Funds Ratings - Associate / Associate Director (NY)
Kroll Bond Rating Agency, LLC (KBRA) is seeking an Associate or Associate Director to join its Funds Ratings team in New York. 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 possess substantial experience and a keen interest in fund investment and credit strategies.
The role involves conducting credit research on a variety of funds and investment vehicles, developing rating and analytical tools like cash flow and asset coverage models to evaluate fund debt structures, and preparing internal credit memos and publications. Additionally, the candidate will participate in diligence meetings with fund management teams to assess their investment acumen and risk management skills, develop and maintain complex spreadsheets and databases, collaborate with KBRA experts across various sectors, and assist in research for internal and publication purposes. Associate Directors will have the opportunity to independently lead credit rating processes and research efforts on diverse debt transactions involving investment funds.
Candidates should have a bachelor's degree in Finance, Business, Mathematics, or a related field that fosters strong analytical skills. A minimum of four to eight years of experience as a credit analyst, particularly in fund lending, investing, or structured finance, is highly desirable. The role requires effective oral and written communication skills, proficiency in advanced Excel with the ability to perform cash flow modeling, and a high attention to detail. Familiarity with SQL and VBA for database querying is advantageous, as is progress toward a CFA designation. Experience with generative AI tools for research and productivity is also considered a plus.
The anticipated annual base salary for this full-time position ranges from $105,000 to $140,000, with offer amounts determined by factors such as experience, skills, and geography. KBRA offers a hybrid work schedule, competitive benefits and 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. The company fosters a collaborative and dynamic work environment, providing opportunities for professional growth and development.