Vice President, US Structured Credit Ratings, Funds - Issue

About the Role

Morningstar DBRS is seeking a Vice President to join the Funds new issue credit ratings team, which is part of the U.S. Structured Credit (US SC) team. A successful candidate will have relevant experience in fund finance and/or rating agency work. The role requires sector knowledge, strong analytical and quantitative skills, attention to detail, and the ability to thrive in a collaborative, team-oriented environment.

• Lead analyst responsible for assigning new credit ratings to various fund financing transactions, including but not limited to feeder fund debt, secured facilities, unsecured debt, subscription loan facilities, and collateralized fund obligations.
• Prepare for and lead management meetings and maintain issuer/client relationships.
• Lead external client calls to discuss methodologies and transaction proposals.
• Prepare and present detailed discussion and committee memos for US SC credit rating committees.
• Author pre‑sale and new issue credit rating reports, among other relevant disclosures.
• Conduct analysis on the fund manager’s capabilities and track record, the fund investment portfolio, transaction capital structure, and legal documents.
• Assess legal, regulatory, counter party and other risks related to US SC credit ratings.
• Prepare and present new transactions to senior members of the Structured Finance team to determine feasibility and methodology application.
• Support the expansion of the Funds team by championing projects and initiatives.
• Mentor junior analysts.
• Write research and participate in webinars, investor meetings and conferences.
• Collaborate with other Morningstar DBRS credit teams to support credit rating surveillance, analysis, administration and research.
• Adhere to compliance, regulatory and company policies and procedures.

• Undergraduate degree in finance, accounting, business, economics or related discipline is required.
• 7+ years’ relevant experience, with experience in structuring or analyzing feeder funds or CFOs preferred.
• Other relevant experience could include: funds, BDC or CLO credit ratings-related work, investment banking or legal counsel focusing on funds-related work, credit risk management focusing on credit funds, or other relevant experience as a market participant.
• Strong interest in credit funds, BDCs, CLOs, private credit and/or private equity encouraged.
• Proficiency in Microsoft Office suite, with advanced skills in Excel, such as building complex formulas or models, pivot tables and graphs.
• Solid research and analytical skills, with acute attention to detail.
• Strong verbal and written communication skills to prepare clear and concise committee materials and reports in proper and professional etiquette.
• Willingness and ability to learn new analytical approaches proactively.
• Self‑starter with ability to prioritize and complete critical work quickly, independently and with a sense of urgency.
• Ability to work in a fast‑paced environment, multi-tasking to meet multiple deadlines.
• Must be a team player with strong interpersonal skills with the ability to motivate team members to produce timely and accurate work product.

• Rating agency experience for a smoother transition into the nuances and rigors of the rating processes and understanding credit rating methodologies.
• Knowledge of analytical programming language (VBA, Python, etc.) is a plus.

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.

• Base Salary: $ – $
• Incentive Target: 30% annual
• 401(k) match: 100% up to 6% of salary
• Company‑provided life insurance: 1x salary + commission
• Comprehensive health benefits (medical/dental/vision) including potential premium discounts and company‑provided HSA contributions.
• Wellness incentives up to $300 –…