Senior CMBS Credit Analyst — Real Estate Finance

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

Benefits offered by this job

401k match

Health benefits

Sabbatical program

Parental leave

Job summary

Morningstar DBRS in Chicago is seeking a Senior Analyst to support lead analysts in evaluating credit risk for CMBS and related real estate assets. You will help determine stabilized cash flows across property types, prepare financial projections, and aggregate market data to inform rating decisions.

The role involves contributing to rating reports, assisting with rating committee materials, and developing expertise in real estate asset classes while traveling up to 20% domestically.

Qualifications

• Minimum of two years of experience in a commercial real estate related field.
• Undergraduate degree in accounting, business, finance or another relevant discipline is preferred.
• Strong analytical abilities and knowledge of financial statements.
• Solid research and analytical skills with attention to detail.
• Strong communication skills, both oral and written.
• Self-starter and team player who can meet deadlines while producing high quality work.
• Genuine interest in commercial real estate and structured finance.
• Willingness to travel 10–20% domestically/North America.

Responsibilities

• Support lead analysts in evaluating credit risk per the rating methodology.
• Determine stabilized cash flows for major property types and various loan sizes.
• Prepare/update spreadsheets on rated entities with historical data and projections.
• Aggregate market data for credit analysis.
• Track key economic/industry indicators and asset class metrics.
• Review third-party reports (appraisals, condition reports, environmental reports).
• Contribute text and analysis for rating reports, press releases, and presentations.

Skills

Analytical skills

Communication

Self-starter

Team player

Education

Undergraduate degree in accounting/finance/business

Tools

Excel

Bloomberg

SNL

Job description

Morningstar DBRS in Chicago is seeking a Senior Analyst to support lead analysts in evaluating credit risk for CMBS and related real estate assets. You will help determine stabilized cash flows across property types, prepare financial projections, and aggregate market data to inform rating decisions.

The role involves contributing to rating reports, assisting with rating committee materials, and developing expertise in real estate asset classes while traveling up to 20% domestically.