CMBS Originations & Underwriting - Analyst

Join us as a "CMBS Origination & Underwriting- Analyst" at Barclays, where team underwrites loans secured by commercial mortgages that are securitized in Commercial Mortgage Backed Securitized (CMBS) transactions. For each loan request, they are responsible for assessing the property economics in determining the appropriate loan amount, interest rate to be charged, risk inherent into the transaction and ensuring that all loans meet Barclays’ criteria. Additionally, the team performs quarterly analysis of Balance Sheet loans and is involved in the underwriting & due diligence of the Acquisition facilities.

You may be assessed on the key critical skills relevant for success in role, such as experience with CMBS Origination & Underwriting- Analyst, as well as job-specific skillsets.

To be successful as a CMBS Origination & Underwriting- Analyst, you should have experience to:

#1- Review Offering Memos prepared by brokers and/or Borrowers to gain an understanding of the real estate and the requested financing.

#2- Evaluate and compile property level income statements, rent roll, reimbursements, occupancy statics, sales and occupancy cost information and other information into excel-based models.

#3- Compile market research to determine and verify a project’s economics and assumptions in the model. Market research will include third party sources (such as CoStar, Reis, Smith Travel Research and others) as well as public information available on the internet.

#4- Review tenant leases and related documentation and prepare an abstract of key terms.

#5- Evaluate historical and projected capital expenditure budgets.

#6- Prepare asset summary reports which cover short descriptions of property and market characteristics, and strengths and weaknesses of the transaction.

Some other highly valued skills include:

#1- Underwriting & Due Diligence of the Acquisition facilities.

#2- Quarterly performance analysis of Balance Sheet loans which include analysing the financial statements, rent rolls, occupancy statistics, covenants tracking, and transaction updates for the loans.

#3- Manage CMBS data and aid in aggregating, sourcing, and populating centralized databases.

#4- The candidate would directly interact with the CMBS Origination teams. They would have to interact with the team members on a regular basis to make sure that the various models, reports and projects that they are developing are as per requirements.

#5- The candidate will have to be proactive in identifying issues and getting them resolved by coordinating with various stakeholders. The candidate needs to work on several time sensitive activities and hence is required to be meticulous and efficient. The candidate should have great eye for detail and should ensure that he/she meets the zero-error tolerance requirement as most output forms a critical input for business decision making.

#6- Ensure that all activities and duties are carried out in full compliance with regulatory requirements, Enterprise Wide Risk Management Framework and internal Barclays Policies and Policy Standards.

Candidate is expected to have:

* Excellent knowledge of Real Estate metrics and financial statements.

* prior experience in Real Estate finance or securitized products like CMBS, RMBS, etc.

* Excellent knowledge of Real Estate metrics and financial statements.

* Experience working in CMBS issuances and managing data.

* Excellent in Analytical skills and will be responsible for analyzing the results of the tests that they have developed.

* Experience in preparing Narratives or Asset Summary reports of the transaction.

* Proficiency in MS Excel, Word and PowerPoint.

* Experience in Due Diligence process.

* Experience of working on Argus Software.

* Familiar with Bloomberg or Trepp.

* Familiar with various market reports like CoStar & REIS.

This role will be based out of Mumbai.

Purpose of the role

To maintain the smooth and efficient operation of our trading desks, providing operational support and expertise to traders, sales professionals, and other key stakeholders, helping them maximize their productivity and minimize disruptions and handling administrative tasks, and providing market information and research. 

Accountabilities

• Provision of immediate and efficient technical support to traders and sales professionals on the trading desks, resolving hardware, software, and network-related issues to ensure uninterrupted trading activities.
• Coordination of trade execution by liaising with traders, clients, and other internal teams to ensure smooth transactions.
• Maintenance and updating of trade records, transaction logs, and client databases accurately.
• Reports, presentations, and documentation preparation to support sales and trading activities.
• Monitoring of market data and assist in the analysis of financial information for trading decisions.
• Operational tasks such as processing trades, confirming orders, and resolving trade discrepancies.

Analyst Expectations

• To perform prescribed activities in a timely manner and to a high standard consistently driving continuous improvement.
• Requires in-depth technical knowledge and experience in their assigned area of expertise
• Thorough understanding of the underlying principles and concepts within the area of expertise
• They lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources.
• If the position has leadership responsibilities, People Leaders are expected to demonstrate a clear set of leadership behaviours to create an environment for colleagues to thrive and deliver to a consistently excellent standard. The four LEAD behaviours are: L – Listen and be authentic, E – Energise and inspire, A – Align across the enterprise, D – Develop others.
• OR for an individual contributor, they develop technical expertise in work area, acting as an advisor where appropriate.
• Will have an impact on the work of related teams within the area.
• Partner with other functions and business areas.
• Takes responsibility for end results of a team’s operational processing and activities.
• Escalate breaches of policies / procedure appropriately.
• Take responsibility for embedding new policies/ procedures adopted due to risk mitigation.
• Advise and influence decision making within own area of expertise.
• Take ownership for managing risk and strengthening controls in relation to the work you own or contribute to. Deliver your work and areas of responsibility in line with relevant rules, regulation and codes of conduct.
• Maintain and continually build an understanding of how own sub-function integrates with function, alongside knowledge of the organisations products, services and processes within the function.
• Demonstrate understanding of how areas coordinate and contribute to the achievement of the objectives of the organisation sub-function.
• Make evaluative judgements based on the analysis of factual information, paying attention to detail.
• Resolve problems by identifying and selecting solutions through the application of acquired technical experience and will be guided by precedents.
• Guide and persuade team members and communicate complex / sensitive information.
• Act as contact point for stakeholders outside of the immediate function, while building a network of contacts outside team and external to the organisation.

All colleagues will be expected to demonstrate the Barclays Values of Respect, Integrity, Service, Excellence and Stewardship – our moral compass, helping us do what we believe is right. They will also be expected to demonstrate the Barclays Mindset – to Empower, Challenge and Drive – the operating manual for how we behave.