ABS Equipment - Director (NY / Chicago)

Kroll Bond Rating Agency, Inc.; New York (NY); Hybrid; USD 160,000 - 190,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive benefits

Paid time off

401(k) with employer match

Educational and professional dev

Employee referral bonus

Job summary

Kroll Bond Rating Agency, LLC (KBRA) seeks an experienced Director to join the ABS group in New York or Chicago. The role leads transaction analysis, engages with clients, and mentors junior staff throughout the rating process.

Strong equipment ABS background and modeling skills are essential. The position offers a hybrid schedule with travel as needed, a competitive base salary, and benefits, including professional development and 401(k) matching.

Qualifications

• Bachelor's degree required.
• 8+ years of credit analysis experience in ABS.
• Direct equipment ABS experience required.
• Strong Excel skills (Excel test may be administered).
• Proficient with financial modeling software (e.g. Intex).
• Ability to lead and mentor junior staff.
• Willingness to travel for investor discussions/industry events.
• Familiarity with Generative AI tools is a plus.

Responsibilities

• Conduct transaction analysis including originator/servicer evaluation, collateral performance, loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Serve as lead analyst and primary contact with clients, deal arrangers and investors on transactions.
• Prepare or assist in the preparation of credit memoranda and presentations to rating committees.
• Lead development of rating methodologies and market commentaries.
• Monitor rated transactions and update ratings as warranted.
• Attend investor discussions or industry events (travel may be required).
• Manage a team of junior analysts, mentoring and development.

Skills

Credit analysis

ABS experience

Excel skills

Independent initiative

Analytical skills

Financial modeling

Oral & written communication

Generative AI familiarity

Education

Bachelor's degree

Tools

Intex

Job description

Position Title: ABS Equipment - Director (NY/Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois

Summary/Overview

KBRA (Kroll Bond Rating Agency) is seeking an experienced credit analyst to join our Asset-Backed Securities ABS team in our New York or Chicago office. The ideal candidate will have meaningful experience across commercial/esoteric ABS sectors including equipment ABS. A 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 and managing and mentoring junior staff.

Job Responsibilities

• Conduct transaction analysis including originator/servicer evaluation, collateral performance and loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Serve as lead analyst and primary contact with clients, deal arrangers and investors on transactions.
• Prepare or assist in the preparation of credit memoranda and presentation of transactions to rating committees, and transaction reports for publication.
• Lead the development of rating methodologies (as necessary), and special topic and market commentaries.
• Surveil and monitor rated transactions and update existing ratings as warranted.
• Attend and participate in investor discussions or industry events (which may require travel).
• Manage a team of junior analysts, mentoring and fostering their professional development.

Successful candidates will possess the following

• Bachelor's degree required
• More than eight (8) years of demonstrated experience in credit analysis within the ABS sector at a rating agency, buy-side investor, credit research, or similar environment. Direct experience in equipment ABS is a must.
• 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.
• Strong analytical skills relating to transaction evaluation, including asset credit risk assessment, and analysis of asset and bond cash flows.
• Demonstrated ability to make independent, well-reasoned credit decisions under time-sensitive conditions.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• 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 $160,000 to $190,000. 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.