Securitized Credit Analyst – CMBS

Location
Baltimore, Maryland (US)
Salary
Commensurate with experience
Posted
Jun 04, 2019
Closes
Jul 04, 2019
Job Function
Credit Analysis
Industry Sector
Asset Management
Employment Type
Full Time
Education
Bachelors

PRIMARY PURPOSE OF THE POSITION

The position will be responsible for analyzing and developing credit opinions on securitized transactions, with a primary focus on CMBS. The position will require analysis of financial and property market fundamentals, security level cash flows, ongoing security surveillance, the assignment of credit ratings, and trade recommendations that benefit T. Rowe Price portfolios. The analyst will be an integral part of the Securitized Products team at T. Rowe Price.

 

PRINCIPAL RESPONSIBILITIES

  • Analyze and evaluate investment opportunities across the CMBS universe. 
  • Analyze and recommend potential purchases and sales of securitized products securities to enhance portfolio performance. Conduct fundamental sector, market and security analysis, and combine relative value and strategy considerations in sector and security recommendations.
  • Analyze fundamental market developments in the commercial real estate, consumer lending and other securitized markets, including underwriting standards and property market trends, and their impact on security and sector performance.
  • Communicate and collaborate with various internal and external parties to develop well-researched, sound investment recommendations and sector theses.  Interact with Rating Agency analysts, external sector experts, T. Rowe Price Portfolio Managers, Equity and Credit analysts, and Quantitative analysts, among others.  

 

QUALIFICATIONS

Required

  • College degree with concentration in business, finance, or economics.
  • Five years of direct investment experience with CMBS products.
  • Experience developing and maintaining reports and data.
  • Basic understanding of financial accounting, derivatives markets and computer skills
  • Experience using Trepp, Intex, Bloomberg
  • Strong written and oral communication skills. 
  • Strong decision-making and risk management background. 
  • Strong analytical skills. 
  • Solid understanding of structured credit.
  • Collaborative, inquisitive and detail-oriented personality.

Preferred

  • Knowledge of other securitized credit sectors
  • Advanced business degree is a plus. 
  • Chartered Financial Analyst designation preferred.