Structured Credit - Associate

Posted:
5/29/2024, 11:14:51 AM

Location(s):
New York, United States ⋅ New York, New York, United States

Experience Level(s):
Junior ⋅ Mid Level

Field(s):
Finance & Banking ⋅ Sales & Account Management

COMPANY OVERVIEW

KKR & Co. Inc., together with its subsidiaries, is a leading global investment firm that offers alternative asset management and capital markets and insurance solutions. KKR aims to generate attractive investment returns by following a patient and disciplined investment approach, employing world-class people, and supporting growth in its portfolio companies and communities. KKR sponsors investment funds that invest in private equity, credit and real assets and has strategic partners that manage hedge funds. KKR’s insurance subsidiaries offer retirement, life and reinsurance products under the management of The Global Atlantic Financial Group. 

TEAM OVERVIEW

Formed in 2004, KKR Credit is responsible for more than $232 billion in assets under management and more than 200 investment professionals.  The Structured Credit team sits within Leveraged Credit, which is responsible for well over $100 billion in AUM and incudes more than 50 investment professionals.  For additional information about KKR Credit, please visit https://www.kkr.com/businesses/credit 

POSITION SUMMARY 

KKR is seeking an experienced investment professional at the Associate level to join its Structured Credit team.  The successful candidate will be expected to assist the team with CLO Tranche Investing as well as CLO Structuring and Capital Markets. 

RESPONSIBILITIES

Specific responsibilities for the Structured Credit Associate are as follows:

CLO Tranche Investing

  • Analyze CLO tranches as part of the investment recommendation process
  • Monitor/analyze market and manager performance data, updating CLO Investment team accordingly
  • Build and maintain strong dealer relationships (sales, trading, and syndicate)
  • Generate trade ideas based on market themes
  • Assist the tranche investing team with improving systems and processes

CLO Structuring and Capital Markets

  • Assist senior CLO team members with CLO issuance activities (for US and EU platforms)
  • Participate in negotiations with transaction counterparties
  • Analyze existing CLOs for potential capital market events
  • Assist communication with rating agencies on modeling and transaction execution
  • Support Product teams with CLO investor management and other client deliverables, including DDQs, RFPs, manager commentaries, etc., in a timely manner

QUALIFICATIONS

The ideal candidate will bring 3 or more years of CLO structuring experience to the role.  In addition, they will meet the following criteria:

  • Proficiency in Intex Calc
  • Demonstrated knowledge of CLO documentation
  • Strong experience in modeling CLOs in Excel
  • Solid investing acumen and intuition of risk and relative value

CRITICAL COMPETENCIES FOR SUCCESS

  • Ability to think strategically and proactively, while demonstrating good investment instincts and analytical capabilities
  • Motivated self-starter with proven ability to manage multiple demands and projects with competing deadlines while maintaining strong attention to detail
  • Outstanding written and verbal communication skills
  • Strong interpersonal skills for developing relationships with trust and integrity
  • Team player that enjoys working in a collaborative and collegial environment with the desire to learn
  • Experience working on large dynamic, teams in a fast-paced and pressurized environment

#LI-DNI

This is the expected annual base salary range for this New York-based position. Actual salaries may vary based on factors, such as skill, experience, and qualification for the role. Employees may be eligible for a discretionary bonus, based on factors such as individual and team performance.
Base Salary Range
$150,000$175,000 USD

KKR is an equal opportunity employer.  Individuals seeking employment are considered without regard to race, color, religion, national origin, age, sex, marital status, ancestry, physical or mental disability, veteran status, sexual orientation, or any other category protected by applicable law.