VP/AVP, Structured Finance Cash Flow Analytics – NYC

Morningstar Credit Ratings, LLC; New York (NY); On-site; USD 103,000 - 161,000; Full time

Benefits offered by this job

401k match up to 6%

Health benefits (medical/dental/vision

Sabbatical program

Parental leave

Tuition reimbursement

Job summary

Morningstar DBRS is seeking a VP/AVP in New York (with options for Chicago or Stamford) to lead cash flow analytics for US ABS, RMBS, and CMBS. You will build end-to-end models, interpret legal documents, and defend cash flow analyses for rating committees, mentoring junior analysts along the way.

You will model complex deals using Intex Dealmaker and Python, collaborate with ratings teams, and ensure analyses align with Morningstar DBRS methodologies in a fast-paced environment.

Qualifications

• Bachelor’s degree in Finance, Engineering, Mathematics, or a related field.
• 4–10 years in Structured Finance with hands-on cash flow modeling.
• Ability to independently model bespoke and complex transactions under tight deadlines.
• Strong quantitative/analytical skills with high attention to detail.
• Master’s degree and CFA progress are a plus.

Responsibilities

• Develop, maintain, and run cash flow models in Intex Dealmaker, Python, and other platforms.
• Independently own bespoke and complex structures, including new asset classes and first-time issuers, where standardized approaches do not apply.
• Interpret and analyze transaction legal documents, with a focus on waterfall and structural nuances (excess spread, triggers, shortfalls, loss mechanics) necessary for building and running cash flows.
• Reverse-engineer and reconcile issuer-provided assumptions and cash flows to Morningstar DBRS methodology (cash flow tie-out).
• Perform AI-assisted numerical input validation, comparing the template against the CDI and results files as part of the standard pre-review workflow.
• Assist with analysis to evaluate the credit profile of securities and communicate results clearly to senior staff and Ratings Analyst teams, attending rating committees to present findings.
• Provide review, guidance, and informal training to junior analysts, helping raise consistency and throughput across the team.

Skills

Cash flow modelling

Intex Dealmaker

Python

Excel/VBA

AI tools

Communication

Mentoring

CFA progress

Team collaboration

Education

Bachelor's degree in Finance/Engineering/Mathematics

Master's degree in Finance/Engineering/Mathematics (plus)

Tools

Intex Dealmaker

Python

Job description

Morningstar DBRS is seeking a VP/AVP in New York (with options for Chicago or Stamford) to lead cash flow analytics for US ABS, RMBS, and CMBS. You will build end-to-end models, interpret legal documents, and defend cash flow analyses for rating committees, mentoring junior analysts along the way.

You will model complex deals using Intex Dealmaker and Python, collaborate with ratings teams, and ensure analyses align with Morningstar DBRS methodologies in a fast-paced environment.