Associate - Structured Finance Ratings - CMBS (North America)
S&P Global is seeking an experienced analyst to join its Structured Finance Ratings group as an Associate in the CMBS practice. The practice provides credit ratings on commercial mortgage-backed securities (CMBS) transactions that are backed by single or multiple commercial real estate loans.
The Associate will be an integral part of the analytical team, which is responsible for real estate collateral analysis, transaction document analysis, external thought leadership, and issuer and investor outreach in support of new issue ratings and surveillance of CMBS transactions. The Associate will conduct property-level and transaction-level analysis as it pertains to our published CMBS criteria, and act as a primary rating analyst leading transactions through the rating process. The Associate will also participate in credit rating committees and interact with bankers, issuers and investors on analytical matters.
The successful candidate will be a well-rounded individual who possesses strong analytical and communications skills, which are essential for engaging with market participants.
The Associate's core responsibilities will center on collateral and document analysis of CMBS transactions as follows:
Perform detailed commercial real estate valuation analysis on underlying CMBS collateral properties.
Conduct detailed reviews of legal and operating documents to ensure compliance with criteria and identify issues with the transaction structure. Provide comments to external parties.
Actively manage relationships with issuers, intermediaries and investors. Effectively communicate S&P's methodologies and procedures. Participate in client meetings.
Demonstrate strong knowledge of ratings criteria and property analysis.
Work on special projects as directed by the analytical team manager.
Graduate degree in a relevant discipline or CFA degree and 3-5 years of relevant work experience.
Strong proficiency with Excel, financial models and financial data.
Strong understanding of financial markets and their relationship to S&P Global products.
Excellent verbal and written communications skills are required.
Ability to analyze and solve non-routine problems in a timely and insightful manner.
Ability to multi-task and manage deadlines under time pressure.
Strong interpersonal skills and ability to work well in a collaborative team.
Diligent and intellectually curious self-starter with a strong work ethic and a drive to succeed.
Compensation/Benefits Information (US Applicants Only):
S&P Global states that the anticipated base salary range for this position is $67,600 to $190,100. Base salary ranges may vary by geographic location.
In addition to base compensation, this role is eligible for an annual incentive plan. This role is not eligible for additional compensation such as an annual incentive bonus or sales commission plan.
This role is limited to persons with indefinite right to work in the United States.
About Company Statement:
S&P Global Ratings
S&P Global Ratings is the world's leading provider of independent credit ratings. Our ratings are essential to driving growth, providing transparency and helping educate market participants so they can make decisions with confidence. We have more than 1 million credit ratings outstanding on government, corporate, financial sector and structured finance entities and securities. We offer an independent view of the market built on a unique combination of broad perspective and local insight. We provide our opinions and research about relative credit risk; market participants gain independent information to help support the growth of transparent, liquid debt markets worldwide.
S&P Global Ratings is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies and governments to make decisions with confidence. For more information, visit www.spglobal.com/ratings
Equal Opportunity Employer:
S&P Global is an equal opportunity employer and all qualified candidates will receive consideration for employment without regard to race/ethnicity, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, marital status, military veteran status, unemployment status, or any other status protected by law. Only electronic job submissions will be considered for employment.
If you need an accommodation during the application process due to a disability, please send an email to: EEO.Compliance@spglobal.com and your request will be forwarded to the appropriate person.