Senior CMBS Credit Analyst – North America

Morningstar; Chicago (IL); On-site; USD 92,000 - 116,000; Full time

Benefits offered by this job

401k match up to 6%

Stock ownership potential

Company provided life insurance

Hybrid/onsite flexibility

Job summary

Morningstar DBRS in Chicago is seeking a Senior Analyst to support lead analysts in evaluating credit risk for CMBS, CRE and related entities. You will develop cash flow analyses across property types and assist with rating materials and market research.

The role offers exposure to US/Canada real estate sectors, with growth toward CFA designation and strong Excel, Bloomberg and SNL proficiency in a collaborative environment.

Qualifications

• Minimum of two years of experience in a commercial real estate related field.
• Undergraduate degree in accounting, business, finance or other relevant discipline is preferred.
• Strong analytical abilities and knowledge of financial statements.
• Solid research and analytical skills, with acute attention to detail.
• 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.
• Ability to travel 10-20% domestically/ North America.
• Possess and maintain a valid driver’s license and passport.
• Progress towards a CFA designation, advanced knowledge of Microsoft Excel, and Bloomberg and SNL skills would be a plus.

Responsibilities

• Support the lead analysts in 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 ($1 million to > $100 million)
• Prepare/update spreadsheets on rated entities including historical information and financial projections.
• Search and aggregate market data to be used 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 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, investors, and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.

Skills

Analytical skills

Communication skills

Team player

Attention to detail

Willingness to travel

Self-starter

Education

Bachelor's degree in accounting/finance/business

Tools

Bloomberg

SNL

Microsoft Excel

Job description

Morningstar DBRS in Chicago is seeking a Senior Analyst to support lead analysts in evaluating credit risk for CMBS, CRE and related entities. You will develop cash flow analyses across property types and assist with rating materials and market research.

The role offers exposure to US/Canada real estate sectors, with growth toward CFA designation and strong Excel, Bloomberg and SNL proficiency in a collaborative environment.