North American CMBS Credit Ratings, Assistant Vice President - Chicago

North American CMBS Credit Ratings, Assistant Vice President - Chicago

Morningstar DBRS is seeking a highly motivated individual, with an interest in real estate finance and credit analysis, to join its Commercial Mortgage-Backed Securities (CMBS) team as an Assistant Vice President in Chicago. The successful candidate will mainly serve as a support/ lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.

Job Responsibilities:

• Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology.
• Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to > $100 million)
• Prepare/update spreadsheets on properties and companies including historical information and financial projections.
• Search and aggregate market data to be used in the credit analysis.
• Track key economic and industry indicators and various asset class metrics.
• Review third-party reports including appraisals, property condition reports, environmental reports, and other industry specific reports.
• Contribute text and analysis for rating reports, press release, commentaries, presentations and industry reports under supervision of lead analysts.
• Assist with the preparation of rating committee materials and participate in Rating Committee meetings with guidance from the lead analysts.
• Assist with the publishing workflow, including regulatory disclosures.
• Develop a solid understanding of real estate asset classes covered.
• Assist with training junior staff.
• Develop client-communication skills through interacting with issuers, investors, and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.

Qualifications:

• Minimum of two years of experience in a commercial real estate related field.
• Undergraduate degree in accounting, business, finance or other relevant discipline is preferred.
• Strong analytical abilities and knowledge of financial statements.
• Solid research and analytical skills, with acute attention to detail.
• Strong communication skills, both oral and written.
• Self-starter and strong team player, with the ability to meet deadlines while producing high quality work.
• Genuine interest in commercial real estate and structured finance.
• Ability to travel 10-20% domestically/ North America.
• Possess and maintain a valid driver's license and passport.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  
  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
• Physical Health
  
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
  • Additional medical Wellness Incentives - up to $300-$600 annual
  • Company-provided long- and short-term disability insurance
• Emotional Health
  
  • Trust-Based Time Off
  • 6-week Paid Sabbatical Program
  • 6-Week Paid Family Caregiving Leave
  • Competitive 8-24 Week Paid Parental Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • Tuition Reimbursement
• Social Health
  
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range
$105,050.00-149,000.00
Inclusive of annual base salary and target incentive

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

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