Private Credit Funds Ratings

Position Title:  Private Credit Funds Ratings (NY) - Associate Director/Director

Entity: Kroll Bond Rating Agency, LLC

Employment Type: Full-time

Location: New York, New York, United States

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking an Associate Director/Director to join our growing Funds Ratings team in the New York office with a focus on leading the ratings effort for structures exposed to private credit focused investment strategies.  The Funds team assigns and monitors credit ratings on various debt instruments issued by funds, closed-end funds, and other fund vehicles.  KBRA’s growing ratings portfolio encompasses funds which leverage a variety of asset growth and income generation strategies including fixed income securities, private equity, private credit, real estate, and middle market lending.  A strong candidate will have extensive experience and interest in corporate credit, structured finance, or other credit strategies. 

Job Responsibilities:

• Lead credit research on a variety of private credit funds including corporate middle market, infrastructure, and specialty finance focused strategies.
• Assist with the development of rating and analytical tools such as cash flow and asset coverage models used to evaluate fund debt structures.
• Lead the quantitative and qualitative preparation and presentation of internal credit memos and publications.
• Participate in diligence meetings with fund management teams to assess their investment acumen, risk management skills, and overall ability to develop and successfully execute strategies.               
• Ability to leverage and seamlessly collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance.
• Draft research for internal and external use.

Key Job Qualifications:

• Bachelor’s degree in Finance, Business, or Math related fields or any subject that results in strong analytical skills.
• 5 - 10 or more years of work experience as a credit analyst with experience in corporate credit, bank lending, or structured finance is a significant plus.
• Ability to work as an integral part of a highly collaborative team and across disciplines in a challenging and dynamic environment.
• Ability to manage time and multi-task in a fast-growing company and high-volume team.
• Effective written and verbal communication skills are essential. 
• Proficiency in Advanced Excel, ability to cash flow model is preferred.
• Extremely high attention to detail.
• Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.

Salary Range:

The anticipated annual base salary range for this full-time position is $130,000 to $200,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.

KBRA Benefits:

• A hybrid work schedule (Tuesdays, Wednesdays and Thursdays 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

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.

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