KKR REAL ESTATE CREDIT AND K-STAR INVESTMENT SERVICES OVERVIEW

KKR Real Estate Credit was formed in January 2015 to invest in real estate credit products and complement KKR Real Estate’s private equity platforms. Within KKR Real Estate Credit, we seek opportunities where we have a sourcing, underwriting or execution advantage by leveraging KKR’s brand, industry knowledge and relationships. KKR Real Estate Credit currently invests through six separately capitalized vehicles across our Direct Lending and Securities portfolios and consists of 50+ dedicated professionals based in New York, San Francisco, Houston and Dallas.

K-Star Asset Management LLC ("K-Star") was formed in 2022 and is a wholly owned subsidiary of KKR. K-Star is a dedicated investment services platform that supports underwriting, asset management, loan origination, securities investing, risk management, and client experience for KKR Real Estate Credit as it continues to scale. The K-Star team includes industry specialists in special servicing, asset management, due diligence, and loan closing, among other functional areas.

POSITION OVERVIEW

K-Star is seeking an intelligent, analytical, and proactive Portfolio Analyst to join the team. The Analyst will be responsible for the oversight and reporting on a portfolio of loans secured by stabilized, light transitional and construction projects located throughout the United States.  The qualified candidate will also be expected to participate in special projects and assignments related to the growth of the platform. With a goal of process development and execution, this candidate must be an exceptional communicator and have the ability to build strong partnerships across the various KKR businesses, including the Firm’s real estate credit originations, legal, finance, and asset management teams.

ROLE AND RESPONSIBILITIES

• Monitor portfolio performance for potential adverse credit issues and trend analyses
• Review and analyze monthly and/or quarterly financial statements and rent rolls with comparison against underwriting and budgets
• Monitor national, regional and local market dynamics to assess tenant credit risks and concentrations
• Interpret complex loan documents to confirm and track satisfaction of relevant loan terms and covenants
• Prepare and review asset performance reports to company management and other investor parties
• Evaluate and review draw requests, lease approvals, loan modifications and various other borrower requests and periodic underwriting of collateral
• Work closely with the Asset Management and Investment teams on relationship management of transaction sponsor
• Manage special projects, including implementation of new technologies to support K-Star’s platform
• Travel on an as needed basis

 QUALIFICATIONS

• Bachelor’s degree or equivalent experience preferably in a related course of study
• 1-2 years of work experience in commercial real estate preferred
• Fundamental knowledge of commercial real estate, fixed income, and general financial concepts
• Superior analytical and financial modeling skills
• Excellent organizational, verbal, and communication skills
• Exceptional attention to detail and thoroughness is required to ensure accuracy in all data and work product
• High proficiency with Microsoft Excel, Word, PowerPoint and Outlook
• Argus, construction loan or development experience a plus
• Team player with collaborative and strong relationship building skills with the ability to work independently in a way that reflects the company’s culture and core values
• Skilled at developing and maintaining personal, social and business relationships representing K-Star and KKR in a professional manner

 

 

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