CMBS New Issuance – Associate / Associate Director (NY / Chicago)

The role

This person will conduct credit analysis and transaction execution for CMBS New Issuance ratings. They will author published reports and present analysis for conduit, single-borrower, CRE CLO, and single-family rental transactions.

What you will do

• Conduct commercial real estate property cash flow, valuation, and loan credit analysis
• Lead end-to-end execution of transactions
• Conduct property, loan and transaction level credit analysis
• Present and defend analysis internally to senior managers and committees and externally to banks
• Lead preparation of externally published comprehensive transaction reports
• Manage the process involving multiple internal and external parties and work-streams
• Conduct property site inspections throughout the U.S. and related management meetings

Required qualifications

• Bachelor’s degree in a relevant field of study
• Three plus years of relevant CRE debt underwriting or CMBS securitization experience for Associate level
• Five plus years of relevant CRE debt underwriting or CMBS securitization experience for Associate Director
• Credit / underwriting experience across multiple CRE property types
• Proficient in conducting extensive analysis in Excel
• Strong oral and written communications skills
• Exceptional attention to detail
• Ability to multi-task and manage through multiple compressed timelines
• Ability to work both independently and in a highly collaborative inter-dependent team environment

Nice to have

• Advanced degree
• Successful progression towards the CFA designation
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity

Benefits

• 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 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.