What are the responsibilities and job description for the 2024 K-Star Full Time Portfolio Analyst position at Kohlberg Kravis Roberts & Co.?
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.
REAL ESTATE CREDIT 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.
KKR has developed a dedicated services platform, K-Star Asset Management LLC (“K-Star”), to support asset management, loan origination, securities investing, risk management and client experience for its real estate credit franchise as it continues to scale. The K-Star team will include industry specialists to oversee special servicing, stabilized loan asset management, transitional loan asset management, and investment oversight across KKR’s real estate credit portfolio.
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
- Current undergraduate student graduating with a Bachelor’s degree in December 2023 – June 2024
- Prior internship or work experience in commercial real estate
- 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 KKR in a professional manner
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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.