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:
- 5-7 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
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 plansand coverages
Additional medical Wellness Incentives - up to $300-$600 annual
Company-provided long- and short-termdisabilityinsurance
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 & FormalMentorshipOpportunities
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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