CMBS Credit AVP: Lead Real Estate Finance Analyst (Hybrid)

Morningstar; Chicago (IL); On-site; USD 105,050 - 149,000; Full time

Benefits offered by this job

401(k) match

Stock ownership

Health benefits

Sabbatical

Parental leave

Tuition reimbursement

Volunteer program

Job summary

Morningstar DBRS in Chicago seeks an Assistant Vice President to join its CMBS team, focusing on credit analysis and support for rated transactions. You will become proficient in US/Canada real estate sectors and rating criteria under senior analysts.

As a lead/ supporting analyst, you’ll prepare cash flow analyses, review reports, and contribute to rating committee materials while developing client communication skills and regulatory compliance awareness.

Qualifications

• Minimum of two years of experience in a commercial real estate related field.
• Undergraduate degree in accounting, business, finance or another relevant discipline (preferred).
• Strong analytical abilities and knowledge of financial statements.
• Self‑starter and strong team player, with the ability to meet deadlines while producing high‑quality work.

Responsibilities

• Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology.
• Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes.
• Prepare/update spreadsheets on properties and companies, including historical information and financial projections.
• Search and aggregate market data for use in the credit analysis.
• Track key economic and industry indicators and various asset class metrics.
• Review third‑party reports, including appraisals, property condition reports, environmental reports, and other industry‑specific reports.
• Contribute text and analysis for rating reports, press releases, commentaries, presentations and industry reports under supervision of lead analysts.
• Assist with the preparation of rating committee materials and participate in Rating Committee meetings with guidance from the lead analysts.
• Assist with the publishing workflow, including regulatory disclosures.
• Develop a solid understanding of real estate asset classes covered.
• Assist with training junior staff.
• Develop client‑communication skills through interaction with issuers, investors, and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.

Skills

Analytical abilities

Strong communication

Attention to detail

Self-starter / team player

Education

Undergraduate degree in accounting, business, finance

Tools

Excel

Financial modeling

Credit analysis tools

Job description

Morningstar DBRS in Chicago seeks an Assistant Vice President to join its CMBS team, focusing on credit analysis and support for rated transactions. You will become proficient in US/Canada real estate sectors and rating criteria under senior analysts.

As a lead/ supporting analyst, you’ll prepare cash flow analyses, review reports, and contribute to rating committee materials while developing client communication skills and regulatory compliance awareness.