Chicago)

KBRA•Chicago, IL

5d•$80,000 - $110,000•Hybrid

About The Position

KBRA is seeking a credit analyst to join its Commercial Asset-Backed Securities (ABS) team in its New York City or Chicago office. The role is part of a transaction rating team and contributes to all stages of the rating process, from collateral analysis through report publication. Experience or knowledge in commercial ABS asset classes such as data centers, communications infrastructure, equipment, or aviation is preferred but not required. The position involves analyzing transactions, preparing credit memoranda and reports, supporting rating committee presentations, publishing market commentary, and conducting surveillance of rated transactions. The analyst will also participate in seller and servicer due diligence and travel as needed. The role is offered at Analyst or Senior Analyst level, depending on experience.

Requirements

Bachelor's degree.
For Analyst level: zero to two years of experience performing credit analysis within the ABS sector at a rating agency, buy-side investor, credit research organization, or similar environment.
For Senior Analyst level: at least two years of experience performing credit analysis within the ABS sector at a rating agency, buy-side investor, credit research organization, or similar environment.
Exceptional attention to detail.
Strong oral and written communication skills; a writing sample may be requested.
Strong Excel skills; an Excel test may be administered during the interview process.
Ability to take initiative, work independently, and collaborate closely with partners.

Nice To Haves

Knowledge of commercial ABS asset classes, such as data centers, communications infrastructure, equipment, or aviation.
Proficiency with relevant financial modeling software, such as Intex.
Familiarity with generative AI tools such as ChatGPT for research, data insights, and general productivity.

Responsibilities

Conduct and assist with transaction analysis, including originator and servicer evaluation, collateral performance analysis, bond structure modeling and analysis, and review of legal structures and documentation.
Assist with preparing credit memoranda and presenting transactions to rating committees.
Prepare and contribute to individual transaction reports for publication.
Assist with publishing market commentary on topical events or research.
Conduct ongoing surveillance of rated transactions and update ratings as warranted.
Attend and participate in seller and servicer due diligence.
Travel as needed.