Job Description

Job Title :  Senior Analyst – Commercial Real Estate

Department : Underwriting

Reports To:  Director of Underwriting

Position Overview:

The Senior Analyst for Commercial Real Estate performs advanced underwriting, detailed due diligence, and comprehensive financial analysis to support real estate transactions, including acquisitions, dispositions, and developments. The role demands exceptional analytical skills, a deep understanding of market trends, and the ability to identify risks and opportunities in commercial real estate investments.

Key Responsibilities:

1. Underwriting and Financial Modeling

• Develop and maintain detailed financial models, incorporating income and expense projections, debt structures, and return metrics such as IRR, NPV, and cash-on-cash returns.
• Evaluate potential investments by analyzing financial performance, lease terms, and market conditions.
• Prepare sensitivity analyses to assess the impact of market and financial variables.

2. Due Diligence

• Coordinate all aspects of the due diligence process, ensuring compliance with internal standards and timelines.
• Review and abstract legal documents, including purchase agreements, loan documents, and tenant leases.
• Facilitate entity formation, including drafting and filing legal documents for single-purpose entities (SPEs) as required.
• Manage banking and financial account setup for transaction-specific entities.
• Prepare and manage comprehensive closing checklists, ensuring all documentation, approvals, and requirements are satisfied before closing.
• Oversee property-level information collection and verification.
• Verify rent rolls, tenant estoppels, and operating expense reconciliations for accuracy and alignment with underwriting assumptions.

3.  Market Research and Analysis

• Analyze in-depth local and regional market trends, including supply-demand dynamics, comparable sales, and economic indicators.
• Identify emerging trends and potential risks within specific submarkets to guide investment strategies.

4. Investment Presentation and Reporting

• Prepare detailed investment memos summarizing key findings, financial metrics, and recommendations for internal and external stakeholders.
• Present findings to senior leadership, highlighting risks, opportunities, and the strategic fit of proposed investments.

5. Risk Assessment and Mitigation

• Identify and quantify property operations, financing, and market conditions risks.
• Propose actionable strategies to mitigate potential risks and enhance investment performance.

6. Collaboration and Stakeholder Coordination

• Work closely with acquisition teams, brokers, lenders, and third-party consultants to gather necessary information and execute transactions efficiently.
• Collaborate with internal teams, including development, finance, and legal, to align underwriting assumptions with business goals.

7. Process Improvement

• Streamline underwriting and reporting processes by developing templates, tools, and best practices.
• Stay informed of industry developments, software innovations, and new methodologies to enhance efficiency and accuracy in financial analyses.

Qualifications:

• Bachelor’s degree in Finance, Real Estate, Business Administration, or a related field (Master’s degree preferred).
• Minimum of 2 years of experience in commercial real estate, focusing on underwriting or investment analysis.
• Proficiency in financial modeling and advanced Excel skills.
• Experience with Argus software required.
• Strong understanding of real estate fundamentals, including leases, debt structures, and valuation techniques.
• Excellent written and verbal communication skills.
• Detail-oriented with exceptional analytical and problem-solving abilities.
• Experience with additional real estate software tools (e.g., CoStar, Yardi) is a plus.

Key Competencies:

• Strong strategic thinking and decision-making capabilities.
• High organization and ability to manage multiple priorities under tight deadlines.
• Proactive, results-driven mindset with attention to detail.

Compensation and Benefits:

• Salary: Competitive, commensurate with experience and qualifications.
• Benefits: Comprehensive benefits package, including medical, dental, and vision insurance; retirement savings plan with company match; and life insurance.
• Paid Time Off (PTO): Generous PTO policy, including vacation days and paid holidays.

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