Analyst - Banking CMBS Origination

About Banking CMBS Origination

The CMBS origination team underwrites loans secured by commercial mortgages that are securitized in 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 in to the transaction and ensuring that all loans meet company's criteria

It is the policy of to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, creed, religion, national origin, alienage or citizenship status, age, sex, sexual orientation, gender identity or expression, marital or domestic/civil partnership status, disability, veteran status, genetic information, or any other basis protected by law

Dynamic working gives everyone at the opportunity to integrate professional and personal lives, if you have a need for flexibility then please discuss this with the hiring manager.

Overall purpose of role :

- 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 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 Large Loans in CMBS issuance which allows easy comparisons for current deals and better due diligence.

- The candidate would help the team to size the number of deals that the team currently works on with the CMBS underwriters and Originators in New York and Los Angeles.

Key Accountabilities :

- 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

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

- Adhoc projects

Person Specification:

Personal attributes essential to performing role including competencies, expertise, knowledge, and experience.

Essential Skills/Basic Qualifications:

- 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

Desirable skills/Preferred Qualifications:

- Experience in Due Diligence process

- Experience of working on Argus Software

- Familiar with Bloomberg or Trepp

- Familiar with various market reports like Costar & Reis