CMBS - Associate Director (NY)

KBRA; New York (NY); Hybrid; USD 120,000 - 160,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive benefits and paid time off

401(k) plan with employer match

Educational & professional development

Employee referral bonus

Job summary

Kroll Bond Rating Agency, LLC (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its CMBS New Issuance ratings group at its New York City headquarters. You will conduct property cash flow and loan analysis, author publish reports, and present credit analyses for various CMBS transactions.

The role involves end-to-end execution, presenting to senior management and external banks, and preparing comprehensive reports, with site inspections across the U.S.

Qualifications

• Bachelor's degree in a relevant field; advanced degree and CFA progression are a plus.
• Five+ years of CRE debt underwriting or CMBS securitization experience.
• Proficient in conducting extensive analysis in Excel; strong communication skills.

Responsibilities

• Conduct CRE property cash flow, valuation, and loan credit analysis across CRE types.
• Lead end-to-end transaction execution and credit analysis.
• Present and defend analysis to senior managers, credit committees, and external banks.
• Prepare externally published comprehensive transaction reports.
• Manage multi-party workstreams and internal/external coordination.
• Conduct property site inspections across the U.S. and related meetings.

Skills

Credit analysis

Excel modeling

Communication skills

Attention to detail

Multi-tasking

Education

Bachelor's degree in a relevant field

Advanced degree and CFA progression

Tools

Excel

Job description

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York, United States

Summary/Overview

Kroll Bond Rating Agency (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its industry-leading commercial mortgage-backed securities (CMBS) New Issuance ratings group in its New York City headquarters. Analysts in the group are responsible for transaction execution, including conducting credit analysis, authoring published reports, and presenting analysis for the assignment of credit ratings to conduit, single-borrower, CRE CLO, single-family rental, and other types of CMBS transactions.

About the Job

• Conduct commercial real estate (CRE) property cash flow and valuation, and loan credit analysis in accordance with KBRA’s methodologies across all CRE property types.


• Lead end-to-end execution of transactions, including


• conducting property, loan and transaction level credit analysis


• presenting and defending the analysis internally to senior managers and in credit/ratings committees, and externally to banks


• leading preparation of externally published comprehensive transaction reports


• managing the process that involves multiple internal and external parties and work-streams


• Conduct property site inspections throughout the U.S. and related management meetings

You will be successful in this role if you have:

• Bachelor’s degree in a relevant field of study. Advanced degree and successful progression towards the CFA designation are pluses.


• Five or more years of relevant CRE debt underwriting or CMBS securitization experience.


• Credit / underwriting experience across multiple CRE property types


• Proficient in conducting extensive analysis in Excel


• Possess strong oral and written communications skills


• Exceptional attention to detail, with a strong commitment to quality.


• Ability to multi-task and manage through multiple compressed timelines. Be able to work both independently and in a highly collaborative inter-dependent team environment.

Salary Range

The anticipated annual base salary range for this full-time position is $120,000 to $160,000. 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


• Cell phone provided

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.

#LI-HYBRID

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.