Chicago)

KBRA•New York, NY

13d•$160,000 - $250,000•Hybrid

About The Position

KBRA is seeking an experienced credit analyst to join its Commercial Asset-Backed Securities (ABS) team in New York City or Chicago. The role is open at the Director or Senior Director level and focuses on commercial ABS asset classes, such as data centers, PDP oil and gas, communications infrastructure, equipment, and aviation. Directors and Senior Directors play an integral role on transaction rating teams, contributing across the rating process from collateral analysis through report publication while managing and mentoring junior staff. Senior Directors are often expected to serve as thought leaders in their subject areas. The position includes transaction analysis, client and market engagement, preparation of credit memoranda and published reports, development of methodologies and research, and surveillance of outstanding transactions. The role may involve travel for due diligence, investor discussions, or industry events. The anticipated annual base salary is $160,000 to $250,000. The role follows a hybrid schedule, with employees in the office Tuesday, Wednesday, and Thursday. KBRA offers competitive benefits and paid time off, paid family and disability leave, a 401(k) plan with employer match, educational and professional development financial assistance, and an employee referral bonus program.

Requirements

Bachelor’s degree in a relevant field of study.
More than 10 years of demonstrated credit analysis experience in the ABS sector at a rating agency, buy-side investor, credit research organization, or similar environment.
Strong Excel skills; an Excel test may be administered during the interview process.
Ability to take initiative, work independently, and collaborate closely with partners.
Strong analytical skills in transaction evaluation, including loan credit risk assessment and analysis of asset and bond cash flows.
Proficiency with relevant financial modeling software, such as Intex.
Strong oral and written communication skills; a writing sample may be requested.
Exceptional attention to detail.

Nice To Haves

Familiarity with generative AI tools such as ChatGPT for research, data insights, and general productivity.
Experience with commercial ABS asset classes such as data centers, PDP oil and gas, communications infrastructure, equipment, or aviation.

Responsibilities

Conduct and assist with transaction analysis, including originator and servicer evaluation, collateral performance analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
Serve as lead analyst and primary contact for clients, deal arrangers, and investors.
Prepare and present credit memoranda to rating committees and contribute to transaction reports for publication.
Lead development of new rating methodologies as necessary, topical research, and market commentaries.
Surveil and monitor outstanding transactions, updating ratings as warranted.
Attend and participate in seller and servicer due diligence, investor discussions, or industry events, which may require travel.
Manage and mentor junior staff.
As a Senior Director, often serve as a thought leader in the relevant subject area.