ABS Credit Associate Director — Esoteric Assets

Kroll Bond Rating Agency, Inc.; New York (NY); Hybrid; USD 100,000 - 150,000; Full time

Benefits offered by this job

Competitive benefits and PTO

Educational and professional dev. aid

401(k) with employer match

Family and disability leave

Job summary

KBRA (Kroll Bond Rating Agency) seeks an experienced credit analyst to join our Commercial ABS team. The role can be based in New York City or Chicago, with hybrid work arrangements and travel as needed.

Candidates should have ABS exposure (data centers, PDP oil and gas, communications infrastructure, equipment, aviation) and strong analytical skills. The Associate/Associate Director will participate in the entire rating process, from collateral analysis to report publication, and engage with

Qualifications

• Bachelor’s degree in a relevant field is required.
• 3+ years of credit analysis experience in ABS for Associate level or 5+ years for Associate Director level.
• Strong Excel and analytical skills with ability to analyze loan credit risk and cash flows.

Responsibilities

• 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 preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to transaction reports for publication.
• Serve as secondary contact to investors and clients or structuring banks under senior guidance.
• 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 seller/servicer due diligence, investor discussions, or industry events (travel may be required).

Skills

Excel

Analytical skills

Oral and written communication

Attention to detail

Independent work

Generative AI tools familiarity

Education

Bachelor’s degree in a relevant field

Tools

Intex

Job description

ABS Commercial / Esoteric – Associate / Associate Director (NY / Chicago)

New York, New York or Chicago, Illinois

Position Title: ABS Commercial / Esoteric – Associate / Associate Director (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 an experienced 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 will have experience in commercial ABS asset classes (including, for example, data centers, PDP oil and gas, communications infrastructure, equipment, or aviation); this is preferred, but not required. Successful candidates will possess an ability to be highly adaptable and show strong critical thinking skills. An Associate or Associate Director within the ABS group holds an integral role on the transaction rating team, engaging in 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.
• Serve as secondary contact to investors and clients or structuring banks, working under the guidance and direction of senior team members.
• 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, investor discussions, or industry events (which, in some cases, may require travel).

You will be successful in this role if you have:

• Bachelor’s degree in a relevant field of study required.
• Associate level: Minimum of three (3) + years of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Associate Director level: Minimum five (5) + years of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Strong Excel skills (excel test may be administered as part of the interview process)
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of asset and bond cash flows.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• 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 $100,000 to $150,000. 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.

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