Underwriting Associate

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Job description

Company

Our Client is a REIT that specializes in leased healthcare properties, capitalizing on growing and dynamic macroeconomic trends. The firm owns and manages almost 10M sq ft of space across 150+ properties nationwide and credits its success to its strong corporate culture and its people. The company offers flexibility, job stability and a chance to grow with a well reputed organization.

Location

Tampa, FL

Role

Reporting to the Vice President of Credit Underwriting/Portfolio Analytics and working closely with the Investment Management and Due Diligence teams, the Underwriting Associate is involved in three main areas:

1. Credit Underwriting analyses of corporate real estate tenants, existing and new.
2. Creating annual financial reports for existing individual assets and for portfolios, aligned with the REIT's strategy.
3. Evaluating new acquisitions across a variety of healthcare asset types, including hospitals, acute care, rehab centers and medical office.

The efforts include assisting with drafting comprehensive investment summaries for the firm's management, investment committee, and Board of Directors, including amendments to existing transactions. The ideal candidate will bring organizational, analytical and reporting skills, and will be intelligent, strategic, and result driven.

Responsibilities

Daily responsibilities include, but are not limited to:

• Perform due diligence and research of real estate markets, tenants, and the healthcare industry.
• Collect and analyze tenant financial statements for current and past trends in key performance indicators including revenue, expenses, and cash flow, as well as financial position indicators such as liquidity and leverage, to identify strength and weaknesses in financial performance and position.
• Read, abstract, and analyze legal real estate related documentation (i.e. leases, LOIs, and PSAs), and corporate financial statements for relevant financial information that will have an impact on the real estate financial analysis.
• Prepare clear concise summary documentation and spreadsheets that support and explain the basis of the analyses for use in presentations, proposals and/or reports.
• Draft investment summary commentary for presentation to the firm's management, investment committee, and for financing approval.
• Develop and maintain financial models and other analytical tools for property and portfolio analysis.
• Perform financial modeling and due diligence in support of the company's ongoing real estate acquisition and asset management activities.
• Help implement process and procedure improvements and adjustments.
• Other related duties and projects as assigned.

Qualifications

• Bachelor's Degree in Finance, Accounting, or related field.
• 3+ years progressive financial analysis/accounting and underwriting work experience in middle market, corporate and/or real estate credit analysis, and/or real estate finance area at a financial institution.
• Formal credit training is a plus.
• Proficiency working with numbers.
• Strong financial modeling skills and ability to summarize data via Excel functions.
• Proficiency with Excel, Word, and PowerPoint.
• Knowledge of Yardi software desirable.
• Knowledge of real estate financial modeling concepts such as IRR, DCF and NPV.
• High attention to detail in analytical assessments and can perform error free analyses.
• Strong verbal and written communication skills.
• Ability to engage in multiple initiatives simultaneously and balance the workload.
• Ability to work in a dynamic, deadline-driven environment with moderate supervision.
• Flexible attitude with the ability to manage change effectively as the team grows.
• Ability to function effectively and well as part of a team; Egos checked at the door.