Underwriting Analyst

Mosaic Real Estate Investors, LLC (MREC Management, LLC) is looking to hire an Underwriting Analyst to join its Debt Originations team.
 
Mosaic Real Estate Investors, LLC is a Southern California based Real Estate Fund Manager that, through its subsidiary, MREC Management, LLC, an SEC-registered investment adviser, focuses on originating and holding construction, value-add, and special situation debt on Commercial Real Estate across the U.S. Mosaic Real Estate Investors, LLC was founded in 2015 by industry veterans Ethan Penner and Vicky Schiff. The firm has since originated approximately $700M in financing products. Please visit mosaicrei.com for more information.
 
Job Description:

The Underwriting Analyst will have the opportunity to be an integral part of the Originations team. The main responsibilities of the Underwriting Analyst will be the following:
 

• Create financial models and perform financial analysis on potential investments in the firm’s pipeline
• Perform sensitivity analyses utilizing various data sources to find appropriate assumptions for the operations of the underlying collateral
• Analyze construction budgets and expected draw schedules
• Evaluate various markets for new competitive supply, demand and various other metrics in order to determine the feasibility of a project’s success
• Analyze rent rolls, operating history, previous valuations and projected cash flows of underlying collateral
• Review due diligence materials, including third-party reports, and maintain due diligence checklists
• Prepare investment committee memorandums
• Analyze borrower’s capabilities to conduct business, including analyzing borrower and guarantor financial statements
• Conduct research on key trends within various US markets

 
Job Qualifications

• Bachelor’s degree in finance, business, economics, real estate or a related field
• A minimum of 1-3 years of relevant experience in the real estate finance industry (mortgage banking, investment banking, lending), including transactional experience
• Strong quantitative and technical skills, including financial modeling experience
• Ability to work independently with little direction
• Experience with real estate development/construction lending preferred but not required
• Experience with a wide-range of asset types preferred but not required