R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity
R08_DBRSLtdCanada DBRS Limited - Canada Legal EntityVerified Source

CMBS Surveillance Credit Ratings Analyst Chicago

Partially · Chicago, Illinois
Posted August 9, 2026
payroll

Overview

Morningstar DBRS seeks a highly motivated Analyst to join its Chicago commercial mortgage backed securities group. The role focuses on rating and monitoring bonds secured by commercial real estate loans across Multi-Borrower Conduit Single-Asset Single-Borrower and CRE CLO transactions. Candidates will lead surveillance reviews prepare rating committee packages and present findings. Travel between 5-10% may be required. This position differs by requiring hands-on analysis of collateral documents and active communication with third parties.

What You'll Do11

  • 1Obtain a solid understanding of methodologies models criteria and analytical tools to assess credit worthiness of transaction types including Multi-Borrower Single-Borrower and CRE CLO
  • 2Run point on completing surveillance reviews of Morningstar DBRS-rated CMBS transactions
  • 3Analyze property-level documents operating statements rent rolls and property inspections
  • 4Communicate with third parties servicers and information providers to obtain collateral updates
  • 5Compile rating committee documents and present analysis and recommendations
  • 6Draft press releases and rating letters communicating credit views and rationales
  • 7Work with senior reviewers to finalize drafts and release documents
  • 8Assist in composing surveillance reports and market commentaries for investors and conferences
  • 9Perform analysis for newly-contributed loans in the CRE CLO rated book
  • 10Conduct site inspections and complete analysis for newly-issued Morningstar DBRS-rated CMBS transactions in Canada
  • 11Travel 5-10% to client sites and conferences

Requirements8

  • 11-2 years commercial real estate experience degree in finance real estate or related field
  • 2Ability to work in multi-faceted capacity analytical and detail-oriented
  • 3High proficiency in Excel and developing new applications for complex analysis
  • 4Excellent writing skills and interpersonal abilities
  • 5Strong knowledge of Morningstar DBRS Commercial Real Estate Property Analysis Criteria
  • 61-2 years experience with Spark Airflow and ETL pipeline development
  • 7Familiarity with DBRS rating processes and rating committee procedures
  • 8Experience handling sensitive financial data and maintaining confidentiality

Salary Insight

Salary not disclosed in listing

Location

Typepartially
LocationChicago, Illinois

Required Skills

ExcelCommercial Real Estate AnalysisCredit Rating SurveillanceWritingPresentation
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