Vice President, Corporate Real Estate Ratings - North America

Job summary

Lead the credit analysis and rating assignments for a portfolio of Canadian real estate entities, including REITs and real estate funds. Produce high-quality rating reports and contribute to the development of rating methodologies while mentoring junior analysts.

Job details

Position Summary * The North American Corporate Real Estate Ratings team of Morningstar DBRS is seeking a highly motivated individual with a minimum of eight years of relevant experience in corporate credit analysis, research, or investment banking and a strong understanding of the Canadian real estate sector to join the team in Toronto as a Vice President. * Working closely with the Managing Director, Sector Lead, and other members of the Real Estate group, the successful candidate will be primarily responsible for new coverage (public and private) of the Canadian real estate sector and maintaining existing coverage of Canadian real estate mandates. This highly visible role involves assessing the creditworthiness of a new and existing portfolio of real estate entities, including real estate investment trusts, real estate operating companies, pension plan owned real estate entities, and real estate funds. * This position reports directly to the Senior Vice President, Sector Lead of North American Corporate Real Estate. Primary Responsibilities * Lead new and/or assume lead coverage of a broad range of real estate entities. * Contribute to new and existing rating assignments, both in Canada and the US. * Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations. * Review of legal documentation related to credit analysis. * Prepare rating committee materials and lead rating committee presentations. * Produce timely, high-quality rating reports, press releases and commentaries on rated entities and industry sector research. * Contribute to the development and refinement of existing and new rating methodologies. * Contribute to the development and mentoring of junior analysts. * Develop and solidify relationships with issuers, investors, intermediaries, and other stakeholders. * Speak and participate at conferences, including industry and debt capital market events. * Adhere to rigorous regulatory requirements and Morningstar DBRS policies and procedures, which include detailed record-keeping, training, and compliance. Requirements * Minimum of eight years of experience in credit, finance and/or banking within the financial services and real estate industries. * Expert knowledge of Canadian commercial real estate industries and challenges facing companies in different real estate segments and geographies. * In-depth understanding of legal documentation associated with real estate transactions. * Strong financial statement analytical abilities with solid knowledge of IFRS and working knowledge of US GAAP accounting as it relates to real estate. * Strong research skills and attention to detail. * Excellent communication skills, both verbal and written. * Self-starter and team player with demonstrated ability to work in a fast-paced environment. * Travel is required. * Bachelor’s degree (relevant discipline) with a professional designation or a master’s degree required. Completion of the CFA program would be considered favourably. BASE SALARY COMPENSATION RANGE $109,489.00-160,711.00 Incentive Target Percentage 30% Annual About Us Morningstar DBRS is a leading provider of independent rating services and opinions for corporate and sovereign entities, financial institutions, and project and structured finance instruments globally. Rating more than 4,000 issuers and 60,000 securities, it is one of the top four credit rating agencies in the world. Morningstar DBRS empowers investor success by bringing more transparency and a much-needed diversity of opinion in the credit rating industry. Our approach and size allow us to be nimble enough to respond to customers' needs in their local markets, but large enough to provide the necessary expertise and resources they require. Market innovators choose to work with us because of our agility, tech-forward approach, and exceptional customer service. Morningstar DBRS is the next generation of credit ratings. If you receive and accept an offer from us, we require that personal and any related investments be disclosed confidentiality to our Compliance team (days vary by region). These investments will be reviewed to ensure they meet Code of Ethics requirements. If any conflicts of interest are identified, then you will be required to liquidate those holdings immediately. In addition, dependent on your department and location of work certain employee accounts must be held with an approved broker (for example all, U.S. employee accounts). If this applies and your account(s) are not with an approved broker, you will be required to move your holdings to an approved broker. Morningstar's hybrid work environment gives you the opportunity to collaborate in-person each week as we've found that we're at our best when we're purposely together on a regular basis. In most of our locations, our hybrid work model is four days in-office each week. A range of other benefits are also available to enhance flexibility as needs change. No matter where you are, you'll have tools and resources to engage meaningfully with your global colleagues. R08_DBRSLtdCanada DBRS Limited - Canada Legal Entity

What you’ll do

Lead the credit analysis and rating assignments for a portfolio of Canadian real estate entities, including REITs and real estate funds. Produce high-quality rating reports and contribute to the development of rating methodologies while mentoring junior analysts.

Requirements

Requires a minimum of eight years of experience in credit, finance, or banking with expert knowledge of the Canadian commercial real estate sector. A bachelor's degree with a professional designation or a master's degree is required, with CFA completion viewed favorably.

Listed skills

• Stakeholder Management · Preferred

Other relevant skills

Identified from the job description. Confirm important requirements above.

• Corporate Credit Analysis
• Financial Statement Analysis
• Real Estate Investment Trusts
• IFRS
• US GAAP
• Creditworthiness Assessment
• Industry Research
• Financial Forecasting
• Legal Documentation Review
• Rating Committee Presentations
• Stakeholder Management
• Mentoring

Job areas

• Finance & Accounting
• Management & Leadership
• Consulting

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