Kroll Bond Rating Agency, Inc.
Funds Ratings - Director (Chicago) Chicago, IL
Kroll Bond Rating Agency, Inc., Chicago, Illinois, United States, 60290
Position Title: Funds Ratings - Director (Chicago)
Kroll Bond Rating Agency, LLC
Full-time
Chicago, IL
Summary/Overview Kroll Bond Rating Agency, LLC (KBRA) is seeking a Director to join our growing Funds Ratings team in the Chicago office. The Funds team assigns and monitors credit ratings on various debt instruments issued by funds and other fund vehicles. KBRA evaluates financing instruments that support fund operations, enhance liquidity, and optimize capital structures, including subscription credit lines, NAV-based loans, and feeder fund rated notes. KBRA’s growing ratings portfolio includes funds leveraging a variety of investment strategies such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. A strong candidate will have extensive experience and interest in fund investment and credit strategies and how funds operate, deploy capital, and generate cash flows.
About the Job
Lead new issuance rating process, evaluating factors such as capital structure, legal protection, collateral quality, cash flow dynamics, and manager track record.
Interact with issuers, conducting due diligence meetings to assess investment process, experience, risk management skills, and strategy execution.
Prepare rating memoranda, new issuance reports, and make recommendations to rating committees.
Lead ongoing monitoring and surveillance, staying abreast of developments on outstanding issuances and ratings.
Develop and maintain complex spreadsheets and databases.
Collaborate with KBRA experts in project finance, corporate finance, financial institutions, and structured finance to evaluate complex multi-asset strategies.
Supervise and mentor junior team members, supporting their professional development.
Lead or assist the development of analytical tools to standardize rating approaches and streamline processes.
Represent KBRA at industry conferences, panels, and investor meetings, sharing insights on fund ratings and credit trends.
Assist with in-depth credit research and publications on new developments and trends related to funds.
You will be successful in this role if you have:
Bachelor’s degree in Finance, Business, Math, or a related field with strong analytical skills.
Eight (8) or more years of experience in fund finance, investing, or structured finance.
Experience with investment strategies in private equity, private credit, real estate, infrastructure, and asset-based financing.
Understanding of subscription lines, NAV financing, hybrid facilities, rated feeders, or other fund finance products.
Experience reviewing legal documents and strong understanding of liability structures, LTV/advance rates, payment priorities, and structural protections.
Advanced proficiency in Excel for building and analyzing financial models, assessing asset cash flow projections, and debt repayment under stress scenarios.
Ability to assess creditworthiness of funds, assets, and counterparties; knowledge of rating methodologies is a plus.
Strong verbal and written communication skills for clear, concise, and well-reasoned credit memoranda and reports presented to committees.
Strong interpersonal skills to work collaboratively across disciplines in a challenging and dynamic environment and effectively manage internal and external relationships.
CFA or interest in obtaining CFA is a plus.
Ability to manage time and resources in a fast-growing company.
Familiarity with Generative AI tools such as ChatGPT for research, data insights, and productivity is a plus.
Salary Range The anticipated annual base salary range for this full-time position is $140,000 to $170,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.
Benefits
A hybrid work schedule (Tuesday, Wednesday, and Thursdays in the office)
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
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. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and operates in the United Kingdom, Europe, and Canada with appropriate regulatory registrations.
More Info KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state, or local law.
EEO Statement We are an equal opportunity employer and welcome diverse candidates.
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Full-time
Chicago, IL
Summary/Overview Kroll Bond Rating Agency, LLC (KBRA) is seeking a Director to join our growing Funds Ratings team in the Chicago office. The Funds team assigns and monitors credit ratings on various debt instruments issued by funds and other fund vehicles. KBRA evaluates financing instruments that support fund operations, enhance liquidity, and optimize capital structures, including subscription credit lines, NAV-based loans, and feeder fund rated notes. KBRA’s growing ratings portfolio includes funds leveraging a variety of investment strategies such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. A strong candidate will have extensive experience and interest in fund investment and credit strategies and how funds operate, deploy capital, and generate cash flows.
About the Job
Lead new issuance rating process, evaluating factors such as capital structure, legal protection, collateral quality, cash flow dynamics, and manager track record.
Interact with issuers, conducting due diligence meetings to assess investment process, experience, risk management skills, and strategy execution.
Prepare rating memoranda, new issuance reports, and make recommendations to rating committees.
Lead ongoing monitoring and surveillance, staying abreast of developments on outstanding issuances and ratings.
Develop and maintain complex spreadsheets and databases.
Collaborate with KBRA experts in project finance, corporate finance, financial institutions, and structured finance to evaluate complex multi-asset strategies.
Supervise and mentor junior team members, supporting their professional development.
Lead or assist the development of analytical tools to standardize rating approaches and streamline processes.
Represent KBRA at industry conferences, panels, and investor meetings, sharing insights on fund ratings and credit trends.
Assist with in-depth credit research and publications on new developments and trends related to funds.
You will be successful in this role if you have:
Bachelor’s degree in Finance, Business, Math, or a related field with strong analytical skills.
Eight (8) or more years of experience in fund finance, investing, or structured finance.
Experience with investment strategies in private equity, private credit, real estate, infrastructure, and asset-based financing.
Understanding of subscription lines, NAV financing, hybrid facilities, rated feeders, or other fund finance products.
Experience reviewing legal documents and strong understanding of liability structures, LTV/advance rates, payment priorities, and structural protections.
Advanced proficiency in Excel for building and analyzing financial models, assessing asset cash flow projections, and debt repayment under stress scenarios.
Ability to assess creditworthiness of funds, assets, and counterparties; knowledge of rating methodologies is a plus.
Strong verbal and written communication skills for clear, concise, and well-reasoned credit memoranda and reports presented to committees.
Strong interpersonal skills to work collaboratively across disciplines in a challenging and dynamic environment and effectively manage internal and external relationships.
CFA or interest in obtaining CFA is a plus.
Ability to manage time and resources in a fast-growing company.
Familiarity with Generative AI tools such as ChatGPT for research, data insights, and productivity is a plus.
Salary Range The anticipated annual base salary range for this full-time position is $140,000 to $170,000. Offer amounts are determined by factors such as experience, skills, geography, and other job-related factors.
Benefits
A hybrid work schedule (Tuesday, Wednesday, and Thursdays in the office)
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
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. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider, and operates in the United Kingdom, Europe, and Canada with appropriate regulatory registrations.
More Info KBRA encourages applications from all qualified individuals without regard to race, color, religion, gender, sexual orientation, gender identity or expression, age, national origin, marital status, citizenship, disability, and veteran status or any other basis prohibited by federal, state, or local law.
EEO Statement We are an equal opportunity employer and welcome diverse candidates.
#J-18808-Ljbffr