[Hiring] Commercial Real Estate Underwriting Analyst @Bullpen Talent

Role Description

We are hiring a Commercial Real Estate Investment Analyst to support a US based real estate investment and development firm focused on office, mixed use, and urban assets. This role is focused on deal underwriting, financial modeling, and investment analysis across institutional quality real estate transactions.

• Underwrite commercial real estate deals including office, mixed use, and urban infill assets
• Build and maintain detailed financial models in Excel for acquisitions and development projects
• Use ARGUS Enterprise to analyze property level cash flows and valuations
• Support development underwriting including assumptions around lease up, capex, and timelines
• Perform debt analysis including DSCR, loan sizing, and capital structure evaluation
• Analyze rent rolls, operating statements, and market data
• Prepare investment memos and underwriting summaries for internal decision making
• Work closely with a US based team on active deals

Qualifications

• 2 to 5 years of experience in commercial real estate underwriting or investment analysis
• Strong experience with office, mixed use, or institutional CRE assets
• Experience with ARGUS Enterprise preferred (strong Excel modeling required)
• Experience supporting acquisitions or development underwriting
• Exposure to debt underwriting (DSCR, loan sizing)
• Strong attention to detail and analytical thinking
• Fluent in English

Requirements

• Strong experience with ARGUS Enterprise
• Strong Excel modeling skills
• Experience underwriting both commercial (office, retail, industrial) and residential (multifamily, BTR/SFR) property types
• Debt underwriting experience is required

Nice to Have

• Exposure to US real estate markets
• Experience with residential or mixed use developments
• Background in real estate private equity or development firms

Role Details

• Full time, remote
• Must overlap with US Pacific working hours