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CMBS Loan Analyst

The Group: Morningstar’s Research group provides independent analysis on individual securities, funds, markets, and portfolios. The Research group also provides data on hundreds of thousands of investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on millions of equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar is one of the largest independent sources of fund, equity, and credit data and research in the world, and our advocacy for investors’ interests is the foundation of our company.

The Role: Morningstar’s structured credit research and ratings subsidiary seeks an experienced commercial mortgage-backed security (CMBS) Loan Analyst. As a Loan Analyst, you will critically analyze the credit risk in commercial real estate loans by performing fundamental line item re-underwriting to derive sustainable cash flow and valuations on a broad range of properties. This position requires 10 to 20 percent travel and is based in our New York City office or Horsham, Pennsylvania office.

+ Re-underwrite commercial real estate loans.
+ Write detailed Asset Summary Reports.
+ Perform property site visits in support of loan analysis.
+ Assist with ongoing refinement of loan analysis criteria and model templates.
+ Assist CMBS Surveillance team with cash flow and valuation estimations on specially-serviced and internally identified high-risk loans.
+ Lead/assist with research projects in support of CMBS ratings efforts and commercial real estate new product development projects.
+ Lead/assist with commercial real estate new product development projects as needed.

+ At least four years of direct experience in commercial real estate underwriting across a broad range of property types.
+ Advanced proficiency in Microsoft Excel.
+ Excellent communication, writing, and presentation skills.
+ Working experience with property appraisals, asset management and/or loan workouts is preferred.
+ Working knowledge of structural and legal elements of CRE loans is preferred.
+ Bachelor’s degree is required.
+ Possess and maintain a valid driver’s license.

If you’re interested in the position, please apply here. If someone you know is interested, please ask the candidate to apply via our corporate site and reference your name in the referral section.

Morningstar is an equal opportunity employer.


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