Analyst, Morningstar Credit Analytics - CMBS

Morningstar Credit empowers credit market decision makers with tools and information. We are seeking an analyst to join our high-performing team which writes periodic performance reports on commercial mortgage-backed securities (CMBS) transactions and their underlying loans and properties. This role is ideal for someone with strong analytical and writing skills who is comfortable working both independently and collaboratively. You’ll be joining a very experienced team, yet one that is very entrepreneurial, so the ability to take initiative and be inquisitive is a key to long-term success in the role.

Must Have

• Monitor performance of CMBS transactions through monthly monitoring of underlying collateral.
• Provide monthly qualitative and quantitative updates to investors through the Analytics platform.
• Derive values on a regular basis for all large loans, distressed assets and any properties showing a material change in credit metrics from original assumptions.
• Contribute to ongoing research efforts including daily news blasts and scheduled long-form pieces.
• Visit properties and convey on-the-ground observations to appropriate parties.
• Regularly speak with clients, potential clients and media.
• 0-2 years of work experience in commercial real estate or CMBS.
• Bachelor’s degree required, preferably in finance, accounting or real estate.
• Ability to work independently, but also collaborate across the team as necessary.
• Deep interest in commercial real estate.
• General intellectual curiosity.

Good to Have

• Experience with AI is a plus

Perks & Benefits

• 75% 401k match up to 7%
• Stock Ownership Potential
• Company provided life insurance - 1x salary + commission
• 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
• 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
• Charitable Matching Gifts program
• Dollars for Doers volunteer program
• Paid volunteering days
• 15+ Employee Resource & Affinity Groups

Morningstar Credit empowers credit market decision makers with tools and information that lead to faster, insightful, and more predictable outcomes. The solutions launched from Morningstar Credit will further Morningstar’s commitment to empower investor success by bringing transparency, responsiveness, and leading-edge technology to credit markets and all of structured finance.

We are seeking an analyst to join our high-performing team which writes periodic performance reports on commercial mortgage-backed securities (CMBS) transactions and their underlying loans and properties. This role is ideal for someone with strong analytical and writing skills who is comfortable working both independently and collaboratively. You’ll be joining a very experienced team, yet one that is very entrepreneurial, so the ability to take initiative and be inquisitive is a key to long-term success in the role.

Job Responsibilities

• Monitor performance of CMBS transactions through monthly monitoring of underlying collateral.
• Provide monthly qualitative and quantitative updates to investors through the Analytics platform Qualitative updates include borrower research, tenant news, market color and reviewing servicer commentary. Quantitative updates include changes in cash flow and valuations
• Derive values on a regular basis for all large loans, distressed assets and any properties showing a material change in credit metrics from original assumptions
• Contribute to ongoing research efforts including daily news blasts and scheduled long-form pieces
• Visit properties and convey on-the-ground observations to appropriate parties
• Regularly speak with clients, potential clients and media

Key Job Requirements

• 0-2 years of work experience in commercial real estate or CMBS
• Bachelor’s degree required, preferably in finance, accounting or real estate
• Ability to work independently, but also collaborate across the team as necessary
• Deep interest in commercial real estate
• General intellectual curiosity
• Experience with AI is a plus

At this time, we’re not considering candidates who require sponsorship now or in the future.

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

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

Total Cash Compensation Range

$71,500.00 - 96,000.00 USD Annual

Inclusive of annual base salary and target incentive

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 your global colleagues.

030_MstarCredInfoAnalyticsLLC Morningstar Credit Information & Analytics LLC Legal Entity

How to Apply for a Job at Morningstar

Step 1

When you find a position you're interested in, click the 'Apply' button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please.

Step 2

You will receive an email notification to confirm that we've received your application.

Step 3

If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you're a good fit for Morningstar and we're a good fit for you, we'll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position.

Applicants With Disabilities Who Need Accommodation

Morningstar is committed to working with and providing reasonable accommodation to individuals with disabilities. If, because of a medical condition or disability, you need a reasonable accommodation for any part of the employment process, please call +1 312 384-3900 or email AskHR@morningstar.com and let us know the nature of your request and your contact information.

Please note:

• We only accept calls from applicants who need accommodation related to a disability. Please, no calls with unrelated questions or requests.
• Please be sure to include the title and location of the open position you’re interested in when you leave a message.

US Applicants: Morningstar is an E-Verify program participant.

Learn more:

• This Organization Participates in E-Verify (English)
• This Organization Participates in E-Verify (Spanish)
• Right to Work (English)
• Right to Work (Spanish)
• EEO is the Law
• Pay Transparency Notice

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.