CMBS New Issuance – Director / Senior Director (NY / Chicago)

The role of CMBS New Issuance – Director or Senior Director at KBRA is pivotal within the team responsible for analyzing and rating commercial mortgage-backed securities (CMBS). As part of the Structured Finance group, this individual will contribute to a collaborative and dynamic environment dedicated to providing insightful credit opinions and market-leading ratings. KBRA is a well-established credit rating agency known for its client focus and transparent approach, with offices in both New York City and Chicago.

Key responsibilities include leading the end-to-end process for new CMBS transactions, conducting rigorous credit analysis, and managing deal teams throughout the ratings process. The Director/Senior Director will be engaged in reviewing legal and structural features of transactions, preparing detailed credit committee presentations, and interacting directly with issuers, bankers, and investors. Frequent collaboration with other analysts and effective management of multiple deadlines are essential components of the day-to-day work.

Candidates should possess a minimum of eight years of experience in CMBS or structured finance, with deep knowledge of commercial real estate fundamentals and securitization structures. An advanced degree such as an MBA or relevant certification is strongly preferred, and superior analytical, written, and verbal communication skills are required. Experience managing complex transactions and mentoring junior staff will be highly valued.

The position offers a competitive compensation package, including base salary, annual bonus eligibility, comprehensive health insurance, and retirement benefits. KBRA also provides opportunities for professional development and advancement within the organization, supporting career growth for high-performing employees.