Position: CMBS - Director
Entity: KBRA UK Limited
Employment Type: Full-Time
Location: London, England, United Kingdom
Summary/Overview:
KBRA UK Limited is seeking an experienced Commercial Real Estate (CRE) credit analyst to join our team in London. This role involves assigning new ratings and providing surveillance on CMBS securitizations and other CRE-related transactions. You will play a key role in the process by:
- Developing detailed cash flow analyses of CRE properties.
- Preparing internal credit reports for rating committees.
- Conducting property site visits across Europe.
- Writing comprehensive published reports on transactions.
You will monitor developments related to rated transactions and associated sectors, assessing potential impact and maintaining relationships with relevant stakeholders. Additionally, you’ll contribute to research on new products or jurisdictions and publish reports on topical credit issues to support ongoing property cash flow and rating analyses.
This position offers an exciting opportunity for an experienced professional to contribute to a dynamic and collaborative team in the heart of London.
Job Responsibilities:
- Responsible for analysis of all CRE transaction types in Europe, such as CMBS, Small Balance Commercial, CRE CLOs, and corporate real estate, based on business needs and market conditions.
- Lead or supervise assignment and surveillance of credit ratings, including conducting analytical work and transaction diligence, authoring ratings reports for publication, and documenting/presenting internally in a timely manner.
- Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types such as Data Centers and CRE Funds.
- Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research
- Identify, develop, and train junior staff in the CRE and adjacent sectors.
Key Job Requirements:
- 10+ years of proven expertise in conducting credit analysis for CRE loans, and preferably analysis of various CRE securitisations structures (such as single borrower CMBS and small balance transactions).
- Bachelor’s degree required and advanced degree is a plus.
- Credit expertise in a variety of CRE properties, including evolving asset classes such as data centres and other real estate infrastructure properties, across multiple European jurisdictions.
- Experience in credit rating methodology development (highly advantageous).
- Strong skills in due diligence and financial modelling.
- Excellent oral and written communications skills.
- Ability to work independently and collaborative in a fast-paced environment.
- Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.
About Us
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider. Kroll Bond Rating Agency UK is located at Augustine House, Austin Friars, London, EC2N 2HA, United Kingdom.
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