Position: Associate Director [Multiple Positions Available]
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-Time
Location: 805 3rd Avenue, Floor 29, New York, NY 10022. Telecommuting permitted up to 40% of the week. Only incidental domestic travel is required for this position, to complete property site inspections and/or attend industry seminars and conferences.
What you’ll do
- Execute valuation and credit methodologies by operating valuation/credit models; use quantitative and statistical modelling to assess expected losses to determine valuations/credit ratings.
- Operate valuation/credit models on a periodic basis; to assess if outstanding valuations/credit ratings are still in compliance and adhering to methodologies and evaluation guidelines.
- Review varied financial Credit models and ensure it is executed in accordance with rating methodologies and in compliance with commercial real estate evaluation guidelines and principles.
- Act as the data expert for the team and maintain the CMBS database; develop a system to upload credit modeling data to the database; troubleshoot and co-operated with IT team if any data-related issue arises.
- Conduct detail cash flows analysis and valuation; occasionally lead end-to-end new issuance and surveillance transactions along with overall deal management in accordance with organizational guidelines for various transaction types.
- Write and publish topical research papers and commentary on credit trends, real estate market outlooks, and industry-specific relevant topics.
- Participate in creating and improving existing financial credit models; property cash flow and underwriting templates.
- Direct and lead junior analysts and associates on the daily working guidelines of the Analytics team, including train new hires on credit models.
- Telecommuting permitted up to 40% of the week.
- Only incidental domestic travel is required for this position, to complete property site inspections and/or attend industry seminars and conferences.
Requirements
- Employer will accept Bachelor’s degree in financial engineering, operations research, accounting, mathematics, or real estate finance, plus five years of experience in commercial mortgage-backed securities, or structured finance, or investment banking, or finance and accounting, or other commercial real estate finance experience and interest.
- In the alternative, employer will accept Master’s degree in financial engineering, operations research, accounting, mathematics, or real estate finance, plus two years of experience in commercial mortgage-backed securities, or structured finance, or investment banking, or finance and accounting, or other commercial real estate finance experience and interest.
- Prior experience must include:
- 2 years of experience applying advanced principles of finance, accounting, mathematical and/or statistical analysis;
- 2 years of experience performing advanced/expert Microsoft Excel functions (including mastery over formulas and shortcuts) to analyze large amounts of data to conduct day-to-day responsibilities in prior roles;
- 1 year of experience in data engineering or data science; 1 year of experience in working with different types of valuation and/or credit models, or financial statement analysis;
- expertise in U.S. commercial real estate sectors and capital markets as demonstrated by 1 year of experience and/or coursework amounting to a specialization in Real Estate; and
- 1 year of experience in developing and maintaining the relational database (RDBMS), writing SQL queries and Excel VBA codes.
- Only incidental domestic travel is required for this position.
- Must successfully complete competency-based interview.
Salary Range: $153,000 - $160,000 per year
Benefits:
- 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.
