About the Role
The North American Corporate Real Estate Ratings team is seeking a Vice President with a minimum of eight years of relevant experience in corporate credit analysis, research, or investment banking and a strong understanding of the Canadian real estate sector. This role involves assessing the creditworthiness of real estate entities and maintaining existing coverage of Canadian real estate mandates.
Responsibilities
- Lead new and/or assume lead coverage of a broad range of real estate entities.
- Contribute to new and existing rating assignments, both in Canada and the US.
- Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations.
- Review of 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 research.
- Contribute to the development and refinement of existing and new rating methodologies.
- Contribute to the development and mentoring of junior analysts.
- Develop and solidify relationships with issuers, investors, intermediaries, and other stakeholders.
- Speak and participate at conferences, including industry and debt capital market events.
- Adhere to rigorous regulatory requirements and Morningstar DBRS policies and procedures, which include detailed record-keeping, training, and compliance.
Requirements
- Minimum of eight years of experience in credit, finance and/or banking within the financial services and real estate industries.
- Expert knowledge of Canadian commercial real estate industries and challenges facing companies in different real estate segments and geographies.
- In-depth understanding of legal documentation associated with real estate transactions.
- Strong financial statement analytical abilities with solid knowledge of IFRS and working knowledge of US GAAP accounting as it relates to real estate.
- Strong research skills and attention to detail.
- Excellent communication skills, both verbal and written.
- Self-starter and team player with demonstrated ability to work in a fast-paced environment.
- Travel is required.
- Bachelor’s degree (relevant discipline) with a professional designation or a master’s degree required.
- Completion of the CFA program would be considered favourably.
Skills
- Corporate credit analysis
- Research
- Investment banking
- Canadian real estate sector
- Creditworthiness assessment
- Financial statement analysis
- IFRS
- US GAAP
- Legal documentation review
- Rating committee presentations
- Rating reports
- Press releases
- Commentaries
- Rating methodologies
- Mentoring
- Relationship development
- Public speaking
- Regulatory compliance
- Record-keeping
- Training
Location
- Toronto
Work Type
- Hybrid
Experience Level
- Minimum of eight years of relevant experience
- Vice President
Education Level
- Bachelor’s degree (relevant discipline) with a professional designation or a master’s degree
- CFA program completion considered favourably
Benefits
- A range of other benefits are also available to enhance flexibility as needs change.
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.
- Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.
- Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry.
- Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require.
- Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service.
- Morningstar DBRS is the next generation of credit ratings.
