Funds Ratings Analyst/Senior Analyst at Kroll Bond Rating Agency | New York

Position Title: Funds Ratings - Analyst / Senior AnalystEntity: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York, NYSummary/Overview:Kroll Bond Rating Agency (KBRA) is actively seeking a dedicated Analyst/Senior Analyst to enhance our expanding Funds Ratings team in the vibrant New York office. The Funds team is responsible for assigning and monitoring credit ratings for an array of debt instruments issued by various funds, including closed-end funds and other investment vehicles. Our diverse ratings portfolio includes funds employing a range of asset growth and income generation strategies, such as fixed income securities, private equity, private credit, real estate, and middle market lending. We are in search of a candidate who possesses extensive experience and a keen interest in fund investment and credit strategies.About the Job:Conduct credit research on a variety of funds, closed-end funds, and other investment vehicles.Contribute to the development of rating and analytical tools, including cash flow and asset coverage models essential for evaluating fund debt structures.Assist in the quantitative and qualitative preparation and presentation of internal credit memos and publications.Engage in due diligence meetings with fund management teams to assess their investment expertise, risk management capabilities, and overall strategic execution.Create and maintain complex spreadsheets and databases.Collaborate effectively with KBRA experts across various sectors, including project finance, corporate finance, financial institutions, and structured finance.Support research initiatives for internal and publication purposes.

Position Title: Funds Ratings - Director (New York) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY Overview: Kroll Bond Rating Agency, LLC (KBRA) is actively looking for a Director to enhance our expanding Funds Ratings team in our New York office. This team is responsible for assigning and monitoring credit ratings for a variety of debt instruments issued by funds and similar investment vehicles. KBRA evaluates financial instruments that facilitate fund operations, enhance liquidity, and optimize capital structures, including subscription credit lines, NAV-based loans, and feeder fund rated notes. Our diverse ratings portfolio covers a wide range of investment strategies, such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. The ideal candidate will possess substantial experience and a strong interest in fund investment and credit strategies, understanding how funds operate, allocate capital, and generate cash flows. Key Responsibilities: Oversee the new issuance rating process, evaluating critical factors such as capital structure, legal protections, collateral quality, cash flow dynamics, and the manager’s track record. Engage with issuers and conduct due diligence meetings to assess their investment processes, risk management capabilities, and overall execution efficacy. Draft rating memos and new issuance reports, providing recommendations to the rating committees. Lead ongoing monitoring and surveillance of current issuances and ratings, ensuring awareness of developments. Develop and maintain complex analytical spreadsheets and databases. Collaborate with KBRA’s experts across other sectors, such as project finance and structured finance, to innovate evaluation methods for complex multi-asset strategies. Mentor and supervise junior team members, fostering their analytical and professional growth.

Position Title: Director/Senior Director - REIT and Real Estate Fund Ratings Analyst Department: REIT Employment Type: Full-time Location: New York, NY Summary: Kroll Bond Rating Agency (KBRA) is on the lookout for a seasoned professional to join our REIT/Real Estate Funds team in New York. As a REIT and Real Estate Fund Ratings Analyst, you will play a critical role in assessing and rating corporate-level unsecured debt for REITs, institutional real estate funds, and associated commercial real estate operating companies across the U.S. and Europe. This position involves managing 10-12 credits, updating financial models, monitoring industry dynamics, engaging with senior management, and preparing comprehensive annual ratings surveillance reports and committee memorandums. Key Responsibilities: Lead all phases of initial ratings and ongoing surveillance for corporate-level debt issues from REITs and real estate funds. Evaluate companies' access to capital and funding sources, while monitoring operational and financial risks. Facilitate rating committee meetings and present findings to management, investors, and bankers regarding individual companies and markets. Integrate third-party property market and economic research into credit assessments and rating reports. Write detailed company reports, press releases, sector analyses, and special reports on market trends. Review bond offering documents and credit facilities, ensuring compliance with covenants. Maintain comparative analysis of credit metrics sourced internally and externally. Guide and review reports prepared by associate team members. Qualifications: Bachelor’s degree required. Over 8 years of experience in research and analysis focused on REITs or real estate. Strong analytical, communication, and presentation skills. Proficient in financial modeling and credit analysis. Experience in interacting with senior stakeholders and presenting findings.

Position Title: Funds Ratings Associate / Associate Director Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY Overview: Kroll Bond Rating Agency, LLC is on the lookout for an enthusiastic Associate/Associate Director to bolster our expanding Funds Ratings team in New York. This role involves assigning and monitoring credit ratings for various debt instruments issued by funds, closed-end funds, and other financial vehicles. Our diverse ratings portfolio includes funds utilizing a range of growth and income generation strategies across asset classes such as fixed income securities, private equity, private credit, real estate, and middle market lending. We seek a candidate with a robust background and passion for fund investment and credit strategies. Key Responsibilities: Conduct credit research on a diverse array of funds and investment vehicles. Assist in the creation of rating and analytical models, including cash flow and asset coverage models to assess fund debt structures. Prepare and present internal credit memos and publications through quantitative and qualitative analysis. Engage in diligence meetings with fund management teams to evaluate their investment expertise, risk management capabilities, and strategy execution. Develop and maintain intricate spreadsheets and databases for analysis. Collaborate with KBRA specialists in various sectors, including project finance, corporate finance, and structured finance. Support research initiatives for internal use and publication purposes. Associate Directors will independently lead the credit ratings process and research on various debt transactions involving investment funds. Qualifications: Bachelor's degree in Finance, Economics, or a related field. Demonstrated experience in credit analysis, fund investment strategies, or related fields. Strong analytical skills with the ability to interpret complex financial data. Exceptional communication and presentation skills. Proficiency in Excel and financial modeling.

Kroll Bond Rating Agency, LLC (KBRA) is seeking an Analyst or Senior Analyst to join its Corporate Ratings team in New York. This position centers on credit ratings and research for sectors including aviation, shipping, rail, and Real Estate Investment Trusts (REITs). Role overview The Analyst or Senior Analyst will work on credit analysis, research, and monitoring a portfolio of companies. The role involves preparing reports, supporting senior analysts, and contributing to rating discussions. The position is based in KBRA’s New York office. What you will do Analyze financial statements for a range of companies. Draft committee memos, research reports, and analytical materials. Support senior analysts throughout the rating process. Present rating recommendations in committee meetings. Participate in management discussions and investor calls. Monitor assigned companies for developments and trends. Help ensure adherence to key procedures and operational processes. Requirements Bachelor’s degree required; advanced degree or CFA is a plus. 0-2 years of relevant experience in financial analysis, preferably in financial services or a rating agency. Strong verbal and written communication skills. Proficiency in Excel. Attention to detail and strong analytical skills. Ability to work collaboratively and adapt to new challenges. Interest or experience in credit ratings and financial transactions. CFA designation and knowledge of Bloomberg are advantageous. Familiarity with Generative AI tools, such as ChatGPT, is a plus. Compensation The expected annual base salary for this full-time position is $75,000 to $95,000, depending on experience, skills, and location. Benefits Flexible hybrid work schedule (in-office Tuesdays, Wednesdays, and Thursdays). Comprehensive benefits package and generous paid time off. Paid family leave options.

Position Title: Senior Analyst, Corporate Credit Funds ResearchKroll Bond Rating Agency (KBRA) is looking for a Senior Analyst to become an integral part of our Corporate Credit Funds Group. This dynamic team plays a crucial role in delivering market-oriented, data-driven research that focuses on the evolving private credit landscape. In this position, you will harness proprietary data to transform complex datasets into actionable credit insights for a diverse array of stakeholders, including investors and internal teams.Key Responsibilities:Collaborate with sector experts to develop comprehensive research utilizing extensive proprietary datasets, which includes:Corporate Research: Analyzing financial statements, lender investment memoranda, and credit agreements for over 5,300 sponsor-backed middle-market companies.Fund Research: Investigating rated note feeders, collateralized fund obligations, private equity net asset value loans, and asset-based finance reporting.Structured Credit Research: Conducting thorough evaluations of collateralized loan obligations (CLOs) and related structured products.Gain a profound understanding of the factors influencing credit, including the function of private markets, risk management, and investment return generation.Engage with senior firm members for research, database enhancement, and analytical collaboration.Attend diligence meetings with fund management teams to discern emerging themes within private markets.Monitor defaults and recoveries, and research their underlying causes.Compose quarterly reports covering corporate credit, structured credit, and fund-related issues, along with timely updates based on current trends.Create impactful presentations for both internal use and public conferences.

Position Title: Ratings Legal Attorney - Private Credit & Funds (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, IL Summary/Overview: Kroll Bond Rating Agency (KBRA) is a pioneering global credit rating agency committed to establishing new benchmarks of excellence, integrity, and transparency in credit ratings. As the leading agency in the private credit sector, KBRA is seeking passionate and proactive funds or securitization attorneys to join our dynamic team and engage in private credit and funds transactions. This exciting opportunity is available in our New York or Chicago offices. About the Role: In this pivotal position, you will be instrumental in the rating process, collaborating on a diverse array of fund investment and finance transactions such as feeder fund rated notes and CFOs, NAV facilities, and middle-market CLOs. Your expertise will be critical in evaluating and communicating the credit implications of deal structures, documentation, and other legal considerations. Key responsibilities include: Reviewing financing documents and pertinent fund-level documentation Identifying potential credit impacts arising from transaction structures and legal documents Coordinating with rating analysts on relevant legal matters Participating in rating committee discussions Assisting the analytical team in preparing KBRA’s industry-leading ratings and research reports About the Team: KBRA’s Ratings Legal team stands out among rating agencies by working closely with ratings analysts to identify, assess, and articulate key legal and credit aspects and risks within transaction structures. As vital contributors to the credit ratings groups, they play a significant role in developing research reports and methodologies while engaging in investor outreach. Ultimately, the attorneys in Ratings Legal ensure the quality, accuracy, timeliness, and consistency of KBRA’s ratings. Qualifications for Success: Qualified attorney with 4-6 years of post-qualification experience in feeder fund rated notes, CFOs, structured finance, or fund finance Strong analytical and communication skills Ability to work collaboratively in a fast-paced environment Proficiency in assessing complex legal documents and structures

Position Title: Insurance Credit Analyst / Senior Analyst (NY) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, New York Summary/Overview: Kroll Bond Rating Agency, LLC (KBRA) is on the lookout for a dedicated Analyst or Senior Analyst to join our rapidly growing Insurance ratings division. This role is ideal for a motivated and dynamic professional eager to engage with the credit ratings process for insurance firms and their associated debt issuances. Our diverse and expanding portfolio encompasses entities across all domains of the global insurance landscape, including property/casualty, life, annuity, and reinsurance. Candidates with a strong background in the insurance sector are encouraged to apply. This position is based in KBRA's vibrant New York City office. About the Job: Assist with various aspects of the credit ratings process, including both quantitative and qualitative analyses, while actively contributing to team discussions. Support the development of rating and analytical frameworks to facilitate financial statement evaluations and debt instrument assessments. Participate in on-site due diligence meetings with management teams to evaluate their investment expertise, risk management capabilities, operational methodologies, and overall strategic execution. Create and maintain complex spreadsheets and databases to support analytical efforts. Collaborate seamlessly with KBRA experts across other sectors, such as investment funds, financial institutions, and structured credit. Assist in research efforts for internal and external publications. You will excel in this role if you possess: A Bachelor's degree in Finance, Business, Mathematics, or a related field emphasizing strong analytical skills. For Analyst level: 0-2 years of experience in insurance, financial institutions, credit risk, or fixed income investing. For Senior Analyst level: A minimum of 2+ years of experience as an analyst in insurance, financial institutions, credit risk, or fixed income investing. The ability to work collaboratively in a dynamic and fast-paced environment. Strong time management skills to navigate the demands of a rapidly growing organization.

Position Title: ABS Consumer - Analyst / Senior Analyst (NY / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY, United States Summary/Overview: Kroll Bond Rating Agency, LLC (KBRA) is on the lookout for a motivated and detail-oriented Credit Analyst or Senior Analyst to join our ABS - Consumer team in either our New York or Chicago office. The ideal candidate will possess a strong passion for asset-backed securities (ABS) and a solid understanding of various consumer financial products such as auto loans, consumer loans, solar loans, home improvement loans, credit card receivables, and small business loans. As an Analyst within the ABS Consumer group, you will be integral to the transaction rating team, collaborating with team members throughout the rating process from collateral analysis to report publication. About the Job: Conduct in-depth transaction analysis, which includes evaluating originators and servicers, analyzing loan pools, modeling and assessing bond structures, and reviewing legal documentation. Assist in preparing credit submissions and presenting transactions to the rating committee. Draft and compile individual transaction reports for publication. Engage in issuer due diligence activities. Perform ongoing surveillance of existing transactions: monitor performance, execute cash flow analyses, generate surveillance reports, present findings to surveillance committees, and update ratings as necessary. Contribute to the publication of market commentaries and discussions on industry-related topics. Willingness to travel as required. Qualifications: A Bachelor’s degree is required. An avid interest or up to 2 years of experience for Analyst roles, and 2+ years for Senior Analyst roles, in performing credit analysis within the ABS sector at a rating agency, buy-side firm, credit research, banking, or similar environment. Exceptional oral and written communication skills. Experience in transaction analysis, including evaluating originators/servicers, loan pool analysis, modeling and assessing bond structures, and reviewing legal structures and documentation. Proficiency in Excel and Intex. A proactive approach and a strong ability to work independently.

Position Title: Director of Corporate Ratings (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-Time Location: New York, New York or Chicago, Illinois Overview: Kroll Bond Rating Agency (KBRA) is in search of a highly skilled Director to enhance our dynamic Corporate Ratings team. The role emphasizes the execution of in-depth credit analysis and research spanning various sectors. The successful candidate will thrive in a collaborative environment, working alongside both internal teams and external stakeholders to generate timely and insightful corporate credit assessments. The Director will engage in comprehensive credit research across diverse industrial and service sectors, focusing on analyzing trends, key rating determinants, and shifting credit metrics. This position necessitates significant interaction with senior management of corporate issuers and their advisors, primarily based in our New York or Chicago office. Key Responsibilities: Lead the credit rating process by crafting internal credit memorandums, analyzing cash flows, conducting sector analyses, and publishing credit reports. Produce sector-specific research tailored for investors and lenders within private credit, direct lending, and public debt markets. Contribute to the development and refinement of rating methodologies and analytical tools. Participate in issuer and investor meetings to elucidate KBRA’s methodologies and showcase a thorough understanding of industry trends.

Position Title: Corporate Portfolio Finance - Analyst / Senior Analyst Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY Summary/Overview: Kroll Bond Rating Agency, LLC (KBRA) is on the lookout for a dynamic Analyst/Senior Analyst to join our expanding Corporate Portfolio Finance (CPF) team in the vibrant city of New York. The CPF team specializes in assigning and monitoring credit ratings for a variety of debt instruments backed by portfolios of middle-market corporate loans, including senior secured direct lending investments and other corporate loans, notes, and bonds. The CPF team is dedicated to analyzing private credit and direct lending transactions, encompassing feeder fund rated notes, master fund credit facilities, middle-market CLOs, corporate loan and bond portfolios, and select synthetic risk transfer structures. This team evaluates financing solutions that promote capital formation, fund investment, and liquidity management for private credit managers and institutional investors. The ideal candidate will possess a solid background in corporate credit, private credit, direct lending, or structured credit, with a strong understanding of portfolio construction, asset performance, structural protections, and cash flow dynamics. Key responsibilities include analyzing fund debt transactions supported by portfolios of middle-market direct lending investments, primarily concentrating on senior secured corporate loans and other corporate credit instruments. Experience with CLOs or structured credit will be invaluable, as the analytical skills required—such as collateral pool assessment, tranche risk analysis, cash flow modeling, and structural review—are highly transferable. About the Job: Conduct detailed analyses of portfolios comprising middle-market corporate loans, with a focus on senior secured direct lending exposures. Assist in the examination of transaction structures, focusing on collateral composition, capital structure, and essential structural protections. Utilize and maintain financial models to evaluate collateral performance, cash flow coverage, and basic stress scenarios. Contribute to the creation of internal credit memoranda and materials for rating committees. Support the monitoring of rated transactions by tracking portfolio metrics, covenant compliance, and concentration limits. Manage transaction data, spreadsheets, and analytical tools efficiently.

Position Title: Associate Director of Corporate Ratings (New York / Chicago) Entity: Kroll Bond Rating Agency, LLC Employment Type: Full-Time Location: New York, New York; Chicago, Illinois Overview: Join our dynamic team as an Associate Director specializing in Corporate Ratings. We are looking for a highly skilled candidate with extensive credit analysis experience across diverse sectors. You will play a pivotal role in our Corporate, Project & Infrastructure Finance group, analyzing transactions in areas such as general corporates, power, renewable energy, and infrastructure. This position offers direct engagement with high-profile projects and collaboration with senior staff and market participants. Key Responsibilities: Lead the credit rating process by preparing internal reports for rating committees, analyzing cash flows, and conducting sector analyses. Conduct and publish research relevant to sectors including Power, Energy, and Renewable Finance. Contribute to the development and refinement of rating methodologies and criteria. Engage in outreach initiatives, showcasing industry expertise and KBRA methodologies during issuer and investor meetings. Qualifications for Success: Over 5 years of credit analysis experience, particularly in Power, Energy, and Renewable Finance sectors, working in a rating agency, buy-side, credit research, banking, or similar environments. Strong interest and relevant experience in ratings, fixed income research, origination, or capital markets. Exceptional verbal and written communication skills. Advanced quantitative skills, particularly with Excel, and expertise in financial statement analysis. A collaborative spirit capable of leading and integrating into a vibrant and innovative work environment. Solid academic background with a degree in finance, economics, or management; MBA or CFA designation is a plus. Proficient in managing time and resources in a fast-paced, growing company. Familiarity with Generative AI tools like ChatGPT for research and productivity enhancement is an advantage.

Position Title: Residential Mortgage-Backed Securities Analyst / Senior Analyst Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, New York Role Overview: Kroll Bond Rating Agency (KBRA) is on the lookout for a meticulous and driven credit analyst to join our esteemed Residential Mortgage-Backed Securities (RMBS) team in New York City. The successful candidate will possess a solid understanding of RMBS, familiarity with the residential mortgage sector, or relevant experience in a related field. In this role, you will collaborate with fellow analysts throughout the entire rating process, from collateral analysis to the publication of reports. Key Responsibilities: Conduct thorough transaction analyses including evaluations of originators/servicers, loan pool assessments, modeling, and structural analysis of bonds, as well as reviewing legal frameworks and documentation. Support the creation of comprehensive credit memoranda and effectively present transactions to rating committees. Draft and contribute to detailed transaction reports slated for publication. Engage in the publication of insightful market commentaries related to current events or research findings. Participate in ongoing surveillance of rated transactions, updating ratings as necessary. Attend and engage in seller/servicer due diligence, which may involve travel as required. Qualifications for Success: B.A. / B.S. degree in a relevant field. Analyst Level: 0 to 2 years of experience in credit analysis within the ABS sector at a Rating Agency, Buy-Side Investor, Credit Research, or similar environment. Senior Analyst Level: Minimum of 2 years of experience in credit analysis within the ABS sector or an advanced degree (e.g., MBA). Proficient in Excel (Excel assessment may be part of the interview process). Excellent oral and written communication skills (writing samples may be requested). Exceptional attention to detail and accuracy. Ability to take initiative and work independently, while also thriving in a collaborative environment. Knowledge of VBA, Python, R, and SQL is advantageous.

Position Title: Associate / Associate Director - RMBS (New York) Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, New York Overview: Kroll Bond Rating Agency (KBRA) is actively looking for a skilled Associate / Associate Director to enhance our Residential Mortgage-Backed Security (RMBS) division in our New York office. The perfect candidate will possess experience in RMBS 2.0 sectors, including Prime, Non-QM, and second-lien loans. In this pivotal role, Associate Directors will engage deeply in the rating process, conducting collateral and cash flow analysis, as well as preparing insightful reports for publication. About Our Team: The RMBS team at KBRA has a proven track record, having issued ratings on securities from over 950 transactions across various sectors, including Prime, Non-QM, GSE CRT, Reverse Mortgage, 2nd Liens, and RPLs. Our core mission is to deliver high-quality credit ratings promptly while conducting thorough asset credit risk analyses, liability structure scenario analyses, and consistently publishing our findings and insights. Our commitment to quality, accuracy, and timeliness sets us apart in the industry. Key Responsibilities: Act as the lead analyst, interacting with clients, structuring banks, and investors throughout transactions. Perform comprehensive loan pool analysis, modeling and assessment of bond structures, and review legal structures and documentation. Prepare and facilitate the preparation of credit memos and present transactions during rating committee meetings. Draft presale and new issue reports. Contribute to surveillance efforts for existing transactions. Engage in seller/servicer due diligence, investor discussions, and industry events (travel may be required). Mentor and support the growth of junior analysts as needed. Qualifications for Success: Bachelor's degree is required; an MBA or CFA certification is a plus. Minimum of 3 years of relevant experience in Residential Real Estate, Rating Agency, or RMBS is strongly preferred. Candidates with experience across ABS asset classes will also be considered. Exceptional analytical skills and a strong attention to detail. Excellent communication and interpersonal abilities to engage effectively with diverse stakeholders. Proficient in quantitative analysis and financial modeling.

Position Title: Director/Senior Director of CMBS New Issuance Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, IL Summary: Kroll Bond Rating Agency (KBRA) is on the lookout for a seasoned Commercial Real Estate (CRE) credit analyst to join our prestigious CMBS New Issuance ratings team in either our New York or Chicago office. Our analysts are integral to transaction execution, tasked with conducting comprehensive credit analyses, drafting insightful published reports, and presenting their analyses to facilitate the assignment of credit ratings across various CMBS transactions including conduit, single-borrower, CRE CLO, and single-family rental. About the Job: Perform thorough cash flow analyses, property valuations, and loan credit assessments using KBRA’s methodologies across all CRE sectors. Oversee the full transaction lifecycle, which includes: Executing detailed property, loan, and transaction credit assessments. Presenting and defending analyses to senior management and credit committees, as well as to external banking partners. Leading the preparation of detailed, externally published transaction reports. Coordinating processes involving multiple internal and external stakeholders. Conduct property inspections throughout the U.S. and engage in management meetings. Supervise and mentor junior team members, reviewing analyses and reports. Showcase thought leadership by representing KBRA at conferences, issuer and investor meetings, and industry panels, in addition to publishing pertinent research. Contribute to the development of frameworks and methodologies for emerging asset classes and transaction types.

Position Title: Project Finance and Infrastructure AssociateCompany: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York City, New York, United StatesSummary:Kroll Bond Rating Agency, LLC (KBRA, LLC) is eager to welcome a talented Associate to our Project Finance and Infrastructure team. The selected candidate will play a pivotal role in assigning ratings and overseeing the surveillance of project finance and infrastructure entities across diverse sectors, including energy, transportation, and social infrastructure. This position involves analyzing cash flows, evaluating technical project aspects, scrutinizing credit documentation and financial statements, and preparing comprehensive internal credit reports for rating committees.Key Responsibilities:Assign ratings and conduct surveillance on intricate infrastructure and energy project finance transactions by forecasting performance through mathematical models, leading the rating process, analyzing cash flows, and evaluating legal, contractual, and technical project components.Prepare internal credit reports and submissions for rating committees while reviewing and stress-testing financial models to assess credit risk.Participate in industry conferences and seminars to represent KBRA.Communicate KBRA’s credit perspectives with investors concerning existing transactions and market trends.Draft research reports on the current state of the project finance market.

Position Title: ABS Consumer – Associate / Associate Director (NY / Chicago)Entity: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York, NY or Chicago, Illinois, United StatesSummary/Overview: Kroll Bond Rating Agency (KBRA) is expanding its Asset-Backed Securities (ABS) team and is looking for a skilled credit analyst. The ideal candidate will have a strong background in ABS sectors, specifically within consumer (such as auto loans, consumer loans, credit cards) or commercial/esoteric (including data centers, equipment, communications infrastructure, aviation, etc.). The role may involve working across various asset classes within ABS. Successful candidates will demonstrate adaptability and critical thinking skills. An Associate/Associate Director within the ABS group plays a vital role in transaction ratings, participating in all aspects from collateral analysis to report publication.About the Job:Conduct transaction analysis, including originator/servicer evaluations, collateral performance assessments, loan pool analysis, bond structure modeling, and legal documentation reviews.Assist in preparing credit memoranda and presenting transactions to rating committees.Contribute to individual transaction reports for publication.Help publish market commentaries related to current events or research findings.Act as a secondary contact for investors, clients, or structuring banks, working under senior team members' guidance.Participate in ongoing surveillance of rated transactions and update ratings as necessary.Attend and engage in seller/servicer due diligence, investor discussions, or industry events (some travel may be required).

Kroll Bond Rating Agency, LLC (KBRA) seeks a Director or Senior Director for its Corporate Credit Assessment team in New York. This full-time leadership role centers on evaluating the creditworthiness of private companies through detailed financial analysis and direct engagement with stakeholders. Role overview This position calls for deep experience in accounting, corporate finance, and high-yield credit analysis. The Director/Senior Director will act as a senior credit analyst, mentor junior team members, and play a key role in shaping the group’s credit estimation and assessment process. Responsibilities include conducting and reviewing credit assessments, drawing on financial statements and creditor agreements to inform opinions. The role involves collaboration across departments and with external contacts, including senior management at major financial institutions. The Director/Senior Director will contribute to credit research across a range of industrial and service sectors, develop industry expertise, and identify core rating factors and credit metrics. Key responsibilities Analyze financial statements and creditor agreements to identify strengths and weaknesses for credit assessments. Prepare and review corporate credit assessments, providing clear rationale and presenting findings to stakeholders. Support senior team members on initiatives such as methodology development and research projects. Collaborate on writing and distributing research on corporate credit trends and market dynamics, with opportunities to publish on the KBRA website. Collaboration and leadership This role requires strong communication skills and the ability to work closely with both internal colleagues and external partners. The Director/Senior Director will mentor junior analysts and contribute to the ongoing development of KBRA’s corporate credit assessment capabilities.

Position Title: Director of Corporate Portfolio FinanceEntity: Kroll Bond Rating Agency, LLCEmployment Type: Full-timeLocation: New York, NY Overview:Kroll Bond Rating Agency, LLC (KBRA) is on the lookout for a skilled Director to become a vital part of our expanding Corporate Portfolio Finance (CPF) team in the New York office. This dynamic team is responsible for assigning and monitoring credit ratings on a diverse array of debt instruments backed by portfolios of middle-market corporate loans, including senior secured direct lending investments.The CPF team specializes in private credit and direct lending transactions such as feeder fund rated notes, master fund credit facilities, middle-market CLOs, corporate loan and bond portfolios, and select synthetic risk transfer structures. Our mission is to evaluate financing solutions that facilitate capital formation, fund investment, and liquidity management for private credit managers and institutional investors.The ideal candidate will possess considerable experience in corporate credit, private credit, direct lending, or structured credit, along with a profound understanding of portfolio construction, asset performance, structural protections, and cash flow dynamics. This role primarily focuses on fund debt transactions supported by portfolios of middle-market direct lending investments, especially senior secured corporate loans, as well as other corporate credit instruments. Experience in CLOs or structured credit is also highly beneficial, as the necessary analytical skills, including collateral pool assessment, tranche risk analysis, cash flow modeling, and structural review, are transferable.Key Responsibilities:Lead the new issuance rating process, analyzing transaction capital structures, legal protections, collateral quality, portfolio composition, asset performance, and cash flow dynamics.Conduct thorough analyses of portfolios comprising corporate loans, bonds, and other credit instruments, including middle-market and sponsor-backed exposures.Facilitate due diligence meetings with asset managers, direct lenders, arrangers, and issuers to assess their underwriting standards, portfolio management practices, risk management frameworks, and performance histories.Draft detailed rating memoranda and new issuance reports, presenting well-founded recommendations to rating committees.Oversee ongoing monitoring and surveillance of outstanding ratings and credit quality.

Position Title: Director of ABS Equipment (New York/Chicago) Company: Kroll Bond Rating Agency, LLC Employment Type: Full-time Location: New York, NY or Chicago, IL Overview: Kroll Bond Rating Agency (KBRA) is actively seeking a seasoned credit analyst to join our dedicated Asset-Backed Securities (ABS) team in either our New York or Chicago office. The successful candidate will bring substantial experience in various ABS sectors, particularly in equipment ABS. As a Director within the ABS group, you will play a pivotal role in the transaction rating team, engaging in all facets of the rating process from collateral assessment to report publication, while also managing and mentoring junior analysts. Key Responsibilities: Conduct thorough transaction analyses, including evaluations of originators and servicers, collateral performance, loan pool assessments, and legal structure review. Act as the lead analyst and primary liaison for clients, deal arrangers, and investors throughout transactions. Prepare and present credit memoranda and transaction reports to rating committees. Lead the development and enhancement of rating methodologies and market commentaries as required. Monitor and review rated transactions, updating existing ratings as necessary. Engage in investor discussions and industry events, which may involve travel. Oversee and mentor a team of junior analysts, promoting their professional growth. Qualifications: A minimum of eight (8) years of proven experience in credit analysis within the ABS sector, preferably at a rating agency or similar environment, with direct experience in equipment ABS being essential. Strong proficiency in Excel (an Excel assessment may be part of the interview process). Ability to take initiative, work autonomously, and collaborate effectively with colleagues. Exceptional analytical skills related to transaction evaluations, including asset credit risk assessments and analysis of cash flows. Proven capacity to make independent, well-reasoned credit decisions, especially under tight deadlines.