REIT and Real Estate Fund Ratings Analyst - Senior Director (NY)

About the positionResponsibilities• 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. Requirements• Bachelor's degree required• Knowledge of secured and unsecured commercial real estate debt capital markets and financing strategies. • Familiarity with various issuer structures-including public REITs, real estate funds, non-REIT property operating companies, and non-traded REITs. • Strong verbal and written communications skills. • Knowledge of underlying demand drivers for various property types and regional markets/economies. • Proficiency in review of issuer financial statements-including GAAP, fair-market-value and IFRS.• Ability to generate private market values estimates for underlying properties. • Proficiency in use of Bloomberg for sourcing issuer-reported documents and in financial analysis. • Knowledge of lease structures, expense ratios, and capital expenditure requirements for various property types. • Intermediate Microsoft Excel skills including ability to build pro forma financial models. • Ability to meet deadlines and manage rating process. Benefits• A hybrid work schedule and flex hours• Competitive benefits and paid time off• Paid family and disability leave• 401(k) plan, including employer match (100% vested)• Educational and professional development financial assistance• Employee referral bonus program• Cell phone provided Apply tot his job