Morningstar Inc.
CMBS Surveillance Credit Ratings, Analyst – Toronto
Toronto · Junior
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About the role
- CMBS Surveillance Credit Ratings, Analyst - Toronto Morningstar DBRS is seeking a highly motivated individual to join its commercial mortgage backed securities (CMBS) group in Toronto as an Analyst.
- The position is responsible for rating and monitoring bonds secured by commercial real estate loans.
- Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world.
Responsibilities
- As a lead analyst, run point on completing surveillance reviews of Morningstar DBRS-rated CMBS transactions.
- This work will involve analyzing property-level documents (operating statements, rent rolls and property inspections) for the underlying collateral and collateral and bond level reporting provided by the transaction parties.
- Compile rating committee documents and present analysis and recommendations to rating committee voters.
- Work with senior reviewers within the North American CMBS Surveillance team and the publishing group to finalize drafts and release documents in a timely manner.
- Perform analysis for newly-contributed loans for the Morningstar DBRS CRE CLO rated book, as needed. This work will require an understanding of Morningstar DBRS Commercial Real Estate Property Analysis Criteria and other criteria and methodologies.
Requirements
- The successful candidate will have 1-2 years of commercial real estate experience and possess a degree in finance, real estate or a related area.
- The individual must be able to work in a multi-faceted capacity, be analytical and highly attentive to detail.
- Possess a high degree of proficiency in Excel as well as the intellectual curiosity to develop new applications and to perform complex analyses.
- Well-developed writing skills are also required.
- All necessary documents are required for domestic and international travel.
- If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately.
- 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.
- The candidate will be highly poised and possess excellent interpersonal and presentation skills.
Compensation
- 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, which includes a variety of transaction types, inclu
Company info
- 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.
- 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.
- 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.
- 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.
- 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.
- 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).
- 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.
- R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity
This listing is sourced directly from Morningstar Inc.'s careers page and normalized into a canonical job model.