At a Glance
- Tasks: Underwrite and execute real estate debt transactions while collaborating with various teams.
- Company: Join Barings, a leading investment firm that values integrity and teamwork.
- Benefits: Competitive salary, professional development, and a supportive work environment.
- Other info: Dynamic role with opportunities for travel and exposure to European property markets.
- Why this job: Make an impact in the real estate sector and grow your career in finance.
- Qualifications: 3+ years in debt investment, strong modelling skills, and a collaborative mindset.
The predicted salary is between 48000 - 72000 £ per year.
At Barings, we are as invested in our associates as we are in our clients. We recognise those who work diligently for us and reward them for personal and professional integrity, communication skills, distinct competencies and expertise in specific strategies, ability to collaborate as a team member and true dedication to the interests of our clients.
Overall Purpose of Role
This role will support the European Head of Credit to underwrite new European deals for the European funds and SMAs, present deals to the 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 reflecting them in underwriting
- Preparing and presenting investment committee papers at the 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
- Assisting 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)
- Track record at a pan European Debt Investor with 3+ years experience, including experience in underwriting CRE loans across Europe and the UK; experience gained with a Debt Fund is preferable
- Collaborative team player, self‐starter who will need to be hands‐on
- Excellent modelling skills
- 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
Underwriter, Real Estate Debt - Senior Associate/Associate Director - Barings in London employer: Jobs via eFinancialCareers
At Barings, we pride ourselves on fostering a supportive and inclusive work environment where associates are valued for their contributions and encouraged to grow professionally. Our commitment to employee development is complemented by a collaborative culture that promotes teamwork and innovation, making it an ideal place for those looking to make a meaningful impact in the real estate debt sector. Located in Europe, our team benefits from access to diverse markets and opportunities for professional advancement within a leading global investment firm.
Contact Details:
Jobs via eFinancialCareers Recruitment Team
StudySmarter Expert Advice🤫
We think this is how you could land Underwriter, Real Estate Debt - Senior Associate/Associate Director - Barings in London
✨Tip Number 1
Network like a pro! Reach out to your connections in the real estate and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have the inside scoop on job openings at Barings or other firms.
✨Tip Number 2
Prepare for interviews by brushing up on your modelling skills and understanding of European property markets. Be ready to discuss your previous underwriting experiences and how they relate to the role. Practise answering common interview questions with a focus on collaboration and risk assessment.
✨Tip Number 3
Showcase your expertise! Create a portfolio that highlights your best work in underwriting and financial modelling. This can be a great conversation starter during interviews and will demonstrate your hands-on experience to potential employers.
✨Tip Number 4
Don’t forget to apply through our website! It’s the best way to ensure your application gets noticed. Plus, it shows you’re genuinely interested in joining Barings and being part of our collaborative team.
We think you need these skills to ace Underwriter, Real Estate Debt - Senior Associate/Associate Director - Barings in London
Some tips for your application 🫡
Tailor Your CV:Make sure your CV reflects the skills and experience mentioned in the job description. Highlight your track record in underwriting and any relevant real estate debt experience to catch our eye!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're the perfect fit for the Underwriter role at Barings. Share specific examples of your achievements and how they align with our values.
Showcase Your Team Spirit:We love team players! In your application, mention instances where you've collaborated effectively with others. This will show us that you can work well within our dynamic teams.
Apply Through Our Website:Don't forget to apply through our website! It’s the best way to ensure your application gets to us directly. Plus, it shows you're serious about joining the Barings family.
How to prepare for a job interview at Jobs via eFinancialCareers
✨Know Your Numbers
As an Underwriter, you'll need to demonstrate your strong modelling skills. Brush up on your financial modelling techniques and be ready to discuss specific examples of how you've used them in past roles. Prepare to explain your underwriting assumptions clearly and justify them with data.
✨Research the Market
Familiarise yourself with the current trends in European real estate markets. Be prepared to discuss recent transactions and how they might impact the deals you’ll be underwriting. Showing that you have a solid grasp of market dynamics will impress your interviewers.
✨Collaboration is Key
This role requires a collaborative approach, so think of examples where you've successfully worked as part of a team. Be ready to share how you’ve liaised with different departments or stakeholders in previous positions, especially in relation to deal execution and risk assessment.
✨Prepare for the Investment Committee
Since you'll be presenting deals to the Investment Committee, practice summarising complex information succinctly. Prepare a mock presentation of a deal you’ve worked on, focusing on how you would communicate the key points effectively to senior management and clients.
