REIT and Real Estate Fund Ratings Analyst
US$150,000 – US$250,000 / yr base salary
Posted 27 Mar 2025
Advertised as “REIT and Real Estate Fund Ratings Analyst - Director/Senior Director (NY)”
BranchFactor Summary
The original posting with the fluff stripped out
- Expected experience
- 8+ yrs
- Management level
- Individual contributor
- Employment
- Hybrid
- Contract
- Full-time
| Base salary | US$150,000 – US$250,000 / yr |
|---|
Study levelBachelor's
Position Title: REIT and Real Estate Fund Ratings Analyst - Director/ Senior Director (NY)
Department: REIT
Employment Type: Full-time
Location: New York, NY
Summary/Overview:
Kroll 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 in the group are responsible for initial ratings and surveillance of corporate-level unsecured debt of REITs, institutional real estate funds, and related CRE operating companies, both in the U.S. and Europe. Analysts are typically responsible for 10-12 credits, updating financial models, monitoring industry conditions and trends, participating in calls with senior management, and preparing annual ratings surveillance reports and committee memorandums.
Job 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.
Successful candidates will possess the following:
- 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.