Position: Research - Associate Director

Department: CMBS Subscription

Employment Type: Full-time

Location: PA

Summary/Overview:

Ready to blaze a new trail! This exciting position will be a part of a growing and dynamic team at Kroll Bond Rating Agency. KBRA Credit Profile (KCP) is a best-in-class subscription surveillance service for the Commercial Mortgage Backed Securities (CMBS) community. KCP serves the largest investment banks, broker-dealers, insurance companies, and money managers.

KBRA is seeking a seasoned professional with CMBS and/or commercial real estate (CRE) experience that is excited about a long-term career at a growing firm. This successful candidate will lead our CRE research effort by producing insightful analysis and market-leading research on market trends for consumption by clients, reporters, and the broader financial community. This research lead will also review analyst work, present constructive feedback, and collaborate with other senior team members on various initiatives.

If you have a passion for CRE analysis, producing great research, and working in a team environment focused on quality and growth, this is the place for you!

About Us:

KBRA is a global full-service rating agency with a mission to set a standard of excellence and integrity. Established in 2010, KBRA remains dedicated to the restoration of trust in credit ratings by setting new standards for assessing risk and by offering timely and transparent ratings. KBRA provides market participants with an alternative solution by delivering in-depth research, products and tools needed to make informed investment decisions across various sectors within the U.S. and European markets.

Products include: KBRA Analytics, KBRA Altman, KBRA Credit Profile, KBRA DLD, KBRA Financial Intelligence (KFI), KBRA Premium and Ratings Feed.

KBRA has issued more than 60,000 ratings valued at $3.16 trillion in rating issuance. The agency employs 525 professionals globally with offices located in New York, Pennsylvania, Maryland, Dublin (Ireland) and London (UK).

Job Responsibilities:

• Lead topical and recurring research projects, able to work independently and within a team setting.
• Review analyst-produced credit reports and provide valuable feedback prior to publication.
• Monitor the performance of CMBS securitizations and prepare transaction reports highlighting KCP's opinion of credit quality.
• Perform detailed cash flow analysis for CRE properties and develop valuations using income and sales approaches to value.
• Keep abreast of the CRE and CMBS landscapes by attending conferences and seminars (in-person or virtual), listening to podcasts, and reading industry literature.

Key Job Qualifications:

• 5+ years of CRE, CMBS, or rating agency. An advanced degree in real estate finance a plus.
• Critical thinker/problem solver/self-starter with a passion for quality output.
• Ability to build rapport and develop relationships both internally and externally
• Strong written/oral communication and presentation skills
• Must be assertive, detailed-oriented, energetic, organized, and resourceful
• Prior experience on the buy/sell side or with a rating agency or other financial institution a plus
• Bachelor's degree required, preferably in finance, accounting, or real estate
• Strong MS Excel and MS Word skills required, familiarity with SQL and VBA a plus
• Working knowledge of CREFC Investor Reporting Package, Trepp, Intex and/or Bloomberg

Salary Range:

The anticipated annual base salary range for this full-time position is $100,000 to $115,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

KBRA Benefits

• A hybrid work schedule and flex hours
• Competitive benefits and paid time off
• Paid family and disability leave
• 401(k) plan, including employer match (100% vested)
• Educational and professional development financial assistance
• Employee referral bonus program
• Cell phone reimbursement

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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