Senior Analyst, North American Corporate Real Estate Ratings - Toronto

Morningstar

Toronto, CAhybridPosted Jul 31, 2026
Posting intelligenceActively listed

Skills

excel

About the role

Position Summary:

The North American Corporate Real Estate Ratings team of Morningstar DBRS is seeking a highly motivated individual with a minimum of three years in relevant experience in corporate credit analysis, research, or investment banking and some understanding of the Canadian real estate sector to join the team in Toronto as a Senior Analyst.

Working closely with the Sector Lead, and other members of the Real Estate group, the successful candidate will support lead analysts in their responsibilities to manage portfolios of credits, including the ongoing analysis and surveillance of specific credits, and contributing to publication of written credit rating reports, quarterly reviews and ad hoc commentaries This position reports directly to the Senior Vice President, Sector Lead of North American Corporate Real Estate.

Primary Responsibilities:

Perform accurate credit analysis with guidance from lead analysts, including financial statement analysis.

Maintain financial spreadsheets of debt issuers historic results and financial projections

Develop understanding and experience with legal documentation related to credit analysis

Contribute text and analysis for credit rating reports under supervision of lead analysts with eventuality of drafting press releases, credit reports, and commentaries with minimal guidance and errors.

Assist with the preparation of rating committee materials.

Provide support for research and analysis of major industry trends affecting various asset classes with guidance from lead analysts

Develop an understanding of the core real estate industries.

Develop client-communication skills with increasing client interaction over time

Adhere to rigorous regulatory requirements and Morningstar DBRS policies and procedures, which include detailed record-keeping, training, and compliance.

Requirements:

Minimum of 3 years related experience

Strong analytical abilities and diligence to details.

Extensive understanding of financial statements

Advanced knowledge of Microsoft Excel

Excellent communication skills, both verbal and written.

Initiative-taker and collaborator with demonstrated ability to work in a demanding environment.

Travel is required.

Undergraduate or master’s degree in business, finance, or an analytical field of study

Enrollment in the CFA program is preferred.

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

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