Corporate Credit Funds Director

Position Title: Corporate Credit Funds - Director (London)

Entity: Kroll Bond Rating Agency UK Limited

Employment Type: Full-time

Location: London, England

Summary/Overview:

KBRA (Kroll Bond Rating Agency, LLC) is seeking a Director to join our growing Corporate Credit Funds team in the London office. The team assigns and monitors credit ratings on various debt instruments backed by portfolios of middle market corporate loans, including senior secured direct lending investments, along with other corporate loans, notes, and bonds.

The team focuses on private credit and direct lending transactions, including feeder fund rated notes, master fund credit facilities, middle market CLOs, corporate loan and bond portfolios, and select synthetic risk transfer structures. The team evaluates financing solutions that enable capital formation, fund investment, and liquidity management for private credit managers and institutional investors.

A strong candidate will have significant experience in corporate credit, private credit, direct lending, or structured credit, with a deep understanding of portfolio construction, asset performance, structural protections, and cash flow dynamics. The primary focus of this role is fund debt transactions supported by portfolios of middle market direct lending investments, primarily senior secured corporate loans, as well as other corporate credit instruments; however, experience in CLOs or structured credit is highly relevant, as the analytical skills, including collateral pool assessment, tranche risk analysis, cash flow modeling, and structural review, are transferable.

About the Job:

• Lead the new issuance rating process, including evaluation of transaction capital structures, legal protections, collateral quality, portfolio composition, asset performance, and cash flow dynamics.
• Analyze portfolios of corporate loans, bonds, and other credit instruments, including middle market and sponsor-backed exposures.
• Conduct due diligence meetings with asset managers, direct lenders, arrangers, and issuers to assess underwriting standards, portfolio management practices, risk management frameworks, and performance history.
• Prepare rating memoranda and new issuance reports, and present recommendations to rating committees.
• Lead ongoing monitoring and surveillance of outstanding transactions, tracking portfolio performance, credit migration, and concentration trends.
• Develop and maintain complex financial models to assess collateral performance, cash flow coverage, stress scenarios, and structural resilience.