Vice President, Credit Ratings - CMBS/Real Estate

About the role

Morningstar DBRS is seeking a highly motivated individual with a background in real estate finance and credit analysis to join its Commercial Mortgage Backed Securities (CMBS) team. The successful candidate will primarily serve as a team manager and lead analyst for Morningstar DBRS rated transactions or entities.

Primary Responsibilities

• Manage a team of analysts through the credit rating process on a variety of CMBS transactions, including SASB, Conduit, CRE-CLO, and Agency issuance.
• Serve as the main client contact on a prescribed set of transactions.
• Act as the lead analyst and manage the process of evaluating the transaction’s credit risk, while adhering to the relevant rating methodology.
• Have a solid understanding of real estate classes covered and determine Morningstar DBRS stabilized cash flows of all major property types (multifamily, hotel, office, retail, MHC, self-storage) and a variety of loan sizes ($1 million to > $500+ million).
• For transitional properties, develop property cash flows that take into account the borrower’s business plan, loan and reserve structure, track record and overall risk profile.
• Present and oversee credit recommendations to senior credit committee members.
• Lead in the completion of rating reports, press release, commentaries, presentations and industry reports.
• Aid with the publishing workflow, including required regulatory disclosures.
• Train and mentor staff.
• Lead client-communication through interacting with issuers, investors, and intermediaries.
• Adhere to compliance, regulatory and company policies and procedures.

Requirements

• Minimum 10 years of progressive experience in a Commercial Real Estate (CRE) related field, e.g. banking/lender, private credit, servicing, valuation services.
• Additional experience in capital markets, structured credit, securitizations, or CRE funds is preferred.
• Undergraduate degree in accounting, business, finance or other relevant discipline is preferred.
• Strong analytical abilities and CRE credit experience.
• Demonstrated track record of managing and mentoring junior staff.
• Strong communication skills, both oral and written.
• Self-starter and strong team player, with the ability to meet deadlines while producing high quality work.
• Genuine interest in commercial real estate and structured finance.
• Ability to travel 10-20% domestically/ North America.
• Possess and maintain a valid driver’s license and passport.