CMBS New Issuance – Associate / Associate Director (NY / Chicago)
About The Position
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. 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
Requirements
- 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
Nice To Haves
- Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus
Responsibilities
- 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
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
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What This Job Offers
Job Type
Full-time
Career Level
Mid Level
Number of Employees
501-1,000 employees
