Structured Finance - Commercial Mortgage-Backed Securities, Associate Director - Chicago

Fitch Group • Chicago, IL

4d • $105,000 - $135,000 • Hybrid

About The Position

Fitch Ratings is seeking an Associate Director to join its Commercial Mortgage-Backed Securities (CMBS) group in its New York or Chicago office. The role involves analyzing and developing credit opinions on CMBS transactions, communicating those opinions to the public, and publishing research on transactions and industry trends. The analyst will assess commercial real estate properties and related loan structures in U.S. and Canadian markets, including property cash flows and valuations, and provide Fitch’s perspectives to investors and other market participants on North American CMBS transactions.

Requirements

• Bachelor's degree.
• At least 5 years of direct experience underwriting, valuing, or working out commercial real estate.
• Expertise in Excel and Word.
• Strong analytical, quantitative, and organizational skills, including the ability to multitask.
• Familiarity with commercial property types.
• Effective communication skills, including strong writing ability.
• Ability to shift fluidly between multiple projects as priorities change.

Nice To Haves

• Securitization or capital markets experience.
• Loan workout and/or lending experience.

Responsibilities

• Identify and assess credit strengths and risks of commercial real estate properties and related loan structures in U.S. and Canadian CRE markets.
• Underwrite and evaluate property cash flows and valuations.
• Use quantitative analysis to assess property- and loan-level characteristics and industry trends.
• Communicate rating conclusions to credit committee.
• Publish detailed transaction reports, rating commentaries, and research reports.
• Communicate credit opinions to the public and market participants.

Benefits

• Retirement planning programs.
• Tuition reimbursement programs.
• Comprehensive healthcare offerings supporting physical, mental, financial, social, and occupational wellbeing.
• Global parental leave plan.
• Employee Resource Groups.
• Paid volunteer days.
• Matched funding for donations.
• Opportunities to volunteer in the community.
• Dedicated training, leadership development, and mentorship programs.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior