Structured Finance Investment Analyst (RMBS & CMBS)
Core
Research, analysis, and ongoing surveillance of commercial and residential mortgage-backed securities (CMBS and RMBS) to formulate high-conviction investment recommendations.
Role type
Structured Finance Investment Analyst
Builds
Investment recommendations and cash flow models for open-end mutual funds and separately managed accounts
Domain
Structured Finance / Real Estate / Mortgage-Backed Securities
Required skills
Excel proficiency, Intex, Trepp, Bloomberg, cash flow modeling, underwriting collateral, interpreting legal and structural provisions, data integrity management
Preferred skills
Prior experience at a rating agency or buy-side investment firm, expertise in CMBS and/or RMBS, leveraging AI tools for productivity
Technologies
Intex, Trepp, Bloomberg
Responsibilities
Evaluate new issue transactions and surveil existing portfolio holdings across RMBS and CMBS; Formulate high conviction investment recommendations based on relative value; Review offering memoranda; Underwrite collateral including property-level cash flows, DSCR, LTV, and sponsor quality; Build and maintain cash flow models to assess structure and credit; Lead efforts to maintain data integrity within portfolio management and trading systems
Seniority
Individual Contributor