Analyst / Senior Analyst – US Structured Credit Funds (New Issue)
Morningstar DBRS is seeking an Analyst or Senior Analyst to support the Funds new issue credit ratings team, which is part of the U.S. Structured Credit team. The role involves assisting in assigning new credit ratings, managing the new issue ratings process, and collaborating with the ratings team to produce necessary documentation and analysis.
Responsibilities
- Assist analysts assigning new credit ratings on various fund financing transactions, including but not limited to, feeder fund debt, main fund secured facilities and unsecured debt, subscription loan facilities, and collateralized fund obligations
- Assist with transaction analytics including portfolio and data analysis using Morningstar DBRS developed predictive models and analytical tools and applying credit rating methodologies
- Support in managing the new issue ratings process and administration, while adhering to the relevant rating methodology, compliance, regulatory and company policies and procedures
- Collaborate with the ratings team in producing committee materials and memos, presenting to a credit ratings committee, and authoring pre‐sale and new issue credit rating reports, among other relevant disclosures
- Assist in monitoring transaction performance and market developments, including changes in fund strategy, investor base, and macroeconomics conditions relevant to structured credit
- Collect, organize, and analyze fund financial statements, investor reports, and portfolio data to support initial rating and ongoing surveillance
- Assist in reviewing and analyzing fund documentation, including credit agreements, limited partnership agreements (LPA’s), and other related legal documents
- Maintain internal databases and ensure timely updates for related transaction records
- Participate in onsite manager due diligence meetings and calls with market participants and issuers
- Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration, and research
- Assist in research and financial analysis for senior analysts, rating committees, research, investor meetings, and conferences
Skills
- Undergraduate degree in finance, accounting, business, economics, or related discipline is required
- No previous related experience is required
- Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity encouraged
- Advanced knowledge and practical skills in using Microsoft Excel, Word, PowerPoint and Outlook
- Excellent written and oral communication skills
- Demonstrate analytical abilities, with a high attention to detail and producing high quality work
- Willingness and ability to learn new analytical approaches proactively
- Willingness and ability to think creatively
- Ability to work in a fast-paced environment with multiple deadlines
- Self-starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency
- Must be team player with strong interpersonal skills
- Curiosity to develop new applications and to perform complex analyses
- Financial industry and/or structured finance experience
- Rating agency experience
- Knowledge of analytical programming languages (Python, etc.) is a plus
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
Company Overview
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