Senior Analyst, Credit Ratings, NA CMBS
About the Role:
The DBRS Morningstar CMBS New Issue Ratings team is seeking a Senior Analyst to support the analytical team in the credit risk assessment of commercial real estate loans and securitized products. In this position, the successful applicant will assist with various aspects of the ratings process, including reviewing third party data, conducting property and loan analysis, writing Asset Summary Reports, and supporting research and database projects.
DBRS Morningstar is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). DBRS Morningstar has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.
This role is based in Chicago.
- Act as the lead analyst and manage the process of rating US CMBS transactions while maintaining compliance with DBRS Policies and Procedures.
- Determine DBRS stabilized net cash flows for all property types, a variety of loan sizes ($2 million to >$1 billion) and unique loan structures including holdbacks and future funding components based on property performance and market dynamics.
- Conduct market research and financial analysis for rating committees, investor meetings and conferences.
- Conduct site inspections of all major property types on a nationwide basis. 10%-20% domestic travel is required.
- Compose detailed Presale reports distributed to investors containing the culmination of research and analysis.
- Provide credit analysis and use quantitative models to assess credit worthiness for multi-loan pooled transactions as well as single-borrower transactions.
- Present loan level analysis, quantitative results and provide recommendations to the credit committee.
- Conduct research and prepare market research updates for investors and assist with presentations to be delivered at industry conferences.
- Respond to client and colleague inquiries regarding methodologies, analysis and research.
- Serve as a mentor for junior members of the team.
- Minimum of 1 year of experience in a commercial real estate finance related field.
- Bachelor’s degree in finance, real estate or a related area.
- Self-starter and team player with demonstrated ability to work in a fast-paced environment.
- Has an analytical mindset, strong attention to detail and operates in an organized manner.
- Highly poised and possesses excellent interpersonal and presentation skills.
- High degree of proficiency in Excel as well as the intellectual curiosity to develop new applications and to perform complex analyses.
- Well-developed writing and verbal communication skills.
- Passionate about a hobby or an activity outside of work.
- Possesses all necessary documents for domestic travel.
DBRS Morningstar is a global credit ratings business, currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.
DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes.
DBRS Morningstar rates more than 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar’s approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.
If you received and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker.