Cmbs Origination

Job Title: CMBS Origination & Underwriting
Location: Mumbai

About Barclays
Barclays is a British universal bank. We are diversified by business, by different types of customers and clients, and by geography. Our businesses include consumer banking and payments operations around the world, as well as a top-tier, full service, global corporate and investment bank, all of which are supported by our service company which provides technology, operations and functional services across the Group.

Risk and Control Objective
Take ownership for managing risk and strengthening controls in relation to the work you do.

Working Flexibly

Hybrid Working

Structured hybrid role:
Introduction:
The Mumbai team supports the CMBS Underwriting and Origination team through financial modelling and deal review of the loan requests that they receive. The team prepares Loan Review Forms, Preliminary Underwriting/ Cash Flow Models, and Asset Summary Reports that help in determining whether Barclays should proceed with each transaction; and the loan amount, loan structure and spreads to be charged. The team is also responsible for creating and maintaining a database of static information for all the Conduit and SASB Deals issued since 2015 which allows easy comparisons for current deals and better due diligence.

What will you be doing?
- Review Offering Memos prepared by brokers and/or Borrowers to gain an understanding of the real estate and the requested financing
- Evaluate and compile property level income statements, rent roll, reimbursements, occupancy statics, sales and occupancy cost information and other information into excel-based models
- 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
- Review tenant leases and related documentation and prepare an abstract of key terms.
- Evaluate historical and projected capital expenditure budgets
- Prepare asset summary reports which cover short descriptions of property and market characteristics, and strengths and weaknesses of the transaction
- Underwriting & Due Diligence of the Acquisition facilities
- 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
- Manage CMBS data and aid in aggregating, sourcing, and populating centralized databases

What we’re looking for:

- Postgraduate Degree (or equivalent)
- With 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

Skills that will help you in the role:

- Experience in Due Diligence process
- Experience of working on Argus Software
- Familiar with Bloomberg or Trepp
- Familiar with various market reports like CoStar & REIS

Where will you be working?
Mumbai

Be More at Barclays
Interested and want to know more about Barclays? Visit home.barclays/who-we-are/ for more details.
Purpose, Values and Mindset

We deploy finance responsibly to support people and businesses, acting with empathy and integrity, championing innovation and sustainability, for the common good and the long term.
Our values underpin everything we do: Respect, Integrity, Service, Excellence and Stewardship.

Respect
We harness the power of diversity and inclusion in our business, trust those we work with, and value everyone's contribution.
Integrity
We operate with honesty, transparency and fairness in all we do.
Service
We act with empathy and humility, putting the people and businesses we serve at the centre of what we do.
Excellence
We champion innovation, and use our energy, expertise and resources to make a positive difference.
Stewardship
We prize sustainability, and are passionate about leaving things better than we found them.

Our Mindset shapes how we take action, living by our Values, driven by our Purpose, always with our customers and clients at the heart of what we do; our Mindset is to Empower, Challenge and Drive.

Empower
Trust and support each other to deliver. Make decisions with those closest to the topic. Include diverse perspectives. Celebrate success and learn from failure.
Challenge
Question whether things can be done better. Use insights based on data to inform decisions. Be curious about how we can adapt and improve. Speak up and be open to alternative viewpoints.
Drive
Focus on outcomes. Deliver with pace. Be passionate and ambitious about what we do. Take personal responsibility