Funds Ratings Associate Director — Hybrid Chicago

KBRA; Chicago (IL); Hybrid; USD 100,000 - 130,000; Full time

Benefits offered by this job

Hybrid work schedule

Competitive benefits and PTO

Paid family and disability leave

401(k) with employer match

Educational/professional development

Employee referral bonus

Job summary

KBRA, based in Chicago, seeks an Associate/Associate Director for the Funds Ratings team. You will support credit research on funds and investment vehicles, develop cash flow and asset coverage models, and help prepare internal memos and publications.

Ideal candidates have 4–8 years as a credit analyst, strong Excel/SQL/VBA skills, and a CFA progression. This hybrid, in-office schedule emphasizes collaboration and rigorous analysis in a fast-growing environment.

Qualifications

• Bachelor’s degree in Finance, Business, or Math with strong analytical skills.
• 4–8 years as a credit analyst with fund lending, investing or structured finance is a plus.
• Ability to work in a collaborative, cross-disciplinary team.
• Manage time and resources in a fast-growing company.
• Excellent oral and written communication skills.
• Proficiency in Advanced Excel; cash flow modeling a plus.
• Attention to detail and accuracy.
• SQL and VBA proficiency is advantageous.
• CFA progression is a plus.
• Familiarity with Generative AI tools like ChatGPT is a plus.

Responsibilities

• Assist with credit research on funds, closed-end funds, and other investment vehicles.
• Develop rating and analytical tools including cash flow and asset coverage models.
• Prepare and present internal credit memos and publications.
• Participate in diligence meetings with fund management teams.
• Develop and maintain complex spreadsheets and databases.
• Collaborate with KBRA experts across sectors such as project finance and structured finance.
• Assist in research for internal and publication purposes.
• Associate Directors may lead credit ratings processes and research on fund debt structures.

Skills

Advanced Excel

SQL

VBA

Financial analysis

Communication skills

Generative AI

CFA candidacy

Education

Bachelor’s degree in Finance/Business/Math

Job description

KBRA, based in Chicago, seeks an Associate/Associate Director for the Funds Ratings team. You will support credit research on funds and investment vehicles, develop cash flow and asset coverage models, and help prepare internal memos and publications.

Ideal candidates have 4–8 years as a credit analyst, strong Excel/SQL/VBA skills, and a CFA progression. This hybrid, in-office schedule emphasizes collaboration and rigorous analysis in a fast-growing environment.