[Remote] Real Estate Underwriter - Financial Modeling

Note: The job is a remote job and is open to candidates in USA. Invest with Roots is a wealth-building platform focused on making financial growth accessible. They are seeking a detail-oriented Real Estate Underwriter to support their real estate team with financial modeling, deal analysis, and investment decision-making.

Responsibilities

• Build and maintain pro forma models for potential acquisitions across multiple asset types and deal structures
• Analyze deal economics, including cash-on-cash returns, IRR, equity multiples, NAV impact, yield on cost, debt service coverage, and sensitivity to key assumptions
• Stress-test assumptions around rent growth, operating expenses, cap rates, exit timing, leverage, interest rates, hold periods, and capital needs
• Partner with acquisitions, asset management, finance, and leadership to translate deal terms, business plans, and market assumptions into clear model inputs
• Evaluate potential acquisitions across asset types such as multifamily, build-to-rent, mixed-use, value-add, and other residential-focused real estate opportunities
• Support capital structuring analysis, including debt assumptions, equity requirements, refinancing scenarios, and investor return profiles
• Maintain and update models as deals move through the pipeline, from initial screening through investment committee review and closing
• Review operating statements, rent rolls, market comps, loan terms, third-party reports, and other diligence materials to support underwriting assumptions
• Identify key risks, sensitivities, and value drivers in each deal and clearly communicate them to the team
• Summarize model outputs into clear investment memos, decision-support materials, and committee-ready presentations
• Support ongoing portfolio performance analysis, including actual-to-budget reviews, valuation updates, NAV-related analysis, and scenario planning
• Help improve our underwriting process, model templates, internal reporting, and investment committee materials as the team continues to grow

Skills

• 2–5 years of experience in real estate finance, acquisitions, investment banking, private equity, asset management, or a similar analytical role
• Strong real estate financial modeling experience, including acquisition models, operating projections, debt schedules, return calculations, and sensitivity analysis
• Advanced Excel skills and comfort building, auditing, and improving complex models
• Strong understanding of commercial real estate fundamentals, including valuation methods, cap rates, NOI, debt structures, refinancing assumptions, waterfall mechanics, and investor return metrics
• Comfort working with deal materials such as rent rolls, operating statements, market comps, loan terms, appraisals, inspections, and due diligence reports
• Strong attention to detail and the ability to work efficiently under deal-cycle timelines
• Clear written and verbal communication skills, with the ability to explain model outputs and investment considerations in plain English
• Curiosity, sound judgment, and the ability to ask good questions when assumptions, inputs, or deal terms are unclear
• Experience analyzing multifamily, build-to-rent, mixed-use, value-add, or residential real estate investments is strongly preferred
• Bachelor's degree in Finance, Real Estate, Accounting, Economics, Business, or a related field preferred

Company Overview