Vice President, Credit Ratings - CMBS/Real Estate

· Remote

Location

Remote

Type

Full Time

Job Description

Vice President Credit Ratings - CMBS/Real Estate

Posted 5 Hours Ago
Be an Early Applicant
Chicago IL USA
Hybrid
134K-247K Annually
Expert/Leader
Artificial Intelligence • Big Data • Enterprise Web • Fintech • Software • Financial Services
Empowering Investor Success
The Role
Lead the CMBS team by managing analysts evaluating credit risks presenting recommendations and ensuring adherence to methodologies in commercial real estate.
Summary Generated by Built In
Summary:
Morningstar DBRS is seeking a highly motivated individual with a background in real estate finance and credit analysis to join its Commercial Mortgage Backed Securities (CMBS) team. The successful candidate will mainly serve as a team manager and lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to have an advanced understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.
Primary Responsibilities
  • Manage a team of analysts through the credit rating process on a variety of CMBS transactions including SASB Conduit CRE-CLO and Agency issuance. This position will serve as the main client contact on a prescribed set of transactions.
  • Act as the lead analyst and manage the process of evaluating the transaction's credit risk while adhering to the relevant rating methodology.
  • 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 MHC self-storage) and a variety of loan sizes ($1 million to > $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.
  • Train and mentor staff.
  • Lead client-communication through interacting with issuers investors and intermediaries.
  • Adhere to compliance regulatory and company policies and procedures.

Requirements
  • Minimum 10 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.
  • Ability to travel 10-20% domestically/ North America
  • Possess and maintain a valid driver's license and passport

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 4000 issuers and 60000 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.
Compensation and Benefits
At Morningstar we believe people are at their best when they are at their healthiest. That's why we champion your wellness through a wide range of programs that support all stages of your personal and professional life. Here are some examples of the offerings we provide:
  • Financial Health
    • 100% 401k match up to 6% of salary
    • Stock Ownership Potential
    • Company provided life insurance - 1x salary + commission
  • Physical Health
    • Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company-provided HSA contributions (up to $500-$2000 annually) for specific plans and coverages
    • Additional medical Wellness Incentives - up to $300-$600 annual
    • Company-provided long- and short-term disability insurance
  • Emotional Health
    • Trust-Based Time Off
    • 6-week Paid Sabbatical Program
    • 6-Week Paid Family Caregiving Leave
    • Competitive 8-24 Week Paid Parental Leave
    • Adoption Assistance
    • Leadership Coaching & Formal Mentorship Opportunities
    • Annual Flex Stipend - $1000 annually to cover personal education & well-being expenses
    • Tuition Reimbursement
  • Social Health
    • Charitable Matching Gifts program
    • Dollars for Doers volunteer program
    • Paid volunteering days
    • 15+ Employee Resource & Affinity Groups

Total Cash Compensation Range
$133900.00 - 247200.00 USD Annual
Inclusive of annual base salary and target incentive
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. 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.
R06_DBRSInc DBRS Inc. - US Legal Entity

Top Skills

Cmbs
Credit Analysis
Real Estate Finance
Structured Finance

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The Company
HQ: Chicago IL
11500 Employees
Year Founded: 1984

What We Do

At Morningstar we believe in building great products in-house in a highly collaborative agile environment where we focus on technical excellence the user experience and continuous improvement. Our technologists represent a range of skills and experience levels but they all view their work as a craft and push technology’s boundaries.

Why Work With Us

Imagining big things is in our blood -- it's transformed us from a company with just a few employees in 1984 to a leading independent investment research company with a worldwide presence today. As of April 2020 we acquired Sustainalytics to drive long-term meaningful outcomes for investors in the ESG space. Join us on this exciting journey!

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Date Posted

04/02/2026

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