North American CMBS Credit Ratings, Assistant Vice President – Chicago

Morningstar•Chicago, IL

1d•$105,050 - $149,000•Hybrid

About The Position

Morningstar DBRS is seeking a highly motivated individual, with an interest in real estate finance and credit analysis, to join its Commercial Mortgage-Backed Securities (CMBS) team as an Assistant Vice President in Chicago. The successful candidate will mainly serve as a support/ lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.

Requirements

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.

Responsibilities

Act as the lead analyst and manage the process of 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 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 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.
Assist with training junior staff.
Develop client-communication skills through interacting with issuers, investors, and intermediaries.
Adhere to compliance, regulatory and company policies and procedures.

Benefits

100% 401k match up to 6% of salary
Stock Ownership Potential
Company provided life insurance - 1x salary + commission
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 annual
Company-provided long- and short-term disability insurance
Trust-Based Time Off
6-week Paid Sabbatical Program
6-Week Paid Family Caregiving Leave
Competitive 8-24 Week Paid Parental Leave
Adoption Assistance
Leadership Coaching & Formal Mentorship Opportunities
Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
Tuition Reimbursement
Charitable Matching Gifts program
Dollars for Doers volunteer program
Paid volunteering days
15+ Employee Resource & Affinity Groups