CMBS Surveillance Credit Ratings, Analyst – Chicago

About the role

The position is responsible for rating and monitoring bonds secured by commercial real estate loans. The role will focus on conducting analysis at the collateral and transaction level as part of annual and event-driven reviews for the transactions in the Morningstar DBRS rated CMBS book, which includes a variety of transaction types, including Multi-Borrower Conduit, Single-Asset/Single-Borrower and CRE CLO transactions.

Responsibilities

• Obtain a solid understanding of methodologies, models, criteria and other analytical tools to assess the credit worthiness of the various transaction types within the Morningstar DBRS rated CMBS book, including Multi-Borrower, Single-Borrower/Single Asset and CRE CLO transactions.
• As a lead analyst, run point on completing surveillance reviews of Morningstar DBRS-rated CMBS transactions. This work will involve analyzing property-level documents (operating statements, rent rolls and property inspections) for the underlying collateral and collateral and bond level reporting provided by the transaction parties.
• Communicate with third parties, such as servicers and other information providers, to obtain collateral updates.
• Compile rating committee documents and present analysis and recommendations to rating committee voters.
• Draft press releases and rating letters which effectively communicate the Morningstar DBRS credit view and ratings rationale.
• Work with senior reviewers within the North American CMBS Surveillance team and the publishing group to finalize drafts and release documents in a timely manner.
• Assist in the composition of surveillance reports and market and industry commentaries for investors and conference audiences.
• Perform analysis for newly-contributed loans for the Morningstar DBRS CRE CLO rated book, as needed. This work will require an understanding of Morningstar DBRS Commercial Real Estate Property Analysis Criteria and other criteria and methodologies.
• Some travel (5-10%) may be required.

Qualifications

• 1-2 years of commercial real estate experience and possess a degree in finance, real estate or a related area.
• The individual must be able to work in a multi-faceted capacity, be analytical and highly attentive to detail.
• The candidate will be highly poised and possess excellent interpersonal and presentation skills.
• Possess a high degree of proficiency in Excel as well as the intellectual curiosity to develop new applications and to perform complex analyses.
• Well-developed writing skills are also required.

Benefits

Morningstar DBRS offers a comprehensive range of benefits designed to support your overall well-being and career growth. These include:

• Financial Health: 100% 401k match up to 6% of salary
• Stock Ownership Potential
• 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
• Emotional Health: 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
• Social Health: Charitable Matching Gifts program, Dollars for Doers volunteer program, Paid volunteering days, 15+ Employee Resource & Affinity Groups

Compensation

Total Cash Compensation Range: $73,650.00-90,466.66 Inclusive of annual base salary and target incentive