Credit Analyst, North American CMBS
About the position Morningstar DBRS is seeking a highly motivated individual, with an interest in real estate finance and credit analysis, to join its Commercial Mortgage Backed Securities (CMBS) or Global Corporate Real Estate (GCRE) team as an Analyst. The successful candidate will mainly serve as a support analyst for lead analysts and team leads for Morningstar DBRS rated transactions or entities, including CMBS), real estate investment trust and real estate operating entities. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria. Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS 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.
Responsibilities
- Support the lead analysts in evaluating credit risk, while adhering to the relevant rating methodology.
- Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to > $100 million)
- Prepare/update spreadsheets on rated entities including historical information and financial projections.
- Search and aggregate market data to be used in the credit analysis.
- Track key economic and industry indicators and various asset class metrics.
- Review third-party reports including appraisals, property condition reports, environmental reports, and other industry specific reports.
- Contribute text and analysis for rating reports, press release, commentaries, presentations and industry reports under supervision of lead analysts.
- Assist with the preparation of rating committee materials and participate in Rating Committee meetings with guidance from the lead analysts.
- Assist with the publishing workflow, including regulatory disclosures.
- Develop a solid understanding of real estate asset classes covered.
- Develop client-communication skills through interacting with issuers, investors, and intermediaries.
- Adhere to compliance, regulatory and company policies and procedures.
Requirements
- Undergraduate degree in accounting, business, finance or other relevant discipline is preferred.
- Strong analytical abilities and knowledge of financial statements.
- Solid research and analytical skills, with acute attention to detail.
- 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.
Nice-to-haves
- Progress towards a CFA designation, advanced knowledge of Microsoft Excel, and Bloomberg and SNL skills.
Benefits
- 75% 401k match up to 7%
- Stock Ownership Potential
- Company provided life insurance - 1x salary + commission
- Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2,000 annually) for specific plans and coverages
- Additional medical Wellness Incentives - up to $300-$600 annual
- Company-provided long- and short-term disability insurance
- Trust-Based Time Off
- 6-week Paid Sabbatical Program
- 6-Week Paid Family Caregiving Leave
- Competitive 8-24 Week Paid Parental Bonding Leave
- Adoption Assistance
- Leadership Coaching & Formal Mentorship Opportunities
- Annual Education Stipend
- Tuition Reimbursement
- Charitable Matching Gifts program
- Dollars for Doers volunteer program
- Paid volunteering days
- 15+ Employee Resource & Affinity Groups
Apply tot his job Apply To this Job