Underwriting Associate - Kayne Anderson Private Credit chez Kayne Anderson Capital Advisors

Description

About Kayne Anderson

Kayne Anderson, founded in 1984, is a leading alternative investment management firm focused on real estate, credit, infrastructure, and energy. With a team defined by an entrepreneurial and resilient culture, Kayne Anderson’s investment philosophy is to pursue cash flow-oriented niche strategies where knowledge and sourcing advantages enable us to deliver above average, risk-adjusted investment returns. As responsible stewards of capital, Kayne Anderson’s philosophy extends to promoting responsible investment practices and sustainable business practices to create long-term value for our investors. Kayne manages $40 billion in assets (as of 12/31/2025) for institutional investors, family offices, high net worth and retail clients and employs 350 professionals.

Position Overview

The ideal candidate has a strong background in financial services, accounting, or a related environment and can demonstrate an ability to balance detail with broader issues, in both written and oral communication. The primary responsibilities include reviewing diligence, preparing transaction memos and underwriting reports, developing financial models, assisting in deal closings, and managing a portfolio of accounts.

Candidates are able to draw thoughtful conclusions based on their analysis of new transactions and portfolio accounts and can effectively communicate their findings both internally and externally. An Associate candidate should have a working knowledge of the practical application of the loan documentation.

A strong work ethic, proactive approach to problem solving, team-first attitude, and comfort with autonomy / responsibility are critical for success.

This role will be based in our Chicago, Illinois office and will have a hybrid work schedule.

Requirements

Core Responsibilities

• Identify and analyze investment merits and underwriting risks
• Manage financial modeling
• Organize, review, and present transaction due diligence
• Conduct industry research to supplement third-party reports
• Support the underwriting and syndication of credit facilities, including:
• Preparation of written documents (diligence question lists, internal screening memos, underwriting memos, term sheets, lender presentations, etc.)
• Communication with transaction stakeholders (senior and subordinated lenders, the private equity sponsor, and the target company)
• Assistance in the legal documentation and closing process
• Active participation in investment committee meetings
• Proactive problem solving, client interaction, and active daily management of a portfolio of accounts (e.g., spreading financial data, validating compliance certificates, quarterly valuations, co-managing amendment processes, etc.)

Requirements

• 1-3 years of experience in a financial, accounting, or related environment
• Robust analytical, problem-solving, and organizational skills
• Excellent written and verbal communication skills
• Deep understanding of accounting and financial analysis with a proficiency in financial modeling
• Comfortable interacting with sponsors, management, investors, and other key external partners
• Ability to multi-task and manage time and workload efficiently in a fast-paced environment
• Strong work ethic, attention to detail, and proactive by nature
• Demonstrate effective working relationship with teammates
• Advanced knowledge of Microsoft Office (Word, Excel, PowerPoint)

Benefits

• Competitive medical, dental, and vision insurance
• Flexible spending accounts (dependent care, healthcare, limited purpose FSA)
• Accident and Critical Illness insurance
• Long Term Disability insurance
• Competitive 401(k) benefits
• Pet healthcare savings program
• Member’s Only Healthcare - healthcare navigation
• WellHub - corporate wellness platform
• $10,000 lifetime reimbursement for family forming services (e.g. IVF, adoption, surrogacy)
• Rocket Lawyer legal benefits
• Reimbursement of professional society memberships and exam fees
• Up to $10,000 matching annually for contributions to qualified non-for-profit organizations
• Parental leave
• Compensation: Approximately $120,000 to $150,000 base salary with a target bonus of 40%-65% of base salary (dependent on prior experience and performance in the role).  

Employment with the company is contingent on the applicant being able to provide proof of eligibility to work in the United States at the time of hire.

Equal opportunity employer. All aspects of employment including the decision to hire, promote, discipline, or discharge, will be based on merit, competence, performance, and business needs. We do not discriminate on the basis of race, color, religion, marital status, age, national origin, physical or mental disability, medical condition, pregnancy, genetic information, gender, sexual orientation, gender identity or expression, veteran status, or any other status protected under federal, state, or local law.