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Open nowPosted 27 days ago

North American CMBS Credit Ratings, Analyst – Chicago

Morningstar78 open roles

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Chicago
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Your applicationOpen nowNorth American CMBS Credit Ratings, Analyst – ChicagoMorningstar · Chicago
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The clock on this job

Early applications get read.

8.0% of postings close within 7 days. Measured by our own scanner across the market. Morningstar postings stay open a median of 3 days.

Share of postings closed within
  1. 1.6%1 day
  2. 3.6%3 days
  3. 8.0%7 days
  4. 15.0%14 days
  5. 34.2%30 days
This job: posted 27 days ago

Morningstar median: 3 days open

The posting

North American CMBS Credit Ratings, Analyst – Chicago

Morningstar DBRS CMBS New Issue Credit Ratings group is seeking a highly motivated individual to join the team as an Analyst in Chicago. The individual will 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.

Job Responsibilities:

  • Serve as backup analyst for CMBS transactions, while adhering to the relevant rating methodology.
  • Prepare underwriting templates for credit analysis of commercial real estate assets.
  • 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).
  • Review third-party reports including appraisals, property condition reports, environmental reports, seismic surveys, and other industry specialized reports.
  • Search and aggregate market data to be used in the credit analysis.
  • 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 and intermediaries.
  • Adhere to compliance, regulatory and company policies and procedures.
  • Provide support for mid- and senior-level analysts.
  • Maintain various transaction and loan tracking systems.
  • Perform property site visits in support of loan analysis.

Qualifications:

  • A bachelor’s degree is required, a major in finance or related field is preferred.
  • Advanced proficiency in Microsoft Excel.
  • Ability to travel 10-20%.
  • Excellent communication, writing, and presentation skills.
  • Detail-oriented self-starter with strong organization and time management skills.
  • Genuine interest in commercial real estate and structured finance.
  • Eagerness to learn and take on increasing responsibilities.
  • Possess and maintain a valid driver’s license.

About Us

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.

Compensation and Benefits

At Morningstar we believe people are at their best when they are at their healthiest. That’s why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

  • Financial Health 100% 401k match up to 6% of salary Stock Ownership Potential Company provided life insurance - 1x salary + commission
  • Physical Health 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
  • Emotional Health 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
  • Social Health Charitable Matching Gifts program Dollars for Doers volunteer program Paid volunteering days 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range

$73,650.00-90,466.66

Inclusive of annual base salary and target incentive

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.

Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues.

R06_DBRSInc DBRS, Inc. - US Legal Entity

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