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About the Role
The Commercial Mortgage Backed Securities (CMBS) Surveillance Credit Ratings Analyst will be responsible for rating and monitoring bonds secured by commercial real estate loans. This role involves conducting in-depth analysis of collateral and transactions for annual and event-driven reviews within the Morningstar DBRS rated CMBS portfolio.
Responsibilities
- Gain a thorough understanding of methodologies, models, criteria, and analytical tools to evaluate the creditworthiness of various CMBS transaction types.
- Lead surveillance reviews for Morningstar DBRS-rated CMBS transactions, analyzing property-level documents and bond-level reporting.
- Communicate with third parties, including servicers, to obtain necessary collateral updates.
- Prepare rating committee documents and present analysis and recommendations to rating committee voters.
- Draft press releases and rating letters to clearly communicate credit views and rating rationales.
- Collaborate with senior reviewers and the publishing group to finalize and release documents.
- Assist in creating surveillance reports and market commentaries for investors and conferences.
- Analyze newly-contributed loans for the Morningstar DBRS CRE CLO rated book, applying relevant criteria.
- Assist with the analysis of newly-issued Morningstar DBRS-rated CMBS transactions in Canada, including site inspections.
- Perform some travel, estimated at 5-10%.
Requirements
- 1-2 years of commercial real estate experience.
- Ability to work in a multi-faceted capacity.
- Strong analytical skills and high attention to detail.
- Poised demeanor with excellent interpersonal and presentation skills.
- High proficiency in Excel.
- Intellectual curiosity to develop new applications and perform complex analyses.
- Well-developed writing skills.
- Possession of all necessary documents for domestic and international travel.
Skills
- Excel
- Interpersonal skills
- Presentation skills
- Writing skills
- Analytical skills
Location
- Toronto
Work Type
- Hybrid
Experience Level
- 1-2 years
Education Level
- Degree in finance, real estate, or a related area
Benefits
- Opportunity to collaborate in-person weekly.
- Hybrid work model with four days in-office.
- Range of benefits to enhance flexibility.
About the Company
- Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally.
- It is one of the top four credit rating agencies in the world, rating over 4,000 issuers and 60,000 securities.
- The company empowers investor success by bringing transparency and diverse opinions to the credit rating industry.
- Morningstar DBRS is agile, tech-forward, and provides exceptional customer service.
- It is the next generation of credit ratings.
Equal Opportunity
- If an offer is accepted, personal and related investments must be disclosed confidentially to the Compliance team for review against Code of Ethics requirements.
- Conflicts of interest identified will require immediate liquidation of holdings.
- Certain employee accounts may need to be held with an approved broker, requiring holdings to be moved if not already compliant.