Securities Surveillance Analyst / Associate
About The Position
K-Star is seeking an enthusiastic, intellectually curious, and diligent Analyst / Associate to join the CMBS Surveillance team within the firm’s growing asset management and servicing platform. The Analyst / Associate will support the oversight, monitoring, and analysis of performing, watchlist, and specially serviced loans within the CMBS portfolio. The individual will be responsible for monitoring asset and portfolio performance for credit risk, covenant compliance, and market developments, while also providing internal reporting and portfolio analytics for senior management. The role will also involve supporting asset managers in evaluating credit developments and potential resolution strategies across the portfolio.
Requirements
- Bachelor’s degree, preferably in a Business, Finance, or Real Estate-related course of study, or equivalent experience in commercial real estate finance or servicing
- 1–5 years of relevant experience in CMBS surveillance, commercial real estate credit, structured finance, banking, or investment management.
- Strong understanding of commercial real estate fundamentals; knowledge of basic CMBS loan structures preferred.
- Strong analytical and problem-solving skills with exceptional attention to detail.
- Advanced proficiency in Microsoft Excel and experience working with financial and portfolio datasets.
- Excellent organizational and communication skills, both verbal and written
- Team Player with collaborative and strong relationship building skills, and with the ability to work independently and in a way that reflects the company’s culture and core values
- Skilled at developing and maintaining personal, social and business relationships representing KKR in a professional manner
- Willingness to travel as needed
Nice To Haves
- Familiarity with Trepp, Intex, Bloomberg, or similar CMBS analytics platforms is preferred.
Responsibilities
- Independently calculate and verify covenant compliance metrics, including DSCR, debt yield, LTV, cash management triggers, and extension tests.
- Track property-level performance trends, including leasing activity, tenant rollover, capital expenditures, and resulting impact on property value.
- Identify and escalate emerging credit risks, borrower stress indicators, or market developments impacting collateral performance.
- Monitor upcoming loan maturities, extension options, modification terms, and default triggers, and evaluate refinance risk and potential exit scenarios under varying market and capital markets assumptions.
- Monitor macroeconomic trends, capital markets developments, and property sector dynamics that may impact loan performance or refinance ability.
- Prepare recurring portfolio surveillance reports for senior management summarizing asset performance, emerging risks, and key developments across the portfolio.
- Produce exposure and concentration reports highlighting portfolio risk by property type, geography, borrower, loan size, and maturity profile.
- Maintain internal surveillance databases and reporting models to ensure accuracy and consistency of portfolio data used in management reporting.
- Participate in special projects as needed to implement and maximize new technologies to support K-Star’s platform
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What This Job Offers
Job Type
Full-time
Career Level
Entry Level
Number of Employees
501-1,000 employees
