KBRA · 2 days ago
REIT and Real Estate Fund Ratings Analyst - Director/Senior Director (NY)
New York, NY
Full-time
Hybrid
Senior Level, Lead/Staff
$150K/yr - $220K/yr
8+ years expKroll 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 are responsible for initial ratings and surveillance of corporate-level unsecured debt of REITs and institutional real estate funds, as well as preparing annual ratings surveillance reports and committee memorandums.
ConsultingCreditFinanceFinancial Services
Responsibilities
Participate in all elements of initial ratings and surveillance for corporate-level debt issued by REITs, institutional real estate funds, and other owners of commercial real estate properties in the U.S. and other countries
Assess company access to capital and funding sources/commitments, and monitor risks associated with company operating, development and financing strategies
Lead rating committee presentations and meetings with company management, investors, and bankers to discuss relative merits of individual companies, property types, property markets/economies, and financing/issuer structures
Incorporate third party property market and economic research into credit analysis and rating reports
Author in-depth company reports and press releases, sector outlooks, and special reports on capital and property market trends
Review terms of bond offering documents and credit facilities and monitor covenant compliance
Maintain peer group comparisons of credit metrics generated internally and from third-party sources
Assimilate third-party research on property type and market/economic outlooks, and analysis of debt and property schedules into ratings and reports
Review and edit reports of associate team members
Qualification
Required
Bachelor's degree required
8+ years of experience in research covering REITs or real estate experience
Prior experience at a credit rating agency conducting REIT credit surveillance or initial ratings is considered a strong advantage
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
Preferred
Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus
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
Company
KBRA
Kroll Bond Rating Agency (KBRA) was founded in 2010 to restore trust in credit ratings by introducing higher standards of risk assessment and a commitment to transparency.
501-1000 employees
H1B Sponsorship
KBRA has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (16)
2024 (10)
2023 (10)
2022 (11)
2021 (12)
2020 (9)
Funding
Current Stage
Late StageTotal Funding
$15M2021-12-13Acquired
2013-08-05Series C· $15M
2012-01-17Series B
Leadership Team
Jim Nadler
President and CEO
Bill Wright
Chief Technology Officer
Recent News
Business Wire
2025-12-05
2025-11-11
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