Funds Ratings - Director (Chicago)

The role

The Director will assign and monitor credit ratings on various debt instruments issued by funds and other fund vehicles. This role involves leading the new issuance rating process, conducting due diligence, and supervising junior team members.

What you will do

• Lead new issuance rating process
• Interact with issuers and conduct due diligence meetings
• Prepare rating memos and new issuance reports
• Lead ongoing monitoring and surveillance process
• Develop and maintain complex spreadsheets and databases
• Collaborate with KBRA experts in other sectors
• Supervise and mentor junior team members
• Lead or assist with the development of analytical tools
• 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 is required 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 creditworthiness assessment 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 hybrid work schedule (Tuesday, Wednesday and Thursdays 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.