senior Analyst for Structured Finance Cash Flow Analytics in New York, Stamford, or Chicago. You will develop cash flow models, review legal documents, and analyze securitizations, working with ratings teams to present findings.

You will be expected to become an expert on securitization structures, engage with senior staff, and contribute to complex credit analysis in a global team with a hybrid work environment.

Qualifications

• Bachelor’s degree in Finance, Engineering, Mathematics, or related field.
• 2–3 years in Structured Finance, preferably with cash flow modeling.
• Master’s degree is a plus; CFA level 1 is a plus.

Responsibilities

• Develop and maintain cash flow models in Intex Dealmaker, Python and other platforms.
• Interpret and analyze transaction legal documents focusing on waterfall/structure for cash flows.
• Assist with analysis to evaluate credit profile of securities; present findings to senior staff.

Skills

Python

Excel/VBA

Intex Dealmaker

Cash flow modeling

Analytical abilities

Communication skills

Education

Bachelor’s degree in Finance/Engineering/Math

Master’s degree is a plus

CFA level 1 is a plus

Tools

Intex (Dealmaker, Calc, Wrapper)

Job description

Structured Finance Cash Flow Analytics, Senior Analyst – New York Morningstar DBRS is seeking a highly motivated individual to join its Cash Flow Analytics group as a Senior Analyst in New York, Stamford, or Chicago. The Cash Flow Analytics team is a global team supporting Structured Finance. The team provides transaction-level cash flow support to the US ABS, US RMBS, US CMBS, US SC, European RMBS, European ABS and European NPL teams. Cash Flow Analytics sits within the Structured Finance Analytics team and directly supports ratings activity. This role will have a US focus, primarily covering Asset-Backed Securities (ABS). The candidate will work closely with the ratings teams to create, run, and analyze cash flows for a variety of securitizations. The candidate will be expected to become an expert on securitization structures, legal document review, and be able to present findings to senior staff.

Job Responsibilities

• Develop and maintain cash flow models in Intex Dealmaker, Python and other proprietary platforms.
• Ability to interpret and analyze transaction legal documents, with a focus on waterfall and structural nuances necessary for building and running cash flows.
• Assist with analysis to evaluate credit profile of securities.
• Communicate analysis to senior staff and colleagues in Ratings Analyst teams, occasionally attending rating committees to present your findings.

Qualifications

• Completion of a Bachelor’s degree in Finance, Engineering, Mathematics, or a related field.
• 2-3 years of experience working in Structured Finance, preferably with direct cash flow modeling experience.
• Self-starter and team player with demonstrated ability to work in a fast-paced environment.
• Strong quantitative and analytical abilities, with a high attention to detail.
• Excellent written/verbal communication and interpersonal skills.
• Completion of a Master’s degree in Finance, Engineering, Mathematics, or a related field is a plus.
• Completion of at least level 1 of the Chartered Financial Analyst (CFA) exam is a plus.
• Familiarity in using fixed income analytical software such as Intex (Dealmaker, Calc, Wrapper) is a plus.
• Knowledge of advanced Excel/VBA functionality is a plus.
• Knowledge of Python is a plus.

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.

Compensation and Benefits

• Financial Health
• 100% 401k match up to 6% of salary
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission
• Physical Health
• Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
• Additional medical Wellness Incentives - up to $300-$600 annual
• Company-provided long- and short-term disability insurance
• Emotional Health
• Trust-Based Time Off 6-week
• Paid Sabbatical Program
• 6-Week Paid Family Caregiving Leave
• Competitive 8-24 Week Paid Parental Leave
• Adoption Assistance
• Leadership Coaching & Formal Mentorship Opportunities
• Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
• Tuition Reimbursement
• Social Health
• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days 15+
• Employee Resource & Affinity Groups

Base Salary Compensation Range $90,000.00-$112,406.00 Incentive Target Percentage 15% Annual

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 together on a regular basis. In most of our locations, our hybrid work model is four days in-office 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 our global colleagues.

R06_DBRSInc DBRS, Inc. - US Legal Entity Morningstar is a global independent investment research and financial data company. Here, you'll help uncover what’s hidden, simplify what’s complex, and create insights that empower investor success. Company overview Morningstar Development Program Morningstar is strongly committed to creating and preserving equal opportunity for all employees and applicants. We make all employment decisions—including recruitment, hiring, compensation, training, promotion, transfer, discipline, termination, and other personnel matters—without regard to race, color, ancestry, religion, sex, national origin, age, disability, protected veteran status, marital status, sexual orientation, genetic information, citizenship, gender identity and expression, parental status, or other legally protected characteristics or conduct.