Assistant Vice President, Credit Ratings, CMBS New Issue

The Morningstar Credit Ratings CMBS New Issue Ratings team is seeking a Loan and Transaction Analyst to critically analyze commercial real estate loans and securitized products and assist with providing credit ratings on CMBS transactions. In this position, the successful applicant will perform a fundamental analysis of loan underwriting to derive sustainable net cash flow and property valuations on a broad range of properties. The analyst will also write Asset Summary Reports and support various research projects.

The team: Morningstar Credit Ratings, LLC is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). This Morningstar, Inc. subsidiary has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.

The role:

• Re-underwrite cash flow and property valuations for commercial real estate loans backed by a variety of property types, including retail, office, multifamily, industrial, and lodging.
• Review third party reports including appraisals, property condition reports, environmental reports, seismic surveys, and other industry specialized reports.
• Present analysis in loan review meetings and write detailed Asset Summary Reports.
• Perform property site visits in support of loan analysis.
• Assist with ongoing refinement of loan analysis criteria, model templates, and new product development projects.
• Lead/assist with research projects in support of CMBS ratings and Thought Leadership initiatives.

Requirements:

• Three to five years of direct experience in commercial real estate underwriting or analysis.
• Working experience with property appraisals, asset management, and/or loan workouts is preferred.
• A bachelor's degree is required, a major in finance or related field is preferred.
• Advanced proficiency in Microsoft Excel.
• Ability to travel 10-20%.
• Excellent communication, writing, and presentation skills.
• Possess and maintain a valid driver's license.

Location:

The position is based in either our New York City office or in our Horsham, Pennsylvania office.

Morningstar is an equal opportunity employer.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health:
  • 75% 401k match up to 7%
  • 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 Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Education Stipend
  • 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: $85,000.00 - $138,000.00

Total Cash Compensation Range: $102,000.00 - $166,000.00 USD Annual

Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're purposely together on a regular basis, typically three days 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 your global colleagues.