Vice President, Credit Ratings - CMBS/Real Estate

About the role

Morningstar DBRS is seeking a highly motivated individual, with a background in real estate finance and credit analysis, to join its Commercial Mortgage Backed Securities (CMBS) team. The successful candidate will mainly serve as a team manager and lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to have an advanced understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria. Primary Responsibilities Manage a team of analysts through the credit rating process on a variety of CMBS transactions, including SASB, Conduit, CRE-CLO, and Agency issuance. This position will serve as the main client contact on a prescribed set of transactions. Act as the lead analyst and manage the process of evaluating the transaction's credit risk, while adhering to the relevant rating methodology. Have a solid understanding of real estate classes covered and determine Morningstar DBRS stabilized cash flows of all major property types (multifamily, hotel, office, retail, MHC, self-storage) and a variety of loan sizes ($1 million to > $500+ million). For transitional properties, develop property cash flows that take into account the borrower's business plan, loan and reserve structure, track record and overall risk profile. Present and oversee credit recommendations to senior credit committee members. Lead in the completion of rating reports, press release, commentaries, presentations and industry reports. Assist with the publishing workflow, including required regulatory disclosures. Train and mentor staff. Lead client-communication through interacting with issuers, investors, and intermediaries. Adhere to compliance, regulatory and company policies and procedures. 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 $133,900.00-209,433.33 Inclusive of annual base salary and target incentive I f you receive and accept an offer from us, we require that personal and any related investments be disclosed co

Requirements

• Minimum 10 years of progressive experience in a Commercial Real Estate (CRE) related field, e.g. banking/lender, private credit, servicing, valuation services. Additional experience in capital markets, structured credit, securitizations, or CRE funds is preferred.
• Undergraduate degree in accounting, business, finance or other relevant discipline is preferred
• Strong analytical abilities and CRE credit experience.
• Demonstrated track record of managing and mentoring junior staff.
• 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

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