Assistant Vice President, Credit Ratings, CMBS

DBRS Morningstar; Toronto; Hybrid; CAD 85,000 - 120,000; Full time

Job summary

DBRS Morningstar is seeking an experienced analyst for their Toronto office to lead the rating process of US CMBS transactions. Candidates should be analytical, detail-oriented, and possess strong interpersonal skills, with a significant background in commercial real estate finance. The position allows for a hybrid work environment, combining remote work with in-person collaboration.

Benefits

Flexible hybrid work environment

Tools and resources for remote collaboration

Qualifications

• 7 to 10 years of experience in a commercial real estate finance field required.
• Proficiency in Excel is essential.
• Advanced degree or CFA preferred.

Responsibilities

• Manage the process of rating US CMBS transactions.
• Conduct site inspections of major commercial real estate properties.
• Compose detailed committee memos and rating reports.

Skills

Analytical skills

Attention to detail

Interpersonal skills

Presentation skills

Research skills

Business writing skills

Proficiency in Excel

Education

Degree in finance, real estate or related area

Advanced degree or CFA

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 >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 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.
• 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. No matter where you are, you’ll have tools and resources to engage meaningfully with your global colleagues.