Structured Finance - Commercial-Backed Securities, Senior Analyst - Chicago

About the Role

Fitch Ratings is seeking a Senior Analyst to join the Commercial Mortgage-Backed Securities (CMBS) group in New York or Chicago. The role involves performing commercial real estate (CRE) analysis on securities loans, providing Fitch’s opinions and perspectives to investors and market participants on all North American CMBS transactions, and working in a team‑oriented environment.

Responsibilities

• Identify and assess credit strengths and risks of commercial real estate properties and related loan structures in U.S. and Canadian CRE markets, including property cash‑flow underwriting and valuations.
• Use quantitative skills to analyze property and loan‑level characteristics and industry trends.
• Communicate rating conclusions to the credit committee.
• Publish detailed transaction reports, rating commentaries, and research reports.

Requirements

• Bachelor’s degree.
• 2–3 years of experience in underwriting, valuing, or working out commercial real estate (excluding internships).
• Expertise in Microsoft Excel and Word.
• Strong analytical, quantitative, and organizational skills with the ability to multitask.
• Familiarity with commercial property types.
• Effective communication skills, including strong writing ability.
• Ability to shift fluidly between multiple projects as priorities change.

Preferred Qualifications

• Experience in securitization or capital markets.
• Loan workout and/or lending experience.

Skills

• Advanced Excel modeling.
• Professional document preparation in Word.
• Quantitative analysis and financial modeling.
• Credit risk assessment.
• Clear written and verbal communication.
• Project management and multitasking.

Benefits

• Hybrid work environment: three days per week in the office.
• Culture of learning and mobility with dedicated trainings, leadership development, and mentorship programs.
• Retirement planning and tuition reimbursement programs.
• Comprehensive healthcare covering physical, mental, financial, social, and occupational wellbeing.
• Generous global parental leave and family‑friendly policies.
• Inclusive workplace with Employee Resource Groups.
• Paid volunteer days and matched funding for charitable donations.

Pay

Expected base pay for New York is between $95,000 and $110,000 per year. Total compensation may include commission earnings, discretionary bonuses, long‑term incentives, and other benefits.