CMBS New Issuance – Associate / Associate Director (NY / Chicago)
At a glance
Director-level Investment & Corporate Development role at KBRA. New York · full-time · $100,000–$150,000 base.
financeroles summary, based on the employer's posting.
What you'll do
- Assess CRE property cash flows, valuations and loans across property types using KBRA’s rating methods
- Run transactions from credit review through rating committee discussions and presentations to banks
- Prepare detailed reports for publication and coordinate the internal and external teams involved
- Inspect properties around the U.S. and take part in related meetings with management
What you bring
- A relevant bachelor’s degree and the required CRE debt underwriting or CMBS securitization experience for your level
- Credit or underwriting work covering multiple types of commercial real estate properties
- Strong Excel analysis skills, careful attention to accuracy, and clear written and spoken communication
- You can handle overlapping tight deadlines while working independently and with a team
Who this fits
This role suits an experienced CRE credit analyst pursuing the Associate or Associate Director level. The job is based in New York or Chicago, with office attendance Tuesday through Thursday. Property visits across the U.S. are part of the work.
From the employer
Position Title: CMBS New Issuance - Associate / Associate Director (NY/ Chicago)
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-time
Location: New York, NY or Chicago, Illinois
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 or Chicago office. 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
- Three (3) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate level required
- Five (5) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate Director required
- 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
- Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus
Salary Range:
The anticipated annual base salary range for this full-time position is $100,000 to $150,000. 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.