CMBS New Issuance - Associate Director (London) London, United Kingdom

Tbwa Chiat/Day Inc; London; On-site; GBP 60,000 - 100,000; Full time

Job summary

An established industry player is on the lookout for a talented Associate Director to join their dynamic team in London. This role offers a unique opportunity to engage in the analysis of commercial real estate transactions across Europe. You will be responsible for conducting credit analyses, preparing reports, and representing the firm at industry events. The ideal candidate will possess strong analytical skills, a solid background in credit analysis, and the ability to thrive in a fast-paced environment. Join a collaborative team and make a significant impact in the world of credit ratings!

Qualifications

• 5+ years of credit analysis experience in commercial real estate.
• Strong skills in financial modelling and due diligence.

Responsibilities

• Conduct credit analysis for various CRE transaction types in Europe.
• Lead credit ratings assignments and author reports for publication.

Skills

Credit Analysis

Financial Modelling

Due Diligence

Communication Skills

Generative AI Tools

Education

Bachelor's Degree

Advanced Degree

Job description

CMBS New Issuance - Associate Director (London)

London, United Kingdom

Position Title: CMBS - Associate Director (London)

Entity: Kroll Bond Rating Agency UK Limited

Employment Type: Full-time

Location: London, United Kingdom

Summary/Overview:

KBRA UK Limited is seeking an experienced Commercial Real Estate (CRE) credit analyst to join our team in London. This role involves assigning new ratings and providing surveillance on CMBS securitizations and other CRE-related transactions. You will play a key role in the process by:

• Developing detailed cash flow analyses of CRE properties.
• Preparing internal credit reports for rating committees.
• Conducting property site visits across Europe.
• Writing comprehensive published reports on transactions.

You will monitor developments related to rated transactions and associated sectors, assessing potential impact and maintaining relationships with relevant stakeholders. Additionally, you’ll contribute to research on new products or jurisdictions and publish reports on topical credit issues to support ongoing property cash flow and rating analyses.

This position offers an exciting opportunity for an experienced professional to contribute to a dynamic and collaborative team in the heart of London.

About the Job:

• Responsible for analysis of all CRE transaction types in Europe, such as CMBS, Small Balance Commercial, CRE CLOs, and corporate real estate, based on business needs and market conditions.
• Lead or supervise assignment and surveillance of credit ratings, including conducting analytical work and transaction diligence, authoring ratings reports for publication, and documenting/presenting internally in a timely manner.
• Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types such as Data Centers and CRE Funds.
• Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research.

The successful candidate will have:

• 5+ years of proven expertise in conducting credit analysis for CRE loans, and preferably analysis of various CRE securitizations structures (such as single borrower CMBS and small balance transactions).
• Bachelor’s degree required and advanced degree is a plus.
• Credit expertise in a variety of CRE properties across multiple European jurisdictions.
• Strong skills in due diligence and financial modelling.
• Excellent oral and written communications skills.
• Ability to work independently and collaboratively in a fast-paced environment.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.