About Us

DBRS Morningstar is a global credit ratings business, currently with 700 employees in eight offices globally. Formed through the July 2019 acquisition of DBRS by Morningstar, Inc., the ratings business is the fourth-largest provider of credit ratings in the world.

DBRS Morningstar is committed to empowering investor success, serving the market through leading-edge technology and raising the bar for the industry. DBRS Morningstar is a market leader in Canada, the U.S. and Europe in multiple asset classes.

DBRS Morningstar rates more than 2,600 issuers and 54,000 securities worldwide and is driven to bringing more clarity, diversity of opinion, and responsiveness to the ratings process. DBRS Morningstar’s approach and size provide the agility to respond to customers’ needs, while being large enough to provide the necessary expertise and resources.

About the Role

•  The Real Estate team of DBRS Morningstar is seeking a highly motivated individual with a minimum of five 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 an Assistant Vice President.
• Working closely with the Managing Director and the other members of the Real Estate group, the successful candidate will be responsible for maintaining market-leading coverage of the Canadian real estate sector. The role involves assessing the creditworthiness of an existing portfolio of real estate companies, include: real estate investment trusts, real estate operating companies, and pension plan owned real estate entities, and over time working on new rating mandates.
• This position reports to the Managing Director of Real Estate & Public Finance.

Job Responsibilities

• Assist with existing coverage of a broad range of real estate entities and contribute to new rating assignments.
• Perform company and industry research, financial statement analysis, prepare forecasts and assess management strategy to inform rating recommendations.
• Review 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 trends.
• Contribute to the development and refinement of existing rating methodologies.
• Mentor junior analysts.
• Develop relationships with issuers, investors, intermediaries, and other stakeholders.
• Adhere to rigorous regulatory requirements, including detailed record-keeping, training, and compliance with DBRS Morningstar policies and procedures.

Qualifications

• Minimum of five years of relevant experience in real estate equity/debt research, credit, finance, banking and/or consulting within the real estate industry, preferably across a wide range of property types.
• Demonstrated knowledge of the Canadian commercial real estate industry, including strengths and challenges facing companies in different real estate asset classes and geographies.
• Solid knowledge of IFRS accounting as it relates to real estate.
• Strong research and analytical skills, with a thorough attention to detail.
• Effective communication skills, both oral and written.
• Strong inter-personal skills.
• Self-starter and strong team player, with the ability to meet deadlines while maintaining attention to detail and producing high quality work.
• Travel is required.
• Bachelor’s and/or Master’s degree in commerce, business, economics, or other relevant discipline.
• Completion of CFA program is preferred.
• Advanced knowledge of Microsoft Excel
• Bloomberg skillsNice to haveCFA and/or CPA designations would be considered definite assets. Understanding of legal documentation associated with real estate transactions would be an asset but not required.

How to Apply for a Job at Morningstar

Step 1: When you find a position you’re interested in, click the ‘Apply’ button. Please fill out this form completely, attaching your resume and cover letter in the approved format. Read the job requirements carefully and make sure to attach writing or design samples as required. Applicants must submit their resume and other information through our corporate website to be considered for a job at Morningstar. No phone calls, please.

Step 2: You will receive an email notification to confirm that we’ve received your application.

Step 3: If you are called in for an interview, a representative from Morningstar will contact you to set up a date, time, and location. Be prepared for a rigorous interview process. To make sure you’re a good fit for Morningstar and we’re a good fit for you, we’ll schedule time for you to meet with multiple staff members at all levels of the company. Expect to return for multiple interviews as part of the process. A representative from Morningstar will contact you with the results of your interview—either with a job offer or to let you know our plans for the position.