Market Desk Support

Job description

Job Title: Analyst – Global Markets CMBS (Reboot) Corporate Grade: BA1 Reports to (Line Manager’s Job Title): Director Direct Reports (if applicable): N.A. Business Area: Securitized Products – Origination Department/Function Level 1: N.A. Department/Function Level 2: N.A. Primary Location: Mumbai IAR Role No Regulated Role No Role Profile Attestation The content of this role profile is relevant for the role in question Name of reviewer: Hirdesh Rohatgi Role of reviewer: Director Date of review: About Barclays Barclays is a transatlantic consumer, corporate and investment bank offering products and services across personal, corporate and investment banking, credit cards and wealth management, with a strong presence in our two home markets of the UK and the US. Our goal is to become the bank of choice by providing superior services to customers and clients and supporting our stakeholders via a commercially successful business that generates long-term sustainable returns. Our two clearly defined divisions, Barclays UK and Barclays International, provide diversification by business line, geography and customer, enhancing financial resilience and helping to contribute to the delivery of consistent returns through the business cycle. We have a strong core business with exciting prospects, well positioned to deliver long- term value for our shareholders. Consistent with the objective of delivering long-term sustainable value for all our stakeholders, we have developed our Shared Growth Ambition – our approach to citizenship and the sustainability of the business model we operate. The aim is to make decisions and do business that provides our clients and customers, and the communities which we serve, with access to a prosperous future. The delivery of our strategy is underpinned by the energy, commitment and passion of our people, and we are clear on our common purpose: to help people achieve their ambitions, in the right way. About Barclays India Employee Value Proposition At Barclays, each day is about being more – as a professional, as a person. The statement ‘Be More @ Barclays’ represents our core promise to all current and future employees. It is the characteristic that we want to be associated with as an employer and therefore is at the heart of every employee experience. Following are the four supporting pillars of our employee value proposition: Be More Globally Connected Be More Inspired Be More Impactful Be More Valued Internal Only For further information about Barclays, please visit our website www.barclays.com We are an equal opportunity employer and we are opposed to discrimination on any grounds. If this position requires the person to be an Approved Person under the Financial Services and Markets Act 2000 (FSMA), disclosure of spent convictions within the meaning set out in the Rehabilitation of Offenders Act 1974 (Exceptions) Order 1975 will be required. Restricted - External For further information on EVP, please click on the link below https://now.barclays.com/WCP/content/intranet/en/functions/operations-and-technology/global-service-centre/EVP.html About CMBS Origination Team 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 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. 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 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 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 Candidate is expected to deliver on the following business agenda: 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 Stakeholder Management and Leadership 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 Decision-making and Problem Solving The candidate will have to be proactive in identifying issues and getting them res