About the Role:

Grade Level (for internal use):

The Team: The U.S. CMBS team is part of the broader Structured Finance Group at S&P Global Ratings. The team assigns ratings and publishes research for Commercial Mortgage-Backed Securities (CMBS) investors, working collaboratively on both new issue ratings and ongoing surveillance of CMBS transactions. analytical work.

Impact and Responsibilities:

Impact: The Senior Analyst plays a key role in driving analytical quality and efficiency, sharing your expertise with colleagues, and contributing to how the team continuously improves the way we work. The Senior Analyst leads analysis on transactions within clearly defined criteria and frameworks and is called upon to advise on more complex or non-standard situations by applying structured finance experience and analytical judgment.

Responsibilities:

• Perform detailed commercial real estate valuation analysis on underlying CMBS collateral properties using established criteria and methodologies, integrating complex information and clearly communicating your conclusions to both internal and external stakeholders.

• Conduct comprehensive reviews of legal and operating documents to ensure compliance with criteria, identify transaction structure issues, and provide clear, well‑reasoned comments and recommendations to external parties.

• Actively manage relationships with issuers, intermediaries, and investors, effectively communicating S&P Global’s methodologies, leading analytical discussions, and participating in client meetings.

• Lead transactions through the rating process as the primary rating analyst, including preparing and presenting credit analyses in rating committees and meeting defined timelines while maintaining high analytical standards.

• Assist with research and publishing efforts, criteria development, and performance analysis to support thought leadership initiatives, proactively seeking out opportunities for innovation and process improvement within the CMBS analytical workflow.

Compensation/Benefits Information: (applicable for US candidates only): S&P Global states that the anticipated range of compensation for this position is $100,000 USD to $117,000 USD. Final compensation for this role will be based on the individual’s performance, geographic location, as well as experience level, skill set, training, licenses, and certifications.

Compensation/Benefits Information: (applicable for Canadian candidates only): S&P Global states that the anticipated range of compensation for this position is 109,000 CAD to 121,00 CAD. Final compensation for this role will be based on the individual’s performance, geographic location, as well as experience level, skill set, training, licenses, and certifications. In accordance with Ontario's new regulations effective January 1, 2026, this job posting provides information on expected compensation. S&P Global will not be utilizing artificial intelligence in our hiring process. Additionally, we are committed to transparency and will inform all interviewed candidates of hiring decisions within 45 days of their interview. This posting is for an existing vacancy, and we encourage you to reach out for further information regarding our hiring practices or any questions you may have. Thank you for considering a career with us!

What We're Looking For:

Required Qualifications:

• An S&P Global employee at this level would typically have 2+ years of relevant Structured Finance experience; direct CMBS experience will be a pivotal asset.

• Experience with commercial real estate valuation methodologies and structured finance products, including familiarity with CMBS transaction structures and surveillance

• Strong proficiency with Excel, financial modeling, and financial data analysis, with the ability to work independently on complex, data‑driven assignments.

• Excellent analytical, written and verbal communication, and presentation skills

• Ability to integrate and explain complex CMBS structures and credit considerations to a range of audiences

• Demonstrated ability to analyze and solve complex problems in a timely and insightful manner, using prior experience and curiosity to generate ideas in less clearly defined situations.

• Strong organizational skills with the ability to prioritize competing tasks, manage multiple deals and projects, meet deadlines, and maintain high levels of data accuracy and documentation quality.

• Experience in loan servicing, operations, finance, research, accounting, mortgage lending, or commercial/co