Position Title: Corporates Ratings - Associate Director (New York / Chicago) 

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-Time

Location: New York, New York; Chicago, Illinois 

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking an Associate Director to join our growing our Corporates Ratings team with a focus on conducting fundamental credit analysis and research across a wide range of sectors.

The Associate Director will work in a highly collaborative team that liaises with internal and external stakeholders to produce high quality and timely corporate credit opinions. The Associate Director will also help conduct credit research on a variety of industrial sectors, including analyzing and publishing trends, key rating factors, and evolving credit metrics. This individual will have significant interaction with senior management of corporate issuers, and their advisors. This position is based in our New York or Chicago office.

Job Responsibilities:

• Lead the credit rating process by preparing internal credit memos, analyzing cash flows, performing sector analysis, and publishing credit reports.
• Author sector research for investors and lenders across private credit, direct lending, and public debt markets.
• Assist in the development and evolution of rating processes and analytical tools.
• Participate in issuer and investor meetings to explain KBRA methodologies and demonstrate understanding of industry trends.

Key Job Qualifications:

Flourish in a fast-paced, deadline driven environment.  Effectively collaborate with your team members and are motivated to succeed and continually strive for consistency, accuracy and timeliness.

You will be successful in this role if you:

• Bachelor’s degree in finance, accounting, economics or management or any subject that prepared you to be a thoughtful qualitative and quantitative analyst and a strong writer. Master’s degree and/or CFA are preferred.
• A minimum of five (5) or more years of work experience performing credit analysis within Corporates in a rating agency, buy-side, sell-side, banking, or other similar environment within a bank or other financial institution.  Prior fundamental credit training (including financial statement analysis) is preferred.
• Conduct due diligence and interact with clients as part of the rating process.
• Possess a solid understanding of capital markets and relevant experience in credit, fixed income research or capital markets.
• Experience with corporate financial statements including 10-Ks, 10-Qs. 
• Work as an integral part of a team and across disciplines in a challenging and dynamic environment.
• Manage time and resources in a fast-growing company.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.
• Excellent communication (verbal and written) skills.
• Strong quantitative skills including advanced capabilities with Excel and proficiency in financial statement analysis.
• Ability to work, lead, and seamlessly integrate in a highly collegial, dynamic, and innovative work environment.

Salary Range:

The anticipated annual base salary range for this full-time position is $120,000 to $150,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

KBRA 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 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.

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Position Title: ABS Consumer - Director (NY/ Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois

Summary/Overview:

KBRA (Kroll Bond Rating Agency) is seeking an experienced credit analyst to join our Consumer Asset-Backed Securities (ABS) team. The position is open to candidates in our New York City Office or Chicago Office. The ideal candidate will have meaningful experience in consumer ABS asset classes (including, for example, Autos, Unsecured Consumer, Credit Card, or Student Loans). Directors and Senior Directors within the ABS group hold an integral role on the transaction rating team, engaging in all aspects of the rating process from collateral analysis to report publication while also managing and mentoring junior staff. Senior Directors often are expected to serve as thought leaders within their subject areas.

Job Responsibilities:

• Conduct and assist in transaction analysis including originator/servicer evaluation, collateral performance analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Serve as lead analyst and primary contact with clients, deal arrangers and investors.
• Prepare and present credit memoranda to rating committees and contribute to transaction reports for publication.
• Lead the development of new rating methodologies (as necessary), as well as topical research and market commentaries.
• Surveil and monitor outstanding transactions, updating ratings as warranted.
• Attend and lead discussions at investor meetings or industry events (which may require travel).

Successful candidates will possess the following:

• Bachelor’s degree required
• More than ten (10) years of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Strong Excel skills (excel test may be administered as part of the interview process)
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment.
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of asset and bond cash flows.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• 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 $160,000 to $190,000. 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.

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Position Title: Corporates – Senior Analyst (Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: Chicago, Illinois 

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking an Senior Analyst to join our growing Corporate Ratings team to focus on conducting fundamental credit research.

As a Senior Analyst, you will have the ability to formulate a view on various industries and support ratings across various sectors. You will conduct credit research on a variety of industrial and service sectors along with developing industry/sector expertise including key rating factors and key credit metrics. By leading a corporate credit rating process, including interacting with issuers, their bankers and attorneys, you will develop a credit opinion with presentations in writing and in person to credit committees. You will provide input into credit analyses for published and unpublished reports for issuers and investors and monitor a wide variety of companies within our growing Corporate Finance rating coverage.

About the Job:

• Support the rating process by preparing internal credit reports for rating committees, analyzing cash flows, and performing sector analysis.
• Provide research in relevant sectors.
• Assist in the development and evolution of rating methodologies and criteria.
• Participate in our outreach process demonstrating industry knowledge and understanding of KBRA methodologies at issuer and investor meetings.

You will be successful in this role if you have:

• Bachelors degree required with field of study in finance, economics or management ; Advanced degree, MBA or CFA preferred
• Two (2) or more years of experience performing credit analysis in a rating agency, buy-side, credit research, banking, or other similar environments.
• Strong interest and relevant experience in ratings, fixed income research, origination, or capital markets.
• Excellent verbal, written and presentation skills are essential.
• Strong quantitative skills including advanced capabilities with Excel and proficiency in financial statement analysis.
• Ability to work, lead, and seamlessly integrate in a highly collegial, dynamic, and innovative work environment.
• Able to manage time and resources in a fast-growing company.
• 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 $85,000 to $100,000. 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)
• 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.

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Position Title: Corporates - Ratings Director (NY / Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-Time

Location: New York, New York or Chicago, Illinois 

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking a Director to join our growing our Corporates Ratings team with a focus on conducting fundamental credit analysis and research across a wide range of sectors.

The Director will work in a highly collaborative team that liaises with internal and external stakeholders to produce high quality and timely corporate credit opinions. The Director will also help conduct credit research on a variety of industrial and service sectors, including analyzing and publishing trends, key rating factors, and evolving credit metrics. This individual will have significant interaction with senior management of corporate issuers, and their advisors. This position is based in our New York or Chicago office.

Job Responsibilities:

• Lead the credit rating process by preparing internal credit memos, analyzing cash flows, performing sector analysis, and publishing credit reports.
• Author sector research for investors and lenders across private credit, direct lending, and public debt markets.
• Assist in the development and evolution of rating processes and analytical tools.
• Participate in issuer and investor meetings to explain KBRA methodologies and demonstrate understanding of industry trends.

Key Job Qualifications:

Flourish in a fast-paced, deadline driven environment.  Effectively collaborate with your team members and are motivated to succeed and continually strive for consistency, accuracy and timeliness.

You will be successful in this role if you:

• Bachelor’s degree in any subject that prepared you to be a thoughtful qualitative and quantitative analyst and a strong writer. Master’s degree is preferred.
• A minimum of seven (7) or more years of work experience as a financial analyst role within a bank or other financial institution.  Prior fundamental credit training (including financial statement analysis) is preferred..
• Conduct due-diligence and interact with clients as part of the rating process.
• Possess a solid understanding of capital markets and relevant experience in credit, fixed income research or capital markets.
• Experience with corporate financial statements including 10-Ks, 10-Qs.
• Work as an integral part of a team and across disciplines in a challenging and dynamic environment.
• Manage time and resources in a fast-growing company.
• 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 $150,000 to $200,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

KBRA 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 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.

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Position Title: ABS Equipment - Director (NY/Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois 

Summary/Overview:

KBRA (Kroll Bond Rating Agency) is seeking an experienced credit analyst to join our Asset-Backed Securities (ABS) team in our New York or Chicago office. The ideal candidate will have meaningful experience across commercial/esoteric ABS sectors including equipment ABS. A Director within the ABS group holds an integral role on the transaction rating team, engaging in all aspects of the rating process from collateral analysis to report publication and managing and mentoring junior staff.

Job Responsibilities:

• Conduct transaction analysis including originator/servicer evaluation, collateral performance and loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Serve as lead analyst and primary contact with clients, deal arrangers and investors on transactions.
• Prepare or assist in the preparation of credit memoranda and presentation of transactions to rating committees, and transaction reports for publication.
• Lead the development of rating methodologies (as necessary), and special topic and market commentaries.
• Surveil and monitor rated transactions and update existing ratings as warranted.
• Attend and participate in investor discussions or industry events (which may require travel).
• Manage a team of junior analysts, mentoring and fostering their professional development.

Successful candidates will possess the following:

• More than eight (8) years of demonstrated experience in credit analysis within the ABS sector at a rating agency, buy-side investor, credit research, or similar environment. Direct experience in equipment ABS is a must.
• Strong Excel skills (excel test may be administered as part of the interview process)
• Ability to take initiative, work independently, and work closely with partners in a collaborative environment. 
• Strong analytical skills relating to transaction evaluation, including asset credit risk assessment, and analysis of asset and bond cash flows.
• Demonstrated ability to make independent, well-reasoned credit decisions under time-sensitive conditions.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• 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 $160,000 to $190,000. 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.

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Position Title: ABS Consumer – Associate / Associate Director (NY / Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois, United States

Summary/Overview:

KBRA (Kroll Bond Rating Agency) is seeking an experienced credit analyst to join our Asset-Backed Securities (ABS) team is expanding. The ideal candidate will have experience in ABS sectors, either consumer (such as auto loans, consumer loans, credit cards, etc.) or commercial/esoteric (data center, equipment, communications infrastructure, aviation etc.). The candidate may be expected work across asset classes within ABS. Successful candidates will possess an ability to be highly adaptable and show strong critical thinking skills. An Associate/Associate Director within the ABS group holds an integral role on the transaction rating team, engaging in all aspects of the rating process from collateral analysis to report publication.

About the Job:

• Conduct transaction analysis including originator/servicer evaluation, collateral performance and loan pool analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Assist in the preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to individual transaction reports for publication.
• Assist in the publication of market commentaries related to topical events or research.
• Serve as secondary contact to investors and clients or structuring banks, working under the guidance and direction of senior team members.
• Engage in ongoing surveillance of rated transactions and updating ratings as warranted.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which, in some cases, may require travel).

You will be successful in this role if you have:

• B.A. / B.S. degree in a relevant field of study.
• Minimum of three (3)+ for Associate, five(5)/six (6)+ years for Associate Director of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Strong Excel skills (excel test may be administered as part of the interview process)
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of asset and bond cash flows.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• Ability to take initiative, work independently, and work closely with partners in a collaborative 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.

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Position Title: ABS Commercial / Esoteric – Associate / Associate Director (NY / Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, NY or Chicago, Illinois, United States

Summary/Overview:

KBRA (Kroll Bond Rating Agency) is seeking an experienced credit analyst to join our Commercial Asset-Backed Securities (ABS) team. The position is open to candidates in our New York City Office or Chicago Office. The ideal candidate will have experience in commercial ABS asset classes (including, for example, data centers, communications infrastructure, equipment, or aviation); this is preferred, but not required. Successful candidates will possess an ability to be highly adaptable and show strong critical thinking skills. An Associate or Associate Director within the ABS group holds an integral role on the transaction rating team, engaging in all aspects of the rating process from collateral analysis to report publication.

About the Job:

• Conduct and assist in transaction analysis including originator/servicer evaluation, collateral performance analysis, modeling and analysis of bond structure, and review of legal structure and documentation.
• Assist in the preparation of credit memoranda and presentation of transactions to rating committees.
• Prepare and contribute to individual transaction reports for publication.
• Serve as secondary contact to investors and clients or structuring banks, working under the guidance and direction of senior team members.
• Assist in the publication of market commentaries related to topical events or research.
• Engage in ongoing surveillance of rated transactions and updating ratings as warranted.
• Attend and participate in seller/servicer due diligence, investor discussions, or industry events (which, in some cases, may require travel).

You will be successful in this role if you have:

• Bachelor’s degree in a relevant field of study required.
• Associate level: Minimum of three (3) + years of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Associate Director level: Minimum five (5) + years of demonstrated experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment.
• Strong Excel skills (excel test may be administered as part of the interview process)
• Strong analytical skills relating to transaction evaluation, including loan credit risk assessment and analysis of asset and bond cash flows.
• Proficient with relevant financial modeling software (e.g. Intex)
• Strong oral and written communications skills (writing sample on request).
• Exceptional attention to detail.
• Ability to take initiative, work independently, and work closely with partners in a collaborative 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.

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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.

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Position Title: CMBS New Issuance – Director/Senior 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.
• Manage and/or mentor junior members of the team.  Review cash flow analyses, asset summaries, and presale reports.
• Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research
• Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types.

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.
• 10+ years of relevant CRE debt underwriting or CMBS securitization experience for a Director level consideration
• 15+ years of relevant CRE debt underwriting or CMBS securitization experience for Senior Director level consideration
• 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 $160,000 to $220,000. 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.

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Position Title:  Ratings Legal Attorney - Private Credit & Funds (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 a global credit rating agency with a mission to set new standards of excellence, integrity and transparency and to become the trusted alternative in credit ratings.  The market leader in private credit, KBRA is now inviting applications from motivated, self-starting funds or securitization lawyers to join its growing business and work on private credit and funds transactions.  The position will be based in our New York or Chicago offices.

About the Job:

You will play an important role in the rating process, working across a wide range of fund investment and fund finance transactions (e.g., feeder fund rated notes and CFOs, NAV facilities, middle-market CLOs) and assessing and articulating the credit impact of deal structure, documentation and other legal considerations.  Key responsibilities will include:

• Reviewing financing documents and relevant fund-level documents
• Identifying the potential credit impact of transaction structures and deal documents
• Coordinating with rating analysts on relevant legal issues
• Participating in rating committees
• Supporting the analytical team with the preparation of KBRA’s market-leading ratings and research reports

About the Team:

Unique among rating agencies, the members of KBRA’s Ratings Legal team work alongside ratings analysts to identify, evaluate, and articulate key legal and credit features and risks in transaction structures. As integral members of the credit ratings groups they support, they contribute to research reports and methodology development and engage in investor outreach. Ultimately, the lawyers in Ratings Legal serve as an important safeguard for ensuring the quality, accuracy, timeliness and consistency of KBRA’s ratings. 

You will be successful in this role if you have:

• Qualified lawyer with 4-6 years post-qualification experience in feeder fund rated notes and CFOs, structured finance, or fund finance
• Ability to take initiative and work independently, as well as to collaborate effectively with others
• Excellent communication skills
• Excellent research, analytical and organizational skills
• Ability to work on multiple transactions simultaneously while meeting deadlines and maintaining standards
• 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 $200,000 to $240,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

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 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.

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Position Title: Marketing and Communications - Director (NY / Chicago)

Entity: KBRA Holdings LLC

Employment Type: Full-Time

Location: New York, New York or Chicago, Illinois 

Summary:

We are seeking an accomplished Director-level leader to join our dynamic Marketing and Communications team and play a pivotal role in elevating the KBRA Analytics brand and its products. In this highly visible position, you will spearhead the development and execution of integrated marketing strategies that support our full suite of products and data solutions. You’ll shape how KBRA Analytics shows up in the market—building programs that strengthen brand awareness, deepen audience engagement, and accelerate product adoption.

The ideal candidate brings a blend of strategic acumen, creative vision, and hands-on expertise in B2B marketing. You excel at turning complex ideas into compelling narratives, orchestrating multichannel campaigns, and translating metrics into actionable insights. You’re comfortable partnering across product, sales, and subject-matter expert teams, ensuring that marketing initiatives are aligned, impactful, and measurable.

If you thrive at the intersection of strategy, execution, and innovation, and enjoy shaping how a brand grows and competes in the market, this role offers a meaningful platform to make your mark. This is a hybrid role based in either our New York or Chicago office.

About the Job:

• Drive marketing strategies that advance the goals of the KBRA Analytics product suite, ensuring every initiative supports measurable business impact.
• Partner with product owners, sales, and subject matter experts to shape and execute go-to-market strategies for new product launches and initiatives.
• Lead the development of content strategies that power multichannel promotion—including social media, paid media, and email marketing.
• Oversee campaign lifecycles from planning to execution, ensuring tasks are delegated and timelines are met.
• Analyze market trends, competitive intelligence, and audience insights to inform strategic decision-making.
• Monitor and optimize campaign performance to maximize engagement, conversions, and subscriber growth, using analytics platforms to measure and report on the success of marketing initiatives.
• Present marketing developments, campaign outcomes, and new ideas to key stakeholders to secure alignment and support for initiatives.
• Leverage video content to promote thought leadership, highlight product insights, and enhance audience engagement across digital platforms.
• Produce and curate high-quality, engaging content that resonates with target audiences.
• Leverage audience segmentation and personalization to enhance email marketing performance.

You will be successful in this role if you possess:

• Bachelor’s degree in Marketing, Business, Finance or a related field.
• 7 to 10 years of experience in B2B marketing strategy development and execution.
• Proven ability to lead successful campaigns in the credit ratings industry, broader financial markets, or adjacent data/analytics sectors.
• Strong understanding of product marketing principles, including value proposition development, competitive positioning, and go-to-market strategy.
• Advanced knowledge of project management tools and workflows, with the ability to organize complex initiatives and drive them to completion.
• Familiarity with CRM systems (such as Salesforce) and how they integrate with marketing technology stacks.
• Proficiency in Adobe Marketo or comparable email automation platforms, with hands-on experience building, optimizing, and analyzing campaigns.
• Strong analytical mindset with the ability to interpret performance data, identify insights, and translate findings into actionable strategies.
• Exceptional written and verbal communication skills, including the ability to present marketing strategies and outcomes to senior leadership.
• Knowledge of Adobe Creative Suite or similar creative platforms is a plus.
• 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 $125,000 - $175,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

Benefits:

• A flexible hybrid work schedule – Tuesdays, Wednesdays, 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 Us:

KBRA is a full-service credit rating agency registered in the U.S., the EU and the UK, and is designated to provide structured finance ratings in Canada. KBRA’s ratings can be used by investors for regulatory capital purposes in multiple jurisdictions.

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.

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Position Title:  Funds Ratings - Director (Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: Chicago, IL 

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking a Director to join our growing Funds Ratings team in the Chicago office.  The Funds team assigns and monitors credit ratings on various debt instruments issued by funds, and other fund vehicles. KBRA evaluates financing instruments that support fund operations, enhance liquidity, and optimize capital structures. These include subscription credit lines, which provide liquidity by bridging capital calls; NAV-based loans and credit facilities, which offer leverage against a fund’s portfolio assets; and feeder fund rated notes, which facilitate investment through debt instruments. KBRA’s growing ratings portfolio encompasses funds which leverage a variety of investment strategies including fixed income securities, private equity, private credit, direct lending, real estate, infrastructure and asset based financing.  A strong candidate will have extensive experience and interest in fund investment and credit strategies and how funds operate, deploy capital, and generate cash flows.

About the Job:

• Lead new issuance rating process, including evaluating key factors including an issuance’s capital structure, legal protection, collateral quality, cash flow dynamics and the manager’s experience and track record.
• Interact with issuers, conducting due diligence meetings with issuers and managers to assess their investment process, experience, risk management skills, and overall ability to execute strategies. 
• Prepare rating memos and new issuance report and making recommendations to the rating committees.
• Lead ongoing monitoring and surveillance process and keep abreast of developments on the outstanding issuances and ratings.             
• Develop and maintain complex spreadsheets and databases.
• Collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance to develop approaches to evaluating complex multi-assets strategies.
• Supervise and mentor junior team members to leverage their contributions while supporting their development of analytical and professional skills.
• Lead or assist with the development of analytical tools to standardize rating approaches and streamline new issuance and surveillance processes.
• Represent KBRA at industry conferences, panels, and investor meetings, engaging with market participants to share insights on fund ratings and credit trends.
• Assist with in-depth credit research and publications on new development, trends or topical subjects related to funds. 

You will be successful in this role if you have:

• 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 to assess asset cash flow projections, and debt repayment under stress scenarios
• Ability to assess creditworthiness of funds, assets, and counterparties; understanding how this applies to rating methodologies is a plus.
• Strong verbal and written communication skills to prepare clear, concise, and well-reasoned credit memos and reports and present them to committees in an efficient manner.
• Strong interpersonal skills to work as an integral part of a highly collaborative team and across disciplines in a challenging and dynamic environment and effectively manage internal and external relationships.
• CFA or interest in obtaining CFA a plus 
• Ability to manage time and resources in fast-growing company.
• 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 $140,000 to $170,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

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 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.

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Position Title: Funds Ratings - Associate / Associate Director (Chicago)

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: Chicago, IL

Summary/Overview:

Kroll Bond Rating Agency, LLC. is seeking an Associate/Associate Director to join our growing Funds Ratings team in the Chicago office. The Funds team assigns and monitors credit ratings on various debt instruments issued by funds, closed-end funds, and other fund vehicles.  KBRA’s growing ratings portfolio encompasses funds which leverage a variety of asset growth and income generation strategies including fixed income securities, private equity, private credit, real estate, and middle market lending.  A strong candidate will have extensive experience and interest in fund investment and credit strategies. 

About the Job:

• Assist with credit research on a variety of funds, closed-end funds, and other investment vehicles.
• Assist with the development of rating and analytical tools such as cash flow and asset coverage models used to evaluate fund debt structures.
• Assist in the quantitative and qualitative preparation and presentation of internal credit memos and publications.
• Participate in diligence meetings with fund management teams to assess their investment acumen, risk management skills, and overall ability to develop and successfully execute strategies.               
• Develop and maintain complex spreadsheets and databases.
• Ability to leverage and seamlessly collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance.
• Assist in research for internal and publication purposes.
• Associate Directors will have the ability to independently lead credit ratings process and research efforts on a variety of debt transactions involving investment funds, and other related vehicles and to Lead/assist in the development of rating and analytical tools such as cash flow models used to evaluate fund debt structures.

You will be successful in this role if you have:

• Bachelor’s degree in Finance, Business, or Math related fields or any subject that results in strong analytical skills.
• Four (4) to Eight (8) years of work experience as a credit analyst with experience in fund lending, investing, or structured finance is a significant plus.
• Ability to work as an integral part of a highly collaborative team and across disciplines in a challenging and dynamic environment.
• Ability to manage time and resources in a fast-growing company.
• Effective oral and written communications skills. 
• Proficiency in Advanced Excel, ability to cash flow model is a significant plus.
• Extremely high attention to detail.
• Proficiency in SQL and VBA for querying databases a strong advantage.
• Successful progression towards CFA a plus.
• 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 $130,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

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 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.

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