Kroll Bond Rating Agency (KBRA) is seeking an experienced real estate investment trust (REIT) credit analyst to join its REIT/Real Estate Funds group in New York. Analysts in the group are responsible for initial ratings and surveillance of corporate-level unsecured debt of REITs, institutional real estate funds, and related CRE operating companies, both in the U.S. and Europe.
Requirements
- Bachelor's degree required
- Knowledge of secured and unsecured commercial real estate debt capital markets and financing strategies
- Familiarity with various issuer structures—including public REITs, real estate funds, non-REIT property operating companies, and non-traded REITs
- Strong verbal and written communications skills
- Knowledge of underlying demand drivers for various property types and regional markets/economies
- Proficiency in review of issuer financial statements—including GAAP, fair-market-value and IFRS
- Ability to generate private market values estimates for underlying properties
- Proficiency in use of Bloomberg for sourcing issuer-reported documents and in financial analysis
- Knowledge of lease structures, expense ratios, and capital expenditure requirements for various property types
- Intermediate Microsoft Excel skills including ability to build pro forma financial models
- Ability to meet deadlines and manage rating process
Benefits
- A hybrid work schedule and flex hours
- Competitive benefits and paid time off
- Paid family and disability leave
- 401(k) plan, including employer match (100% vested)
- Educational and professional development financial assistance
- Employee referral bonus program
- Cell phone provided