Morningstar – Assistant Vice President – Sovereign Credit Ratings (12 month contract) – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 18 Jul 2025 23:35:15 GMT

Job description: Morningstar DBRS’s Global Sovereign Ratings team is seeking an analyst with an interest in government finance and credit analysis, to join its team in Toronto. In this role, you will work closely with the Sector Lead and the other members of the Global Sovereign Ratings team, and the successful candidate will be responsible for the coverage of a broad group of Canadian public sector entities, such as municipalities, universities, hospitals, and other government-related entities. (This is for a 12 month contract. There may be opportunity to extend the contract or convert to a permanent position depending on business needs.)Primary Responsibilities

  • Assume coverage of existing public finance ratings, including municipal governments, universities, hospitals, and other government-related entities.
  • Perform issuer and industry research, financial statement analysis, assess issuer forecasts and management strategy to inform rating recommendations.
  • Produce timely, high-quality credit reports, press releases, and commentaries on rated entities and industry trends.
  • Interact with and maintain relationships with issuers, investors, and intermediaries.
  • Contribute to new rating assignments and to the refinement of research products and rating methodologies.
  • Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with Morningstar DBRS policies and procedures.

Requirements

  • Three to five years of finance experience, with a minimum of two years in a credit or financial analysis role.
  • Bachelor’s and/or Master’s degree in International Affairs; Economics; Finance; Public Policy; Public Administration; or another relevant discipline.
  • Knowledge of public sector entities and of the functioning of the various levels of Canadian governments.
  • Solid research and analytical skills, with a thorough attention to detail.
  • Strong communication skills, both oral and written.
  • Self-starter and strong team player, with the ability to meet deadlines while maintaining attention to detail and producing high quality work.
  • Ability to meet deadlines while producing high quality work.

French language skills and/or completion of the CFA program would be considered definite assets.(Note: The above is for an Assistant Vice President. A more junior candidate may be considered for a Senior Analyst role, with potentially less responsibilities)About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

Morningstar – Senior Analyst, Corporate Ratings – Diversified Industries – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Tue, 01 Jul 2025 22:32:50 GMT

Job description: The Role:Morningstar DBRS’s Corporate Ratings Diversified Industries team is seeking an analyst with strong analytical skills and a keen desire to learn. In this role, you will collaborate closely with seasoned senior analysts and participate in all aspects of the credit ratings process for corporate borrowers across a range of industries. These industries are covered under our Global Methodology for Rating Companies in Services Industries and Global Methodology for Rating Companies in Manufacturing and Production Industries, with borrowers domiciled in Canada, the United States, and other international markets.This position is based in our Toronto Canada office.Key Responsibilities:

  • Model and analyze historic and forecast financials for issuers in the Diversified Industries
  • Assess issuer’s business and industry risk, including ESG risks
  • Assist with the review of debt and other legal documents and evaluating corporate structures
  • Actively participate and present at rating committee
  • Draft and organize rating committee packages
  • Produce credit rating reports, press releases, research notes and industry studies
  • Attend discussions with capital market participants, including investors and issuer’s executive management teams
  • Ensure compliance with regulatory and company policies and procedures

Qualifications:

  • Bachelor’s degree in business, finance, economics, or other relevant discipline. Completion or partial completion of a professional designation, such as the CFA or CPA, viewed as an asset
  • 2 to 4 years of relevant experience in capital markets, with preference for experience in fundamental credit analysis
  • Very strong understanding of financial statement dynamics and accounting concepts, including U.S. GAAP and IFRS accounting rules
  • Exceptional quantitative and analytical skills, with a high attention to detail.
  • Strong organizational, multi-tasking, and time-management skills.
  • Strong inter-personal skills with a drive to make a meaningful contribution towards the team’s success
  • Highly skilled in the use of Microsoft Excel, Word and Power Point

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

DBRS Morningstar – Senior Analyst, Corporate Ratings – Diversified Industries – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Wed, 02 Jul 2025 06:22:27 GMT

Job description: The Role:Morningstar DBRS’s Corporate Ratings Diversified Industries team is seeking an analyst with strong analytical skills and a keen desire to learn. In this role, you will collaborate closely with seasoned senior analysts and participate in all aspects of the credit ratings process for corporate borrowers across a range of industries. These industries are covered under our Global Methodology for Rating Companies in Services Industries and Global Methodology for Rating Companies in Manufacturing and Production Industries, with borrowers domiciled in Canada, the United States, and other international markets.This position is based in our Toronto Canada office.Key Responsibilities:

  • Model and analyze historic and forecast financials for issuers in the Diversified Industries
  • Assess issuer’s business and industry risk, including ESG risks
  • Assist with the review of debt and other legal documents and evaluating corporate structures
  • Actively participate and present at rating committee
  • Draft and organize rating committee packages
  • Produce credit rating reports, press releases, research notes and industry studies
  • Attend discussions with capital market participants, including investors and issuer’s executive management teams
  • Ensure compliance with regulatory and company policies and procedures

Qualifications:

  • Bachelor’s degree in business, finance, economics, or other relevant discipline. Completion or partial completion of a professional designation, such as the CFA or CPA, viewed as an asset
  • 2 to 4 years of relevant experience in capital markets, with preference for experience in fundamental credit analysis
  • Very strong understanding of financial statement dynamics and accounting concepts, including U.S. GAAP and IFRS accounting rules
  • Exceptional quantitative and analytical skills, with a high attention to detail.
  • Strong organizational, multi-tasking, and time-management skills.
  • Strong inter-personal skills with a drive to make a meaningful contribution towards the team’s success
  • Highly skilled in the use of Microsoft Excel, Word and Power Point

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

DBRS Morningstar – Assistant Vice President, Credit Ratings – Project & Infrastructure Finance – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Thu, 12 Jun 2025 22:26:59 GMT

Job description: The Global Project Finance & Infrastructure Finance team is seeking a highly motivated individual, preferably with five to seven years of experience as a credit analyst with a background in project and infrastructure finance, to join its team of analysts in Toronto as an Assistant Vice President. Working closely with members of the team in New York and Toronto, the successful candidate will largely be responsible for supporting the Canadian based portfolio, which includes performing financial statement analysis, using financial models, drafting rating reports, compiling rating committee materials and having a well-developed understanding of the overall credit analysis process.About the RoleThe successful Candidate will work on a variety of transactions as a rating analyst, performing lead and supporting analyst responsibilities within project and infrastructure finance, including power and renewable energy (e.g. natural gas, wind, solar, hydro generation), digital infrastructure (e.g. data centers, telecommunications cell towers, fiber networks) and broader infrastructure assets (PPPs, toll roads, airports, ports and stadiums). The role involves performing contract documentation review, financial statement analysis, using financial models, drafting rating reports and press releases, compiling rating committee materials and publishing high quality and timely topical research.Responsibilities

  • Assist with covering the existing North American ratings portfolio as a rating analyst.
  • Attend issuer and investor meetings with the Sector Lead(s) in Project Finance and Infrastructure Finance and other lead analysts to gain exposure to the ratings portfolio and the analytical approach.
  • Build on existing knowledge of the industry and further expand the network.
  • Initially contribute to new rating assignments as a rating analyst supporting lead analysts and eventually act as a lead analyst on a variety of assets classes within the sector.
  • Produce timely, high-quality credit reports, research notes and commentaries on rated entities.
  • Manage extensive spreadsheets on rated entities.
  • Contribute to the development and maintenance of relationships with fixed-income investors.
  • Analytically support business development initiatives.
  • Contribute to the refinement of methodologies, research products and rating approaches.
  • Support the team on the delivery of timely and innovative topical research.

Qualifications

  • Five to seven years of experience as a financial analyst (preferably in credit), with a minimum of two years experience related to Project and Infrastructure Finance.
  • Degree in business, economics, commerce, engineering or a related discipline.
  • Solid research, analytical and financial modelling skills, with a high attention to detail.
  • Experience in reviewing financing agreements and legal contracts from a credit point of view.
  • Strong communication skills, both oral and written.
  • Self-starter and strong team player and a demonstrated ability to work in a fast-paced environment.
  • Completion of, or demonstrated progress towards the CFA program is preferred.
  • Experience in public-private partnerships and/or diversified industries (i.e. utilities, Independent Power Producers) is an asset.
  • Previous rating agency experience is an asset.

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

Morningstar – Assistant Vice President, Credit Ratings – Project & Infrastructure Finance – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 13 Jun 2025 03:31:20 GMT

Job description: The Global Project Finance & Infrastructure Finance team is seeking a highly motivated individual, preferably with five to seven years of experience as a credit analyst with a background in project and infrastructure finance, to join its team of analysts in Toronto as an Assistant Vice President. Working closely with members of the team in New York and Toronto, the successful candidate will largely be responsible for supporting the Canadian based portfolio, which includes performing financial statement analysis, using financial models, drafting rating reports, compiling rating committee materials and having a well-developed understanding of the overall credit analysis process.About the RoleThe successful Candidate will work on a variety of transactions as a rating analyst, performing lead and supporting analyst responsibilities within project and infrastructure finance, including power and renewable energy (e.g. natural gas, wind, solar, hydro generation), digital infrastructure (e.g. data centers, telecommunications cell towers, fiber networks) and broader infrastructure assets (PPPs, toll roads, airports, ports and stadiums). The role involves performing contract documentation review, financial statement analysis, using financial models, drafting rating reports and press releases, compiling rating committee materials and publishing high quality and timely topical research.Responsibilities

  • Assist with covering the existing North American ratings portfolio as a rating analyst.
  • Attend issuer and investor meetings with the Sector Lead(s) in Project Finance and Infrastructure Finance and other lead analysts to gain exposure to the ratings portfolio and the analytical approach.
  • Build on existing knowledge of the industry and further expand the network.
  • Initially contribute to new rating assignments as a rating analyst supporting lead analysts and eventually act as a lead analyst on a variety of assets classes within the sector.
  • Produce timely, high-quality credit reports, research notes and commentaries on rated entities.
  • Manage extensive spreadsheets on rated entities.
  • Contribute to the development and maintenance of relationships with fixed-income investors.
  • Analytically support business development initiatives.
  • Contribute to the refinement of methodologies, research products and rating approaches.
  • Support the team on the delivery of timely and innovative topical research.

Qualifications

  • Five to seven years of experience as a financial analyst (preferably in credit), with a minimum of two years experience related to Project and Infrastructure Finance.
  • Degree in business, economics, commerce, engineering or a related discipline.
  • Solid research, analytical and financial modelling skills, with a high attention to detail.
  • Experience in reviewing financing agreements and legal contracts from a credit point of view.
  • Strong communication skills, both oral and written.
  • Self-starter and strong team player and a demonstrated ability to work in a fast-paced environment.
  • Completion of, or demonstrated progress towards the CFA program is preferred.
  • Experience in public-private partnerships and/or diversified industries (i.e. utilities, Independent Power Producers) is an asset.
  • Previous rating agency experience is an asset.

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

Morningstar – Vice President, Global Insurance & Pension Ratings – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 30 May 2025 00:35:37 GMT

Job description: The Role:Morningstar DBRS is seeking an experienced Vice President to join the Insurance & Pensions Team in Toronto. The individual will have lead and backup analyst responsibilities on a portfolio of global life and P&C (re)insurance companies and Canadian public pension funds and assets managers. We are looking for highly motivated candidates who are self-starters, keen to learn and have a strong work ethic.Job responsibilities:

  • The successful candidate will be part of an experienced and growing team of professionals responsible for analyzing global (re)insurance companies and Canadian public pension funds and asset managers
  • The analyst’s primary responsibilities will be to act as a lead analyst in managing a portfolio of new and existing issuers, including ongoing analysis and surveillance, participate in rating committees and attend issuer meetings with C-level executives.
  • The analyst will also engage in producing high-quality and timely topical research while keeping abreast of industry trends.

Qualifications:

  • Undergraduate degree in business, finance or a closely related field
  • Master’s degree, actuarial, accounting and/or CFA designations are a plus
  • Minimum of seven years of experience in financial institutions’ credit analysis or directly related field
  • Excellent business writing and communication skills
  • Strong financial statement analytical abilities and spreadsheet skills
  • Good understanding of regulatory and accounting issues
  • Solid research and insightful analytical abilities, with great attention to detail and accuracy
  • Self-starter and strong team player with a sense of urgency and a demonstrated ability to work in a fast-paced environment.
  • Willingness to travel domestically and internationally as required
  • Ability to develop strong relationships with clients and investors

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

DBRS Morningstar – Vice President, Global Insurance & Pension Ratings – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 30 May 2025 05:08:41 GMT

Job description: The Role:Morningstar DBRS is seeking an experienced Vice President to join the Insurance & Pensions Team in Toronto. The individual will have lead and backup analyst responsibilities on a portfolio of global life and P&C (re)insurance companies and Canadian public pension funds and assets managers. We are looking for highly motivated candidates who are self-starters, keen to learn and have a strong work ethic.Job responsibilities:

  • The successful candidate will be part of an experienced and growing team of professionals responsible for analyzing global (re)insurance companies and Canadian public pension funds and asset managers
  • The analyst’s primary responsibilities will be to act as a lead analyst in managing a portfolio of new and existing issuers, including ongoing analysis and surveillance, participate in rating committees and attend issuer meetings with C-level executives.
  • The analyst will also engage in producing high-quality and timely topical research while keeping abreast of industry trends.

Qualifications:

  • Undergraduate degree in business, finance or a closely related field
  • Master’s degree, actuarial, accounting and/or CFA designations are a plus
  • Minimum of seven years of experience in financial institutions’ credit analysis or directly related field
  • Excellent business writing and communication skills
  • Strong financial statement analytical abilities and spreadsheet skills
  • Good understanding of regulatory and accounting issues
  • Solid research and insightful analytical abilities, with great attention to detail and accuracy
  • Self-starter and strong team player with a sense of urgency and a demonstrated ability to work in a fast-paced environment.
  • Willingness to travel domestically and internationally as required
  • Ability to develop strong relationships with clients and investors

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

Morningstar – Assistant Vice President, Credit Ratings, Energy & Natural Resources – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Sat, 05 Apr 2025 23:36:58 GMT

Job description: The Global Corporates Rating Group is seeking a highly motivated corporate credit rating analyst to join its team in Toronto as an Assistant Vice President.The successful candidate will be responsible for working on corporate credit ratings in the North American regulated utilities and independent power producer sectors. The position involves performing financial statement analysis, building financial forecasts, preparing rating committee materials and presenting recommended rating actions at rating committees, preparing and publishing press releases plus rating reports. Experience and knowledge of companies operating in the regulated utilities and independent power producer sectors would be a key asset.Job Responsibilities

  • Analyze and assess the credit worthiness of corporate issuers in the regulated utilities and independent power producer sectors.
  • Contribute and lead new rating assignments.
  • Communicate analytical findings and recommendations at rating committees.
  • Produce timely, high-quality rating reports, press releases, research notes and industry studies.
  • Participate and lead meetings with corporate issuers, investors and bankers.
  • Contribute to the development of research products and credit rating methodologies.

Qualifications

  • 4+ years of business experience in credit, financial services and/or with companies operating in the utilities and independent power producer sectors.
  • University degree in accounting, business, economics and/or engineering.
  • Skilled in the use of Microsoft Excel, Power Point and Word.
  • Solid analytical and financial modelling skills, with a high attention to detail.
  • Strong communication (verbal and written), presentation and interpersonal skills.
  • Team player with a demonstrated ability to work in a fast-paced environment.

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

DBRS Morningstar – Assistant Vice President, Credit Ratings, Energy & Natural Resources – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Sun, 06 Apr 2025 07:03:26 GMT

Job description: The Global Corporates Rating Group is seeking a highly motivated corporate credit rating analyst to join its team in Toronto as an Assistant Vice President.The successful candidate will be responsible for working on corporate credit ratings in the North American regulated utilities and independent power producer sectors. The position involves performing financial statement analysis, building financial forecasts, preparing rating committee materials and presenting recommended rating actions at rating committees, preparing and publishing press releases plus rating reports. Experience and knowledge of companies operating in the regulated utilities and independent power producer sectors would be a key asset.Job Responsibilities

  • Analyze and assess the credit worthiness of corporate issuers in the regulated utilities and independent power producer sectors.
  • Contribute and lead new rating assignments.
  • Communicate analytical findings and recommendations at rating committees.
  • Produce timely, high-quality rating reports, press releases, research notes and industry studies.
  • Participate and lead meetings with corporate issuers, investors and bankers.
  • Contribute to the development of research products and credit rating methodologies.

Qualifications

  • 4+ years of business experience in credit, financial services and/or with companies operating in the utilities and independent power producer sectors.
  • University degree in accounting, business, economics and/or engineering.
  • Skilled in the use of Microsoft Excel, Power Point and Word.
  • Solid analytical and financial modelling skills, with a high attention to detail.
  • Strong communication (verbal and written), presentation and interpersonal skills.
  • Team player with a demonstrated ability to work in a fast-paced environment.

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity

DBRS Morningstar – Analyst, Credit Ratings, North America CMBS – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 28 Feb 2025 04:48:27 GMT

Job description: The position is in the commercial mortgage-backed securities (CMBS) group in Toronto, which is responsible for rating and monitoring bonds secured by commercial real estate loans. 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 Morningstar DBRS’s rated CMBS book, which includes a variety of transaction types, including Multi-Borrower Conduit, Single-Asset/Single-Borrower and CRE CLO transactions. The individual will serve as a lead analyst, preparing the rating committee package and making regular presentations to rating committee voters, and will be responsible for drafting press releases for all ratings actions.Responsibilities:

  • Obtain a solid understanding of Morningstar DBRS’ methodologies, models, criteria and other analytical tools to assess the credit worthiness of the various transaction types within Morningstar DBRS’ rated CMBS book, including Multi-Borrower, Single-Borrower/Single Asset and CRE CLO transactions.
  • 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. Communicate with third parties, such as servicers and other information providers, to obtain collateral updates.
  • Compile rating committee documents and present analysis and recommendations to rating committee voters.
  • Draft press releases and rating letters which effectively communicate Morningstar DBRS credit view and ratings rationale. 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.
  • Assist in the composition of surveillance reports and market and industry commentaries for investors and conference audiences.
  • Perform analysis for newly-contributed loans for Morningstar DBRS CRE CLO rated book, as needed. This work will require an understanding of DBRS Morningstar’s Commercial Real Estate Property Analysis Criteria and other criteria and methodologies.
  • As needed, assist with the analysis for newly-issued Morningstar DBRS-rated CMBS transactions in Canada, performing site inspections and completing other levels of analysis for loans in those pools.
  • Some travel (5-10%) may be required.

Qualifications:

  • The successful candidate will have 1-2 years 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.
  • The candidate will be highly poised and possess excellent interpersonal and presentation skills.
  • 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.

About UsMorningstar 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.R08_DBRSLtdCanada DBRS Limited – Canada Legal Entity