Director, Funds Ratings — Lead Issuance & Credit Strategy

KBRA; Chicago (IL); Hybrid; USD 140,000 - 170,000; Full time

Benefits offered by this job

Hybrid work schedule

Benefits and PTO

401(k) plan with match

Educational and professional support

Referral bonus program

Job summary

KBRA in Chicago is seeking a Director for the Funds Ratings team to lead rating activity on funds and fund vehicles. The role focuses on NAV financing, subscription lines, and multi-asset strategies across real estate, private equity, and infrastructure.

The Director will supervise junior staff, develop analytical tools, and collaborate with other KBRA sectors while representing KBRA at conferences and investor meetings. Hybrid work in Chicago is offered.

Qualifications

• Bachelor’s degree in Finance, Business, or Math related fields.
• Eight (8) or more years of work experience in fund finance, investing, or structured finance.
• Experience with investment strategies in private equity, private credit, real estate, infrastructure, and asset-based lending facilities.
• Understanding of subscription lines, NAV financing, hybrid facilities, rated feeders, or other fund finance products.
• Advanced Proficiency in Excel to build and analyze excel based financial models under stress scenarios.
• Strong verbal and written communication skills to prepare clear memos and reports.

Responsibilities

• Lead new issuance rating process, including evaluating key factors such as capital structure, protection, collateral, cash flow and manager experience.
• Interact with issuers through due diligence meetings to assess investment processes and risk management.
• Prepare rating memos and new issuance reports and present recommendations to rating committees.
• Lead ongoing monitoring and surveillance of outstanding issuances and ratings.
• Develop and maintain complex spreadsheets and databases.
• Collaborate with KBRA experts across sectors to evaluate multi-asset strategies.
• Supervise and mentor junior team members to develop analytical skills.
• Lead or assist in developing analytical tools to standardize rating approaches.
• Represent KBRA at industry conferences, panels, and investor meetings.
• Assist with in-depth credit research and publications on fund-related topics.

Skills

Excel proficiency

Credit analysis

Interpersonal skills

Communication skills

Education

Bachelor’s degree in Finance or related field

CFA knowledge or pursuing CFA

Tools

Excel

AI tools

Job description

KBRA in Chicago is seeking a Director for the Funds Ratings team to lead rating activity on funds and fund vehicles. The role focuses on NAV financing, subscription lines, and multi-asset strategies across real estate, private equity, and infrastructure.

The Director will supervise junior staff, develop analytical tools, and collaborate with other KBRA sectors while representing KBRA at conferences and investor meetings. Hybrid work in Chicago is offered.