ABS Commercial / Esoteric – Analyst / Senior Analyst (NY / Chicago)

KBRA; New York, Chicago (NY, IL); Hybrid; USD 80,000 - 110,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive benefits & PTO

Paid family leave

401(k) with company match

Education and professional development

Employee referral program

Job summary

KBRA (Kroll Bond Rating Agency) seeks a credit analyst to join our Commercial ABS team in New York City or Chicago. The role focuses on collateral analysis, modeling, and rating-workflow support across multiple ABS asset classes with room for growth to senior levels.

The candidate will contribute to credit memoranda, market commentaries, and surveillance of rated deals, while collaborating with originators, servicers, and rating committees. Travel may be required.

Qualifications

• Bachelor's degree required.
• Analyst level: 0–2 years in ABS credit analysis at a rating agency, buy-side investor, credit research, or similar environment.
• Senior Analyst level: minimum 2+ years in ABS credit analysis at a rating agency, buy-side investor, credit research, or similar environment.
• Strong analytical and attention to detail.
• Excellent written and verbal communication; writing sample upon request.
• Strong Excel skills; Excel test may be administered.
• Ability to work independently and with partners in a team.
• Familiarity with Intex is a plus; Generative AI tools are a plus.

Responsibilities

• Conduct and assist in transaction analysis including originator/servicer evaluation, collateral performance analysis, modeling and bond structure analysis, and review of legal structure and documentation.
• Assist in preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to transaction reports for publication.
• Assist in publication of market commentaries related to topical events or research.
• Engage in ongoing surveillance of rated transactions and update ratings as warranted.
• Attend and participate in seller/servicer due diligence.
• Willingness to travel as needed.

Skills

Attention to detail

Strong communication

Independent work

Collaborative work

Education

Bachelor's degree

Tools

Intex

Generative AI tools

Job description

ABS Commercial / Esoteric – Analyst / Senior Analyst (NY / Chicago)

New York, New York or Chicago, Illinois

Position Title: ABS Commercial / Esoteric – Analyst / Senior Analyst (NY / Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois, United States

Summary/Overview

KBRA (Kroll Bond Rating Agency) is seeking a credit analyst to join our Commercial Asset-Backed Securities (ABS) team. The position is open to candidates in our New York City Office or Chicago Office. The ideal candidate should have a strong interest in ABS. Knowledge in commercial ABS asset classes (including, for example, data centers, communications infrastructure, equipment, or aviation) is preferred, though not required. An Analyst within the ABS group will be a part of the transaction rating team, working with other members of the team through all aspects of the rating process from collateral analysis to report publication.

About the Job

• Conduct and assist in transaction analysis including originator/servicer evaluation, collateral performance analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Assist in the preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to individual transaction reports for publication.
• Assist in the publication of market commentaries related to topical events or research.
• Engage in ongoing surveillance of rated transactions and updating ratings as warranted.
• Attend and participate in seller/servicer due diligence.
• Willingness to travel as needed.

You will be successful in this role if you have:

• Bachelor's degree required
• Analyst level: Zero (0) to two (2) years of experience in performing credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Senior Analyst level: Minimum of two (2) or more years of experience in performing credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Exceptional attention to detail.
• Strong oral and written communications skills (writing sample on request).
• Strong Excel skills (excel test may be administered as part of the interview process).
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Proficient with relevant financial modeling software (e.g. Intex) is a plus.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range

The anticipated annual base salary range for this full-time position is $80,000 to $110,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

• 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

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.

More Info

KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state or local law.

Voluntary Self-Identification

For government reporting purposes, we ask candidates to respond to the below self-identification survey.Completion of the form is entirely voluntary. Whatever your decision, it will not be considered in the hiringprocess or thereafter. Any information that you do provide will be recorded and maintained in aconfidential file.

As set forth in KBRA’s Equal Employment Opportunity policy,we do not discriminate on the basis of any protected group status under any applicable law.

If you believe you belong to any of the categories of protected veterans listed below, please indicate by making the appropriate selection.As a government contractor subject to the Vietnam Era Veterans Readjustment Assistance Act (VEVRAA), we request this information in order to measurethe effectiveness of the outreach and positive recruitment efforts we undertake pursuant to VEVRAA. Classification of protected categoriesis as follows:

A "disabled veteran" is one of the following: a veteran of the U.S. military, ground, naval or air service who is entitled to compensation (or who but for the receipt of military retired pay would be entitled to compensation) under laws administered by the Secretary of Veterans Affairs; or a person who was discharged or released from active duty because of a service-connected disability.

A "recently separated veteran" means any veteran during the three-year period beginning on the date of such veteran's discharge or release from active duty in the U.S. military, ground, naval, or air service.

An "active duty wartime or campaign badge veteran" means a veteran who served on active duty in the U.S. military, ground, naval or air service during a war, or in a campaign or expedition for which a campaign badge has been authorized under the laws administered by the Department of Defense.

An "Armed forces service medal veteran" means a veteran who, while serving on active duty in the U.S. military, ground, naval or air service, participated in a United States military operation for which an Armed Forces service medal was awarded pursuant to Executive Order 12985.