CMBS New Issuance - Associate / Associate Director (Chicago / NY)

Job Description

Kroll Bond Rating Agency (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its industry-leading commercial mortgage-backed securities (CMBS) New Issuance ratings group. This role is based in either New York or Chicago. The analyst will be responsible for transaction execution, conducting credit analysis, authoring reports, and presenting analysis for credit ratings to various CMBS transactions.

Role Involves:

• Conducting CRE property cash flow and valuation, and loan credit analysis.
• Leading end-to-end execution of transactions.
• Presenting analysis internally and externally.
• Preparing transaction reports.
• Managing processes involving multiple parties.
• Conducting property site inspections throughout the U.S.

Requirements:

• Bachelor’s degree in a relevant field.
• Three (3) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate level or Five (5) + years of relevant CRE debt underwriting or CMBS securitization experience for Associate Director required.
• Credit / underwriting experience across multiple CRE property types.
• Proficiency in Excel.
• Strong oral and written communication skills.
• Exceptional attention to detail.
• Ability to multi-task and manage through compressed timelines.
• Familiarity with Generative AI tools is a plus.

Role Offers:

• A hybrid work schedule (Tuesday, Wednesday, Thursday in the office)
• 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