Institute of Travel Management

Senior Analyst, European CMBS

Morningstar, Inc.
London, United Kingdom
21 days ago

Description

Job Description:

DBRS Morningstar European CMBS team is looking for an analyst at the Senior Financial Analyst level to be based in London. The successful candidate will be involved in rating new and in monitoring the rating of existing European CMBS transactions rated by DBRS Morningstar. Candidates should be willing to work in an environment with strong focus on team-work, have a strong worth ethic, an analytical mind set and attention to detail.

The successful candidate may occasionally be involved in the rating process of other European structured finance asset classes. In addition, he or she will assist in the update of the European CMBS rating methodology, as well as be involved in research projects.

Role & Responsibility:

• Provide support in the CMBS rating process for European transactions; predominantly in underwriting commercial real estate loans in accordance with DBRS Morningstar's European CMBS rating methodology;
• Provide credit analysis and use quantitative tools to assess the credit worthiness of single-loan and multi-loan European CMBS;
• Determine and monitor DBRS Morningstar net cash flow assumption for all major property types (office, retail, logistics, multifamily, hotel) and a variety of loan sizes (EUR10 million to >EUR500 million) based on property performance, market dynamics and loan structure;
• Accompany senior analysts and ultimately represent DBRS Morningstar at site inspections of all major property types throughout Europe;
• Help produce detailed committee memos as well as assist drafting published presale and rating reports distributed to investors containing the culmination of research and analysis;
• Present loan level analysis, transaction structural summaries and quantitative results to credit committee;
• Conduct market research and financial analysis for senior analysts, rating committees, research, investor meetings and conferences;
• Assist senior members of the team to develop reports for investors and for presentations to be delivered at conferences;
• Respond to client and colleague inquiries regarding methodologies, analysis and research.

Business Stakeholder Requirements:

• Completed a bachelor (or equivalent) degree in finance, real estate or a related area;
• A Master, CFA or accounting designation (enrollment or completion) and experience in securitisation are considered definite assets;
• Previous work-experience in the financial services industry (specially in the commercial real estate sector) is a plus;
• Basic understanding of European CMBS transactions;
• Proficiency in Microsoft Excel. Advanced knowledge and practical skills in using Word, PowerPoint and Outlook;
• Knowledge of analytical programming languages (VBA, Python, etc.) is a plus;
• Excellent written and oral English language skills;
• Knowledge of another European language/s is a plus;
• Demonstrated analytical abilities, with a high attention to detail and producing high quality work;
• Curiosity to develop new applications and to perform complex analyses, and ability to learn new analytical approaches proactively;
• Permission to live and work in the United Kingdom. This position requires occasional European travel;

About Us

DBRS Morningstar is a global credit ratings business, currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.

DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes.

DBRS Morningstar rates more than 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar's approach and size provide the agility to respond to customers' needs, while being large enough to provide the necessary expertise and resources.

Job Information

  • Job ID: 63128061
  • Location:
    London, United Kingdom
  • Position Title: Senior Analyst, European CMBS
  • Company Name For Job: Morningstar, Inc.
  • Job Function: Other
  • Job Type: Full-Time

Please refer to the company's website or job descriptions to learn more about them.

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