Assistant Vice President, European CMBS (Structured Finance & Securitisation Analyst Commercial Mortgage-Backed Securities)

About the role

Morningstar DBRS is seeking a highly motivated individual with a background in real estate finance and credit analysis to join its European Commercial Mortgage Backed Securities (CMBS) team in Madrid.

The successful candidate will mainly serve as lead analyst for Morningstar DBRS rated transactions or entities. They will have an advanced understanding of the European real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.

Responsibilities

• Act as the lead analyst and manage the process of rating EU CMBS transactions while maintaining compliance to the relevant rating methodology.
• Train and manage junior team members through the credit rating process on a variety of CMBS transactions.
• 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 L&I self-storage etc.) and a variety of loan sizes (EUR 1 million to > EUR 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.
• Lead client-communication through interacting with issuers investors and intermediaries.
• Adhere to compliance regulatory and company policies and procedures.

Requirements

• Minimum five 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.
• 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.
• This position requires occasional European travel

Base Salary Compensation Range

Bonus Target:

We expect the compensation and target bonus for this role to fall within the stated range. The specific compensation offered will depend on the candidates qualifications experience and other job-related factors.

Morningstars hybrid work environment gives you the opportunity to collaborate in-person each week as weve found that were at our best when were purposely together on a regular 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 youll have tools and resources to engage meaningfully with your global colleagues.