CMBS New Issuance - Associate

Position Title: Associate

Department: CMBS New Issuance

Employment Type: Full-time

Location: New York

Summary/Overview:

We’re seeking an Associate to join our team based in New York. You should have 3 or more years of real estate finance or underwriting experience to join our growing Commercial Mortgage-Backed Security (CMBS) New Issuance team.

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

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 credit ratings and perform high quality work in a timely manner, which involves conducting property cash flow and valuation analysis; 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 work with the best-in-class rating agency to lead and assist in the ratings process for New Issue CMBS and CRE CLO transactions, including performing detailed credit analysis and overall transaction management. You will develop detailed cash flow and value analyses for commercial real estate properties and author comprehensive asset summaries for publication. 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, if safely permissible during the pandemic, averaging several days per month, and document findings for internal and external use. You will prepare and deliver internal and external presentations in Word and Excel. Lastly, you are expected to manage or mentor junior members of the team.

Key Job Qualifications:

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 3 or more years of relevant commercial real estate finance or CMBS experience, preferably underwriting loans and/or participating in the CMBS securitization process.  
Have a bachelor’s degree, preferably in finance, accounting or real estate. A master’s degree is a plus.
Possess strong Excel and Word skills, with exceptional attention to detail.
Have strong oral and written communications skills
Be able to work in a dynamic deal-based team environment which requires, multi-tasking, navigating through tight and shifting deadlines, and collaborating with teammates, while taking initiative and working independently.

Salary Range:

The anticipated annual base salary range for this full-time position is $80,000 to $110,000. 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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