CMBS New Issuance - Associate (NY)

Position Title: CMBS New Issuance - Associate (NY)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York, United States

Summary/Overview:

KBRA (Kroll Bond Ratings Agency, LLC) is seeking an Associate to join our Commercial Mortgage-Backed Security (CMBS) New Issuance team in the New York office.      

About the Team:

Our CMBS New Issuance team rates transactions spanning across CMBS, CRE, CLO, and SFR asset classes, among others.  Our primary objective is to assign credit ratings and perform high quality work in a timely manner, which involves conducting property cash flow and valuation analysis; pool-level and structure analysis; and publishing our viewpoints based on our research and analysis. We pride ourselves on the quality, accuracy, timeliness and consistency of our product.

About the Job:

• Work with the best-in-class rating agency to lead and assist in the ratings process for New Issue CMBS and CRE CLO transactions, including performing detailed credit analysis and overall transaction management.
• Develop detailed cash flow and value analyses for commercial real estate properties and author comprehensive asset summaries for publication.
• Draft presale reports, that accompany our ratings, which highlight the transaction’s key credit considerations and pool characteristics.
• Conduct property site visits, averaging several days per month, which can involve air and car travel, and document findings for internal and external use.
• Prepare and deliver internal and external presentations in Word and Excel.
• Support, manage and/or mentor junior members of the team.

About You:

You are motivated to succeed in a dynamic deal-based team environment which includes multi-tasking, navigating through tight and shifting deadlines, and collaborating with teammates, while taking initiative and working independently.

You will be successful in this role if you have:

• Three (3) or more years of relevant commercial Real Estate Finance or CMBS experience, preferably underwriting loans and/or participating in the CMBS securitization process.
• B.A. / B.S. degree in Finance, Accounting, or Real Estate.  A Master’s degree is a plus.
• Excellent verbal, written, and presentation skills are essential.
• Proficient Excel skills, with the ability to write and adapt formulas.
• Writing skills, typically in Word, with exceptional attention to detail.
• Willingness to take on leadership responsibilities and execute accurately.
• The ability to multitask and manage multiple timelines.

Salary Range:

The anticipated annual base salary range for this full-time position is $95,000 to $110,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits:

• 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.

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