Vice President, Corporate Real Estate Ratings - North America

Morningstar • Toronto, ON

4d • Hybrid

About The Position

The North American Corporate Real Estate Ratings team of Morningstar DBRS is seeking a highly motivated individual with a minimum of eight years of relevant experience in corporate credit analysis, research, or investment banking and a strong understanding of the Canadian real estate sector to join the team in Toronto as a Vice President. Working closely with the Managing Director, Sector Lead, and other members of the Real Estate group, the successful candidate will be primarily responsible for new coverage (public and private) of the Canadian real estate sector and maintaining existing coverage of Canadian real estate mandates. This highly visible role involves assessing the creditworthiness of a new and existing portfolio of real estate entities, including real estate investment trusts, real estate operating companies, pension plan owned real estate entities, and real estate funds.

Requirements

• Minimum of eight years of experience in credit, finance and/or banking within the financial services and real estate industries.
• Expert knowledge of Canadian commercial real estate industries and challenges facing companies in different real estate segments and geographies.
• In-depth understanding of legal documentation associated with real estate transactions.
• Strong financial statement analytical abilities with solid knowledge of IFRS and working knowledge of US GAAP accounting as it relates to real estate.
• Strong research skills and attention to detail.
• Excellent communication skills, both verbal and written.
• Self-starter and team player with demonstrated ability to work in a fast-paced environment.
• Travel is required.
• Bachelor’s degree (relevant discipline) with a professional designation or a master’s degree required.

Nice To Haves

• Completion of the CFA program would be considered favourably.

Responsibilities

• Lead new and/or assume lead coverage of a broad range of real estate entities.
• Contribute to new and existing rating assignments, both in Canada and the US.
• Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations.
• Review of legal documentation related to credit analysis.
• Prepare rating committee materials and lead rating committee presentations.
• Produce timely, high-quality rating reports, press releases and commentaries on rated entities and industry sector research.
• Contribute to the development and refinement of existing and new rating methodologies.
• Contribute to the development and mentoring of junior analysts.
• Develop and solidify relationships with issuers, investors, intermediaries, and other stakeholders.
• Speak and participate at conferences, including industry and debt capital market events.
• Adhere to rigorous regulatory requirements and Morningstar DBRS policies and procedures, which include detailed record-keeping, training, and compliance.

Benefits

• Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week.
• A range of other benefits are also available to enhance flexibility as needs change.
• No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

What This Job Offers

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