Assistant Vice President, Credit Ratings, CMBS

Morningstar Credit Ratings, LLC; Toronto; On-site; CAD 125,000 - 150,000; Full time

Job summary

An established industry player is seeking an Assistant Vice President for Credit Ratings in CMBS. This role demands a detail-oriented individual with strong analytical skills and a deep understanding of commercial real estate finance. You will lead the rating process for US CMBS transactions, ensuring compliance with policies while also conducting thorough market research and financial analysis. The position offers a hybrid work environment, allowing for both remote work and regular in-person collaboration. If you are passionate about finance and ready to make an impact in a dynamic setting, this is the opportunity for you!

Qualifications

• 7-10 years of experience in commercial real estate finance is required.
• Proficiency in Excel and strong analytical skills are essential.

Responsibilities

• Lead analyst managing the rating process for US CMBS transactions.
• Conduct market research and financial analysis for published reports.

Skills

Analytical Skills

Interpersonal Skills

Presentation Skills

Business Writing

Excel Proficiency

Education

Degree in Finance

Degree in Real Estate

Advanced Degree or CFA

Job description

Assistant Vice President, Credit Ratings, CMBS

Assistant Vice President, Credit Ratings, CMBS

Apply locations Toronto time type Full time posted on Posted Today job requisition id REQ-049968

About the Role

The individual must be able to work in a fast-paced environment, be analytical and highly attentive to detail. The candidate will be highly poised and possess excellent interpersonal and presentation skills. In addition, candidates must possess a high degree of proficiency in Excel as well as the intellectual curiosity to develop new applications and to perform complex analyses. Well-developed business writing skills are also required.

This position is based in Chicago or Toronto.

Responsibilities

• Act as the lead analyst and manage the process of rating US CMBS transactions while maintaining compliance with DBRS Policies and Procedures.
• Obtain a solid understanding of DBRS quantitative models to assess credit worthiness of multi-borrower transactions as well as single-borrower transactions.
• Determine DBRS stabilized net cash flows for all property types, a variety of loan sizes ($2 million to >$1 billion) and unique loan structures including holdbacks and future funding components based on property performance and market dynamics.
• Conduct site inspections of all major commercial real estate property types throughout US.
• Compose and review detailed committee memos as well as published Presale and rating reports containing the culmination of research and DBRS analysis and opinions.
• Present loan level analysis and quantitative results and provide recommendations to the credit committee.
• Conduct market research and financial analysis to develop reports for DBRS published research, investor meetings and conferences.
• Respond to client and colleague inquiries regarding methodologies, transaction analysis and research.

Qualifications

• The successful candidate will have at least 7 to 10 years of experience in a commercial real estate finance related field.
• The analyst should hold a degree in finance, real estate or a related area.
• Advanced degree or CFA is a plus.

Morningstar’s hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We’ve found that we’re at our best when we’re purposely together on a regular basis, at least three days each week. A range of other benefits are also available to enhance flexibility as needs change.