Morgan Stanley India | Global Capital Market - Associate, Infra Capital Markets (Mumbai)

Key responsibilities

• We are looking for a Global Capital Markets professional focussed on Infrastructure Capital Markets business to join our Global Center in Mumbai.
• The role offers exposure to financial modelling, transaction structuring, and ongoing portfolio management.
• At the end of training, you will be able to understand financial concepts and have a strong understanding of the Morgan Stanley culture.
• You will receive variety of trainings covering financial analysis, business presentations, and practical skills.
• In this role, you will gain exposure to financial markets and macro trends, build knowledge of banking and capital markets sectors and products, and work with bankers in core locations.
• Supporting transaction execution across tax equity, tax credit transfer, high-yield, project finance, and structured debt financings.
• Building, reviewing, and maintaining financial models, including project finance models, tax equity models, credit models, valuation analyses, and portfolio projection models.
• Preparing client materials, pitch books, investment memoranda, credit approval materials, syndication materials, and internal committee presentations.
• Assisting with due diligence, including review of project documents, financing agreements, third-party reports, operating data, financial statements, tax assumptions, and sponsor materials.
• Supporting underwriting and credit analysis, including assessment of cash flows, downside cases, leverage capacity, repayment risk, sponsor strength, collateral value, and structural protections.
• Coordinating transaction workstreams across internal teams.
• Assisting in the pre-work for negotiation and execution of financing documentation, tax equity agreements, tax credit transfer documentation, debt documents, and syndication materials.
• Contribute to process improvement, automation, and technical initiatives aimed at improving 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.
• Supporting 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

Skills and qualifications

• Experience with renewable energy, power, tax equity, tax credit transferability, project finance, high-yield debt, leveraged finance, or structured credit is strongly preferred but not required.
• Strong financial modelling ability and sound credit judgement.
• Good communication and interpersonal skills to collaborate effectively with global teams.
• Strong analytical and quantitative skills and comfort in 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.
• Programming and coding experience / knowledge of AI tools is encouraged.

Morgan Stanley

Morgan Stanley is a global financial services firm founded in New York in 1935, known for investment banking, sales and trading, wealth management and investment management.

Its teams in India support the firm's global businesses. For chartered accountants this means corporate controllers, external reporting, regulatory reporting, tax and risk roles.

• Industry: Investment banking, wealth and investment management
• Headquarters: New York, USA
• In India: Teams in Mumbai and Bengaluru supporting global businesses