Underwriter, Associate Director - Real Estate Debt - Europe

Barings; Greater London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading finance firm in Greater London seeks an Associate Director for Underwriter Real Estate Debt. You will underwrite and execute real estate debt transactions, collaborate with various teams, and present investment committee papers. Ideal candidates have 4+ years in underwriting CRE loans in Europe/UK, strong modeling skills, and a degree in a related field. This full-time position offers a competitive salary and the opportunity to significantly impact the firm's operations.

Qualifications

• 4+ years experience in underwriting Commercial Real Estate loans across Europe and the UK.
• Excellent modeling skills with a proven track record at a pan European Debt Investor.
• Good knowledge of real estate markets and asset classes in Europe and the UK.

Responsibilities

• Underwrite new European deals for funds and SMAs.
• Lead analysis and modeling of potential transactions.
• Prepare and present investment committee papers.

Skills

Financial Modeling

Real Estate

Underwriting

Education

Degree in real estate or finance related discipline

Job description

Position Title

Underwriter Real Estate Debt - Europe

Business Title

Associate Director

Department

Real Estate Debt - Europe

Reports To

European Head of Credit, Real Estate Debt – Europe

Overall Purpose of Role

Reports to the Head of Credit for the European Real Estate Debt group. This team is responsible for the underwriting and execution of real estate debt transactions. This role will support the European Head of Credit to underwrite new European deals for the European funds and SMAs, present deals to Investment 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 reflect 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
• Liaise 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
• Ensuring 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

Skill Requirements

• Financial Modeling
• Real Estate
• Underwriting

Equal Employment Opportunity

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.