Underwriter, Associate Director - Real Estate Debt - Europe

Barings LLC; City of Westminster; On-site; GBP 60,000 - 80,000; Full time

Job summary

A leading financial services company in the UK seeks a professional to manage real estate loan processes, focusing on underwriting and financial modelling. Successful candidates will possess over 4 years of experience in debt investments and strong collaboration skills. Key responsibilities include analysing potential transactions, preparing committee papers, and ensuring all deals meet quality standards. Candidates with a degree in real estate or finance are preferred. This position requires travel across Europe to stay updated on market conditions.

Qualifications

• 4+ years experience as a Debt Investor with underwriting experience.
• Ability to identify risk and develop mitigation strategies.
• Experience reviewing facility agreements.

Responsibilities

• Review and prepare questions on potential deals.
• Lead analysis and modelling of transactions.
• Prepare investment committee papers.

Skills

Collaborative team player

Excellent modelling skills

Good knowledge of real estate markets

Education

Degree in real estate or finance related discipline

Tools

Financial Modeling

Underwriting

Job description

Overview

Committee and assist in the closing of loans. The role will involve regular collaboration with the European Real Estate Debt Origination, Portfolio and Asset Management teams and the European Real Estate Equity, ESG and Research teams.

Key Accountabilities

• Reviewing information memorandums and preparing questions for sponsors on potential deals
• Leading analysis and modelling of potential transactions with researched and justifiable underwriting assumptions incorporating input from research and equity teams
• Active participation in Pipeline meetings
• Ensuring potential transactions meet the quality ratings and risk based capital rating requirements of the proposed fund or SMA
• Reviewing ESG credentials and due diligence of potential transactions and reflecting them in underwriting
• Preparing and presenting investment committee papers at investment committee
• Assisting with drafting term sheets and ensuring alignment with the modelled terms
• Assisting with loan closing and transaction management to ensure loans are executed in a timely fashion – liaising with professional advisors on key points, reviewing professional reports and facility agreements, coordinating delivery of conditions precedent
• Liaising with internal servicer, fund controller and other internal teams to ensure funds are called on a timely basis and data on the internal systems is accurate
• Assist in re-underwriting of existing portfolio and modelling and analysis of asset management amendments, waivers and extensions when requested

Travel as needed to visit properties and to ensure up to date knowledge of European property markets.

Person Specification

• Collaborative team player, self‑starter who will need to be hands‑on
• Excellent modelling skills
• Demonstrable track record at a pan European Debt Investor with 4+ years experience, including experience in underwriting CRE loans across Europe and the UK; experience gained with a Debt Fund preferable
• Educated to degree level with a qualification in real estate / finance related discipline preferred
• Good knowledge of real estate markets and real estate asset classes in Continental Europe and the UK
• Ability to identify risk in new and/or existing transactions and effectively develop mitigation strategies
• Experience of reviewing facility agreements
• Ability to influence and engage peers
• Strong written, oral, interpersonal, and presentation skills and the ability to effectively interface with clients, prospective clients, senior management and staff

Requisite Skills

• Financial Modeling
• Real Estate
• Underwriting

Additional Skills

Barings is an Equal Employment Opportunity employer; Minority/Female/Age/Sexual Orientation/Gender Identity/Individual with Disability/Protected Veteran. We welcome all persons to apply.