Structured Finance Cash Flow Analytics, Senior Analyst – New York
Morningstar DBRS is seeking a highly motivated individual to join its Cash Flow Analytics group as a Senior Analyst in New York, Stamford, or Chicago. The Cash Flow Analytics team is a global team supporting Structured Finance, providing transaction-level cash flow support to the US ABS, US RMBS, US CMBS, US SC, European RMBS, European ABS, and European NPL teams. This role will focus primarily on Asset-Backed Securities (ABS) and involves working closely with ratings teams to create, run, and analyze cash flows for various securitizations.
About the role
The Cash Flow Analytics team sits within the Structured Finance Analytics team and directly supports ratings activity. The candidate will be expected to become an expert on securitization structures, legal document review, and present findings to senior staff.
Responsibilities
- Develop and maintain cash flow models in Intex Dealmaker, Python, and other proprietary platforms.
- Interpret and analyze transaction legal documents, focusing on waterfall and structural nuances necessary for building and running cash flows.
- Assist with analysis to evaluate the credit profile of securities.
- Communicate analysis to senior staff and colleagues in Ratings Analyst teams, occasionally attending rating committees to present findings.
Requirements
- Completion of a Bachelor’s degree in Finance, Engineering, Mathematics, or a related field.
- 2-3 years of experience working in Structured Finance, preferably with direct cash flow modeling experience.
- Self-starter and team player with demonstrated ability to work in a fast-paced environment.
- Strong quantitative and analytical abilities, with a high attention to detail.
- Excellent written/verbal communication and interpersonal skills.
Qualifications (Preferred)
- Completion of a Master’s degree in Finance, Engineering, Mathematics, or a related field.
- Completion of at least level 1 of the Chartered Financial Analyst (CFA) exam.
- Familiarity with fixed income analytical software such as Intex (Dealmaker, Calc, Wrapper).
- Knowledge of advanced Excel/VBA functionality.
- Knowledge of Python.
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 transparency and diversity of opinion to the credit rating industry. Our approach and size allow us to respond to customers' needs in their local markets while providing the necessary expertise and resources.
Benefits
- Financial Health
- 100% 401k match up to 6% of salary.
- 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 annually.
- 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 Leave.
- Adoption Assistance.
- Leadership Coaching & Formal Mentorship Opportunities.
- Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses.
- Tuition Reimbursement.
- Social Health
- Charitable Matching Gifts program.
- Dollars for Doers volunteer program.
- Paid volunteering days.
- 15+ Employee Resource & Affinity Groups.
Pay
Base Salary Compensation Range: $90,000.00 - $112,406.00. Incentive Target Percentage: 15% Annual.
Schedule
Morningstar's hybrid work environment requires in-office collaboration four days each week. A range of other benefits are available to enhance flexibility as needs change.