CMBS Surveillance Credit Ratings, Analyst – Chicago

Job 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

• The successful candidate will have 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.

Compensation And Benefits

• Total Compensation: $73,650-$90,467
• Career Development: Financial Health, Stock Ownership Potential, Company provided life insurance, Physical Health, Comprehensive health benefits, Emotional Health, Trust-Based Time Off, Leadership Coaching & Formal Mentorship Opportunities, Annual Flex Stipend, Dollars for Doers volunteer program, Paid volunteering days, Employee Resource & Affinity Groups
• Work Environment: Hybrid work environment with four days in-office each week, Charitable Matching Gifts program, Tuition Reimbursement, Social Health, Volunteer opportunities