Job Description

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. The successful candidate will mainly serve as trainer for junior team member and lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to 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 borrower's 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

Five to eight 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. 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

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 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 work remotely and collaborate in-person each week. While some positions are available as fully remote, we've found that we're at our best when we're 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, you'll have tools and resources to engage meaningfully with your global colleagues.


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