CMBS - Associate Director (NY)

KBRA•New York, NY
•$120,000 - $160,000•Hybrid

About The Position

Kroll Bond Rating Agency (KBRA) is seeking an experienced commercial real estate (CRE) credit analyst to join its Commercial Mortgage-Backed Securities (CMBS) New Issuance ratings group at its New York City headquarters. The group executes ratings transactions by conducting credit analysis, authoring published reports, and presenting analysis for ratings of conduit, single-borrower, CRE CLO, single-family rental, and other CMBS transactions. The Associate Director conducts CRE property cash flow and valuation analysis, as well as loan credit analysis, in accordance with KBRA methodologies across CRE property types. The role leads transaction execution from start to finish, including analysis, internal and external presentations, report preparation, and coordination of the transaction process. It also includes property site inspections throughout the United States and related management meetings.

Requirements

  • Bachelor’s degree in a relevant field of study.
  • Five or more years of relevant CRE debt underwriting or CMBS securitization experience.
  • Credit or underwriting experience across multiple CRE property types.
  • Proficiency conducting extensive analysis in Excel.
  • Strong oral and written communication skills.
  • Exceptional attention to detail and a strong commitment to quality.
  • Ability to multitask and manage multiple compressed timelines.
  • Ability to work independently and in a highly collaborative, interdependent team environment.

Nice To Haves

  • An advanced degree.
  • Successful progression toward the CFA designation.

Responsibilities

  • Conduct CRE property cash flow and valuation analysis and loan credit analysis in accordance with KBRA methodologies across CRE property types.
  • Lead end-to-end transaction execution, including property-, loan-, and transaction-level credit analysis.
  • Present and defend analysis to senior managers and in credit or ratings committees, and externally to banks.
  • Lead preparation of comprehensive transaction reports for external publication.
  • Manage transaction processes involving multiple internal and external parties and workstreams.
  • Conduct property site inspections throughout the United States and attend related management meetings.

Benefits

  • Competitive benefits and paid time off.
  • Paid family and disability leave.
  • 401(k) plan with employer match; employer contributions are 100% vested.
  • Educational and professional development financial assistance.
  • Employee referral bonus program.
  • Cell phone provided.
  • Hybrid work schedule, with in-office work Tuesday, Wednesday, and Thursday.
© 2026 Teal Labs, Inc
Privacy PolicyTerms of Service