CMBS Surveillance Credit Ratings, Analyst – Chicago at Morningstar | Ontario, CA | Rezi

CMBS Surveillance Credit Ratings, Analyst – Chicago at Morningstar

CMBS Surveillance Credit Ratings, Analyst – Chicago

Morningstar · Ontario, CA

1 weeks ago

CMBS Surveillance Credit Ratings, Analyst – Chicago

Morningstar · Ontario, CA

9 days ago
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About the Role

The Analyst position is responsible for rating and monitoring bonds secured by commercial real estate loans. The role will focus on conducting analysis at the collateral and transaction level as part of annual and event-driven reviews for the transactions in the Morningstar DBRS rated CMBS book. The individual will serve as a lead analyst, preparing the rating committee package and making regular presentations to rating committee voters, and will be responsible for drafting press releases for all ratings actions.

Responsibilities

  • Obtain a solid understanding of methodologies, models, criteria and other analytical tools to assess the credit worthiness of the various transaction types within the Morningstar DBRS rated CMBS book, including Multi-Borrower, Single-Borrower/Single Asset and CRE CLO transactions.
  • As a lead analyst, run point on completing surveillance reviews of Morningstar DBRS-rated CMBS transactions, analyzing property-level documents and bond level reporting.
  • Communicate with third parties, such as servicers and other information providers, to obtain collateral updates.
  • Compile rating committee documents and present analysis and recommendations to rating committee voters.
  • Draft press releases and rating letters which effectively communicate the Morningstar DBRS credit view and ratings rationale.
  • Work with senior reviewers and the publishing group to finalize drafts and release documents in a timely manner.
  • Assist in the composition of surveillance reports and market and industry commentaries for investors and conference audiences.
  • Perform analysis for newly-contributed loans for the Morningstar DBRS CRE CLO rated book, as needed.
  • Assist with the analysis for newly-issued Morningstar DBRS-rated CMBS transactions in Canada, performing site inspections and completing other levels of analysis for loans in those pools.
  • Some travel (5-10%) may be required.

Requirements

  • 1-2 years of commercial real estate experience.
  • The individual must be able to work in a multi-faceted capacity, be analytical and highly attentive to detail.
  • The candidate will be highly poised and possess excellent interpersonal and presentation skills.
  • Well-developed writing skills are also required.
  • All necessary documents are required for domestic and international travel.

Skills

  • Proficiency in Excel
  • Intellectual curiosity to develop new applications and perform complex analyses

Location

  • Chicago

Work Type

  • Hybrid

Experience Level

  • 1-2 years

Education Level

  • Degree in finance, real estate or a related area

Salary/Compensations

  • $73,650.00-90,466.66

Benefits

  • 100% 401k match up to 6% of salary
  • Stock Ownership Potential
  • Company provided life insurance - 1x salary + commission
  • Comprehensive health benefits (medical/dental/vision)
  • Potential premium discounts
  • 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 Leave
  • Adoption Assistance
  • Leadership Coaching & Formal Mentorship Opportunities
  • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
  • Tuition Reimbursement
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15+ Employee Resource & Affinity Groups

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.

Equal Opportunity

  • If you receive 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.