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 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:

Basic/ Essential Qualifications:

#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 for CMBS and Warehouse Loans.

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

#8- 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.

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

Desirable skillsets/ good to have:

#1- Prior experience in Real Estate finance or securitized products like CMBS, RMBS, etc.

#2- Excellent knowledge of Real Estate metrics and financial statements.

#3- Experience working in CMBS issuances and managing data.

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

#5- Experience in preparing Narratives or Asset Summary reports of the transaction.

#6- Proficiency in MS Excel, Word and PowerPoint.

#7- Experience in Due Diligence process and working on Argus Software.

#8- Familiar with Bloomberg or Trepp.

#9- Familiar with various market reports like Costar & Reis.

This role will be based out of Nirlon Knowledge Park, 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 meet the needs of stakeholders/ customers through specialist advice and support
• Perform prescribed activities in a timely manner and to a high standard which will impact both the role itself and surrounding roles.
• Likely to have responsibility for specific processes within a team
• They may lead and supervise a team, guiding and supporting professional development, allocating work requirements and coordinating team resources. They supervise a team, allocate work requirements and coordinate 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 manage own workload, take responsibility for the implementation of systems and processes within own work area and participate on projects broader than direct team.
• Execute work requirements as identified in processes and procedures, collaborating with and impacting on the work of closely related teams.
• Check work of colleagues within team to meet internal and stakeholder requirements.
• Provide specialist advice and support pertaining to own work area.
• 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 all teams in area contribute to the objectives of the broader sub-function, delivering impact on the work of collaborating teams.
• Continually develop awareness of the underlying principles and concepts on which the work within the area of responsibility is based, building upon administrative / operational expertise.
• Make judgements based on practise and previous experience.
• Assess the validity and applicability of previous or similar experiences and evaluate options under circumstances that are not covered by procedures.
• Communicate sensitive or difficult information to customers in areas related specifically to customer advice or day to day administrative requirements.
• Build relationships with stakeholders/ customers to identify and address their needs.

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.