About the job
Position Title: Funds Ratings - Director (New York)
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-time
Location: New York, NY
Overview:
Kroll Bond Rating Agency, LLC (KBRA) is actively looking for a Director to enhance our expanding Funds Ratings team in our New York office. This team is responsible for assigning and monitoring credit ratings for a variety of debt instruments issued by funds and similar investment vehicles. KBRA evaluates financial instruments that facilitate fund operations, enhance liquidity, and optimize capital structures, including subscription credit lines, NAV-based loans, and feeder fund rated notes. Our diverse ratings portfolio covers a wide range of investment strategies, such as fixed income securities, private equity, private credit, direct lending, real estate, infrastructure, and asset-based financing. The ideal candidate will possess substantial experience and a strong interest in fund investment and credit strategies, understanding how funds operate, allocate capital, and generate cash flows.
Key Responsibilities:
- Oversee the new issuance rating process, evaluating critical factors such as capital structure, legal protections, collateral quality, cash flow dynamics, and the manager’s track record.
- Engage with issuers and conduct due diligence meetings to assess their investment processes, risk management capabilities, and overall execution efficacy.
- Draft rating memos and new issuance reports, providing recommendations to the rating committees.
- Lead ongoing monitoring and surveillance of current issuances and ratings, ensuring awareness of developments.
- Develop and maintain complex analytical spreadsheets and databases.
- Collaborate with KBRA’s experts across other sectors, such as project finance and structured finance, to innovate evaluation methods for complex multi-asset strategies.
- Mentor and supervise junior team members, fostering their analytical and professional growth.
