CMBS New Issuance – Associate / Associate Director (NY / Chicago)

Position Title: CMBS New Issuance - Associate / Associate Director (NY/ Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois

Summary/Overview

Kroll Bond Rating Agency (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its industry-leading commercial mortgage-backed securities (CMBS) New Issuance ratings group in its New York or Chicago office. Analysts in the group are responsible for transaction execution, including conducting credit analysis, authoring published reports, and presenting analysis for the assignment of credit ratings to conduit, single-borrower, CRE CLO, single-family rental, and other types of CMBS transactions.

About the Job

Conduct commercial real estate (CRE) property cash flow and valuation, and loan credit analysis in accordance with KBRA’s methodologies across all CRE property types.

Lead end-to-end execution of transactions, including:

Conducting property, loan and transaction level credit analysis

Presenting and defending the analysis internally to senior managers and in credit/ratings committees, and externally to banks

Leading preparation of externally published comprehensive transaction reports

Managing the process that involves multiple internal and external parties and work-streams

Conduct property site inspections throughout the U.S. and related management meetings

You will be successful in this role if you have

Bachelor’s degree in a relevant field of study. Advanced degree and successful progression towards the CFA designation are pluses

Three (3) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate level required

Five (5) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate Director required

Credit / underwriting experience across multiple CRE property types

Proficient in conducting extensive analysis in Excel

Possess strong oral and written communications skills

Exceptional attention to detail, with a strong commitment to quality

Ability to multi-task and manage through multiple compressed timelines. Be able to work both independently and in a highly collaborative inter-dependent team environment

Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus

Salary Range

The anticipated annual base salary range for this full-time position is $100,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits

A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)

Competitive benefits and paid time off

Paid family and disability leave

401(k) plan, including employer match (100% vested)

Educational and professional development financial assistance

Employee referral bonus program

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.

More Info

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.

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