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Full-Time

KBRA Credit Profile

Kcp, CMBS Analyst

Updated on 10/22/2024

Kroll Bond Rating Agency

Kroll Bond Rating Agency

501-1,000 employees

Provides credit ratings and financial research

Quantitative Finance
Financial Services

Compensation Overview

$65k - $75kAnnually

Entry

Ambler, PA, USA

Hybrid work schedule.

Category
Commercial Banking
Finance & Banking
Requirements
  • 0-2 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.
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.
Kroll Bond Rating Agency

Kroll Bond Rating Agency

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Kroll Bond Rating Agency (KBRA) provides credit ratings and research services in the financial sector, focusing on structured finance products like Asset-Backed Securities (ABS), Commercial Mortgage-Backed Securities (CMBS), and Residential Mortgage-Backed Securities (RMBS). Their credit ratings help clients, including institutional investors and financial intermediaries, assess the credit risk of various financial instruments, which aids in making informed investment decisions. KBRA differentiates itself from competitors by offering a subscription service through its KBRA Premium division, granting subscribers unlimited access to comprehensive ratings, research, and analytical tools specific to the U.S. structured finance market. The company's goal is to support clients in navigating complex financial markets by providing reliable credit assessments and insights.

Company Stage

Series C

Total Funding

$15M

Headquarters

New York City, New York

Founded

2010

Growth & Insights
Headcount

6 month growth

0%

1 year growth

0%

2 year growth

-1%
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Simplify's Take

What believers are saying

  • KBRA's consistent release of detailed and timely research reports, such as the U.S. Bank Compendium and various ABS indices, demonstrates its commitment to providing valuable insights to clients.
  • The company's ability to secure high-profile ratings assignments, like the AA rating for the City of Los Angeles Power System Revenue Bonds, highlights its strong market reputation.
  • Specialized research offerings and analytical services provide additional revenue streams and opportunities for professional growth within the company.

What critics are saying

  • The highly specialized focus on structured finance markets may limit KBRA's ability to diversify its revenue streams.
  • Dependence on subscription services for revenue could be risky if market conditions lead to a decline in client renewals.

What makes Kroll Bond Rating Agency unique

  • KBRA's focus on structured finance markets like ABS, CMBS, and RMBS sets it apart from competitors who may have a broader but less specialized focus.
  • The company's subscription-based KBRA Premium service offers unlimited access to market-leading ratings and research, providing a unique value proposition for institutional investors.
  • As an NRSRO, KBRA's ratings are recognized and trusted, giving it a competitive edge in credibility and reliability.

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