Position Title: Director
Department: CMBS New Issuance
We’re seeking a Director to join our team based in New York. You will have at least 10 years of real estate finance or underwriting experience to join our growing Commercial Mortgage-Backed Security (CMBS) New Issuance team.
About the Team
Our CMBS new issuance team rates transactions spanning across CMBS, CRE CLO and SFR asset classes, among others. Our primary objective is to assign high quality credit ratings in a timely manner, which involves conducting property cash flow and valuation; pool-level and structure analysis; and publishing our viewpoints based on our research and analysis. We pride ourselves on the quality, accuracy, timeliness and consistency of our product.
About the Job
You will lead New Issue CMBS transactions, including performing and overseeing general pool analysis and overall transaction management. You will develop detailed cash flow analyses for commercial real estate properties and author comprehensive asset summaries for external consumption. You will be responsible for drafting presale reports which highlight the transaction’s key credit considerations and pool characteristics. You will conduct property site visits, averaging several days per month, and document findings for internal and external use. In this role, you will be expected to manage, train, and review the work of junior to mid-level members of the team. You will also be expected to publish research reports as topical credit issues arise to facilitate ongoing property cash flow and rating analyses.
You are motivated to succeed in a fast paced, deadline driven environment. You work well independently and are able to effectively collaborate with your team members.
You will be successful in this role if you:
- Have at least 10 years of relevant commercial real estate finance or CMBS experience, preferably underwriting loans.
- Have a master’s degree, preferably in finance or real estate.
- Possess strong Excel and Word skills.
- Pay exceptional attention to detail.
- Have strong oral and written communications skills
- Have the ability to take initiative and work independently, as well as work closely with fellow team members in a collaborative environment.
- Have a valid driver’s license and clean driving history.
Kroll Bond Rating Agency (KBRA) is a full service global rating agency whose mission is to set a standard of excellence by providing users of our ratings with transparent, responsive and timely analysis. KBRA offers market participants an alternative solution by delivering in-depth research as well as the tools needed to make informed investment decisions. With over 300 employees globally across the United States and Europe, KBRA is headquartered in New York with additional offices in Pennsylvania, Maryland and Dublin, Ireland. The experienced and extensive team expands across the Structured Finance, Public Finance, Financial Institutions, Project Finance, Insurance and Corporate markets, collectively publishing over 10,000 ratings.
7+ to 10 years