Funds Ratings - Director (London)
- London
- Permanent
- Full-time
- Lead new issuance rating process, including evaluating key factors including an issuance's capital structure, legal protection, collateral quality, cash flow dynamics and the manager's experience and track record.
- Interact with issuers, conducting due diligence meetings with issuers and managers to assess their investment process, experience, risk management skills, and overall ability to execute strategies.
- Prepare rating memos and new issuance report, and making recommendations to the rating committees.
- Lead ongoing monitoring and surveillance process and keep abreast of developments on the outstanding issuances and ratings.
- Develop and maintain complex spreadsheets and databases.
- Collaborate with KBRA experts in other sectors such as project finance, corporate finance, financial institutions, and structured finance to develop approaches to evaluating complex multi-assets strategies.
- Supervise and mentor junior team members to leverage their contributions while supporting their development of analytical and professional skills.
- Lead or assist with the development of analytical tools to standardize rating approaches and streamline new issuance and surveillance processes.
- Represent KBRA at industry conferences, panels, and investor meetings, engaging with market participants to share insights on fund ratings and credit trends.
- Assist with in-depth credit research and publications on new development, trends or topical subjects related to funds.
- Bachelor's degree in Finance, Business, or Math related fields or any subject that results in strong analytical skills.
- Eight (8) or more years of work experience in fund finance, investing, or structured finance.
- Experience with investment strategies in private equity, private credit, real estate, infrastructure, and asset-based lending facilities.
- Understanding of subscription lines, NAV financing, hybrid facilities, rated feeders, or other fund finance products.
- Experience reviewing legal documents and strong understanding of liability structures, LTV/advance rates, payment priorities, and structural protections.
- Advanced Proficiency in Excel is required to build and analyze excel based financial models to assess asset cash flow projections, and debt repayment under stress scenarios
- Ability to assess creditworthiness of funds, assets, and counterparties; understanding how this applies to rating methodologies is a plus.
- Strong verbal and written communication skills to prepare clear, concise, and well-reasoned credit memos and reports and present them to committees in an efficient manner.
- Strong interpersonal skills to work as an integral part of a highly collaborative team and across disciplines in a challenging and dynamic environment and effectively manage internal and external relationships.
- CFA or interest in obtaining CFA a plus
- Ability to manage time and resources in fast-growing company.
- Familiarity with Generative AI tools such as ChatGPT for research, data insights, and general productivity is a plus.
- A flexible hybrid work schedule - Tuesdays, Wednesdays, Thursdays in the office
- Competitive benefits and paid time off
- Paid family and disability leave
- Pension plan
- Educational and professional development financial assistance
- Employee referral bonus program