Analyst, CMBS Subscription

Position: Analyst - CMBS Subscription

Department: CMBS Subscription

Employment Type: Full-Time

Location: PA

Summary/Overview:

KBRA Analytics, LLC is seeking a Commercial Mortgage-Backed Securities Analyst for the CMBS Subscription Group. This position is located in our  Dresher, PA office.

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.  Our core values are innovation, collaboration, and integrity. 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.

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, Ireland and UK.

Job Responsibilities:

• Monitor the credit performance of CMBS transactions on an ongoing basis.  This includes the review and assessment of commercial real estate (CRE) loan and property performance.
• Perform detailed cash flow analysis for CRE properties, including the review of borrower and servicer operating statements.
• Derive valuations for the 10 largest assets within each transaction as well as any distressed properties that serve as loan collateral. Asset valuations are derived utilizing multiple income approaches (such as DCF analysis, market-based, and direct capitalization) as well as researching comparable sales.
• Maintain monthly surveillance on a portfolio of CMBS transactions. This includes the preparation and presentation of analysis to peers and management as well as the publication of transaction reports.
• Contribute towards monthly, weekly, and topical research pieces.

Key Job Requirements:

• 1-2 years of work experience in commercial real estate or CMBS preferred
• Bachelor’s degree required, preferably in finance, accounting or real estate
• A passion for real estate and analytics
• Strong Excel skills
• Exceptional attention to detail
• Excellent oral and written communications skills
• Ability to take initiative and work independently, as well as work closely with partners in a collaborative environment
• Working knowledge of the CREFC Investor Reporting Package (IRP) and Trepp a plus.

Salary Range: 

The anticipated annual base salary range for this full-time position is $60,000 to $65,000. 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 and 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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