Underwriting Associate

Churchill Real Estate is seeking an Associate to join its Underwriting Team. The candidate will play an active role in the underwriting as well as exposure to asset management of large-scale residential real estate debt investments . This position offers significant exposure to all phases of the investment lifecycle, including origination, underwriting, construction monitoring, and portfolio management.

Key Responsibilities

• Analyze and underwrite prospective debt investments, including bridge, construction, and transitional real estate loans.
• Build and maintain detailed financial models evaluating project feasibility, borrower sponsorship, collateral performance, and loan repayment scenarios.
• Prepare investment committee memoranda and presentations outlining investment rationale, key risks and mitigants, sensitivity analyses, and projected returns.
• Conduct comprehensive due diligence on borrowers, guarantors, properties, markets, and business plans.
• Monitor and asset manage a portfolio of construction and transitional loans through stabilization, lease-up, and repayment.
• Review construction progress, budgets, draw requests, leasing activity, operating performance, and borrower reporting.

Qualifications

• Bachelor's degree in Finance, Real Estate, Economics, Accounting, or a related field.
• 1–5 years of experience in real estate lending, acquisitions, investments, brokerage, banking, or a related field.
• Advanced financial modeling and underwriting skills, including proficiency in Excel.
• Strong analytical, quantitative, and problem-solving capabilities.
• Excellent written and verbal communication skills.
• High attention to detail and strong organizational skills.
• Proficiency in Microsoft Office, including Excel, Word, and PowerPoint.
• Ability to manage multiple transactions and deadlines in a fast-paced environment.

What the Role Offers

• Direct exposure to senior investment professionals and investment committee processes.
• Experience underwriting and asset managing large, complex real estate credit investments.
• Opportunity to develop a broad skill set across real estate credit, construction finance, and asset management.