Chicago)

KBRA•Chicago, IL

3d•$160,000 - $220,000•Hybrid

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. Manage and/or mentor junior members of the team. Review cash flow analyses, asset summaries, and presale reports. Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types.

Requirements

Bachelor’s degree in a relevant field of study.
10+ years of relevant CRE debt underwriting or CMBS securitization experience for a Director level consideration
15+ years of relevant CRE debt underwriting or CMBS securitization experience for Senior Director level consideration
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

Advanced degree and successful progression towards the CFA designation are pluses.
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.
Manage and/or mentor junior members of the team. Review cash flow analyses, asset summaries, and presale reports.
Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research
Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types.