Assistant Vice President, Credit Ratings, CMBS

R06_DBRSInc DBRS, Inc. - US Legal Entity; Toronto; Hybrid; CAD 80,000 - 110,000; Full time

Job summary

A leading company in commercial real estate finance is seeking a lead analyst in Toronto. The role involves managing US CMBS transaction ratings, conducting market research, and presenting findings to the credit committee. Applicants should have extensive experience in the field, solid analytical skills, and a relevant degree. The position supports a hybrid work environment with various benefits for flexibility.

Qualifications

• 7-10 years of experience in commercial real estate finance.
• Degree in finance, real estate, or a related area.
• An advanced degree or CFA designation is a plus.

Responsibilities

• Act as the lead analyst managing the rating process for US CMBS transactions.
• Conduct site inspections of major commercial real estate properties.
• Compose and review detailed committee memos and reports.
• Present analysis and provide recommendations to the credit committee.

Skills

Analytical skills

Attention to detail

Interpersonal skills

Presentation skills

Business writing skills

Intellectual curiosity

Proficiency in Excel

Education

Degree in finance, real estate, or a related area

Advanced degree or CFA designation

Job description

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

1. Act as the lead analyst and manage the process of rating US CMBS transactions while maintaining compliance with DBRS Policies and Procedures.
2. Obtain a solid understanding of DBRS quantitative models to assess credit worthiness of multi-borrower transactions as well as single-borrower transactions.
3. Determine DBRS stabilized net cash flows for all property types, a variety of loan sizes ($2 million to over $1 billion) and unique loan structures including holdbacks and future funding components based on property performance and market dynamics.
4. Conduct site inspections of all major commercial real estate property types throughout the US.
5. Compose and review detailed committee memos as well as published presale and rating reports containing the culmination of research and DBRS analysis and opinions.
6. Present loan-level analysis and quantitative results and provide recommendations to the credit committee.
7. Conduct market research and financial analysis to develop reports for DBRS published research, investor meetings, and conferences.
8. 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.
• An advanced degree or CFA designation is a plus.

Morningstar’s hybrid work environment offers opportunities for remote work and in-person collaboration at least three days a week. Various benefits are available to support flexibility as needs evolve. Regardless of location, you will have tools and resources to engage meaningfully with your global colleagues.