Associate, Banking

Morgan Stanley•New York, NY

1d•$175,000 - $200,000

About The Position

Morgan Stanley & Co. LLC is seeking an Associate, Banking in New York, New York, to provide investment banking services to major issuers in the public sector, housing, not-for-profit healthcare, and tax-exempt structured finance groups. The role involves preparing and executing live transactions; developing rating agency, investor roadshow, and sales memorandum materials; creating product pitches based on market dynamics and requests for proposals; and performing cash flow analyses to evaluate debt financing alternatives. The Associate updates credit models, conducts peer credit analysis, monitors debt portfolios for refinancing or restructuring opportunities, conducts debt capacity and affordability analysis, and researches market data to share insights with clients. The position also responds to client inquiries and includes travel for client meetings and conferences.

Requirements

Bachelor's degree in Finance, Economics, or a related field of study.
Two years of experience in the position offered, as an Analyst, or in a closely related occupation.
Two years of experience using Excel, DBC Finance, Word, and PowerPoint.
Two years of experience with industry resources including EMMA (Electronic Municipal Market Access), IPREO, and SDC Platinum.
Two years of experience performing refunding analyses in DBC Finance and structuring new-money transactions.
Two years of experience with refunding alternatives, including current refundings, forward refundings, and tender refinancing of tax-exempt and eligible taxable debt.
Two years of experience reading and interpreting issuer financial statements and documents, including Official Statements, Capital Improvement Plans, Annual Financial Reports, and EMMA notices.
Two years of experience creating issuer debt profiles and evaluating potential refunding opportunities.
Two years of experience determining whether an issuer should use fixed-rate or variable-rate products.
Two years of experience drafting Responses to Proposals (RFPs).
Two years of experience preparing meeting books and updates by summarizing analytical information into client-ready PowerPoints and PDFs.
Two years of experience collaborating with the underwriting desk on scale requests, wire reviews, market update and pricing calls, and live-deal pricing call materials.
Two years of experience collaborating with financial advisors and quantitative teams to structure deals and run cash flows.
Two years of experience reviewing Preliminary Official Statements (POS), Official Statements (OS), and Bond Purchase Agreements (BPA).
Two years of experience preparing ratings presentations and investor presentations.
Two years of experience with pricing processes, including securing SLGS subscriptions, wiring good-faith checks, verifying insurance requirements, and sending cash flows to verification agents.
Two years of experience with closing processes and MSRB regulatory compliance, including G-11 wires, G-32 filings, closing memos, SDC Platinum credit confirmation, and post-pricing books.

Responsibilities

Prepare and execute live transactions.
Craft rating agency, investor roadshow, and sales memorandum materials.
Prepare product pitches based on market dynamics and responses to requests for proposal.
Perform cash flow analyses to evaluate debt financing alternatives.
Update credit models and conduct peer credit analysis.
Monitor debt portfolios and identify opportunities for refinancing or restructuring.
Conduct debt capacity and affordability analysis.
Research and analyze market data to share insights with clients.
Field and respond to client inquiries, including travel for client meetings and conferences.
Perform refunding analyses and structure new-money transactions.
Read and interpret issuer financial statements and documents, including Official Statements, Capital Improvement Plans, Annual Financial Reports, and EMMA notices.
Create issuer debt profiles and evaluate potential refunding opportunities.
Determine whether issuers should use fixed-rate or variable-rate products.
Draft Responses to Proposals (RFPs) and prepare client-ready meeting books and updates.
Collaborate with the underwriting desk on scale requests, wire reviews, market update and pricing calls, and pricing call materials.
Collaborate with financial advisors and quantitative teams to structure deals and run cash flows.
Review Preliminary Official Statements, Official Statements, and Bond Purchase Agreements.
Prepare ratings presentations and investor presentations.
Coordinate pricing processes, including SLGS subscriptions, good-faith check wiring, insurance verification, and sending cash flows to verification agents.
Manage closing processes and comply with MSRB regulatory requirements, including G-11 wires, G-32 filings, closing memos, SDC Platinum credit confirmation, and post-pricing books.