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

About the role

Join a leadership team focused on strategic growth and innovation within the Commercial Real Estate (CRE) sector. Lead efforts to provide Fitch’s opinions and guidance to investors and market participants on North American Commercial Mortgage-Backed Securities (CMBS) transactions. Foster a collaborative and team-oriented work environment.

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
• 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

Requirements

• Bachelor’s degree, with a preference for an advanced degree in finance, real estate, or a related field
• More than eight years of experience in commercial real estate underwriting, valuation, structured finance, or related fields

Skills

• 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

Preferred Qualifications

• Extensive experience in securitization, structured finance, or capital markets is a significant advantage
• 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

Benefits

• Hybrid work environment: 3 days a week in office required based on your line of business and location
• A Culture of Learning & Mobility: Dedicated trainings, leadership development and mentorship programs designed to ensure continuous learning
• Investing in Your Future: Retirement planning and tuition reimbursement programs that empower you to achieve short and long-term goals
• Promoting Health & Wellbeing: Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies: Family-friendly policies, including a generous global parental leave plan, designed to help balance career and family life
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower colleagues around the globe

Pay

FOR NEW YORK: Expected base pay rates for the role are between $150,000 and $170,000 per year. Actual salaries will be determined on an individual basis and may vary based on factors including, but not limited to, education, training, experience, past performance, and other job-related considerations. Base pay is one component of Fitch’s total compensation package, which may also include commission earnings, discretionary bonuses, long-term incentives, and other benefits sponsored by Fitch, depending on the position.