Vice President Credit Ratings Real Estate CMBS

Summary

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.

Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highestquality ratings securities research monitoring services operational risk assessments data and technology solutions.

Primary Responsibilities

• Manage a team of analysts through the credit rating process on a variety of CMBS transactions including SASB Conduit CRECLO 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 transactions 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 selfstorage) and a variety of loan sizes $1 million to > $500 million). For transitional properties develop property cash flows that take into account the borrowers 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 clientcommunication through interacting with issuers investors and intermediaries.

• Adhere to compliance regulatory and company policies and procedures.

Requirements

• Seven to ten 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. Selfstarter 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 1020 domestically/ North America
• Possess and maintain a valid drivers license and passport

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 4000 issuers and 60000 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 muchneeded 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 techforward 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. Thats why we champion your wellness through a widerange of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:

• Financial Health
  • 75 401k match up to 7
  • Stock Ownership Potential
  • Company provided life insurance 1x salary commission

• Physical Health
  • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and companyprovided HSA contributions (up to $500$2000 annually) for specific plansand coverages
  • Additional medical Wellness Incentives up to $300$600 annual
  • Companyprovided long and shortterm disabilityinsurance

• Emotional Health
  • TrustBased Time Off
  • 6week Paid Sabbatical Program
  • 6Week Paid Family Caregiving Leave
  • Competitive 824 Week Paid Parental Bonding Leave
  • Adoption Assistance
  • Leadership Coaching & Formal MentorshipOpportunities
  • Annual Education Stipend
  • Tuition Reimbursement

• Social Health
  • Charitable Matching Gifts program
  • Dollars for Doers volunteer program
  • Paid volunteering days
  • 15 Employee Resource & Affinity Groups

Base Salary Compensation Range

Total Cash Compensation Range

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.

Morningstars hybrid work environment gives you the opportunity to work remotely and collaborate inperson each week. While some positions are available as fully remote weve found that were at our best when were purposely together on a regular basis typically three days each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are youll have tools and resources to engage meaningfully with your global colleagues.