Global Capital Market - Associate, Infra Capital Markets (Mumbai)

Overview

Associate role in Morgan Stanley's Global Capital Markets team, focused on Infrastructure Capital Markets, supporting origination, structuring, execution, syndication and portfolio management of financing transactions across the infrastructure sector, based in the Mumbai Global Center.

What you'll do

• Support transaction execution across tax equity, tax credit transfer, high-yield, project finance and structured debt financings
• Build, review and maintain financial models, including project finance, tax equity, credit, valuation and portfolio projection models
• Prepare client materials, pitch books, investment memoranda, credit approval materials, syndication materials and internal committee presentations
• Assist with due diligence, including review of project documents, financing agreements, third-party reports, operating data, financial statements, tax assumptions and sponsor materials
• Support underwriting and credit analysis, including cash flows, downside cases, leverage capacity, repayment risk, sponsor strength, collateral value and structural protections
• Coordinate transaction workstreams across internal teams
• Assist in pre-work for negotiation and execution of financing documentation, tax equity agreements, tax credit transfer documentation, debt documents and syndication materials
• Support ongoing portfolio management, including tracking asset performance, reviewing operating and financial reporting, reconciling distributions, updating projection models, monitoring covenant compliance and preparing internal portfolio updates
• Contribute to process improvement, automation and technical initiatives to improve data accuracy, efficiency and scalability of DCM workflows
• Provide ad-hoc analytical and operational support to meet evolving business needs and ensure smooth execution across transactions

What you'll need

• 1–2 years of experience in investment banking, leveraged finance, project finance, infrastructure, energy, credit, structured finance or related capital markets roles
• MBA / CA / Bachelor's Degree or equivalent
• Keen interest in Capital Markets and intellectual curiosity
• Strong financial modelling ability and sound credit judgement
• Written competency and spoken language fluency in English
• Good communication and interpersonal skills to collaborate effectively with global teams
• Strong analytical and quantitative skills and comfort working with large datasets
• Agility and ability to multi-task and thrive in a fast-paced environment
• Team player with a strong work ethic and motivation to learn
• Exceptional attention to detail, strong Excel and PowerPoint skills; familiarity with Bloomberg and market data tools (Bondradar, Dealogic, Pitchbook)
• Ability to manage expectations and handle high-pressure situations

Nice to have

• Experience with renewable energy, power, tax equity, tax credit transferability, project finance, high-yield debt, leveraged finance or structured credit
• Programming and coding experience / knowledge of AI tools

Details

• Location: Mumbai, India