Morningstar

Vice President, Corporate Real Estate Ratings - North America

Morningstar • $109K — $160K *
Toronto, ON M3C 0E3In-Person
Finance & Insurance
8 - 10 years of experience
Reposted 4 days ago
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Job Overview by Ladders

Qualifications

  • Minimum eight years in credit analysis, finance, or investment banking.
  • Expertise in Canadian commercial real estate industry dynamics and challenges.
  • In-depth understanding of legal documentation for real estate transactions.
  • Strong analytical skills in financial statements with knowledge of IFRS and familiarity with US GAAP.
  • Excellent communication abilities, both verbal and written.
  • Self-starter with teamwork skills in a fast-paced environment.
  • Bachelor's degree in relevant discipline required; CFA will be viewed favorably.

Responsibilities

  • Lead coverage of various real estate entities in Canada.
  • Contribute to rating assignments in both Canada and the US.
  • Conduct company and industry research; analyze financial statements and management strategies.
  • Review legal documents pertinent to credit analysis.
  • Prepare materials for and lead rating committee presentations.
  • Produce high-quality rating reports and sector research commentaries.
  • Develop relationships with stakeholders including issuers and investors.
  • Mentor junior analysts and contribute to their development.
  • Participate in conferences and industry events.
  • Ensure compliance with regulatory requirements and internal policies.

Benefits

  • Hybrid work environment with regular in-office collaboration expected.
  • Flexible benefit options tailored to changing needs.
  • Access to tools and resources for meaningful engagement with colleagues globally.
  • Opportunities for personal and professional growth through mentoring.
  • Participation in industry conferences for networking and development.
Full Job Description
Position Summary
  • The North American Corporate Real Estate Ratings team of Morningstar DBRS is seeking a highly motivated individual with a minimum of eight years of relevant experience in corporate credit analysis, research, or investment banking and a strong understanding of the Canadian real estate sector to join the team in Toronto as a Vice President.
  • Working closely with the Managing Director, Sector Lead, and other members of the Real Estate group, the successful candidate will be primarily responsible for new coverage (public and private) of the Canadian real estate sector and maintaining existing coverage of Canadian real estate mandates. This highly visible role involves assessing the creditworthiness of a new and existing portfolio of real estate entities, including real estate investment trusts, real estate operating companies, pension plan owned real estate entities, and real estate funds.
  • This position reports directly to the Senior Vice President, Sector Lead of North American Corporate Real Estate.


Primary Responsibilities
  • Lead new and/or assume lead coverage of a broad range of real estate entities.
  • Contribute to new and existing rating assignments, both in Canada and the US.
  • Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations.
  • Review of legal documentation related to credit analysis.
  • Prepare rating committee materials and lead rating committee presentations.
  • Produce timely, high-quality rating reports, press releases and commentaries on rated entities and industry sector research.
  • Contribute to the development and refinement of existing and new rating methodologies.
  • Contribute to the development and mentoring of junior analysts.
  • Develop and solidify relationships with issuers, investors, intermediaries, and other stakeholders.
  • Speak and participate at conferences, including industry and debt capital market events.
  • Adhere to rigorous regulatory requirements and Morningstar DBRS policies and procedures, which include detailed record-keeping, training, and compliance.


Requirements
  • Minimum of eight years of experience in credit, finance and/or banking within the financial services and real estate industries.
  • Expert knowledge of Canadian commercial real estate industries and challenges facing companies in different real estate segments and geographies.
  • In-depth understanding of legal documentation associated with real estate transactions.
  • Strong financial statement analytical abilities with solid knowledge of IFRS and working knowledge of US GAAP accounting as it relates to real estate.
  • Strong research skills and attention to detail.
  • Excellent communication skills, both verbal and written.
  • Self-starter and team player with demonstrated ability to work in a fast-paced environment.
  • Travel is required.
  • Bachelor's degree (relevant discipline) with a professional designation or a master's degree required.


Completion of the CFA program would be considered favourably.

Base Salary Compensation Range

$109,489.00-160,711.00

Incentive Target Percentage

30% Annual

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.

R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity

About Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offers an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors. Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries, with more than $200 billion in assets under advisement and management as of December 31, 2020. The company has operations in 29 countries.
Learn more about Morningstar
Size
10,038 employees
Market Cap
$9 billion
Industry
Finance & Insurance
Net Income
$223.6 million
Founded
1984
5 Year Trend
+16.3%
Revenue
$1.3 billion
NASDAQ
MORN
* Ladders Estimates

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