Vice President, Credit Ratings, Real Estate

Morningstar, Inc.; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is seeking a highly motivated individual to join their European CMBS team. This role involves leading the analysis and rating of commercial mortgage-backed securities, managing a team, and ensuring compliance with relevant methodologies. The ideal candidate will have a strong background in real estate finance, excellent analytical skills, and a passion for structured finance. You will have the opportunity to mentor junior staff and engage with clients, making a significant impact in the commercial real estate sector. If you are a self-starter with a keen interest in finance, this is an exciting opportunity to advance your career in a dynamic environment.

Qualifications

• 5-8 years of experience in Commercial Real Estate or related fields.
• Strong analytical abilities and CRE credit experience required.

Responsibilities

• Manage the rating process for EU CMBS transactions and train junior team members.
• Present credit recommendations and oversee reporting and compliance.

Skills

Analytical Skills

Credit Analysis

Communication Skills

Team Management

Real Estate Finance

Education

Undergraduate degree in accounting

Undergraduate degree in business

Undergraduate degree in finance

Job description

Morningstar DBRS is seeking a highly motivated individual, with a background in real estate finance and credit analysis, to join its European Commercial Mortgage Backed Securities (CMBS) team. The successful candidate will mainly serve as a team manager and lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to have an advanced understanding of the European real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.

Responsibilities

• Act as the lead analyst and manage the process of rating EU CMBS transactions, while maintaining compliance to the relevant rating methodology.
• Train and manage junior team members through the credit rating process on a variety of CMBS transactions.
• Have a solid understanding of real estate classes covered and determine Morningstar DBRS stabilized cash flows of all major property types (multifamily, hotel, office, retail, L&I, self-storage etc.) and a variety of loan sizes (EUR 1 million to > EUR 500+ million). For transitional properties, develop property cash flows that take into account the borrower’s business plan, loan and reserve structure, track record and overall risk profile.
• Present and oversee credit recommendations to senior credit committee members.
• Lead in the completion of rating reports, press release, commentaries, presentations and industry reports.
• Assist with the publishing workflow, including required regulatory disclosures.
• Lead client-communication through interacting with issuers, investors, and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.

Requirements

• Five to eight years of progressive experience in a Commercial Real Estate (CRE) related field, e.g. banking/lender, private credit, servicing, valuation services. Additional experience in capital markets, structured credit, securitizations, or CRE funds is preferred.
• Undergraduate degree in accounting, business, finance or other relevant discipline is preferred.
• Strong analytical abilities and CRE credit experience.
• Demonstrated track record of managing and mentoring junior staff.
• 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.
• This position requires occasional European travel.