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CMBS - Associate Director (NY)

KBRA Open
New York Full-time Director Investment & Corporate Development

At a glance

Director-level Investment & Corporate Development role at KBRA. New York · full-time · $120,000–$160,000 base.

SalaryStated by KBRA
$120,000 – $160,000
Base salary for this role, in USD per year, as published in the posting.
This role, from KBRAOur estimate for the market: $200,000–$275,000Median $237,500
Below the market median of $237,500 for lead investment & corporate development roles in New York.
Worked out from 96 postings that stated pay, median $237,500. Last updated Oct 29, 2026.
RoleInvestment & Corporate Development
SeniorityDirector
LocationNew York
EmploymentFull-time
Base pay$120,000–$160,000
PostedOct 28, 2026
Role brief

financeroles summary, based on the employer's posting.

What you'll do

  • Analyze CRE property cash flows, valuations and loan credit across the property types covered by KBRA’s methods
  • Drive CMBS transactions from analysis through rating, including presenting and defending your work in committees
  • Prepare comprehensive reports for publication and coordinate the people and workstreams needed to complete each deal
  • Inspect properties around the U.S. and meet with their managers

What you bring

  • At least five years in CRE debt underwriting or CMBS securitization
  • A bachelor’s degree in a relevant field and credit or underwriting work across multiple CRE property types
  • Strong Excel analysis skills, clear communication and close attention to quality

Who this fits

This suits an experienced CRE credit analyst who can handle compressed timelines, work independently and collaborate closely with others. The role is based in New York, with office attendance Tuesday through Thursday and property visits across the U.S.

From the employer

Position Title: CMBS - Associate Director (NY)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York, United States

Summary/Overview:

Kroll Bond Rating Agency (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its industry-leading commercial mortgage-backed securities (CMBS) New Issuance ratings group in its New York City headquarters. Analysts in the group are responsible for transaction execution, including conducting credit analysis, authoring published reports, and presenting analysis for the assignment of credit ratings to conduit, single-borrower, CRE CLO, single-family rental, and other types of CMBS transactions.

About the Job:

  • Conduct commercial real estate (CRE) property cash flow and valuation, and loan credit analysis in accordance with KBRA’s methodologies across all CRE property types.
  • Lead end-to-end execution of transactions, including
    • conducting property, loan and transaction level credit analysis
    • presenting and defending the analysis internally to senior managers and in credit/ratings committees, and externally to banks
    • leading preparation of externally published comprehensive transaction reports
    • managing the process that involves multiple internal and external parties and work-streams
  • Conduct property site inspections throughout the U.S. and related management meetings

You will be successful in this role if you have:

  • Bachelor’s degree in a relevant field of study. Advanced degree and successful progression towards the CFA designation are pluses.
  • Five or more years of relevant CRE debt underwriting or CMBS securitization experience.
  • Credit / underwriting experience across multiple CRE property types
  • Proficient in conducting extensive analysis in Excel
  • Possess strong oral and written communications skills
  • Exceptional attention to detail, with a strong commitment to quality.
  • Ability to multi-task and manage through multiple compressed timelines. Be able to work both independently and in a highly collaborative inter-dependent team environment.

Salary Range:

The anticipated annual base salary range for this full-time position is $120,000 to $160,000. 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
  • 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. 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.

Opportunity

Investment & Corporate Development work from LinkedIn, X, Reddit and Upwork, in one list.

Each morning you get everything that fits, strongest first.

Investment & Corporate Development$120k+

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Find me work
Opportunity

Investment & Corporate Development work from LinkedIn, X, Reddit and Upwork, in one list.

Each morning you get everything that fits, strongest first.

Find me work

By the team behind financeroles.