What are the responsibilities and job description for the Underwriting Analyst - Real Estate Credit position at Macdonald & Company?
Macdonald & Company is pleased to partner with a highly regarded and active real estate investment firm in the appointment of an Underwriting Analyst to support their active debt fund.
The firm is headquartered in Salt Lake City and operates an active credit platform providing bridge, mezzanine, preferred equity, and other structured capital solutions, as well as a national equity portfolio spanning multifamily, retail, and industrial assets.
The Role
The Analyst will support the underwriting and execution of debt and structured capital investments, with responsibility for analyzing credit risk, transaction structure, and downside protection across a range of real estate financing strategies.
Key Responsibilities
- Underwrite debt and structured capital investments, including bridge, mezzanine, and preferred equity transactions.
- Analyze sponsor strength, asset performance, and transaction structure using leverage, coverage, and sensitivity metrics.
- Build and maintain loan-level cash flow models incorporating pricing, fees, reserves, covenants, and exit assumptions.
- Assess downside scenarios and stress cases to evaluate risk-adjusted returns and capital protection.
- Prepare credit memoranda and investment committee materials summarizing risk, structure, and return profile.
- Support due diligence by reviewing third-party reports, loan documentation, and collateral information.
- Assist with portfolio-level monitoring, including concentration analysis and performance tracking.
- Work closely with senior credit professionals through underwriting, closing, and ongoing asset management.