What are the responsibilities and job description for the Underwriting Analyst - Based in Houston, Texas position at Venterra Realty?
- This position is based in Houston, Texas
ROLE: Underwriting Analyst
REPORTS TO: Senior Director of Acquisitions
LOCATION: Remote / Corporate Office in Houston (Hybrid)
COMPANY OVERVIEW
Venterra Realty is a growing developer, owner, and operator of multifamily apartments with approximately 90 mixed-use and multifamily communities across 21 major US cities. Over 42,000 people and more than 18,000 pets call Venterra "home"! We are committed to improving the lives of our residents by delivering an industry-leading customer experience. Through the exceptional commitment and dedication of our approximately 900 team members, we’ve enjoyed tremendous growth and financial success over our 23-year history.
We’re thrilled to be recognized as a leading workplace with numerous prestigious awards year after year! In 2024 alone, Great Place to Work’s annual employee survey led to various workplace recognitions including being named one of the 2024 FORTUNE© Best Medium Workplaces, ranking #1 in our size category on the 2024 Best Workplaces in Real Estate list, and celebrated as one of People Magazine's 2024 PEOPLE® Companies that Care. Anonymous Venterra Glassdoor reviews have also resulted in our becoming a five-time Glassdoor Best Places to Work winner.
Explore our communities at VenterraLiving.com, and visit Venterra.com to learn more about how we’re out-caring the competition by staying true to our value proposition: “We care more about renter experiences, which drives superior results.”
THE OPPORTUNITY
KEY JOB RESPONSIBILITIES
-
Analyze development and acquisition opportunities in multifamily, build-for-rent, 55 active adult living, affordable LIHTC, and other real estate asset classes by conducting the following (but not limited to):
- Performing financial statement analysis, financial modeling, and equity valuation
- Conducting market research, site inspections, and due diligence gathering to support underwriting assumptions
- Completing ad hoc analyses to support pursuit of development and acquisition opportunities
- Compiling research from vendors and via public information, distilling to usable and readily interpretable format for investment decisions
- Prepare investment packages for internal committee as well as lenders
- Provide necessary support and direction during all phases of asset lifecycle, from development/acquisition to asset management, to potential disposition
CANDIDATE PROFILE
- Bachelor’s degree in Accounting, Finance, Real Estate, or related field required
- 2 years of underwriting experience with multifamily focus preferred but not necessary
- Other relevant experiences include private equity, investment banking, and equity research, not necessarily with real estate focus
- Proficient in Excel
- Knowledgeable across Microsoft Office suite
- Ability to collaborate effectively in cross-functional team environment
- Exceptional judgment and decision-making skills, with proven technical skills in underwriting, structuring, and closing complex deals
- Ability to work independently, with strong project management skills as well as excellent accuracy and attention to detail
- Solid organizational skills, with ability to manage multiple assignments
BENEFITS
- Competitive Base Salary and performance bonus
- A robust package of Health (Medical (PPO), Dental, Vision), 401k matching, paid vacation suite benefits and employer-paid Short & Long-Term Disability, among other things
- Educational Assistance / Reimbursement to support your drive to learn
- 8 paid hours per year of Volunteer Time Off to serve the organization(s) of your choice
- Access to thousands of employee discounts with BenefitHub
