Structured Finance - Commercial Mortgage-Backed Securities, Associate Director - New York

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Requisition

Business Unit:
Fitch Ratings

Category:
Credit Analysis & Research

Location:

New York, NY, US

Date Posted:
Aug 14, 2026

At Fitch, we have an open culture where employees are able to exchange ideas and perspectives, throughout the organization, irrespective of their seniority. Your voice will be heard allowing you to have a real impact. We embrace diversity and appreciate authenticity encouraging an environment where employees can be their true selves. Our inclusive and progressive approach helps us to keep a balanced perspective.

Fitch is also committed to supporting its employees by advancing conversations around diversity, equity and inclusion. Fitch’s Employee Resource Groups (ERGs) have been established by employees who have joined together as a workplace community based on similar backgrounds or life experiences. Fitch’s ERGs are available to connect employees with others within the organization to offer professional and personal support.

With our expertise, we are not only creating data and information, but also producing timely insights from every angle to influence decision making in this ever changing and highly competitive market. We have a relentless hunger to innovate and unlock the power of human insights and to drive value for our customers. There has never been a better time to make an impact and we invite you to join us on this journey.

Fitch Ratings is seeking an Associate Director to join the CMBS group in our New York or 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.

About the team:

• Fitch Ratings is a global company with a presence in over 30 countries, offering opportunities to work with diverse teams and clients from around the world.
• An opportunity to be part of a team of analysts performing CRE analysis on securities loans.
• Provide Fitch’s opinions and perspectives to investors and other market participants on all North American CMBS transactions.
• A team-oriented work environment.

How You’ll Make an Impact:

• Identify and assess credit strengths and risks of commercial real estate properties, and the related loan structures in U.S and Canadian CRE markets, and property cash flow underwriting and valuations.
• Use quantitative skills to analyze property and loan level characteristics and industry trends.
• Communicate rating conclusions to credit committee.
• Publish detailed transaction reports, rating commentaries and research reports.

You May be a Good Fit if have:

• 5 plusyears direct experience underwriting, valuing or working out commercial real estate
• Expertise in Excel and Word.
• Strong analytical, quantitative, and organizational skills, including ability to multitask.
• Familiarity with commercial property types.
• Effective communication skills including strong writing ability.
• Ability to shift fluidly between multiple projects as priorities change.

What Would Make You Stand Out:

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

Why choose Fitch?

• 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 that your time at Fitch will be a continuous learning opportunity
• Investing in Your Future:
  Retirement planning and tuition reimbursement programs that empower you to achieve your short and long-term goals
• Promoting Health & Wellbeing:
  Comprehensive healthcare offerings that enable physical, mental, financial, social, and occupational wellbeing
• Supportive Parenting Policies:
  Family-friendly policies, including a generous global parental leave plan, designed to help you balance career and family life effectively
• Inclusive Work Environment: A collaborative workplace where all voices are valued, with Employee Resource Groups that unite and empower our colleagues around…