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Kroll Bond Rating Agency

Structured finance credit ratings and research

KBRA Credit Profile - KCP, CMBS Analyst

Risk ManagementConfirmed live in the last 24 hours
Full-timeHorsham, PA, USA$65k - $75k /yrHybrid

About the Job

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
  • Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus

Responsibilities

  • Monitor the credit performance of CMBS transactions on an ongoing basis. This includes the review and assessment of commercial real estate 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.

Desired Qualifications

  • Working knowledge of the CREFC Investor Reporting Package (IRP) and Trepp a plus
  • Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus

About the Company

Kroll Bond Rating Agency

Structured finance credit ratings and research

KBRA provides independent credit ratings and research for the structured finance market. It operates as a Nationally Recognized Statistical Ratings Organization (NRSRO) and covers asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities (RMBS). Its products include credit ratings and research reports that assess the default risk of various financial instruments. Revenue comes from KBRA Premium subscription services that grant unlimited access to ratings, research, and analytical tools, along with specialized research offerings. How it works: KBRA evaluates the credit risk of structured finance assets and assigns ratings that indicate the likelihood of default. Clients—institutional investors, issuers, and intermediaries—use these ratings and reports to make informed investment and risk decisions. The Premium service provides ongoing access to ratings and analytical tools."

Company size
501-1,000
Company stage
Series C
Total funding
$15M
Headquarters
New York City, New York
Founded
2010

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