Funds Ratings - Associate / Associate Director (Chicago)
Kroll Bond Rating Agency, LLC (KBRA) is seeking an Associate or Associate Director to join its Funds Ratings team in Chicago. This team is responsible for assigning and monitoring credit ratings on various debt instruments issued by funds, closed-end funds, and other investment vehicles. KBRA's portfolio includes funds employing diverse asset growth and income generation strategies, such as fixed income securities, private equity, private credit, real estate, and middle market lending. The ideal candidate will have substantial experience and a keen interest in fund investment and credit strategies.
In this role, the individual will assist with credit research on a variety of funds and investment vehicles. Responsibilities include developing rating and analytical tools, such as cash flow and asset coverage models, to evaluate fund debt structures. The candidate will prepare and present internal credit memos and publications, participate in diligence meetings with fund management teams to assess their investment acumen and risk management skills, and develop and maintain complex spreadsheets and databases. Collaboration with KBRA experts across sectors like project finance, corporate finance, financial institutions, and structured finance is also expected.
The position requires a bachelor's degree in Finance, Business, Mathematics, or a related field that develops strong analytical skills. Candidates should have four to eight years of experience as a credit analyst, preferably with exposure to fund lending, investing, or structured finance. Essential skills include proficiency in advanced Excel, with the ability to perform cash flow modeling, and a high attention to detail. Proficiency in SQL and VBA for querying databases is advantageous, as is progress toward a CFA designation. Familiarity with generative AI tools for research and data insights is considered a plus.
The anticipated annual base salary for this full-time position ranges from $100,000 to $130,000, determined by factors such as experience, skills, and geography. KBRA offers a hybrid work schedule, with in-office days on Tuesday, Wednesday, and Thursday. Additional benefits include competitive paid time off, paid family and disability leave, a 401(k) plan with employer match, educational and professional development financial assistance, and an employee referral bonus program.
KBRA is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. The company is recognized by various regulatory bodies, including the European Securities and Markets Authority and the UK Financial Conduct Authority. KBRA encourages applications from all qualified individuals, fostering a diverse and inclusive work environment.