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

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

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Fri, 28 Feb 2025 07:42:02 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

Morningstar – Assistant Vice President, Credit Ratings, Real Estate / CMBS – Toronto, ON

Company: Morningstar

Location: Toronto, ON

Expected salary:

Job date: Sat, 01 Mar 2025 05:59:34 GMT

Job description: SummaryMorningstar DBRS is seeking a highly motivated individual, with an interest in real estate finance and credit analysis, to join its Commercial Mortgage Backed Securities (CMBS) team as an Analyst. The successful candidate will mainly serve as a lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.Primary Responsibilities

  • Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology.
  • Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to

$100 million). * Prepare/update spreadsheets on properties and companies including historical information and financial projections.

  • Search and aggregate market data to be used in the credit analysis.
  • Track key economic and industry indicators and various asset class metrics.
  • Review third-party reports including appraisals, property condition reports, environmental reports, and other industry specific reports.
  • Contribute text and analysis for rating reports, press release, commentaries, presentations and industry reports under supervision of lead analysts.
  • Oversee the preparation of rating committee materials and participate in Rating Committee meetings.
  • Assist with the publishing workflow, including regulatory disclosures.
  • Have a solid understanding of real estate asset classes covered.
  • Delegate and oversee the completion of tasks.
  • Train and mentor junior staff.
  • Lead client-communication through interacting with issuers, investors, and intermediaries.
  • Adhere to compliance, regulatory and company policies and procedures.

Requirements

  • Four to five years of progressive experience in a commercial real estate related field
  • Undergraduate degree in accounting, business, finance or other relevant discipline is preferred
  • Strong analytical abilities and knowledge of financial statements
  • Solid research and analytical skills, with acute attention to detail.
  • 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 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, Real Estate / CMBS – Toronto, ON

Company: DBRS Morningstar

Location: Toronto, ON

Expected salary:

Job date: Sat, 01 Mar 2025 07:48:20 GMT

Job description: SummaryMorningstar DBRS is seeking a highly motivated individual, with an interest in real estate finance and credit analysis, to join its Commercial Mortgage Backed Securities (CMBS) team as an Analyst. The successful candidate will mainly serve as a lead analyst for Morningstar DBRS rated transactions or entities. The successful candidate will be expected to gradually develop a solid understanding of the US and Canadian real estate sectors and to acquire a broad understanding of the appropriate Morningstar DBRS rating methodologies and criteria.Morningstar DBRS is registered with the U.S. Securities and Exchange Commission as a nationally recognized statistical rating organization (NRSRO). Morningstar DBRS has earned a reputation for innovation and excellence in the structured finance market and aims to increase market transparency by providing the highest-quality ratings, securities research, monitoring services, operational risk assessments, data, and technology solutions.Primary Responsibilities

  • Act as the lead analyst and manage the process of evaluating credit risk, while adhering to the relevant rating methodology.
  • Determine Morningstar DBRS stabilized cash flows of all major property types (office, retail, multifamily, MHC, hotel, self-storage) and a variety of loan sizes ($1 million to

$100 million). * Prepare/update spreadsheets on properties and companies including historical information and financial projections.

  • Search and aggregate market data to be used in the credit analysis.
  • Track key economic and industry indicators and various asset class metrics.
  • Review third-party reports including appraisals, property condition reports, environmental reports, and other industry specific reports.
  • Contribute text and analysis for rating reports, press release, commentaries, presentations and industry reports under supervision of lead analysts.
  • Oversee the preparation of rating committee materials and participate in Rating Committee meetings.
  • Assist with the publishing workflow, including regulatory disclosures.
  • Have a solid understanding of real estate asset classes covered.
  • Delegate and oversee the completion of tasks.
  • Train and mentor junior staff.
  • Lead client-communication through interacting with issuers, investors, and intermediaries.
  • Adhere to compliance, regulatory and company policies and procedures.

Requirements

  • Four to five years of progressive experience in a commercial real estate related field
  • Undergraduate degree in accounting, business, finance or other relevant discipline is preferred
  • Strong analytical abilities and knowledge of financial statements
  • Solid research and analytical skills, with acute attention to detail.
  • 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 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