Funds Ratings - Associate / Associate Director (NY)

KBRA•New York, NY

9d•$105,000 - $140,000•Hybrid

About The Position

Kroll Bond Rating Agency, LLC. is seeking an Associate/Associate Director to join our growing Funds Ratings team in the New York office. The Funds team assigns and monitors credit ratings on various debt instruments issued by funds, closed-end funds, and other fund vehicles. KBRA’s growing ratings portfolio encompasses funds which leverage a variety of asset growth and income generation strategies including fixed income securities, private equity, private credit, real estate, and middle market lending. A strong candidate will have extensive experience and interest in fund investment and credit strategies. About the Job: Assist with credit research on a variety of funds, closed-end funds, and other investment vehicles. Assist with the development of rating and analytical tools such as cash flow and asset coverage models used to evaluate fund debt structures. Assist in the quantitative and qualitative preparation and presentation of internal credit memos and publications. Participate in diligence meetings with fund management teams to assess their investment acumen, risk management skills, and overall ability to develop and successfully execute strategies. Develop and maintain complex spreadsheets and databases. Ability to leverage and seamlessly collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance. Assist in research for internal and publication purposes. Associate Directors will have the ability to independently lead credit ratings process and research efforts on a variety of debt transactions involving investment funds, and other related vehicles and to Lead/assist in the development of rating and analytical tools such as cash flow models used to evaluate fund debt structures.

Requirements

Bachelor’s degree in Finance, Business, or Math related fields or any subject that results in strong analytical skills.
Four (4) to Eight (8) years of work experience as a credit analyst with experience in fund lending, investing, or structured finance is a significant plus.
Ability to work as an integral part of a highly collaborative team and across disciplines in a challenging and dynamic environment.
Ability to manage time and resources in a fast-growing company.
Effective oral and written communications skills.
Proficiency in Advanced Excel, ability to cash flow model is a significant plus.
Extremely high attention to detail.

Nice To Haves

Proficiency in SQL and VBA for querying databases a strong advantage.
Successful progression towards CFA a plus.
Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Responsibilities

Assist with credit research on a variety of funds, closed-end funds, and other investment vehicles.
Assist with the development of rating and analytical tools such as cash flow and asset coverage models used to evaluate fund debt structures.
Assist in the quantitative and qualitative preparation and presentation of internal credit memos and publications.
Participate in diligence meetings with fund management teams to assess their investment acumen, risk management skills, and overall ability to develop and successfully execute strategies.
Develop and maintain complex spreadsheets and databases.
Ability to leverage and seamlessly collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance.
Assist in research for internal and publication purposes.
Associate Directors will have the ability to independently lead credit ratings process and research efforts on a variety of debt transactions involving investment funds, and other related vehicles and to Lead/assist in the development of rating and analytical tools such as cash flow models used to evaluate fund debt structures.