Real Estate Investment Underwriting Expert

Job Title: Real Estate Investment Underwriting Expert

Job Type: Part-Time / Contract

Location: Remote (US)

Job Summary

Join our customer’s team as a Real Estate Investment Underwriting Expert, where your institutional knowledge in acquisitions, underwriting, and asset management will directly shape the standard for deal evaluation. In this role, you will serve as an essential evaluator of commercial real estate underwriting, providing expert insights and structured feedback to elevate the investment process.

Key Responsibilities

1. Analyze and review detailed underwriting models, discounted cash flows (DCF), and pro formas for analytical soundness and adherence to market realities.
2. Assess investment committee materials, acquisition memos, and deal rationales for institutional-grade rigor and clarity.
3. Evaluate risk-adjusted returns, debt structures, capital stacks, and projected exit strategies to ensure robust investment analysis.
4. Score and benchmark underwriting packages against standardized investment criteria to ensure consistency and quality.
5. Deliver clear, concise written feedback identifying gaps in analysis, market assumptions, pricing, or risk assessment.
6. Contribute sector-specific expertise across multifamily, industrial, office, retail, and specialty asset classes.
7. Support the calibration of quality standards for junior and senior underwriting professionals, directly impacting the training and development process.

Required Skills and Qualifications

1. 5+ years of experience in commercial real estate acquisitions, underwriting, asset management, REPE, REITs, or structured real estate finance.
2. Proficiency in building or reviewing ARGUS and advanced Excel underwriting models.
3. Expertise with leases, rent rolls, T-12, operating expenses (OPEX), capital expenditures (CapEx), debt sizing, and investment returns metrics (IRR, EMx, CoC).
4. Strong ability to evaluate real asset economics, market comparable data, and diverse capital structures.
5. Keen analytical mindset with a passion for both written and verbal communication, critical for providing actionable feedback.
6. Demonstrated experience with hedge fund or asset management environments.
7. Exceptional attention to detail and commitment to institutional reporting standards.

Preferred Qualifications

1. Direct experience with REPE or REIT investment underwriting.
2. Advanced proficiency with ARGUS Enterprise.
3. CFA, CAIA, or other recognized real estate finance certifications.