Morningstar

Structured Finance Cash Flow Analytics, Senior Analyst - New York

Morningstar$90K — $112K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Bachelor's degree in Finance, Engineering, Mathematics, or related field.
  • 2-3 years in Structured Finance with cash flow modeling experience.
  • Self-starter and team player for a fast-paced environment.
  • Strong quantitative and analytical abilities with attention to detail.
  • Excellent communication skills; both written and verbal.
  • Master's degree in a related field is a plus.
  • Completion of CFA Level 1 is favorable.
  • Familiarity with fixed income analytical software like Intex is beneficial.
  • Advanced Excel/VBA skills are a plus.
  • Knowledge of Python is an additional asset.

Responsibilities

  • Develop and maintain cash flow models using Intex Dealmaker, Python, and proprietary platforms.
  • Analyze transaction legal documents for cash flow modeling.
  • Evaluate the credit profiles of securities through rigorous analysis.
  • Communicate findings to senior staff and Ratings Analysts, participating in rating committees.
  • Lead the cash flow analysis for various securitizations.

Benefits

  • 100% 401k match up to 6% of salary.
  • Comprehensive health benefits including HSA contributions.
  • Trust-Based Time Off and 6-week Paid Sabbatical.
  • Paid Family Caregiving Leave and generous Parental Leave.
  • Leadership Coaching & Formal Mentorship opportunities.
  • Annual Flex Stipend for personal education and well-being expenses.
  • Tuition Reimbursement program available.
  • Charitable Matching Gifts and Paid volunteering days.
  • Hybrid work environment fostering collaboration.
Full Job Description
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. The team provides transaction-level cash flow support to the US ABS, US RMBS, US CMBS, US SC, European RMBS, European ABS and European NPL teams. Cash Flow Analytics sits within the Structured Finance Analytics team and directly supports ratings activity. This role will have a US focus, primarily covering Asset-Backed Securities (ABS). The candidate will work closely with the ratings teams to create, run, and analyze cash flows for a variety of securitizations. The candidate will be expected to become an expert on securitization structures, legal document review, and be able to present findings to senior staff.

Job Responsibilities:

  • Develop and maintain cash flow models in Intex Dealmaker, Python and other proprietary platforms.
  • Ability to interpret and analyze transaction legal documents, with a focus on waterfall and structural nuances necessary for building and running cash flows.
  • Assist with analysis to evaluate credit profile of securities.
  • Communicate analysis to senior staff and colleagues in Ratings Analyst teams, occasionally attending rating committees to present your findings.


Qualifications:

  • 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.
  • Completion of a Master's degree in Finance, Engineering, Mathematics, or a related field is a plus.
  • Completion of at least level 1 of the Chartered Financial Analyst (CFA) exam is a plus.
  • Familiarity in using fixed income analytical software such as Intex (Dealmaker, Calc, Wrapper) is a plus.
  • Knowledge of advanced Excel/VBA functionality is a plus.
  • Knowledge of Python is a plus.


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
    • 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 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 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


Base Salary Compensation Range

$90,000.00-$112,406.00
Incentive Target Percentage
15% Annual

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.

R06_DBRSInc DBRS, Inc. - US Legal Entity

About Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of December 31, 2020. The company has operations in 29 countries.
Learn more about Morningstar
Size
10,038 employees
Market Cap
$9 billion
Industry
Net Income
$223.6 million
Founded
1984
5 Year Trend
+16.3%
Revenue
$1.3 billion
NASDAQ

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