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We thank you for your interest in joining the Barings team, and invite you to explore our current employment opportunities.
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 (Skills, Experience and Knowledge Requirements):
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;
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Requisite Skills
Financial Modeling, Real Estate, UnderwritingAdditional 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.