Funds Ratings - Director (London) London, United Kingdom

Position Title: Funds Ratings - Director (London)

Entity: Kroll Bond Rating Agency UK Limited

Employment Type: Full-time

Location: London, England

Summary/Overview:

Kroll Bond Rating Agency UK Limited is seeking a Director to join our growing Funds Ratings team in the London office. The Funds team assigns and monitors credit ratings on various debt instruments issued by funds and other fund vehicles. KBRA evaluates financing instruments that support fund operations, enhance liquidity, and optimize capital structures. These include subscription credit lines, NAV-based loans, and credit facilities. A strong candidate will have extensive experience and interest in fund investment and credit strategies and how funds operate, deploy capital, and generate cash flows.

About the Job:

• Lead new issuance rating process, including evaluating key factors such as capital structure, legal protection, collateral quality, cash flow dynamics, and the manager’s experience.
• Conduct due diligence meetings with issuers and managers to assess their investment process, experience, and risk management skills.
• Prepare rating memos and new issuance reports, making recommendations to the rating committees.
• Lead ongoing monitoring and surveillance processes and keep abreast of developments on outstanding issuances and ratings.
• Develop and maintain complex spreadsheets and databases.
• Collaborate with KBRA experts in other sectors to evaluate complex multi-assets strategies.
• Supervise and mentor junior team members to support their development of analytical and professional skills.
• Lead or assist with the development of analytical tools to standardize rating approaches.
• Represent KBRA at industry conferences and engage with market participants.
• Assist with in-depth credit research and publications on new developments related to funds.

You will be successful in this role if you have:

• Bachelor’s degree in Finance, Business, Math, or related fields.
• 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, or other fund finance products.
• Experience reviewing legal documents and understanding of liability structures.
• Advanced proficiency in Excel to build and analyze financial models.
• Ability to assess creditworthiness of funds and assets.
• Strong verbal and written communication skills.
• Strong interpersonal skills to work collaboratively in a dynamic environment.
• CFA or interest in obtaining CFA is a plus.
• Ability to manage time and resources effectively.
• Familiarity with Generative AI tools for research and data insights is a plus.

About Us

Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.