CMBS Credit Ratings Analyst – North America

Morningstar; Chicago (IL); On-site; USD 74,000 - 90,000; Full time

Benefits offered by this job

Hybrid work model

401k match

Stock ownership potential

Company-provided life insurance

Job summary

Morningstar DBRS CMBS New Issue Credit Ratings group in Chicago is seeking an Analyst to support credit risk assessment of commercial real estate loans and securitized products. You will assist with ratings processes, review third party data, perform property and loan analyses, and draft Asset Summary Reports.

You will contribute to rating reports, presentations, and regulatory disclosures under supervision, travel up to 20%, and develop understanding of asset classes while supporting senior

Qualifications

• Bachelor’s degree in finance or related field required.
• Proficient in Excel with advanced skills.
• Willingness to travel 10-20%.
• Excellent written and verbal communication.
• Detail-oriented self-starter with strong organization.
• Interest in commercial real estate and structured finance.
• Eager to learn and take on increasing responsibilities.
• Valid driver's license.

Responsibilities

• Serve as backup analyst for CMBS transactions, while adhering to the relevant rating methodology.
• Prepare underwriting templates for credit analysis of commercial real estate assets.
• Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to > $100 million).
• Review third-party reports including appraisals, property condition reports, environmental reports, seismic surveys, and other industry specialized reports.
• Search and aggregate market data to be used in the credit analysis.
• Contribute text and analysis for rating reports, press release, 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.
• Develop client-communication skills through interacting with issuers and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.
• Provide support for mid- and senior-level analysts.
• Maintain various transaction and loan tracking systems.
• Perform property site visits in support of loan analysis.

Skills

Excel

Travel readiness

Communication skills

Time management

Analytical thinking

Driver's license

Real estate knowledge

Education

Bachelor’s degree in finance or related field

Job description

Morningstar DBRS CMBS New Issue Credit Ratings group in Chicago is seeking an Analyst to support credit risk assessment of commercial real estate loans and securitized products. You will assist with ratings processes, review third party data, perform property and loan analyses, and draft Asset Summary Reports.

You will contribute to rating reports, presentations, and regulatory disclosures under supervision, travel up to 20%, and develop understanding of asset classes while supporting senior