Assistant Vice President - Real Estate

About the Role

• The Real Estate team of DBRS Morningstar is seeking a highly motivated individual with a minimum of five years of relevant experience in corporate credit analysis, research, or investment banking and a strong understanding of the Canadian real estate sector to join the team in Toronto as an Assistant Vice President.
• Working closely with the Managing Director and the other members of the Real Estate group, the successful candidate will be responsible for maintaining market-leading coverage of the Canadian real estate sector. The role involves assessing the creditworthiness of an existing portfolio of real estate companies, include: real estate investment trusts, real estate operating companies, and pension plan owned real estate entities, and over time working on new rating mandates.
• This position reports to the Managing Director of Real Estate & Public Finance.

Job Responsibilities

• Assist with existing coverage of a broad range of real estate entities and contribute to new rating assignments.
• Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations.
• Review legal documentation related to credit analysis.
• Prepare rating committee materials and lead rating committee presentations.
• Produce timely, high-quality rating reports, press releases and commentaries on rated entities and industry sector trends.
• Contribute to the development and refinement of existing rating methodologies.
• Mentor junior analysts.
• Develop relationships with issuers, investors, intermediaries, and other stakeholders.
• Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with DBRS Morningstar policies and procedures.

Qualifications

• Minimum of five years of relevant experience in real estate equity/debt research, credit, finance, banking and/or consulting within the real estate industry, preferably across a wide range of property types.
• Demonstrated knowledge of the Canadian commercial real estate industry, including strengths and challenges facing companies in different real estate asset classes and geographies.
• Solid knowledge of IFRS accounting as it relates to real estate.
• Strong research and analytical skills, with a thorough attention to detail.
• Effective communication skills, both oral and written.
• Strong inter-personal skills.
• Self-starter and strong team player, with the ability to meet deadlines while maintaining attention to detail and producing high quality work.
• Travel is required.
• Bachelor’s and/or Master’s degree in commerce, business, economics, or other relevant discipline.
• Completion of CFA program is preferred.
• Advanced knowledge of Microsoft Excel
• Bloomberg skills

Nice to have

CFA and/or CPA designations would be considered definite assets. Understanding of legal documentation associated with real estate transactions would be an asset but not required.