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. We foster a collaborative environment where analytical excellence meets innovative problem-solving, supporting the growth of structured finance markets globally.

The Impact:

As a Senior Analyst in our U.S. CMBS team, you will play 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. As a Senior Analyst you will lead analysis on transactions within clearly defined criteria and frameworks and will be called upon to advise on more complex or non-standard situations by applying structured finance experience and analytical judgment. Your analytical expertise will directly influence rating outcomes and shape capital market decisions for CMBS investors.

What's in it for you:

This role offers exceptional opportunities to work with cutting-edge financial structures in the dynamic CMBS market within a fast-paced, intellectually stimulating environment. You'll benefit from working in a collegial culture with significant potential for professional development and career advancement within S&P Global's prestigious Structured Finance division. This position provides direct exposure to senior leadership and the opportunity to influence analytical methodologies and market standards while building expertise in one of the most important sectors of the capital markets.

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.
• All employees are required to work from the office a minimum of 2 days per week.

What We're Looking For:

Basic 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.
• Bachelor's degree in Business Administration, Economics, Finance, Mathematics, or another quantitative/analytical discipline.
• 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/consumer credit, with a clear connection to commercial real estate or structured finance.
• Proven track record of collaborating effectively with peers and immediate leadership, constructively influencing others, and leveraging the wider team to deliver high quality outcomes.
• We require all candidates who