REIT and Real Estate Fund Ratings Analyst - Senior Director (NY) New York, New York, United States

Kroll Bond Rating Agency, Inc.; New York (NY); On-site; USD 180,000 - 220,000; Full time

Job summary

An established industry player is on the lookout for a seasoned REIT and Real Estate Fund Ratings Analyst to join their dynamic team in New York. This pivotal role involves conducting thorough credit analyses, leading presentations, and preparing detailed reports on commercial real estate debt. The ideal candidate will leverage their expertise in capital markets and financial modeling while enjoying a hybrid work schedule and a suite of competitive benefits. If you are passionate about real estate finance and eager to make an impact, this opportunity is tailored for you.

Benefits

Hybrid work schedule

Competitive benefits

Paid family and disability leave

401(k) plan with employer match

Educational financial assistance

Employee referral bonus

Cell phone provided

Qualifications

• Bachelor's degree required with knowledge of commercial real estate debt.
• Strong communication skills and proficiency in financial analysis tools.

Responsibilities

• Participate in ratings and surveillance for corporate-level debt issued by REITs.
• Lead rating committee presentations and author in-depth company reports.

Skills

Knowledge of commercial real estate debt capital markets

Strong verbal and written communication skills

Proficiency in Bloomberg

Intermediate Microsoft Excel skills

Ability to generate private market value estimates

Education

Bachelor's degree

Tools

Bloomberg

Microsoft Excel

Job description

REIT and Real Estate Fund Ratings Analyst - Senior Director (NY)

New York, New York, United States

Position Title: REIT and Real Estate Fund Ratings Analyst - Senior Director (NY)

Department: REIT

Employment Type: Full-time

Location: New York, NY

Summary/Overview:

Kroll Bond Rating Agency (KBRA) is seeking an experienced real estate investment trust (REIT) credit analyst to join its REIT/Real Estate Funds group in New York. Analysts in the group are responsible for initial ratings and surveillance of corporate-level unsecured debt of REITs, institutional real estate funds, and related CRE operating companies, both in the U.S. and Europe. Analysts are typically responsible for 10-12 credits, updating financial models, monitoring industry conditions and trends, participating in calls with senior management, and preparing annual ratings surveillance reports and committee memorandums.

Job Responsibilities:

• Participate in all elements of initial ratings and surveillance for corporate-level debt issued by REITs, institutional real estate funds, and other owners of commercial real estate properties in the U.S. and other countries.
• Assess company access to capital and funding sources/commitments, and monitor risks associated with company operating, development and financing strategies.
• Lead rating committee presentations and meetings with company management, investors, and bankers to discuss relative merits of individual companies, property types, property markets/economies, and financing/issuer structures.
• Incorporate third party property market and economic research into credit analysis and rating reports.
• Author in-depth company reports and press releases, sector outlooks, and special reports on capital and property market trends.
• Review terms of bond offering documents and credit facilities and monitor covenant compliance.
• Maintain peer group comparisons of credit metrics generated internally and from third-party sources.
• Assimilate third-party research on property type and market/economic outlooks, and analysis of debt and property schedules into ratings and reports.
• Review and edit reports of associate team members.

Successful candidates will possess the following:

• Bachelor's degree required
• Knowledge of secured and unsecured commercial real estate debt capital markets and financing strategies.
• Familiarity with various issuer structures—including public REITs, real estate funds, non-REIT property operating companies, and non-traded REITs.
• Strong verbal and written communications skills.
• Knowledge of underlying demand drivers for various property types and regional markets/economies.
• Proficiency in review of issuer financial statements—including GAAP, fair-market-value and IFRS.
• Ability to generate private market values estimates for underlying properties.
• Proficiency in use of Bloomberg for sourcing issuer-reported documents and in financial analysis.
• Knowledge of lease structures, expense ratios, and capital expenditure requirements for various property types.
• Intermediate Microsoft Excel skills including ability to build pro forma financial models.
• Ability to meet deadlines and manage rating process.

Salary Range:

The anticipated annual base salary range for this full-time position is $180,000 to $220,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

• A hybrid work schedule and flex hours
• 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. 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-DG1

#LI-HYBRID

Apply for this job

* indicates a required field

First Name *

Last Name *

Email *

Phone *

Resume/CV *

Address

LinkedIn Profile

How soon are you available to start a new role? *

Will you require sponsorship to work in the US now or in the future? *

What are your base salary expectations and total compensation expectations? (Please specify and please provide a number or range) *

Are you willing to work in our New York office? * Select...

Were you referred by a current KBRA employee? If yes, then please indicate the specific KBRA employee. If no, then please say N/A. *

Please disclose any outside business activities in which you participate that may present a possibility of conflict of interest to KBRA. *

KBRA maintains regulatory requirements and expects potential employees and employees not to engage in any outside employment or other outside activities that could constitute an actual or apparent conflict of interest with their employment with KBRA.

By clicking Submit Application, you acknowledge that you have read the KBRA Privacy Statement, KBRA Europe and UK Employee Data Privacy Notice, and Privacy Notice to California Employees, as applicable, as well as the Greenhouse Privacy Policy.