Position: Associate Director [Multiple Positions Available]
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-Time
Location: 805 3rd Avenue, Floor 29, New York, NY 10022. Telecommuting permitted up to 40% of the week. Only incidental domestic travel is required for this position, to complete property site inspections and/or attend industry seminars and conferences.
What you'll do - Execute valuation and credit methodologies by operating valuation/credit models; use quantitative and statistical modelling to assess expected losses to determine valuations/credit ratings.
- Operate valuation/credit models on a periodic basis; to assess if outstanding valuations/credit ratings are still in compliance and adhering to methodologies and evaluation guidelines.
- Review varied financial Credit models and ensure it is executed in accordance with rating methodologies and in compliance with commercial real estate evaluation guidelines and principles.
- Act as the data expert for the team and maintain the CMBS database; develop a system to upload credit modeling data to the database; troubleshoot and co-operated with IT team if any data-related issue arises.
- Conduct detail cash flows analysis and valuation; occasionally lead end-to-end new issuance and surveillance transactions along with overall deal management in accordance with organizational guidelines for various transaction types.
- Write and publish topical research papers and commentary on credit trends, real estate market outlooks, and industry-specific relevant topics.
- Participate in creating and improving existing financial credit models; property cash flow and underwriting templates.
- Direct and lead junior analysts and associates on the daily working guidelines of the Analytics team, including train new hires on credit models.
- Telecommuting permitted up to 40% of the week.
- Only incidental domestic travel is required for this position, to complete property site inspections and/or attend industry seminars and conferences.
Requirements- Employer will accept Bachelor's degree in financial engineering, operations research, accounting, mathematics, or real estate finance, plus five years of experience in commercial mortgage-backed securities, or structured finance, or investment banking, or finance and accounting, or other commercial real estate finance experience and interest.
- In the alternative, employer will accept Master's degree in financial engineering, operations research, accounting, mathematics, or real estate finance, plus two years of experience in commercial mortgage-backed securities, or structured finance, or investment banking, or finance and accounting, or other commercial real estate finance experience and interest.
- Prior experience must include:
- 2 years of experience applying advanced principles of finance, accounting, mathematical and/or statistical analysis;
- 2 years of experience performing advanced/expert Microsoft Excel functions (including mastery over formulas and shortcuts) to analyze large amounts of data to conduct day-to-day responsibilities in prior roles;
- 1 year of experience in data engineering or data science; 1 year of experience in working with different types of valuation and/or credit models, or financial statement analysis;
- expertise in U.S. commercial real estate sectors and capital markets as demonstrated by 1 year of experience and/or coursework amounting to a specialization in Real Estate; and
- 1 year of experience in developing and maintaining the relational database (RDBMS), writing SQL queries and Excel VBA codes.
- Only incidental domestic travel is required for this position.
- Must successfully complete competency-based interview.
Salary Range: $153,000 - $160,000 per year
Benefits:- 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
