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

Fitch Group•Chicago, IL

7d•Hybrid

About The Position

Fitch Ratings is seeking a Director to join the Commercial Mortgage-Backed Securities (CMBS) group. This role involves leading efforts to provide Fitch’s opinions and guidance to investors and market participants on North American Commercial Mortgage-Backed Securities (CMBS) transactions. The position fosters a collaborative and team-oriented work environment, focusing on strategic growth and innovation within the Commercial Real Estate (CRE) sector.

Requirements

Bachelor’s degree (preference for advanced degree in finance, real estate, or related field).
More than eight years of experience in commercial real estate underwriting, valuation, structured finance, or related fields.
Familiarity with data center transactions and an interest in the technology and infrastructure fundamentals shaping the sector.
Strong cash flow modeling skills, including the ability to analyze complex cash flow waterfalls and financing structures.
Strong leadership skills with a proven track record of managing and developing high-performing teams.
Advanced expertise in Excel, Word, and financial modeling.
Strong analytical, quantitative, and organizational skills, with the ability to manage multiple priorities.
Creative, solutions-oriented mindset to understanding complex transaction structures and improving analytical processes.
Exceptional communication skills, including the ability to write clearly and persuasively.

Nice To Haves

Extensive experience in securitization, structured finance, or capital markets.
Direct experience analyzing data center, digital infrastructure, or technology-related real estate transactions.
Proven experience in loan workouts and/or lending.
Demonstrated ability to influence and collaborate with senior stakeholders and clients.

Responsibilities

Lead the assessment of credit strengths and risks of commercial real estate properties and related loan structures in the U.S. and Canadian markets.
Provide added value in the ability to evaluate data center transactions and other complex real estate financings, incorporating an understanding of the technology-sector fundamentals driving demand and growth.
Oversee and enhance property cash flow underwriting, valuation analyses, and cash flow waterfall modeling.
Guide the team in using quantitative analyses to evaluate property- and loan-level characteristics, transaction structures, industry trends, and downside scenarios.
Apply creativity and sound credit judgment to analyze complex structures and develop efficient, practical analytical solutions.
Present and communicate complex rating conclusions to senior credit committees and stakeholders.
Drive the publication of comprehensive transaction reports, rating commentaries, and research publications.