Structured Finance - CMBS, Associate Director, Surveillance

Structured Finance - CMBS, Associate Director, Surveillance - New York

Requisition

Business Unit:
Fitch Ratings

Category:
Credit Analysis & Research

Location:

New York, NY, US

Date Posted:
Jul 22, 2026

Structured Finance – Credit Analyst, Associate Director – CMBS (Surveillance)

As one of the world’s top three credit ratings agencies, Fitch Ratings plays a critical role in global capital markets by providing supplementary credit analysis, ratings, research, and commentary to financial market participants. For over 100 years, Fitch Ratings has been creating value for global markets through its rigorous analysis and deep expertise, which have resulted in a variety of market leading tools, methodologies, indices, research, and analytical products.

Fitch Ratings is part of Fitch Group, a global leader in financial information services with operations in more than 30 countries, which also includes Fitch Solutions. With dual headquarters in London and New York, Fitch Group is owned by Hearst.

At Fitch Ratings, credit analysts play a pivotal role in moving markets, as quality credit analysis is the lifeblood of our organization. With a legacy of over a century, our unique approach to credit ratings offers unmatched opportunities for professional growth. Embracing a “challenger mindset,” you'll join a team dedicated to innovating service to our clients. Our people-driven analysis thrives on collaboration across all levels and locations, surpassing traditional financial modeling.

Lastly, as part of our global community, you'll find inspiration, challenge, and support, with ample opportunities for visibility and influence in the global financial marketplace.

Fitch Ratings is adding a highly motivated commercial real estate finance professional to analyze commercial mortgage-backed securities in our New York / Chicago office.

Successful candidates should demonstrate the ability to analyze and develop credit opinions relating to CMBS transactions, communicate credit opinions to the public and publish research on transactions and industry trends.

Join a team focused on providing Fitch’s opinions and commentary regarding transactions and ratings within the Commercial Real Estate (CRE) sector to investors and market participants. Our team's responsibilities include a diverse portfolio of CRE, including multi- and single-borrower transactions, CRE CLO and data centers, across North America. Foster a collaborative and team-oriented work environment.

• Identify and assess credit strengths and risks of U.S. and Canadian commercial real estate properties including market analysis, property-level fundamentals, and industry-specific trends that may impact loan performance. (30%)
• Use quantitative skills to analyze property, loan-level and portfolio-level characteristics as well as industry trends within an assigned portfolio. Includes detailed property cash flow analysis and updated property valuations on performing and non-performing loans. (30%)
• Prepare detailed committee materials and communicate rating conclusions to credit committee. (20%)
• Publish detailed rating commentaries and research reports. (10%)
• Mentor or manage junior analysts. (10%)

• You hold a bachelor’s degree, with preference for a degree in finance, real estate, or a related field.
• You have 5 to 7 years experience in commercial real estate underwriting, valuation or loan workouts.
• You demonstrate advanced expertise in Excel and Word, experience in financial modeling a plus.
• You have strong analytical, quantitative, and organizational skills, with the ability to manage multiple priorities.
• You have experience across various commercial property types.
• You exhibit excellent written and oral communication skills for committee presentations and external engagement.

• Securitization or capital markets experience.
• Loan workout and/or lending experience.

• Hybrid work environment: 3 days a week in office required based on your line of business and location.
• A culture of learning & mobility:
  Dedicated trainings, leadership development and mentorship programs designed to ensure…