The individual must be able to work in a fast-paced environment, be analytical and highly attentive to detail. The candidate will be highly poised and possess excellent interpersonal and presentation skills. In addition, candidates must 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 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 credit worthiness of multi-borrower transactions as well as single-borrower transactions.
- Determine DBRS stabilized net cash flows for all property types, a variety of loan sizes ($2 million to >$1 billion) and unique loan structures including holdbacks and future funding components based on property performance and market dynamics.
- Conduct site inspections of all major commercial real estate property types throughout US.
- Compose and review detailed committee memos as well as published Presale and rating reports containing the culmination of research and DBRS analysis and opinions.
- Present loan level analysis and quantitative results and provide recommendations to the credit committee.
- Conduct market research and financial analysis to develop reports for DBRS published research, investor meetings and conferences.
- Respond to client and colleague inquiries regarding methodologies, transaction analysis and research.
Qualifications
- The successful candidate will have at least 7 to 10 years of experience in a commercial real estate finance related field.
- The analyst should hold a degree in finance, real estate or a related area.
- Advanced degree or CFA is a plus
Morningstar's hybrid work environment gives you the opportunity to work remotely and collaborate in-person each week. We've found that we're at our best when we're purposely together on a regular basis, at least three days 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.
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Morningstar Compensation & Benefits Highlights
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Leave & Time Off Breadth — Time away options include a paid six‑week sabbatical every four years and flexible time off in North America, with broad usage reported in 2024. Feedback suggests these programs are a distinctive strength by market standards.
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Parental & Family Support — A global minimum beginning in 2025 provides at least 16 weeks paid leave for primary caregivers and up to 8 weeks for secondary caregivers, plus at least 6 weeks paid caregiving leave. This breadth positions family support as a clear pillar of the package.
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Equity Value & Accessibility — An optional Shared Ownership program lets employees direct part of a bonus into RSUs with a 50% company match. This structure adds a notable long‑term ownership component to total rewards.
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