CMBS New Issuance Director
US$160,000 – US$250,000 / yr base salary
Posted 27 Jan 2026
Advertised as “CMBS New Issuance – Director / Senior Director (NY / Chicago)”
BranchFactor Summary
The original posting with the fluff stripped out
- Expected experience
- 10+ yrs
- Management level
- People management
- Employment
- Hybrid
- Contract
- Full-time
| Base salary | US$160,000 – US$250,000 / yr |
|---|
CertificationsCfa
Study levelBachelor's
Position Title: CMBS New Issuance – Director/Senior Director (NY/ Chicago)
Entity: Kroll Bond Rating Agency, LLC
Employment Type: Full-time
Location: New York, NY or Chicago, Illinois
Summary/Overview**:**
Kroll Bond Rating Agency (KBRA) is seeking an experienced Commercial Real Estate (CRE) credit analyst to join its industry-leading commercial mortgage-backed securities (CMBS) New Issuance ratings group in its New York or Chicago office. Analysts in the group are responsible for transaction execution, including conducting credit analysis, authoring published reports, and presenting analysis for the assignment of credit ratings to conduit, single-borrower, CRE CLO, single-family rental, and other types of CMBS transactions.
About the Job:
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Conduct commercial real estate (CRE) property cash flow and valuation, and loan credit analysis in accordance with KBRA’s methodologies across all CRE property types.
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Lead end-to-end execution of transactions, including:
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conducting property, loan and transaction level credit analysis
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presenting and defending the analysis internally to senior managers and in credit/ratings committees, and externally to banks
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leading preparation of externally published comprehensive transaction reports
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managing the process that involves multiple internal and external parties and work-streams
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Conduct property site inspections throughout the U.S. and related management meetings.
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Manage and/or mentor junior members of the team. Review cash flow analyses, asset summaries, and presale reports.
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Exhibit thought leadership by representing KBRA in conferences, issuer and investor meetings, and industry panels, as well as by publishing relevant research
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Lead or participate in development of frameworks and methodologies for emerging and esoteric asset classes/transaction types.
You will be successful in this role if you have:
- Bachelor’s degree in a relevant field of study. Advanced degree and successful progression towards the CFA designation are pluses.
- 10+ years of relevant CRE debt underwriting or CMBS securitization experience for a Director level consideration