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For Companies At a Glance
- Tasks: Lead analyst for US CMBS transactions, ensuring compliance and conducting detailed financial analyses.
- Company: Join a dynamic team at Morningstar, a leader in financial services and analytics.
- Benefits: Enjoy a hybrid work environment with remote options and additional flexibility perks.
- Why this job: Be part of a fast-paced, analytical role that impacts the commercial real estate market.
- Qualifications: 7-10 years in commercial real estate finance; degree in finance or related field required.
- Other info: Opportunity to engage with global colleagues and develop new applications in credit ratings.
The predicted salary is between 43200 - 72000 £ per year.
About the Role
The individual must be able to work in a fast-paced environment, be analytical, and highly attentive to detail. The candidate should be poised, possess excellent interpersonal and presentation skills, and be proficient in Excel. Additionally, they should have the intellectual curiosity to develop new applications and perform complex analyses. Well-developed business writing skills are also required. This position is based in Chicago or Toronto.
Responsibilities
- Act as the lead analyst and manage the process of rating US CMBS transactions while maintaining compliance with DBRS Policies and Procedures.
- Obtain a solid understanding of DBRS quantitative models to assess the creditworthiness of multi-borrower and single-borrower transactions.
- Determine DBRS stabilized net cash flows for various property types, loan sizes ($2 million to >$1 billion), and structures including holdbacks and future funding based on property performance and market dynamics.
- Conduct site inspections of major commercial real estate properties across the US.
- Compose and review detailed committee memos and published reports such as Presale and rating reports that summarise research, analysis, and opinions.
- Present loan-level analysis, quantitative results, and recommendations to the credit committee.
- Conduct market research and financial analysis to develop reports for research publications, investor meetings, and conferences.
- Respond to inquiries from clients and colleagues regarding methodologies, transaction analysis, and research.
Qualifications
- At least 7 to 10 years of experience in a commercial real estate finance-related field.
- Degree in finance, real estate, or a related field; an advanced degree or CFA is a plus.
Morningstar offers a hybrid work environment with remote work options and in-person collaboration at least three days a week. Additional benefits are available to support flexibility. Tools and resources are provided to facilitate engagement with global colleagues.
Assistant Vice President, Credit Ratings, CMBS employer: Morningstar, Inc.
Contact Detail:
Morningstar, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Assistant Vice President, Credit Ratings, CMBS
✨Tip Number 1
Familiarise yourself with DBRS's quantitative models and methodologies. Understanding these will not only help you in interviews but also demonstrate your proactive approach to the role.
✨Tip Number 2
Network with professionals in the commercial real estate finance sector. Attend industry events or webinars to connect with potential colleagues and gain insights into the latest trends and challenges in CMBS.
✨Tip Number 3
Brush up on your Excel skills, especially in financial modelling and data analysis. Being proficient in Excel is crucial for this role, so consider taking an online course if you need a refresher.
✨Tip Number 4
Prepare to discuss your experience with site inspections and market research. Be ready to share specific examples of how you've conducted analyses and presented findings in previous roles.
We think you need these skills to ace Assistant Vice President, Credit Ratings, CMBS
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in commercial real estate finance. Emphasise your analytical skills, attention to detail, and any specific projects that demonstrate your ability to manage complex analyses.
Craft a Strong Cover Letter: In your cover letter, express your intellectual curiosity and how it aligns with the role. Mention your proficiency in Excel and provide examples of how you've used it in past roles to support your analyses.
Showcase Business Writing Skills: Since well-developed business writing skills are crucial for this position, include samples of your written work if possible. This could be reports, memos, or any documentation that showcases your ability to communicate complex information clearly.
Prepare for Interviews: If you get called for an interview, be ready to discuss your experience with CMBS transactions and your approach to conducting market research. Prepare to present your analysis and recommendations as you would to a credit committee.
How to prepare for a job interview at Morningstar, Inc.
✨Showcase Your Analytical Skills
Given the analytical nature of the role, be prepared to discuss specific examples where you've successfully conducted complex analyses. Highlight your experience with quantitative models and how you've applied them in past roles.
✨Demonstrate Attention to Detail
This position requires a high level of detail orientation. During the interview, mention instances where your attention to detail made a significant impact on a project or outcome. Bring along any relevant reports or memos you've created to showcase your writing skills.
✨Prepare for Technical Questions
Expect questions related to credit ratings, cash flow assessments, and commercial real estate finance. Brush up on your knowledge of DBRS policies and procedures, as well as current market dynamics that could affect CMBS transactions.
✨Practice Your Presentation Skills
Since you'll need to present findings to the credit committee, practice articulating your analysis clearly and confidently. Consider doing mock presentations with friends or colleagues to refine your delivery and receive constructive feedback.
