Morningstar India | Analyst, CMBS Ratings - India

Responsibilities

• As a member of the CMBS team, you will conduct thorough quantitative and qualitative research on the underlying loans and properties that collateralize Commercial Mortgage Backed Securities transactions.
• In addition, you will assist the onshore team with setting up Net Cash flow models; assist with special projects/initiatives, as needed.
• If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately.
• 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.
• Analyze the credit risk in SF securities by performing tasks that includes reviewing deal documents, analyzing periodic data and setting up net cashflow templates.
• Ensure compliance with regulatory and company policies and procedures.
• Collect, organize and analyze data from internal and external sources for use in criteria development, ratings and research reports.
• Identifying and analyzing risky assets based upon qualitative and quantitative factors o Identifying macro and micro risk factors, including market, property type, tenant, and borrower, to determine and measure exposure within the CMBS pools and loan portfolios.
• Monitoring, analysis, and executive summary reporting on CMBS transactions, including an investigation of potential default or loss scenarios for underlying real estate loan collateral.
• Compile and prepare periodic portfolio reports for use by senior staff and identify material changes for research causes.
• Maintain regular and open communication with the operations team and technology team about assigned tasks, priorities and ensure applications under development meet the defined requirements and pass the user acceptance testing prior to its release.
• Take ownership of the tasks with focus on quality and accuracy of the deliverables
• Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.

Requirements

• 3 to 5 years of experience in a credit research domain, with knowledge of CMBS, experience at a rating agency is a plus.
• Fluent in English, with good verbal and written communication skills.
• Strong attention to detail and accuracy.
• Ability to manage multiple tasks at the same time and deliver results in a timely manner.
• Good inter-personal skills and ability to participate/ contribute as a team player.
• Experience with Intex, REIS and CBRE is a plus.

Morningstar

Morningstar, Inc. is a leading provider of independent investment research and data, headquartered in Chicago and operating through subsidiaries in more than 30 countries with over 40 offices worldwide. It serves individual investors, financial advisers and wealth managers, asset managers, retirement plan providers and institutional investors with data, analytics and research (Morningstar Direct, Morningstar Investor, PitchBook for private markets, Sustainalytics for ESG research), credit ratings through Morningstar DBRS, Morningstar Indexes, and investment management and retirement services.

Morningstar India Private Limited, based in Vashi, Navi Mumbai, is a major data, research, technology and operations centre for the group — Morningstar counts India as one of its four regions alongside the Americas, EMEA and Asia-Pacific — and has been certified as a Great Place to Work for ten consecutive years. Its Mumbai teams work in managed-investment and equity data, equity and manager research, index management and operations, credit and ESG research, product development, client service and corporate finance — work that suits CA, CFA, MBA (Finance), M.Com and B.Com profiles as well as quantitative and research specialists.

• Industry: Financial services — independent investment research, data, indexes and credit ratings
• Headquarters: Chicago, Illinois, USA
• In India: Morningstar India Private Limited, Vashi, Navi Mumbai (Vishwaroop IT Park) and Mumbai (Platinum Park)