Funds Ratings - Director (London)

The role

The Director will assign and monitor credit ratings on various debt instruments issued by funds and other fund vehicles. This includes evaluating financing instruments like subscription credit lines, NAV-based loans, and feeder fund rated notes.

What you will do

• Lead new issuance rating process including evaluating capital structure, legal protection, collateral quality, cash flow dynamics and manager experience.
• Interact with issuers and conduct due diligence meetings to assess investment processes and risk management.
• Prepare rating memos and new issuance reports and make recommendations to rating committees.
• Lead ongoing monitoring and surveillance process.
• Develop and maintain complex spreadsheets and databases.
• Collaborate with KBRA experts in other sectors to develop approaches for evaluating complex multi-assets strategies.
• Supervise and mentor junior team members.
• Lead or assist with the development of analytical tools to standardize rating approaches.
• Represent KBRA at industry conferences, panels, and investor meetings.
• Assist with in-depth credit research and publications.

Required qualifications

• Bachelor’s degree in Finance, Business, or Math related fields or any subject that results in strong analytical skills.
• 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.
• Experience reviewing legal documents and strong understanding of liability structures, LTV/advance rates, payment priorities, and structural protections.
• Advanced Proficiency in Excel to build and analyze excel based financial models.
• Strong verbal and written communication skills.
• Strong interpersonal skills.
• Ability to manage time and resources in fast-growing company.

Nice to have

• Understanding how assessing creditworthiness of funds, assets, and counterparties applies to rating methodologies is a plus.
• CFA or interest in obtaining CFA a plus
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Benefits

• A flexible hybrid work schedule – Tuesdays, Wednesdays, Thursdays in the office
• Competitive benefits and paid time off
• Pension plan
• Educational and professional development financial assistance
• Employee referral bonus program

About the company

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 UK Limited is registered as a CRA with the UK Financial Conduct Authority.