DBRS Morningstar
Assistant Vice President, Credit Ratings - North American CMBS
DBRS Morningstar, Chicago, Illinois, United States, 60290
DBRS Morningstar is seeking an experienced Analyst with an interest in real estate finance and credit analysis to join its Commercial Mortgage Backed Securities (CMBS) team. The successful candidate will primarily serve as a lead analyst for DBRS Morningstar rated transactions or entities.
Responsibilities
Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology. Determine DBRS Morningstar 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 and update spreadsheets on properties and companies, 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 releases, commentaries, presentations, and industry reports under supervision of lead analysts. Oversee the preparation of rating committee materials and participate in Rating Committee meetings. Assist with the publishing workflow, including regulatory disclosures. Maintain a solid understanding of the real estate asset classes covered. Delegate and oversee the completion of tasks. Train and mentor junior staff. Lead client communications through interactions with issuers, investors, and intermediaries. Adhere to compliance, regulatory and company policies and procedures. Requirements
Four to five years of progressive 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. 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. About Us
Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world. Morningstar DBRS empowers investor success by bringing more transparency and a diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service. Morningstar DBRS is the next generation of credit ratings. Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. We champion wellness through a wide range of programs that support all stages of your personal and professional life. Financial Health: 75% 401k match up to 7%; stock ownership potential; company-provided life insurance - 1x salary + commission Physical Health: Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages; additional medical wellness incentives - up to $300-$600 annually; company-provided long- and short-term disability insurance Emotional Health: Trust-Based Time Off; 6-week Paid Sabbatical Program; 6-Week Paid Family Caregiving Leave; competitive 8-24 week Paid Parental Bonding Leave; Adoption Assistance; Leadership Coaching & Formal Mentorship; Opportunities; Annual Education Stipend; Tuition Reimbursement Social Health: Charitable Matching Gifts program; Dollars for Doers volunteer program; Paid volunteering days; 15+ Employee Resource & Affinity Groups Base Salary Compensation Range $85,000.00 - 138,000.00 USD Annual Total Cash Compensation Range $102,000.00 - 166,000.00 USD Annual If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially to our Compliance team. Investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, you will be required to liquidate those holdings immediately. Depending on your department and location, some employee accounts must be held with an approved broker. If this applies and your accounts are not with an approved broker, you will be required to move your holdings to an approved broker. Morningstar’s hybrid work environment offers the opportunity to work remotely and collaborate in person each week. While some positions are available as fully remote, we value regular in-person collaboration; a typical pattern is three days per week. A range of other benefits is available to enhance flexibility as needs change. R06_DBRSInc DBRS, Inc. - US Legal Entity
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Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology. Determine DBRS Morningstar 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 and update spreadsheets on properties and companies, 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 releases, commentaries, presentations, and industry reports under supervision of lead analysts. Oversee the preparation of rating committee materials and participate in Rating Committee meetings. Assist with the publishing workflow, including regulatory disclosures. Maintain a solid understanding of the real estate asset classes covered. Delegate and oversee the completion of tasks. Train and mentor junior staff. Lead client communications through interactions with issuers, investors, and intermediaries. Adhere to compliance, regulatory and company policies and procedures. Requirements
Four to five years of progressive 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. 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. About Us
Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world. Morningstar DBRS empowers investor success by bringing more transparency and a diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service. Morningstar DBRS is the next generation of credit ratings. Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. We champion wellness through a wide range of programs that support all stages of your personal and professional life. Financial Health: 75% 401k match up to 7%; stock ownership potential; company-provided life insurance - 1x salary + commission Physical Health: Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages; additional medical wellness incentives - up to $300-$600 annually; company-provided long- and short-term disability insurance Emotional Health: Trust-Based Time Off; 6-week Paid Sabbatical Program; 6-Week Paid Family Caregiving Leave; competitive 8-24 week Paid Parental Bonding Leave; Adoption Assistance; Leadership Coaching & Formal Mentorship; Opportunities; Annual Education Stipend; Tuition Reimbursement Social Health: Charitable Matching Gifts program; Dollars for Doers volunteer program; Paid volunteering days; 15+ Employee Resource & Affinity Groups Base Salary Compensation Range $85,000.00 - 138,000.00 USD Annual Total Cash Compensation Range $102,000.00 - 166,000.00 USD Annual If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentially to our Compliance team. Investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, you will be required to liquidate those holdings immediately. Depending on your department and location, some employee accounts must be held with an approved broker. If this applies and your accounts are not with an approved broker, you will be required to move your holdings to an approved broker. Morningstar’s hybrid work environment offers the opportunity to work remotely and collaborate in person each week. While some positions are available as fully remote, we value regular in-person collaboration; a typical pattern is three days per week. A range of other benefits is available to enhance flexibility as needs change. R06_DBRSInc DBRS, Inc. - US Legal Entity
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